Latest news with #TokyoElectricPower
CNA
9 hours ago
- Business
- CNA
JERA, Woodside Energy agree on supply deal during winter months
TOKYO :Japan's biggest power generator, JERA, and Australia's Woodside Energy have signed a deal for Woodside to supply JERA with liquefied natural gas during the winter months, the companies said on Friday. The Heads of Agreement was signed at the LNG Producer-Consumer Conference held in Tokyo. Under the deal, Woodside will supply about 200,000 metric tons of LNG annually during the December to February period, starting in fiscal year 2027, according to a JERA spokesperson. JERA, jointly owned by Tokyo Electric Power and Chubu Electric Power, is Japan's largest LNG buyer.
Reuters
9 hours ago
- Business
- Reuters
JERA, Woodside Energy agree on supply deal during winter months
TOKYO, June 20 (Reuters) - Japan's biggest power generator, JERA, and Australia's Woodside Energy ( opens new tab have signed a deal for Woodside to supply JERA with liquefied natural gas during the winter months, the companies said on Friday. The Heads of Agreement was signed at the LNG Producer-Consumer Conference held in Tokyo. Under the deal, Woodside will supply about 200,000 metric tons of LNG annually during the December to February period, starting in fiscal year 2027, according to a JERA spokesperson. JERA, jointly owned by Tokyo Electric Power (9501.T), opens new tab and Chubu Electric Power (9502.T), opens new tab, is Japan's largest LNG buyer.
Japan Times
11 hours ago
- Business
- Japan Times
¥1.9 trillion over five years eyed for 2011 tsunami reconstruction
Japan adopted a new basic policy on Friday for reconstruction after the March 2011 earthquake and tsunami, expecting projects worth ¥1.9 trillion for the next five years from fiscal 2026. The amount tops ¥1.6 trillion for the five years through fiscal 2025, which ends in March. Under the basic policy, the government will tackle such issues as the final disposal of soil removed during radiation decontamination after the nuclear accident at Tokyo Electric Power Company Holdings' Fukushima No. 1 power plant. The government will also promote the return of evacuees to their homes in areas affected by the radiation from the nuclear accident. "With a strong determination to resolve problems for reconstruction within the next five years, all the cabinet members will accelerate reconstruction efforts further, staying considerate to those in affected areas," Prime Minister Shigeru Ishiba told a meeting of the government's council for reconstruction from the disaster. The basic policy calls for studying the idea of allowing forest management and some other activities in areas where entry is heavily restricted due to the radiation from the nuclear accident. The government will also promote the use of soil collected during decontamination work in public works projects and continue to financially support disaster-affected municipalities with special grants. Of the ¥1.9 trillion projected for the next five years, ¥1.6 trillion will go to reconstruction efforts in Fukushima Prefecture, devastated by the Tepco accident on top of the quake and tsunami. The tsunami-hit prefectures of Iwate and Miyagi will each secure some ¥100 billion.
Japan Times
2 days ago
- Business
- Japan Times
Tepco to cut household electricity bills in July
Tokyo Electric Power Company Holdings is expected to lower its electricity rate for a standard household by ¥616 from the previous month to ¥8,236 in July, people familiar with the matter said Wednesday. The reduction is largely as a result of subsidies that the Japanese government plans to provide for three months starting next month to lower electricity and city gas bills in an effort to mitigate the impact of higher prices on households. Nine other major power suppliers and four major city gas providers in Japan are also likely to considerably reduce their rates. The government will pay subsidies of ¥2 per kilowatt-hour of electricity in July and September, and ¥2.4 in August, when power consumption usually grows because of more people using air conditioners. For city gas, the government will spend ¥8 per cubic meter in July and September and ¥10 in August. Tepco assumes that a standard household consumes 260 kilowatt-hours of electricity a month. The company expects the subsidies to lower the bill for a standard household by ¥520 in July. Its July rates will also reflect lower costs for coal and liquefied natural gas that are used for power generation.
Washington Post
06-06-2025
- Business
- Washington Post
Japanese court rejects damage claims against utility executives over Fukushima disaster
TOKYO — A Japanese court ruled former executives at the utility managing the tsunami-wrecked Fukushima Daiichi nuclear power plant were not accountable for the 2011 meltdown crisis and do not need to pay damages to the company. The Tokyo High Court ruling on Friday reversed a lower court decision in 2022 ordering four former executives of the Tokyo Electric Power Company Holdings to pay 13 trillion yen ($90 billion) to the company, saying they had failed to take the utmost safety precautions despite knowing the risks of a serious accident in a major tsunami.
