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Tokyo Electric set to receive $5.9bn financing in Octobe...
2013-09-30 09:14:57| Energy - Topix.net
TOKYO: Creditors of Tokyo Electric Power Co are set to provide some $5.9 billion in financing to the embattled utility by the end of the year, offering a lifeline to the company struggling to contain the disaster at its crippled Fukushima facility, a person involved in the talks told Reuters on Monday.
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Tokyo Electric set to receive $5.9 billion financing: source
2013-09-30 03:02:00| Climate Ark Climate Change & Global Warming Newsfeed
Reuters: Creditors are set to provide $5.9 billion in financing to Tokyo Electric Power Co (Tepco), a person involved in the talks told Reuters on Monday, offering a lifeline to the embattled owner of the crippled Fukushima nuclear plant. Tepco's major banks are prepared to provide 500 billion yen ($5.09 billion) in financing in December - 200 billion yen in loan rollovers and 300 billion yen in new financing - said the person, who has been involved in financing talks as a representative of one of the...
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Tokyo Electric sees profit without rate hike: paper
2013-09-29 09:03:00| Climate Ark Climate Change & Global Warming Newsfeed
Reuters: Tokyo Electric Power Co, the operator of the crippled Fukushima plant, will likely turn a profit for the first time in three years in the current business year, without raising electricity rates or restarting reactors, its president was quoted as saying on Sunday. Naomi Hirose's remarks in the Asahi Shimbun daily come after the utility on Friday applied to restart its Kashiwazaki Kariwa nuclear plant in northwestern Japan, a key step in its planned recovery plan from the Fukushima disaster. "There...
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Tokyo Electric gets green light to seek Kashiwazaki Kariwa restart
2013-09-26 09:46:00| Climate Ark Climate Change & Global Warming Newsfeed
Reuters: Tokyo Electric Power Co took an initial step forward on Thursday in its plan to recover from the Fukushima nuclear disaster by winning approval from a previously reluctant local governor to apply to restart a plant in western Japan. Getting the green light to seek safety approval for the Kashiwazaki Kariwa facility, the world's largest nuclear plant, is a core element of the utility's turnaround plan as it struggles to contain contaminated water at the wrecked Fukushima plant. All of Japan's...
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Applied Materials to Buy Tokyo Electron for $9.39 Billion After Chip Slump
2013-09-24 14:24:11| Electronics - Topix.net
Applied Materials Inc. , the largest supplier of chipmaking equipment, agreed to pay $9.39 billion in stock for rival Tokyo Electron Ltd. and plans to cut costs amid a slump in demand for semiconductors.
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