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Tepco, Toshiba to manage power grids in Cambodia

The Fukushima plant operator looks overseas for new revenues

Economic growth is boosting electricity demand in Cambodia.

TOKYO -- Tokyo Electric Power Co. Holdings will team with Toshiba to manage power grids in Cambodia, hoping to secure a new earnings source as the utility grapples with soaring cleanup costs for the Fukushima nuclear plant disaster.

T.T. Network Infrastructure Japan, a joint venture between Tepco and Toshiba, has signed a memorandum of understanding with a Malaysian company handling power transmission in Cambodia. The venture will operate and maintain 130km of 230,000-volt transmission lines that will connect power plants in northern Cambodia to the capital, Phnom Penh.

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