Tepco May Spend 2.67 Trillion Yen as Growth Path Charted
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Tokyo Electric Power Co., operator of the crisis-ridden Fukushima Dai-Ichi nuclear power plant, is considering spending about 2.67 trillion yen ($25.6 billion) on strategic investments through partnerships as it seeks to chart a path to growth beyond the Fukushima disaster.
Of the planned investments, the utility known as Tepco plans to borrow 2 trillion yen in fresh loans from lenders, President Naomi Hirose, 60, said in an interview in Tokyo on Jan. 18. The utility will make loan requests to banks as soon as possible, Hirose said, declining to specify a timeframe.