SoftBank Group (SBG) has signed a joint Memorandum of Understanding (MOU) with power transmission company State Grid Corporation of China (SGCC), Korea Electric Power (KEPCO), and Russia's energy grid PJSC Rosseti on a framework to cooperate on research and planning to promote an interconnected electric power grid spanning Northeast Asia.
Based on this MOU, the four companies will start feasibility studies on multinational power grid interconnection in the Northeast Asia region and jointly conduct business evaluation studies. The four companies will then request relevant governments to support and form business structures to realize the proposed plan.
SBG, SGCC, KEPCO and ROSSETI will cooperate to realize and promote global power grid interconnection in Northeast Asia.