Kansai Electric Power Co. plans to generate up to 504.9 billion yen (approximately $3.3 billion) through a share sale, as stated in a filing to Japan's finance ministry.

The majority of the funds will be used to support the company's decarbonization initiatives, with around 239.9 billion yen allocated for these efforts by March 2029.

The investment will primarily focus on upgrading equipment at key facilities, such as the Nanko Power Station, the Okutataragi Pumped Storage Power Station, and the Takahama Nuclear Power Plant.

This demonstrates Kansai Electric's dedication to improving operational efficiency and reducing its carbon footprint in alignment with global sustainability objectives.