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TEPCO and MHPS Sign Basic Business Partnership Agreement for Higher Efficiency Thermal Power Plants
-- First Alliance between Japanese Power Company and Plant Manufacturer to Support Thermal Power Plant Operations --

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TEPCO Fuel & Power, Inc. ("TEPCO FP") and Mitsubishi Hitachi Power Systems, Ltd. ("MHPS") today announced they have signed a basic agreement to jointly develop new business to improve efficiency for domestic and overseas thermal power plants. The business partnership will provide combined package offerings of Operation & Maintenance (O&M) solutions and thermal equipment service solutions. This alliance between a utility TEPCO FP and a plant manufacturer MHPS marks the pioneer launch, first of its kind in Japan.

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Mitsubishi Heavy Industries (MHI) Group is one of the world’s leading industrial groups, spanning energy, smart infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge technology with deep experience to deliver innovative, integrated solutions that help to realize a carbon neutral world, improve the quality of life and ensure a safer world. For more information, please visit www.mhi.com or follow our insights and stories on spectra.mhi.com.

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