Tokyo Electric Power Company Holdings Inc. will form a consortium with industry peers to integrate their power grid operations in the early 2020s, officials have said. The officials disclosed the idea at a meeting Wednesday of an expert panel set up by the industry ministry that discusses reform measures for Tepco, which is struggling as it faces massive costs related to the March 2011 triple meltdowns at its Fukushima No. 1 power station in Fukushima Prefecture. The reform measures, to be finalized next week, will be reflected in a revised Tepco rehabilitation plan to be launched as early as January by the power firm and its government-backed supporter, Nuclear Damage Compensation and Decommissioning Facilitation Corp. In its draft reform measures, the panel said Tepco will cover ¥16 trillion of nuclear disaster-related costs, now predicted to reach ¥21.5 trillion in total, about double the previous estimate.
Japan Times 16th Dec 2016 read more »