Tokyo Electric Power Co (TEPCO) is setting up a joint venture this month to help promote wind power generation in Japan. The venture will be called Japan Natural Energy Co and ten further companies will be co-investors. It will solicit financial contributions from environmentally minded companies and provide support to companies and organisations that are involved in the development of wind power. TEPCO will own 51% of the venture, capitalised at ´300 million. Sumitomo Corp and Mitsui & Co will each own 10%. The remaining partners are Japan Wind Development Co, five regional electric companies in addition to TEPCO, and Sakura Bank.
Have you registered with us yet?
Register now to enjoy more articles and free email bulletins.