Key Developments: Chubu Electric Power Co Inc (9502.T)
13 Mar 2014
Latest Key Developments (Source: Significant Developments)
Dow Jones reported that three of Japan's banks have agreed on a plan to provide Chubu Electric Power Company, Inc. a total of JPY252 billion in financing in the current fiscal year ending in March 2013, the Asahi Shimbun reported. Of the amount, the Bank of Tokyo-Mitsubishi UFJ, Mizuho Corporate Bank and Sumitomo Mitsui Banking Corp. already provided Y63 billion in loans to the utility at the end of June. Chubu Electric requested the funds to help it pay for the extra costs of fuel for thermal power generation following the closure of its Hamaoaka nuclear plant last year over safety concerns. Including loans from other banks, the utility is looking to secure more than Y600 billion in financing this fiscal year. Full Article
TOKYO, Feb 27 - Japan's Osaka Gas Co and Chubu Electric Power Co said on Thursday each plans to invest about $600 million for individual stakes of 25 percent in a gas export facility at the Freeport LNG gas project in Texas.