Tepco may sell 20pc in wind power unit
Monday, 24 October 2011
TOKYO, Oct 23 (Business standard): Tokyo Electric Power Company (Tepco) is likely to sell a 20 per cent stake in wind power developer Eurus Energy Holdings to trading firm Toyota Tsusho to help raise funds to compensate victims of Japan's nuclear crisis, a newspaper said Sunday.
Tepco, the owner of the crippled Fukushima Daiichi nuclear plant, is expected to sell the stake for a little less than 20 billion yen ($262 million), which will be used for compensation, the Nikkei business daily reported.