The incoming president of Tokyo Electric Power Company Holdings Inc. has expressed eagerness to accelerate moves for tie-ups with other companies in an effort to revive its business following the meltdowns at its Fukushima No. 1 nuclear complex in 2011.

"Capital strength is important to seriously embark on growth businesses," Tomoaki Kobayakawa, the head of Tokyo Energy Partner Inc., Tepco's electricity retail arm, said in a recent interview. The 53-year-old is set to assume the post of president on June 23.

His remarks were in line with Tepco's new business turnaround plan announced on March 22, in which it said it aims to realign and integrate its nuclear and power transmission and distribution businesses with other utilities to improve profitability.