April 29, 2010, 6:52 p.m. EDT
By Tokyo Bureau
TOKYO (MarketWatch) -- The Japanese government and three major power companies will set up a firm to sell the country's nuclear power technology overseas, the Asahi Shimbun reported Thursday.
Tokyo Electric Power Co. (9501.TO), Chubu Electric Power Co. (9502.TO), Kansai Electric Power Co. (9503.TO) and the Japanese government will each invest Y100 million in the company, which could be established this fall, the report said.
Toshiba Corp.(6502.TO), Mitsubishi Heavy Industries Ltd. (7011.TO) and Hitachi Ltd. (6501.TO) are also considering investing in the venture, the report said.
Source: http://www.marketwatch.com/story/japan-power-firms-reportedly-plan-nuclear-venture-2010-04-29
By Tokyo Bureau
TOKYO (MarketWatch) -- The Japanese government and three major power companies will set up a firm to sell the country's nuclear power technology overseas, the Asahi Shimbun reported Thursday.
Tokyo Electric Power Co. (9501.TO), Chubu Electric Power Co. (9502.TO), Kansai Electric Power Co. (9503.TO) and the Japanese government will each invest Y100 million in the company, which could be established this fall, the report said.
Toshiba Corp.(6502.TO), Mitsubishi Heavy Industries Ltd. (7011.TO) and Hitachi Ltd. (6501.TO) are also considering investing in the venture, the report said.
Source: http://www.marketwatch.com/story/japan-power-firms-reportedly-plan-nuclear-venture-2010-04-29
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