TOKYO, March 27 (Reuters) - Japan's biggest power generator JERA and France's EDF said on Thursday they would merge their power trading operations in Japan under the umbrella of their Singapore-based fuel trading joint venture JERA Global Markets starting on April 1.

The companies said they aimed to enhance efficiency and expand trading in Japan's growing power market by leveraging their combined expertise.

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JERA and EDF unit EDF Trading had already integrated their fuel trading operations under JERA Global Markets, which is 66.7% owned by JERA, with the remaining stake held by EDF Trading.

The companies said they were seeking to strengthen governance and risk management systems by incorporating Japanese power trading into their existing fuel trading operations.

https://www.reuters.com/business/energy/jera-edf-merge-japan-power-trading-operations-under-singapore-based-jv-2025-03-27/