Tokyo, Japan --- (METERING.COM) --- September 6, 2013 - Tokyo Electric Power Company, Inc. and Toshiba have established a joint venture to undertake the engineering support, operation and service business of power transmission and distribution (T&D) systems in markets globally.
The new company, T. T. Network Infrastructure Japan Corporation, integrates Toshiba's technologies in power transformation and power grid solutions with TEPCO's know-how in grid planning, system design, operation and maintenance. It will provide comprehensive T&D solutions in a wide range of markets, from advanced nations to emerging economies, including India and countries in Southeast Asia and Latin America.
T. T. Network Infrastructure Japan will provide engineering support for overseas T&D infrastructure projects, initially those promoted by Toshiba. The company will develop a new, community-based business model, offering solutions proposals from consulting and system supply through to construction, operation and maintenance.
TEPCO is seeking to build up its knowledge of overseas T&D projects by providing the new company with expertise in planning, operation and maintenance of T&D facilities. Toshiba anticipates the venture will allow it to promote new services derived from information from smart meters, and to expand its smart meter related business overseas.
Recently TEPCO selected Toshiba as a system integrator in the construction of a smart meter communication system linking 27 million households.
T. T. Network Infrastructure Japan is held 14.9% by TEPCO and 85.1% by Toshiba.