July 21, 2017 3:43 AM ET

Electrical Equipment

Company Overview of J-Power Systems Corporation

Company Overview

J-Power Systems Corporation is engaged in the research, design, development, manufacture, installation, and export of electric power cables and accessories, overhead power transmission lines, and related systems. It offers overhead aluminum wires and conductors, submarine cables, fluid-filled cables, XLPE cables, power distribution wires and cables, power transmission and distribution accessories, accessories for power cables, and monitor and control systems for power lines. The company was founded in 2001 and is based in Tokyo, Japan with additional offices in Hong Kong; Singapore; Bangkok, Thailand; Kuwait; and Dubai, United Arab Emirates. J-Power Systems Corporation operates as a subsidia...

Sumitomo Fudosan Motoakasaka Building. 6F

1-5-12 Motoakasaka

Minato-ku

Tokyo,  107-0051

Japan

Founded in 2001

Phone:

81 3 6406 2792

Fax:

81 3 6406 4044

Key Executives for J-Power Systems Corporation

President and Director
Senior Executive Managing Director and Director
Executive Managing Director and Director
Executive Officer
Vice President and Director
Compensation as of Fiscal Year 2017.

J-Power Systems Corporation Key Developments

Mitsubishi Corporation, J-Power Systems Corporation, and Ceylex Engineering (Pvt.) Ltd. Receives Contract to Install Habarana-Veyangoda Power Lines in Sri Lanka

Mitsubishi Corporation, J-Power Systems Corporation, and Ceylex Engineering (Pvt.) Ltd. has been awarded the contract to run overhead electricity transmission cables between the cities of Habarana and Veyangoda in Sri Lanka. The cables will be supplied by Mitsubishi Corporation and J-Power Systems Corporation while Ceylex will be in charge of supply for the remaining equipment as well as installation and construction works. The project is expected to reach completion around October 2019 at a cost of some ¥6 billion and is being financed through a yen loan secured by Ceylon Electricity Board (CEB). Energy efficiency in Sri Lanka is currently a matter of concern given the electricity network's aging infrastructure and the rates of electricity loss during transmission, extremely high when compared with other countries in Asia,. The power lines will be installed in an important corridor in the island's power grid, running form the city of Habarana in north central Sri Lanka to Veyangoda on the outskirts of the capital. It is also the first set of low-loss high-capacity cables to be run in Sri Lanka. Developed in Japan, this kind of transmission cables is highly rated, equipped to reduce electricity loss during transmission by about 20-25% per annum, when compared to conventional cables, thereby also contributing to a reduction in CO2 emissions. Through this project, Mitsubishi Corporation is hoping to make a contribution to Sri Lanka's efforts to secure a stable supply of electricity and to the country's overall economic development. The move is also consistent with Japanese government initiatives aimed at increasing the export of high-quality infrastructure.

Mitsubishi Corporation, J-Power Systems Corporation and LTL Projects (Pvt.) Ltd. Receive Contract by the Ceylon Electricity Board for the Installation of Underground Transmission and Distribution Cables in the Greater Colombo Region of Sri Lanka

Mitsubishi Corporation, together with J-Power Systems Corporation (JPS, 100% subsidiary of Sumitomo Electric Industries Ltd.) and LTL Projects (Pvt.) Ltd. (LTL) of Sri Lanka, has been awarded a contract by the Ceylon Electricity Board (CEB) for the installation of underground transmission and distribution cables in the Greater Colombo region of Sri Lanka. MC and JPS will supply the underground transmission cables, while LTL will be in charge of supplying ancillary equipment and installation. The project, which receives some of its financing under a Japanese ODA loan, will cost approximately JPY 7.5 billion and is scheduled for completion in May 2018. Electricity demand in Sri Lanka is expected to see an annual increase of around 7% in the coming years, a reflection of the country's 7% per annum GDP growth rate. The Greater Colombo area, the island's financial center and capital region, is in a particularly critical situation. Not only is an already insufficient power supply failing to keep up with rapidly increasing demand, but the rate of electricity loss during transmission due to the aging of current transmission infrastructure is also extremely high when compared with other countries in Asia. This project is therefore considered to be a major step towards addressing an urgent crisis and is viewed as an essential part of the effort to secure a stable supply of electricity to Greater Colombo. Through this project, MC will be seeking to contribute not only to the stable supply of electricity in Sri Lanka, but also to the country's overall economic growth, while at the same time proactively seeking to expand its involvement in electricity-related businesses across Asia.

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