TEPCO may sell thermal plants

• 12 years ago (2011-12-07)
• David Flin

Africa 306 Asia 860 Australasia 51 Biomass 8 Climate change 20 Coal 282 Cogeneration 1 Concentrating solar 5 Cyber security 8 Decarbonisation 1 Decentralised energy 5 Demand side management 2 Demand side response 2 Digitalisation 10 Distributed energy 10 Distribution 113 Electric vehicles EVs 4 Emissions 61 Energy management 1 Equipment 2 Europe 1068 Gas 379 Gas engine plant 62 Gas fuel 2 Horizon 2 Hydroelectric 17 Hydrogen 56 Hydropower 116 Latin America 77 Maintenance 3 Marine 1 Metering 2 microgrid 5 Middle East 317 North America 1004 Nuclear 643 Offshore wind 119 Oil 18 Operations 4 Policy 8 Regulations 3 Renewables 757 smart grid 2 Solar 250 Storage 40 substation 8 Tepco 2 Tidal 2 Toshiba 4 Transmission 181 US Senate Washington 4 Wind 240

---

The Yomiuri newspaper has reported that Tokyo Electric Power Corporation (TEPCO) may sell some of its thermal power plants to raise funds for compensation payments after the Fukushima disaster. It said that TEPCO will decide which plants will be sold by the end of March 2012. Yomiuri said TEPCO will buy electricity from IPPs through tenders after the sale.

According to an estimate by a government panel, TEPCO may have to pay at least $58 billion compensation to those affected by the Fukushima disaster.

According to a business plan released by TEPCO in November, the utility plans to sell assets worth $9 billion to raise funds for the compensation payment. At the time, TEPCO said it may also sell power generation assets. TEPCO said that it is not planning to sell generation assets immediately because currently it has insufficient capacity, but that it may consider the sales in the medium and long term.