Tokyo Electric Power Company Holdings, Inc. (TEPCO HD) has recently signed a framework agreement pertaining to technical cooperation with the Republic of Palau’s Ministry of Finance, Ministry of Public Infrastructure and Industries, and Palau Public Utilities Corporation.
The agreement serves to further strengthen the cooperative relationship between the four parties and enable synergies aimed at creating carbon neutral societies in both countries. Under its terms, ‘personnel will be dispatched to contribute to the development of a sustainable power industry,’ and the parties will engage in ‘a joint project aimed at optimizing power grid management in conjunction with the installation of renewable energies,’ etc.
The Joint Action Plan formulated during the 10th Pacific Islands Leaders Meeting (PALM10) held from July 16-18, 2024 calls for, ‘a strengthening of cooperation in clean energy transition to reduce the financial burden of diesel dependence through installation of renewable energies such as solar power, etc.,’ and ‘cooperation in the development of quality infrastructure such as electricity, etc.’ The agreement is therefore in line with this plan.
