The Tokyo Electric Power Company, Incorporated ("TEPCO") hereby announces through 
this groundbreaking ceremony, the implementation of a mini-hydro power project 
effective as of today which will contribute to conserving the "Rice Terraces of 
the Philippine Cordilleras" (the Rice Terraces), a designated UNESCO World Heritage 
Site.

Located on the northern part of Philippine Luzon Island and developed for more than 
2000 years, the Rice Terraces were officially declared a UNESCO World Heritage Site 
in 1995. Unfortunately, due to the recent mobility of human resources and loss of 
expertise, the Rice Terraces were chosen to be inscribed in the 2001 List of World 
Heritages in Danger.

In response to these circumstances, TEPCO took decisive action to preserve the World 
Heritage Site by contributing our technical know-how in the area of hydro plant 
maintenance and operation. Specifically, as part of e8* activities, TEPCO will build 
and donate a new 200 kW mini-hydropower for the local people. The electricity generated 
will be sold to the local power supplier thereafter, the amount of electricity sales 
remaining after the deduction of operation and maintenance costs will be earmarked for 
preserving the Rice Terraces. The project is scheduled to be completed with commercial 
operations by the end of 2009 or early 2010.

Leveraging our acquired technical expertise, TEPCO, as an e8 member company, will help 
to continuously develop sustainable energy growth as well as to support the technical 
transfer of mini-hydro plant construction and operation in developing countries.

*e8 - A nonprofit organization composed of 10 leading electric power companies from 
the G8 countries, with a mission to promote sustainable development through electricity 
sector projects and human capacity building activities in developing countries worldwide.