The Okinawa Electric Power Company, Incorporated supplies electricity to Okinawa's main island and 37 surrounding islands. Coal and oil-fired power plants are its main sources of energy. The company is expanding into LNG power generation.
Sector
Electric Power & Gas
The Okinawa Electric Power Company, Incorporated primarily focuses on the electric power business. It also engages in construction and other businesses to complement and support its electric power operations and effectively utilize management resources. In its electric power business, the company supplies electricity to Okinawa's main island and surrounding remote islands, and is expanding LNG power generation in addition to its main coal and oil-fired power plants. Other business activities include real estate and information and communication services. The company was established in 1972 when Okinawa was returned to Japan. It joined Japan's nine-region electric power system, creating a ten-region structure where one company monopolizes power transmission and distribution within each region. While Japan's electric power policy has gradually liberalized power generation since 1995 and retail electricity since 2000, with full liberalization in 2016, the regional monopoly system for power transmission and distribution is still maintained. The Okinawa Electric Power Company continues to maintain a high market share in the electric power business within its region.