• Kyodo


Tokyo Electric Power Co. may sell some of its thermal power plants and shelve plans to build new ones to cover the massive compensation payments arising from the Fukushima nuclear crisis, sources said Wednesday.

Tepco also plans to slash expenditures by an additional ¥100 billion through such efforts as soliciting voluntary retirements among long-serving employees on large salaries. As a result, the cost-cutting plan through fiscal 2020 would increase to ¥2.65 trillion in total.

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