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30 June 2003 - Tokyo Electric Power Co and Tomen Corp plan to invest 130-40bn yen ($1.09-1.17bn) to boost the capacity of their wind power generation operations by 2005, the Nihon Keizai newspaper said on Monday.
Eurus Energy Holdings Corp, jointly owned by TEPCO, Japan's biggest electric power utility, and trading house Tomen, will set up wind power generators in Japan, the United States and Europe, the paper said.
The investment would boost Eurus's wind power generation capacity by 130 per cent to 1.6 million kilowatts, it said.
Officials from TEPCO and Tomen were not immediately available for comment.
The investment would come against a background of brisk global demand for environmentally friendly power generation.
Wind-generated power produced 31 million kilowatts of electricity worldwide in 2002, but with forecast annual growth of more than 10 percent, some analysts see the market growing to 83 million kilowatts by 2007, the paper said.
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