TOKYO:

* JERA Co, Japan's biggest power generation company, plans to increase its renewable energy investment to 5 gigawatts (GW) of capacity by 2025, up from 650 megawatts now and an increase over an earlier target of 3 GW, it said on Tuesday

* JERA aims to spend 70 percent of its investment budget for the next seven years on renewable energy and liquefied natural gas (LNG), it said

* JERA will also consider phasing out inefficient coal-fired power plants

* The company, the world's biggest buyer of LNG, aims to buy and sell 35 million tonnes of the fuel a year by 2025

* JERA announced its investment plans after assuming control of the power assets of stakeholders Tepco Electric Power and Chubu Electric Power