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JAPAN'S TOHOKU ELECTRIC TO BUY COAL & EMISSIONS ALLOWANCES.
TOKYO, Nov 1 Asia Pulse - Tohoku Electric Power Co. (TSE:9506) announced Wednesday that it has agreed to purchase coal and gas emissions allowances from two Australian firms as a set, marking the first deal in Japan in which fuel and emissions rights have been bought in this manner.
Tohoku Electric will sign with Powercoal Pty Ltd. and Centennial Coal Co. a multiyear contract taking effect in the 2002 fiscal year.
The two partners will supply the Japanese firm with coal as well as emissions allowances gained by reducing gas emissions in Australia.
...
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Source: HighBeam Research, JAPAN'S TOHOKU ELECTRIC TO BUY COAL & EMISSIONS ALLOWANCES.