Tokyo Electric Power Co. is considering spending about ¥2.67 trillion on strategic investments through partnerships as it seeks to chart a path to growth beyond the Fukushima No. 1 nuclear plant disaster.
Of the planned investments, the utility plans to borrow ¥2 trillion in fresh loans from lenders, Tepco President Naomi Hirose, 60, said in a recent interview in Tokyo. The utility will make loan requests to banks as soon as possible, Hirose said, declining to specify a time frame.
"For the sake of Fukushima's reconstruction, we have to seek growth," Hirose said Saturday, three days after the company released the latest plan to turn itself around after almost three years marked by mounting losses, scares over radioactive groundwater, rod removal and continuing cleanup efforts.