“Urasoe Smart City Infrastructures Development Co., Ltd.” is responsible for the planning and management of investment in social infrastructure development businesses to create a sustainable town – a Smart City – in Urasoe city. “Urasoe Distributed Energy Co., Ltd.” will be established as a subsidiary to take the lead of the smart city business operations.
On 2 August 2016, Urasoe city funded the establishment of Urasoe Smart City Infrastructure Development Co., Ltd. Furthermore, with Urasoe City and Okinawa Development Finance Corp. as the main constituents, we have also accepted capital funding from local financial institutions to ensure we implement a fair and neutral management structure, as well as strengthen our ability to finance this highly public social infrastructure development business.
As our first smart city infrastructure development business, we established Urasoe Distributed Energy Co., Ltd. on 20 December 2016 – a company that is dedicated to distributed energy business around the Tedako Ura Nishi Station area.
Following the opening of Okinawa city Monorail’s Tedako Ura Nishi station, we will be supplying eco-friendly electricity, heat and cooling systems, and hot springs to the various entities and facilities in the area, thereby contributing to the Japanese government’s CO2 emission reduction target. In addition, we will also be providing cost efficient energy to domestic households in the area.
|Registered name||Urasoe Smart City Infrastructures Development Co., Ltd.|
|Establishment||2 August 2016|
|Capital||225 million JPY(Capital Reserve: 225 million JPY)|
The Okinawa Development Finance Corp.
Bank of The Ryukyus, Ltd.
The Bank of Okinawa, Ltd.
The Okinawa Kaiho Bank, Ltd.
|Representative Director||Chiemi Ooshiro: President, Representative Director, Investment management in charge|
|Directors||Takeshi Miyagi: Administration management in charge
Tetsuji Shiroma: Finance in charge
|Address||17-11, 4 Chome, Jicchaku, Urasoe, Okinawa Prefecture|
Urasoe Smart City Infrastructures Development Co., Ltd.
TEL: +81 (0)98-894-8962
FAX: +81 (0)98-894-8963