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TOKYO/LONDON: Tokyo Electric Power Co, the world's most indebted utility, has lost 1.93 trillion yen (100 yen = RM3.78) in market value as creditors snap up contracts to protect against default following the worst nuclear disaster since Chernobyl.
Shares in Tokyo Electric, or Tepco, have plunged 57 per cent in three days, as it battles to prevent a nuclear catastrophe at its earthquake-damaged Fukushima Dai-Ichi plant. The cost of insuring the company's debt against default has surged almost ninefold since March 11 earthquake on concern it will be harder to service net borrowings of US$88 billion (US$1 = RM3.06), more than any utility worldwide, according to data compiled by Bloomberg.
"There is no bottom in sight," said Satoshi Yuzaki, Tokyo-based head of the market information department at Takagi Securities Co. "Nobody knows when or if the plants in Fukushima will ever restart. There's a possibility that they will have to deal with liability issues as well."
Tepco's nuclear generating capacity will be held back for years, forcing the company to build new stations and generate power from more costly fossil fuel plants, Moody's Investors Service Ltd said in a note to investors.
Read more: Tepco loses 1.93t yen in market value www.btimes.com.my...
Originally posted by Procharmo
He also has bought the CEO of Areva Anne Lauvergeon with him.
Originally posted by ressiv
smoke above fukujima 2...
firefighters say... no fire ...but something curios going on in the installation...........
Originally posted by TheRedneck
reply to post by Black Sheep
It would leave a thermal signature, but based on what was between the camera and the corium it might be distorted quite a bit. Thermal sensors measure the same basic thing video cameras do, only at longer wavelengths. A video camera can be thwarted by an opaque object in the way, and a thermal imager can be thwarted by a thermally opaque object.
Due to the extreme amount of heat, we should see something at least, but probably not see what was happening clearly.
Nobody knows when or if the plants in Fukushima will ever restart.