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We'll always have Cannes: World's most famous film festival turns 70 (part 2)

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THE DEBATE

We'll always have Cannes: World's most famous film festival turns 70 (part 1)

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ENCORE!

Cannes 2017: Sofia Coppola returns with fraught thriller 'The Beguiled'

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Meeting 'cultural activist' and soprano Dima Bawab

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Spain's Doñana National Park is dying of thirst

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THE POLITICAL BRIEF

French labour reform: Macron's first push to fix the economy

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The perilous journey from Libya to Italy, told by a migrant; and capoeira for former child soldiers in central Africa

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Manchester 'united' in its defiance against terrorism

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THE DEBATE

Manchester attack: What reponse after latest act of terror? (part 2)

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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

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