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"First Contract under Green Power Certification System"
- JNEC agrees with 20 corporate customers to sign a contract for 25.5 million kWh/year. -

5 April 2001
Japan Natural Energy Company Limited

              Since its establishment in November 2000, Japan Natural Energy Company has been promoting a Green Power Certification System, the first program in Japan for contracting power generation using renewable energy, to provide corporate customers with a new measure for environmental protection. Up to the end of last March, JNEC, a Tokyo's Minato Ward-based company led by Takeshi Syouda as president, agreed with 20 corporate customers to conclude the first contract under the system for generating 25.5 million kWh of electricity a year by wind power over a period of 15 years. The electric energy to be produced on the contract is equivalent to power consumption by some 7,000 general households.

              JNEC has also agreed with three wind power plants to sign a 15-year contract under which the plant operators will offer a combined total capacity of 23,550 kW as subcontractors. This arrangement provides additional capability for JNEC to continue soliciting new contracts from other prospective customers.

              Under these contracts, JNEC will begin next summer to issue Certificates of Green Power to the participating corporate customers based on the record of electricity generated on their respective contracts so that they will be able to use the certificates to verify the results of their efforts for energy conservation and environmental protection. The customers will also be able to use Certificate of Green Power marks to widely publicize their corporate effort for increasing use of renewable energy sources among the general public.

              JNEC requests corporate customers to sign a long-term contract extending over 15 years, with consideration given to the service life of wind power generation facilities. We believe that their decision to accept such long-term contracts proves a strong need among corporations for energy conservation and environmental protection measures, their strong support for the promotion of "green power," and the potential size of green power market in Japan.

              To meet customers' requirements, JNEC will continue to further increase demand for green power service while taking positive steps jointly with customers toward the diffusion of renewable energy through the deepening and expansion of the Green Power Certification System, including a proposal for official assessment of actualized contract awards for green power generation mainly under the Energy Conservation and Recycling Support Law, in a bid to attain a total green power capacity of 1 million kW in the years ahead.

For further details, please call:
Mr. Yasunori Yamanaka at +81-3-5777-5731
Japan Natural Energy Company Limited
Tsukasa Bldg. 2F, 6-2, Nishi Shinbashi 3-chome, Minato-ku, Tokyo



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(Annex)

"Corporate Customers Participating in 1st Contract
under Green Power Certification System"

Names of companiesAnual contract power
SONY CORP.4.5 million kWh
Seiko Epson Corporation2.0 million kWh
TOYOTA MOTOR CORP2.0 million kWh
ASAHI BREWERIES, LTD.1.0 million kWh
Eisai Co., Ltd.1.0 million kWh
HAZAMA CORP.1.0 million kWh
Hitachi, Ltd.1.0 million kWh
KANDENKO CO., LTD.1.0 million kWh
MAEDA CORP.1.0 million kWh
Mitsubishi Estate Co., Ltd.1.0 million kWh
Mitsubishi Heavy Industries Co., Ltd.1.0 million kWh
Mitsui & Co., Ltd.1.0 million kWh
Nihon Unisys, Ltd.1.0 million kWh
RICOH CO., LTD.1.0 million kWh
Sumitomo Corporation1.0 million kWh
Sumitomo Metal Industries, Ltd.1.0 million kWh
Sumitomo Mitsui Banking Corp.1.0 million kWh
Tokio Marine & Fire Insurance Co., Ltd. 1.0 million kWh
Tokyo Electric Power Co.1.0 million kWh
Tokyo Gas Co., Ltd.1.0 million kWh
Total25.5 million kWh

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"Wind Power Stations under Subcontract with JNEC"

[Plants scheduled to start up operation in FY2001]
Choshi-Byobugaura Wind Development Co.,Ltd.
(President: Masayuki Tsukawaki; head office: Choshi, Chiba Pref.)
Choshi-Byobugaura Wind Power Station: 1,500 kW (1,500 kW x 1 unit)
(Scheduled to start up commercial operation in August 2001)

Tohoku Natural Energy Development Co.,Ltd.
(President: Masao Yabuki; head office: Sendai, Miyagi Pref.)
Noshiro Wind Power Station: 14,400 kW (600 kW x 24 units)
(Scheduled to start up commercial operation in December 2001)

[Plants scheduled to start up operation in FY2002]
TOYOTA TSUSHO CORPORATION
(President: Hiroshi Senwa: head office: Nagoya, Aichi Pref.)
Matsuo Bridge Co., Ltd.
(President: Ryozo Hirata; Head office: Osaka)
Minami Towada Wind Power Station: 7,650 kW (850 kW x 9 units)
(Scheduled to start up commercial operation in October 2002)

Note: The total capacity under subcontract with Choshi-Byobugaura Wind
Power Station will be used to meet electricity demand on contract from Sony Corp.

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