Tepco Looks Overseas as Shakeup, Competition Loom at Home
- Company president sees business opportunity in emerging world
- Population decline, usage cuts cause electricity use to fall
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Tokyo Electric Power Co. is seeking to expand operations abroad to diversify amid a power market shakeup at home.
Japan’s biggest utility faces a fully liberalized power market from April and the prospect of new entrants encroaching on its base of about 29 million customers. Tepco, as the utility is known, expects to make up for lost customers by expanding into Japan’s other regions and considering opportunities abroad, according to President Naomi Hirose.