Don't miss

Replay


LATEST SHOWS

THE DEBATE

Europe’s Blame Game: finger pointing continues as Calais migrant crisis worsens (part 2)

Read more

THE DEBATE

Europe’s Blame Game: finger pointing continues as Calais migrant crisis worsens (part 1)

Read more

PEOPLE & PROFIT

Gold prices: no longer a safe haven?

Read more

FOCUS

Secular bloggers live in fear after spate of killings

Read more

ENCORE!

The art of resistance, from Gaza to Lebanon via Timbuktu

Read more

IN THE PAPERS

'Close down Calais until the French get a grip'

Read more

IN THE PAPERS

Europe's new 'Iron Curtain'

Read more

INSIDE THE AMERICAS

US gun laws criticised after fresh shootings

Read more

BUSINESS DAILY

Half of global internet users are on Facebook

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)