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Investment: July 29, 2019
We jointly hold full ownership of Electricity North West ("ENW") in partnership with the Spanish energy major Iberdrola and a Japanese consortium comprising Kansai Electric Power Co., Ltd. and us. ENW is a major electricity distribution network operator serving the Manchester region in the United Kingdom.
Key Points of the Investment
ENW is a regulated power distribution company that operates exclusively in the Manchester region, where stable cash flow is anticipated due to various regulations enforced by the administrator. Through our involvement in this project, we aim to gain knowledge in regulated businesses in preparation for the separation of power transmission and distribution in Japan.
Industry Perspectives and Future Actions
In the United Kingdom, the shift to EVs is underway, reflecting a growing focus on environmental issues. As the government promotes heat pumps, the demand for electricity is expected to continue growing. We anticipate that the knowledge gained from this investment will support our future involvement in this area both in Japan and overseas, given that similar regulations are often implemented in other countries within the power distribution industry.
