Don't miss

Replay


LATEST SHOWS

ENCORE!

Jean-Michel Jarre: Breathing new life into 'Oxygène'

Read more

FOCUS

Park's presidency hanging by thin thread

Read more

TALKING EUROPE

Ukraine’s ex-prime minister: ‘Ukraine protects EU borders’

Read more

ACCESS ASIA

Karoshi crisis: The Japanese employees who work themselves to death

Read more

IN THE PAPERS

US President-elect Donald Trump sparks controversy with his 'improvised diplomacy'

Read more

IN THE PAPERS

Can Valls 'reconcile' the divided left?

Read more

EYE ON AFRICA

Government forces close to recapturing Libyan IS group stronghold of Sirte

Read more

BUSINESS DAILY

South Korea's business conglomerates face corruption accusations

Read more

MEDIAWATCH

Can Manuel Valls unite the left ahead of 2017?

Read more

Asia-pacific

Fukushima operator to post $8.95 billion in net losses

Text by News Wires

Latest update : 2012-02-13

The operator of Japan's Fukushima Daiichi nuclear plant said Monday it expects to post an $8.95 billion net annual shortfall due to costs and compensation payments related to last year’s crisis. Tokyo has promised the firm a similar amount in aid.

AFP - TEPCO, the operator of the crippled Fukushima Daiichi nuclear plant on Japan's northeast coast, said Monday it expects to post a net loss of $8.95 billion in the year to March.

The company said its shortfall would be 695 billion yen, in a year during which it has faced massive costs to deal with reactor meltdowns, as well as increased imports of thermal fuels to make up for a nuclear power shortfall.

The group net loss forecast is worse than a previous prediction for a 600 billion yen shortfall and reflects an increase in projected compensation payouts to those affected by the world's worst atomic disaster in a generation.

Earlier Monday, Tokyo said it had approved a fresh 690 billion in aid for TEPCO to help it meet compensation claims.
 

Date created : 2012-02-13

  • JAPAN

    Inadequate response exacerbated Fukushima crisis, probe finds

    Read more

  • JAPAN

    Japan declares 'cold shutdown' at Fukushima

    Read more

COMMENT(S)