EDF Trading confirms extension of cooperation with Chubu Electric Power

09 March 2010


Chubu Electric Power Co., Inc (Nagoya) and EDF Trading Ltd confirmed today that they will continue their cooperation in Chubu Energy Trading (“CET”), a jointly-operated fuel procurement and supply business based in Nagoya, Japan.

CET was established by Chubu in 2007 as a separate corporate entity with a mandate to test a different approach to the traditional procurement model in Japan. Following a successful two-year period involving the supply to Chubu of about half of its coal consumption and associated freight, Chubu and EDF Trading have agreed to extend and expand the CET partnership, and to consider the future potential for LNG and oil.

John Rittenhouse, Chief Executive of EDF Trading said “This successful joint venture has exceeded our initial expectations and reinforces the effectiveness of an asset-backed trading model. The validity and success of our model within the Pacific energy markets is thanks to the cooperation and support provided by Chubu. It’s been an honour working with Chubu and we look forward to supporting the second phase of CET’s development.”


For further information, please contact:
EDF Trading
Michele Reid, Head of Communications
Tel: +44 (0) 20 7061 4232
Email: michele.reid@edftrading.com


About EDF Trading
EDF Trading is a leader in the international wholesale energy markets. Its own portfolio of assets, combined with EDF Group businesses, give it the ability to source, supply, transport, store, blend and convert physical commodities across the wholesale energy markets.

In Europe, it is one of the largest participants in the power and gas markets and was one of the first entrants into the global market for liquefied natural gas. EDF Trading participates in the EU emissions market since it began and is one of the top buyers of carbon credits from Clean Development Mechanism projects around the world. The global coal and freight business is the largest importer of coal into Europe. EDF Trading is also a pioneer in the biomass market.

EDF Trading is able to offer physical acquisition, management and delivery of natural gas, power and coal in the United States and Canada.

EDF Trading is a 100% owned subsidiary of EDF Group, Europe’s leading electricity producer, a major player in renewable energies, a significant participant in the worldwide revival of nuclear energy with a growing presence in the natural gas industry

For more information on EDF Trading, please visit www.edftrading.com.

For more information on Chubu Energy Trading, please visit www.chubuet.com.