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MarketScreener Homepage  >  Equities  >  Tokyo  >  Tokyo Electric Power Company Holding Inc    9501   JP3585800000

TOKYO ELECTRIC POWER COMPANY HOLDING INC (9501)
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Tokyo Electric Power : World's largest nuke plant gets initial approval to restart

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10/04/2017 | 12:05pm CEST

TOKYO, Oct 4 (KUNA) -- Two reactors at the world's biggest nuclear power plant operated by the utility blamed for safety lapses in the 2011 Fukushima radiation crisis received an initial safety approval on Wednesday to resume operations. The approval for the Kashiwazaki-Kariwa nuclear power plant in central Japan marks Tokyo Electric Power Co.'s (TEPCO) first idled reactors to clear new and stricter safety assessments. At its meeting on Wednesday, the NRA unanimously approved a draft certificate at its meeting that the No. 6 and No. 7 reactors at the plant on the Sea of Japan coast have passed stricter safety standards, the nuclear watchdog said. But TEPCO, an operator of the tsunami-crippled Fukushima Daiichi nuclear plant, still needs to obtain the consent of local communities and the industry minister before the final go-ahead. The facility is the world's largest nuclear power plant with a combined output capacity of 8.2 million kilowatts. The government introduced tough new safety requirements for nuclear power plants in July 2013, which were adopted based on lessons from the Fukushima disaster. Under the new standards, nuclear power plant operators are obliged to take concrete steps to prepare for radiation leaks in case of severe accidents, such as huge tsunami and reactor core meltdowns. The power companies are also required to install an emergency control center to guard against acts of terrorism and natural disasters. Life of nuclear reactors shall be limited to 40 years in principle, with an extension of up to 20 years allowed if safety is confirmed. TEPCO's Fukushima plant, located 230 km north of Tokyo, was crippled in March 2011 by the magnitude-9 earthquake and tsunami that caused explosions, meltdowns and massive leaks of radioactive material as the world's worst nuclear accident since the 1986 Chernobyl catastrophe. (end) mk.gta

(c) All KUNA right are reserved 2017. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials (JPY)
Sales 2019 6 081 B
EBIT 2019 -
Net income 2019 236 B
Debt 2019 5 040 B
Yield 2019 -
P/E ratio 2019 3,34
P/E ratio 2020 3,08
EV / Sales 2019 0,97x
EV / Sales 2020 0,82x
Capitalization 865 B
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Mean consensus HOLD
Number of Analysts 4
Average target price 437  JPY
Spread / Average Target -19%
EPS Revisions
Managers
NameTitle
Tomoaki Kobayakawa Executive President & Director
Takashi Kawamura Chairman
Naomi Hirose Executive Vice Chairman
Hideko Kunii Independent Director
Keita Nishiyama Director & Head-Corporate Planning
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