​TEPCO POWER GRID INC INKS AGREEMENT OVER PROJECT FOR IMPROVEMENT OF POWER UTILITY MANAGEMENT OF ELE

KUALA LUMPUR, Sept 27 (Bernama) -- TEPCO Power Grid Inc recently formed a joint venture with three companies, including Tokyo Electric Power Services Co Ltd and World Business Associates Co Ltd, that signed an agreement with Japan International Cooperation Agency (JICA) over the Project for Improvement of Power Utility Management of Electricite du Laos.

In 2020, the Government of Laos decided to break off the transmission division of Electricite Du Laos (EDL) and establish the Electricite Du Laos Transmission Company Ltd (EDL-T) for the purpose of handling power transmission both within and outside of Laos.

In conjunction with the establishment of EDL-T, selling its high-voltage transmission division and creating company strategies and business plans in this new business environment have become pressing issues as it negotiates power sales contracts with neighboring countries, manages consigned transmission based upon transmission agreements and strengthens its distribution business.

The company must also address such issues as the creation and implementation of financing/investment plans for optimally managing domestic supply and power interchange with neighbouring countries within a new electric rate structure, the improvement of management efficiency, and the creation of structures to train human resources needed to accomplish these tasks.

Each of the companies in the joint enterprise shall leverage their strengths, such as consulting and experience in the electricity industry both within and outside of Japan, experience as financial advisers, and consulting experience pertaining to management and human resource development.

This is to help EDL strengthen its management structure and capabilities so that it can address on its own the various issues it faces, according to a statement.

The TEPCO Group will continue to cooperate as a JICA ‘Laos Power Policy Advisor’ (2020~) and as part of the JICA ‘Project for Power Quality Improvement through Upgrading Grid Code and Strengthening its Enforcement System’ (2021~) as it contributes to the development of Laos’ power sector.

-- BERNAMA