As Tokyo Electric Power Company Holdings, Inc. moves ahead with an external capital partnership, talks are running behind the initial schedule, with negotiations over the costs of handling the Fukushima Daiichi Nuclear Power Station becoming a key issue. Even after the government approved the restructuring plan, the schedule called for due diligence to be completed and a final decision reached by year-end, but the likelihood of delays is increasing.
Tokyo Electric Power Company Holdings, Inc. is considering an external capital partnership as a central pillar of its restructuring, but talks are progressing more slowly than expected. The groups reportedly participating in the negotiations include US investment funds, Japanese partners and related divisions of SoftBank Group.
According to multiple parties familiar with the matter, negotiations over the costs of handling the Fukushima Daiichi Nuclear Power Station have run into difficulties, making it difficult to submit the proposals that were requested by the end of September. The government and TEPCO had expected to complete due diligence and decide on a partner by year-end, but the overall schedule may be delayed.