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Press Release (Oct 15,2010)
Establishment of "International Nuclear Energy Development of Japan Co., Ltd." - A New Company Promoting Overseas Nuclear Power Projects -
                                                        October 15, 2010

      Hokkaido Electric Power Co., Inc. /Tohoku Electric Power Co., Inc.
      The Tokyo Electric Power Co., Inc. /Chubu Electric Power Co., Inc.
    Hokuriku Electric Power Company /The Kansai Electric Power Co., Inc.
  The Chugoku Electric Power Co., Inc. /Shikoku Electric Power Co., Inc.
                    Kyushu Electric Power Co., Inc. /Toshiba Corporation
                        Hitachi, Ltd. /Mitsubishi Heavy Industries, Ltd.
                                 Innovation Network Corporation of Japan

On October 22nd, a consortium of thirteen Japanese companies comprising, 
Hokkaido Electric Power Co., Inc., Tohoku Electric Power Co., Inc., The 
Tokyo Electric Power Co., Inc., Chubu Electric Power Co., Inc., Hokuriku 
Electric Power Company, The Kansai Electric Power Co., Inc., The Chugoku 
Electric Power Co., Inc., Shikoku Electric Power Co., Inc., Kyushu 
Electric Power Co., Inc., Toshiba Corporation, Hitachi, Ltd., Mitsubishi 
Heavy Industries, Ltd. and Innovation Network Corporation of Japan will 
join hands to establish "International Nuclear Energy Development of 
Japan Co., Ltd. (JINED)". 

JINED will be engaged in activities leading to the creation of proposals 
to support nuclear power plant projects in the emerging countries. Under 
legislative and financing support from the Japanese Government, JINED 
intends to submit these public-private proposals as a comprehensive 
package that will contribute to the introduction of safe and reliable 
nuclear power plants for the countries and allow the dissemination of 
Japanese technologies and know-how, such seasoned experience includes 
actual power plant construction, O&M and human resources development.

Currently, JINED in collaboration with the Ministry of Economy, Trade and 
Industry of Japan(METI) and other entities is aiming to win nuclear power 
plant project orders in Ninh Thuan province, Vietnam. In order to fulfill 
Vietnam's own needs and requests, JINED is creating concrete plans for 
power plant construction and human resources development. 

JINED will be established with two hundred million yen of equity capital, 
including one hundred million yen of capital reserve. Mr. Ichiro Takekuro, 
Fellow of The Tokyo Electric Power Company Co., Inc., is to assume the 
Presidency (CEO) of JINED. 
attached sheet: Profile /JINED at a Glance (PDF 116KB) 
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