NTT to Invest 600 B. Yen in Electricity Biz over 6 Years

Economy

Tokyo, Nov. 12 (Jiji Press)--Nippon Telegraph and Telephone Corp. <9432> said Tuesday it will invest a total of 600 billion yen in its electricity business through a subsidiary over the six years through fiscal 2025.

The major Japanese telecommunications carrier will spend about 100 billion yen annually from fiscal 2020, while seeking cooperation with electric power companies.

NTT will install lithium-ion storage batteries in some 7,300 buildings it owns across Japan. Electricity to be produced by the battery systems will be used to keep its telecommunications infrastructure running in the event of power outages caused by disasters and will also be provided to disaster shelters.

The company will also promote the construction of solar and wind power generation facilities.

In addition, NTT will switch all of its some 10,000 company cars to electric vehicles by fiscal 2030. Batteries in the electric vehicles will also be used to provide electricity in times of disasters.

[Copyright The Jiji Press, Ltd.]

Jiji Press