TOKYO ELECTRIC POWER COMPANY HOLDINGS, INC.

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Delayed Japan Exchange  -  02:00 2022-08-15 am EDT
490.00 JPY   -1.80%
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Japan's JERA says it shut down a 500 MW power plant due to fire

07/03/2022 | 02:57am EDT
Japan's biggest power generator JERA prepares for restart of some aged units, in Chiba

TOKYO (Reuters) - A fire caused Japan's biggest power generator JERA to shut down a 500 megawatt (MW) unit at its Chiba thermal power station near Tokyo on Saturday, raising fears of an electricity crunch as a prolonged heatwave keeps demand at high levels.

The fire broke out around noon on Saturday near the steam valve of one of the three turbines at the No.3 unit of the gas-fired combined-cycle power station, JERA said on Saturday. The fire was extinguished about an hour later, it added.

JERA, a joint venture between Tokyo Electric Power and Chubu Electric Power, was checking all equipment at the unit which had the fire and would announce the timing of the restart when it is set, JERA said in a statement.

Japan's industry ministry has said energy supplies are expected to remain tight during the peak summer season, asking households and businesses to conserve electricity.

Authorities had issued a daily warning for a possible power shortages from Monday through Thursday last week as the country suffered its worst June heat since record-keeping began 147 years ago.

Any further unexpected disruptions in power generation may prompt similar warnings again.

On Sunday, central Tokyo hit its ninth straight day of temperatures above 35 degrees Celsius (95 degrees Fahrenheit), marking the longest streak since record-keeping began in 1875, according to Kyodo news agency.

(Reporting by Yuka Obayashi; Editing by Lincoln Feast)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
CHUBU ELECTRIC POWER CO., INC -0.07% 1394 Delayed Quote.15.10%
TOKYO ELECTRIC POWER COMPANY HOLDINGS, INC. -1.80% 490 Delayed Quote.68.01%
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Financials
Sales 2023 5 845 B 43 745 M 43 745 M
Net income 2023 103 B 767 M 767 M
Net Debt 2023 - - -
P/E ratio 2023 5,19x
Yield 2023 -
Capitalization 799 B 5 984 M 5 984 M
Capi. / Sales 2023 0,14x
Capi. / Sales 2024 0,14x
Nbr of Employees 37 939
Free-Float 92,7%
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Number of Analysts 3
Last Close Price 499,00 JPY
Average target price 343,33 JPY
Spread / Average Target -31,2%
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Managers and Directors
Tomoaki Kobayakawa Executive President & Director
Yoshimitsu Kobayashi Chairman
Hideko Kunii Independent Director
Hideo Takaura Independent Outside Director
Shigeo Ohyagi Independent Outside Director
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