Major chemical and textile maker Teijin Ltd. said Thursday it will scrap a feasibility study with a Delaware company on selling power in Japan due to the failure of the U.S. firm's parent, Enron Corp.
Teijin said it will look for new partners to build a 70,000-kw coal-powered thermal power plant in Matsuyama, Ehime Prefecture.
The Osaka-based company announced in late October the launch of the feasibility study with E Power Holdings. They were to examine building the plant to supply energy to a Teijin factory there and selling excess power to outside customers.