Cooperation Agreement Signed with Russian Grids for Modernization and Stabilization of Transmission and Distribution Network

Tokyo, June 20, 2013 --- Hitachi, Ltd. (TSE:6501) today announced that it has signed a scientific and technological cooperation agreement (“cooperation agreement”) with Russian electric power transmission and distribution company Russian Grids for technical cooperation on the modernization and stabilization of electric power distribution infrastructure. As a first project, Hitachi will work with Russian Grids on investigating specific measures aimed at enhancing the efficiency and reliability of transmission and distribution networks in the Republic of Buryatia, one of the republics of the Russian Federation. This project includes the study of substation equipment upgrades, improvements to the energy efficiency of substation buildings, and installations of grid stabilization systems designed to support renewable energy. The cooperation agreement was signed today at the Saint Petersburg International Economic Forum 2013, hosted by President Vladimir Putin of the Russian Federation.