Japan Companies to Start Overseas Nuclear Business, Asahi Says By Makiko Kitamura

Japan Companies to Start Overseas Nuclear Business, Asahi Says

By Makiko Kitamura

April 29 (Bloomberg) -- The Japanese government and three utilities including Tokyo Electric Power Co. will establish a nuclear power company for overseas business, the Asahi newspaper reported today.

A government-owned fund, Tokyo Electric, Kansai Electric Power Co. and Chubu Electric Power Co. will invest 100 million yen ($1.06 million) in the company to export Japanese technology for building and operating nuclear power plants, the Asahi newspaper said, without saying where it obtained the information.

Toshiba Corp., Hitachi Ltd. and Mitsubishi Heavy Industries Ltd. are also considering investing in the company, which may be established as early as September, Asahi said.


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