March 30, 2020 / 6:25 AM / in 2 months

TEPCO to book special loss of $3.25 billion on removal of fuel debris in financial year 2019/20

FILE PHOTO: Logo of the Tokyo Electric Power Co Holdings (TEPCO) is seen on helmets at TEPCO's South Yokohama Thermal Power Station in Yokohama, Japan July 18, 2017. REUTERS/Issei Kato

TOKYO (Reuters) - Tokyo Electric Power Company Holdings Inc (9501.T) said on Monday it will book a special loss of 350 billion yen ($3.25 billion) linked to some costs for removing fuel debris from its Fukushima nuclear power plants in the year ending March.

It also predicted a net profit of 79 billion yen for the current financial year.

Reporting by Yuka Obayashi

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