The U.S. utilities that are clients of Toshiba Corp's nuclear power plant construction subsidiary, Westinghouse Electric Co LLC, have hired advisers to prepare for its potential bankruptcy, according to people familiar with the matter.
Westinghouse Electric Co LLC, the nuclear power plant developer owned by Japanese electronics company Toshiba Corp, is taking offers for a financing package to help it go through U.S. bankruptcy, people familiar with the matter said on Monday.
TOKYO A court in Japan on Friday ruled that Tokyo Electric Power (Tepco) and the government are liable for negligence in a case involving compensation for the Fukushima nuclear disaster, the first time the judiciary has ruled the state has liability, Japanese media reported.
SINGAPORE Japan's Toshiba Corp, presenting its plan to sustain the firm after a $6.3 billion writedown, identified a "Rebuilt Toshiba" as a maker of components and machinery that will exclude its once-core memory chips arm and problematic nuclear power business.
NAMIE, Fukushima Beyond radiation risks, an unexpected nuisance looms for Japanese returning to towns vacated after the Fukushima nuclear crisis six years ago - wild boars. | Video
PINGTUNG, Taiwan On Pingtung jail's sunlit roof, prisoner no. 24 has a view of a brighter future. Ex-cop Chen, serving time for bribery, is learning how to install solar panels in a programme that's part of Taiwan's shimmering vision of a future without nuclear power.
SHANGHAI A senior Chinese nuclear power executive has said the country needs to accelerate the construction of new nuclear power plants if it is to meet targets to boost its use of nuclear energy, lower pollution and cut reliance on traditional fuel sources.
LONDON The future of Britain's new Moorside nuclear plant was thrown into doubt on Tuesday after Japan's Toshiba Corp, which is developing the project with France's Engie, said it planned to pull out of the construction work.
PARIS A fire caused an explosion at the Flamanville nuclear power plant in northwest France on Thursday, leading the operator EDF to take a reactor offline, but there was no risk to the reactor, EDF and a local official said on Thursday. | Video
LONDON/TOKYO Toshiba Corp plans to withdraw from its lead role in projects to build nuclear plants in Britain and India, sources with direct knowledge of the matter said, marking a retreat as it wrestles with an imminent multi-billion dollar writedown.