TEPCO completed the acquisition of a 25% stake in PT Kencana Energi Lestari for $28m.

TEPCO, an electricity retailer company, completed the acquisition of a 25% stake in PT Kencana Energi Lestari, a renewable energy company, for $28m. "Kencana Energi Lestari develop and supply energy from renewable sources and we have started on a journey to develop hydropower. Going forward, we will expand our field of business to develop other renewable energy sources. We believe our business should contribute to maintaining a sustainable society in the present and future. Our business success is dependent upon our fulfillment of our environmental and social responsibilities, firm governance, the creation of lasting benefits for society, environmental conservation, and the achievement of our purpose as a company: to deliver power of good," Henry Maknawi, Kencana Energi Lestari President.