TEPCO to Participate in Coc San Hydropower Plant in Vietnam

Tokyo Electric Power Company Holdings, Inc. (TEPCO) has acquired 36.38% of the shares in Viet Hydro Pte. Ltd. (Viet Hydro), the majority shareholder of Lao Cai Renewable Energy Joint Stock Company (Lao Cai Renewable Energy), from InfraCo Asia Development Pte. Ltd. (InfraCo Asia), a company of the Private Infrastructure Development Group (PIDG), for the purpose of participating in the 29.7 MW Coc San Hydropower Plant in Lao Cai Province, Vietnam.

TEPCO has been working to turn renewable energy into one of its primary energy sources to increase the company’s corporate value. The company is newly pursuing the development of hydropower overseas and offshore wind power both in Japan and overseas. The company aims eventually to develop a total capacity of two to three million kilowatts of hydropower.

Coc San Hydropower Plant has been operating stably since launching commercial operations in April 2016, supported by a 20-year power purchase agreement with Northern Power Corporation, a power distributing subsidiary of Vietnam Electricity. Going forward, TEPCO expects to leverage its knowhow and experience from Japan to strengthen Coc San’s profitability through increased efficiency.

TEPCO will continue exploring opportunities to participate in other hydropower projects, mainly in Southeast Asia, and develop its overseas business by partnering with companies in Japan and overseas.