UPDATE 1-Japan's TEPCO to enter hydrogen fuel business with JXTG

(Recasts with announcements)

TOKYO, March 22 (Reuters) - Japan’s Tokyo Electric Power Company Holdings (TEPCO) and JXTG Holdings said on Friday they would build one of the world’s biggest hydrogen stations in Tokyo by mid-2020, marking the entry of TEPCO to hydrogen fuel business.

TEPCO Fuel & Power, an affiliate of TEPCO, and JXTG Energy, a unit of JXTG, will construct the hydrogen station, with a capacity of 600 normal cubic meters per hour, at TEPCO’s dormant thermal power plant in Tokyo, before the Tokyo 2020 Olympic and Paralympic Games.

JERA Co, a fuel joint venture between TEPCO and Chubu Electric Power, will take over the hydrogen business next month as the two large Japanese utility parents are set to integrate their domestic thermal power generation businesses under JERA in April.

The Nikkei business daily reported in its online edition earlier on Friday that JERA would enter the hydrogen fuel business, with plans to build a production site by mid-2020.

The hydrogen station will supply fuel to fuel cell vehicles and fuel cell buses. (Reporting by Chang-Ran Kim, Yuka Obayashi; Editing by Subhranshu Sahu)