Japan-based Mitsubishi Electric Corporation has established a company in Beijing to provide energy-system sales, engineering and related services.
The new company is named Mitsubishi Electric Power & Electrical Infrastructure Systems (Beijing) Company Ltd., and it will start operating in December 2013. The company plans to open branches in Shanghai and Guangzhou.
MEPIC, an offshoot of the energy system division of Mitsubishi Electric & Electronics (Shanghai) Company Ltd., will operate under Mitsubishi Electric (China) Company Ltd., Mitsubishi Electric’s regional corporate office and investment company in China. It is expected to upgrade Mitsubishi Electric's energy-system business in China with stronger customer sales, increased cooperation with Chinese partners, including exports, expanded repair and maintenance services, and entry into new businesses, such as smart grids.
China is forecast to surpass North America with the world's largest power generation capacity by 2020. Demand for power-generation facilities is expected to remain strong, given that it is a top priority both in the current and subsequent five-year Chinese government plans.