Notice Concerning establishment of “KASHIWAZAKI Ideal & Realistic Energy, Inc.”
March 30, 2022
Kashiwazaki CityINPEX CORPORATIONPACIFIC POWER CO., LTD.
Japan Petroleum Exploration Co., Ltd.
HOKURIKU GAS CO., LTD.
UEKI CORPORATION
Daishi Hokuetsu Bank, Ltd.
BOURBON CORPORATION
Kashiwazaki Shinkin Bank
Kashiwazaki City, INPEX CORPORATION, PACIFIC POWER CO., LTD., Japan Petroleum
Exploration Co., Ltd., HOKURIKU GAS CO., LTD, UEKI CORPORATION, Daishi Hokuetsu Bank,Ltd, BOURBON CORPORATION and Kashiwazaki Shinkin Bank today announced they haveestablished “KASHIWAZAKI Ideal & Realistic Energy, Inc.” (hereinafter “the company”) through a
joint investment.
The company will commence its electricity sales business by September 2022 as a regional energy
company in Kashiwazaki City in Niigata Prefecture, Japan. The company will aim to establish asustainable energy business in the region through creating an environment where businesses and thepublic can utilize low-carbon energy, including renewable energy and next-generation energy. Thecompany also seeks to become a core player in the regional environment and energy industry.
In the future, the company will develop a full-fledged low-carbon power supply business in theKashiwazaki area. The company will also aim to supply stable, low carbon energy to the Greater
Tokyo Area using storage batteries, etc. by connecting into submarine power lines and the Greater
Tokyo Area/regional power grid. The company will also contribute to the realization of the energy
policies and decarbonization policies promoted by the Japanese government.
About the company
Name

KASHIWAZAKI Ideal & Realistic Energy, Inc.

Capital30 million YenHeadquaters

2-1 Nisseki cho, Kashiwazaki City, Niigata Prefecture, Japan (Kashiwazaki municipaloffice)Shareholders

Kashiwazaki CityINPEX CORPORATIONPACIFIC POWER CO., LTD.
Japan Petroleum Exploration Co., Ltd.
HOKURIKU GAS CO., LTD.
UEKI CORPORATION
Daishi Hokuetsu Bank, Ltd.
BOURBON CORPORATION
Kashiwazaki Shinkin BankDirectors

20,300,000 yen
3,000,000 yen
3,000,000yen
1,000,000 yen
900,000 yen
500,000 yen
500,000 yen
500,000 yen

300,000 yen

67.66%
10.00%
10.00%
3.33%
3.00%
1.66%
1.66%
1.66%
1.00%

Representative Director, President & CEO: Masahiro Sakurai (Mayor, KashiwazakiCity)
Representative Director: Koji Ono (Director, PACIFIC POWER CO., LTD.)
Director: Yasuyuki Nishimaki, (Deputy Mayor, Kashiwazaki City)
Director: Shigeru Tode (General Manager, Strategy Planning & Coordination Unit,
Domestic Energy Supply & Marketing Division, INPEX CORPORATION)
Audit: Eisuke Karahashi (Kashiwazaki branch manager, HOKURIKU GAS CO.,LTD.)

Date ofestablishment

March 30, 2022

Date ofpower supply

September 2022 (scheduled)
1. Energy supply
・ Electric power sales business and intermediary / agency business・ Power generation business・ Power transmission and distribution business・ Heat supply and heat utilization business2. Services related to energy use
・ Services and services related to the energy business in general・ Business related to trading of energy resources, energy in general, andenvironmental value in general

Areas of business・ Development and sales of equipment, equipment and energy systems related to theoverall energy business
Rental, design, construction, management, operation and maintenance・ Energy saving business・ Engineering and consultation related to energy business in general andenvironmental protection
Sales of technology, know-how, and information
3. Regional promotion
・ Consultation and services related to public-private partnership projects andregional promotion projects