Japanese Tepco Power Grid (TEPCO) officially became a shareholder in DEEP C Green Energy (DCGE), a company established under the DEEP C Industrial Zones umbrella, according to a signing ceremony held on Thursday at the Belgian Embassy in Tokyo.

Since 1997, DEEP C has been successfully developing 3,400ha of state-of-the-art industrial parks and ready-built-factories in northern Hai Phong City and Quang Ninh Provinces.

Two years ago, pushed by the mission of providing its tenants with highly reliable and stable power, DEEP C saw the need to establish a company focusing solely on power, being DCGE.

In addition to distribution power, DCGE started exploring new ventures in producing its own electricity from wind, solar and waste-to-energy.

TEPCO, the largest energy producer and distributor in Japan, recently expressed the ambition to expand its power grid business for the first time outside of Japan.

The partnership with DEEP C in Viet Nam marks the company’s first milestone of expansion abroad.

The company, which was founded in 1951 in Tokyo, will share experience in enhancing the power infrastructure standards, improving operation efficiencies and installation of the renewable energy farms.

Tenants in the DEEP C Industrial Zone benefit from various advantages such as the strategic location (being adjacent to the deep water port of Lach Huyen and directly connected to the new highway network), the best tax package commonly available in Viet Nam and reliable utility provisions such as power, water, wastewater treatment and telecom.

Being an ideal investment location for companies form various sectors such as automotive, petrochemicals, supporting industries and logistics, the DEEP C cluster is home to more than 90 international projects with the likes of Bridgestone (Japan), Chevron (USA), Knauf (Germany), and Pyeong Hwa Automotive (South Korea). — VNS