TEPCO Renewable Power, Incorporated acquired 25% stake in PT Kencana Energi Lestari Tbk (IDX:KEEN) on February 15, 2022. Going forward, through KEL, TEPCO RP will apply our know-how of operation and maintenance technology that we have cultivated over many years through our hydroelectric power business in Japan to the operation of hydroelectric power plants operated by subsidiaries of KEL. Ernst & Young Transaction Advisory Services Co. Ltd. acted as financial advisor and due diligence provider to TEPCO Renewable Power, Incorporated.

TEPCO Renewable Power, Incorporated completed the acquisition of 25% stake in PT Kencana Energi Lestari Tbk (IDX:KEEN) on February 15, 2022.