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information about Fukushima published in English in Japanese media info publiée en anglais dans la presse japonaise

28 billion dollars investment plan for TEPCO

December 5,  2013

 

 

 

TEPCO prepares $28 billion investment plan

http://www3.nhk.or.jp/nhkworld/english/news/20131205_26.html

 

Tokyo Electric Power Company is planning to spend about 28 billion dollars over 10 years to improve its business performance.

The utility needs to increase profits in the wake of the Fukushima Daiichi nuclear disaster to pay for the plant's decommissioning and compensate those affected.

The firm's new investment plan says it will rebuild and modernize thermal power plants more than 40 years old, mainly in the Tokyo Bay area.

The utility hopes to raise the thermal plants' efficiency, as it is expected to have to reduce its dependence on nuclear power.

And it plans to build facilities to handle shale gas imported from North America. The low-priced gas is expected to cut costs.

TEPCO will also invest in overseas gas development projects.

The investment plan is to be finalized this month.

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