Japanese utility joint venture Jera forecasts its profit will more than triple over six years, after its parent firms merge their thermal power generation assets and LNG import infrastructure in April 2019. Jera, which is equally owned by utilities Tokyo Electric Power (Tepco) and Chubu Electric Power, says its profit will increase to around ￥200bn ($1.9bn) in the 2025-26 fiscal year ending 31 March, compared with a forecast ￥60bn in 2019- 20. The sharp rise in profit is attributed to synergies through the merger, as well as continuing efforts to increase thermal fuel import and trading operations and expand overseas power businesses.
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