The bankruptcy of Westinghouse Electric Co may be a blow to Toshiba Corp’s international nuclear ambitions, but the Japanese conglomerate still has a profitable business at home. Toshiba, whose businesses range from memory chips to rail, is at the heart of Japan’s atomic industry. While this has been moribund since the 2011 Fukushima disaster, Japan still has dozens of reactors that need to be maintained and supplied with parts and fuel once operating. Toshiba is also involved in the Fukushima clean-up. The cost of decommissioning the wrecked Fukushima Daiichi facility alone is estimated by the Japanese government at 8 trillion yen ($71 billion). Some experts have predicted the process could take as long as a century.
Reuters 31st March 2017 read more »