Local News

Kyushu Electric Posts 166.3 Billion Yen Loss

Kyushu Electric Power revealed that it had suffered a loss of 166.3 billion yen for the year ended March 2012, down from a profit of 28.72 billion yen the previous year. This was attributed to the delay in restarting the idled nuclear reactors and the additional fuel costs for operating their thermal power plants. The costs associated with the idled nuclear reactors runs to several billion yen per day, and it is still not known when they will resume operation.

Category
General
Published: May 3, 2012 / Last Updated: May 8, 2012

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