Asia's Largest Utility Tokyo Electric a laggard in Renewables to invest a Whopping 2.5 Trillion yen in Low Carbon Energy

Tokyo Electric Power is Asia’s Largest Utility and the 4th Largest in the World responsible for generating almost 1/3rd of Japan’s Electricity Requirements.The Company operates around 200 Plants mostly in Japan consisting of a mix of Nuclear,Gas,Hydro and Thermal.It also has an estimated 8 GW of Pumped Hydro Storage Capacity making it one of the Largest Energy Storage Companies as well.TEPCO as the Company is popularly took a loss  for the first time in 28  Years when it was forced to shut down a Nuclear Plant in North Japan after an Earthquake.The Company has been a huge laggard in the field of Green Energy with only 1 Wind Farm of 0.5 MW size compared to its total portfolio size of 62 GW.The company has 17 GW of Nuclear Energy out of which 8 GW is currently shut down.The company’s low presence in Wind and Solar Assets is quite strange given Japan’s strong commitment to reduce emission of GHGs.The Company proposes to increase it shares of Green Energy Sources to 50% from current 30% by 2020.Most of its international expansion would take place in the fast growing economies of India and China.$30 Billion would be invested by the company according to its new long term plan out of which around 40% would be invested outside Japan

Tokyo Electric is planning to increase purchase Uranium and LNG Assets as Asian Countries hungrily gobble up Energy Assets.China,India and South Korea have been leading the charge buying up Oil and Gas Assets at an incredible clip around the world.TEPCO plans to buy upto 50% of its Uranium needs from internal purchases as well raising LNG purchases.Japan lost out to South Korea in Economic Diplomacy when it lost out on Lucrative Nuclear Power Plant Contracts in UAE.It is now jostling with USA and China for building Nuclear Power in Vietnam.TEPCO is a leading member of Japanese Consortiums in international bidding

TEPCO to boost renewable energy, overseas business – Reuters

Tokyo Electric Power Co (TEPCO) (9501.T: Quote), Asia’s biggest utility, is gearing up for clean energy business and power operations in Asia, faced with rising pressure to cut greenhouse gas emissions and shrinking demand at home.

Under a business plan unveiled on Monday, TEPCO said it will generate more than half of its power from non-fossil fuel sources in 10 years, up from one-third now, with investment of 2.5 trillion yen ($30 billion) on low-carbon projects such as nuclear power plants, liquid natural gas plants and on development of smart grid.

It will also invest up to 1 trillion yen mainly on overseas operations, such as in China, India.