Asia Bizz: Mitsubishi Electric Corp. will build power transformer in the US, a massive investment by the Japanese company in the West. The building of transformers was finalized due to the surge in power demand and also the dire need to replace the old ones. Japan has been closely working with the US in its power sector.
There is also a huge demand to replace the power grid facilities with new ones, due its performance and age they are unable to bring out sufficient generation of electricity. As per the schedule, the first plant will come up in Memphis and its operations should commence in the year 2013.
The United States of America is a huge energy consumer and as there is a need in replacement of its older grids and construction of new power stations, the country is also investing heavily in Nuclear Power generation. America is seeking to find a better alternative to the conventional form of energy, so nuclear power is the best choice.