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Beleaguered Tokyo Electric Power Co, owner of the Fukushima power plant, will be taken over by the Japanese government after a $12.5bn bailout was approved today.
British temporary power supplier, Aggreko says a major contract with Tepco, after Fukushima boosted the company’s performance in 2011.
Tokyo Electric Power Co. is in discussions with banks and life insurance companies to borrow as much as 1.07 trillion yen ($13.3 billion).
The Japanese government is threatening to withhold a $12.9bn financial rescue of Tokyo Electric Power, owner of Fukushima Daiichi nuclear power station, unless the struggling utility allows itself to be nationalised.
The Fukushima nuclear power plant in Japan has leaked more than 600 liters of water, forcing it to briefly suspend cooling operations at a spent-fuel pond at the weekend, but none is thought to have escaped into the ocean, the plant's operator and domestic media said.
The Japanese government is set to launch a $13bn bail-out of the owner of its stricken Fukushima nuclear power plant.
The boss at Japan’s Fukushima nuclear power plant is to step down this week due to ill health.
An industry body for Japan's steelmakers, the nation's biggest electricity users, urged the early restart of nuclear power plants this week, worried that potential power cuts and higher electricity charges will further squeeze a sector already reeling from the strong yen.
Tokyo Electric Power Co's are planning a joint venture with Nippon Steel Corp to test start a new combined-cycle gas-fired unit in April and help Japan's biggest utility avoid a power shortage next summer.
Shares of Tokyo Electric Power Company (Tepco) fell on the Tokyo Stock Exchange in response to fears that the utility provider may be nationalised, reports the BBC.
