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4-Traders Homepage  >  Equities  >  Tokyo  >  Tokyo Electric Power Company Holding Inc    9501   JP3585800000

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Tokyo Electric Power : Taipower to make final decision on gas generator rental plan by mid-Oct.

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09/22/2016 | 09:11am CEST

State-run Taiwan Power Co. (Taipower) is evaluating a proposal over whether to spend NT$9.5 billion (US$302 million) to rent gas generators from Tokyo Electric Power Co. Holdings, Inc. for two years, with a final decision to be made by mid-October, Taipower President Chung Bin-li said Wednesday.

Chung made the comment in the wake of a proposal unveiled recently by Minister of Economic Affairs Lee Chih-kung as a measure to stave off a power crisis has attracted criticism from the opposition People First Party (PFP) legislative caucus.

PFP caucus convener Lee Hung-chun said that renting gas generators from Japan can only help offset a small portion of national electricity shortage after the first and second nuclear power plants are decommissioned in November and June next year, respectively, but it requires rental expenses as high as NT$9.5 billion for two years.

Also, PFP Legislator Chen Yi-chieh said that the number can be translated into a rise of NT$413 in power prices for each power user per year.

In response, Chung said that Taipower is making a feasibility evaluation for the proposal to decide whether to rent or buy the generators.

However, Lee said that Taipower has previously said it had no plans to rent the generators from Japan because they are unfit for use. He said Taipower's explanation shows that the government does not take seriously the responsibility of managing taxpayers' money.

© Pakistan Press International, source Asianet-Pakistan

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Financials ( JPY)
Sales 2017 5 386 047 M
EBIT 2017 -
Net income 2017 173 802 M
Debt 2017 4 993 619 M
Yield 2017 -
P/E ratio 2017 4,76
P/E ratio 2018 5,68
EV / Sales 2017 1,06x
EV / Sales 2018 0,98x
Capitalization 692 625 M
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Mean consensus OUTPERFORM
Number of Analysts 4
Average target price 620  JPY
Spread / Average Target 44%
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NameTitle
Naomi Hirose Executive President & Representative Director
Fumio Sudo Chairman
Makoto Takahashi IR Contact, Manager-Accounting & Finance Group
Hiroshi Yamaguchi Executive Vice President, Head-Technology & Safety
Toshihiro Sano Representative Director & Executive Vice President
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