Press Release
Conclusion of Basic Agreement concerning Transfer and Takeover of Assets, etc. related to the Hydroelectric Power Business of Mie Prefecture Public Utilities Agency
August 02, 2011
Chubu Electric Power Co.,Inc.
Chubu Electric Power Company has today (August 02) concluded an Agreement concerning Basic Items in relation to the Transfer and Takeover of Assets, etc. related to the Hydroelectric Power Business of the Mie Prefecture Public Utilities Agency (hereafter referred to as "Basic Agreement") with Mie Prefecture, and offered a letter of confirmation concerning the company's contribution to the region.
Expectations towards renewable energies are increasing, and we believe that in taking over the hydroelectric power business operated by the Mie Prefecture Public Utilities Agency, our operation and maintenance management technologies and integrated management in tandem with downstream power stations will enable us to ensure the efficient operation of these hydroelectric facilities.
We will continue to use our experience in hydroelectric generation and our facility maintenance system to the maximum extent, striving to ensure stable operation of hydroelectric generation as a renewable power source, with safety as our top priority.
[Reference]
Concerning Decision to Take Over Assets, etc. related to Hydroelectric Power Business of Mie Prefecture Public Utilities Agency(Reported July 29, 2011)