Tokyo Electric Power Co (Tepco) and Toshiba are working together to manage power grids in Cambodia, hoping to secure a new earnings source as the utility grapples with the clean-up costs of Fukushima.
Toshiba has warned that it is facing annual losses of over £7 billion, and the future of the company is in doubt as a result of financial difficulties at its nuclear power plant construction business.
The financial crisis at Toshiba has put the planned new nuclear plant at Moorside, Cumbria, UK in doubt.
Japan’s Toshiba has announced that it will book a $6.3 billion hit to its US nuclear unit, a writedown that wipes out its shareholder equity, and leaves the group scrambling for capital.