TEPCO Invests in Tomen's Wind Power Unit

June 26, 2002 by Jeff Shepard

Tokyo Electric Power Co. (TEPCO, Japan) announced that it has provisionally agreed with Tomen Corp. (Japan) to take a 50-percent stake in the trading company's wind power unit for about 10 billion yen ($82.55 million). A final agreement is due to be signed in August 2002. With the deal, TEPCO aims to boost its wind-power generation operations to prepare for tougher restrictions on carbon-dioxide emissions in Japan.