|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's range||2.9100 - 2.9550|
|52-week range||2.4500 - 4.2000|
|Beta (5Y monthly)||0.32|
|PE ratio (TTM)||8.98|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
Japanese utility Chubu Electric Power Co Inc said on Tuesday it will buy a 20% stake in Vietnamese renewable energy firm Bitexco Power Corp for an undisclosed sum, to gain a foothold in the growing market and expand its portfolio of green energy. The move comes a day after its joint venture with Tokyo Electric Power Company Holdings Inc, JERA, said it will invest $1.58 billion to take a 27% stake in Aboitiz Power Corp in the Philippines to boost its presence in the country where power demand is growing. "Our goal is to expand our overseas business by tapping into the growth of Vietnam's electricity market while contributing to the decarbonisation of Vietnam," Akihide Ito, general manager at Chubu Electric, told a news conference.
Japanese nuclear regulators said Wednesday that the world's largest nuclear power plant, owned by the utility behind the Fukushima nuclear crisis, will not restart anytime soon due to serious holes in the anti-terrorism measures found at the facility. The Nuclear Regulation Authority at its weekly meeting decided to suspend further safety inspection and other processes for a restart of the No. 7 reactor at the Kashiwazaki-Kariwa nuclear power plant on the northern Japanese coast in Niigata prefecture.
Shares of Tokyo Electric Power (Tepco) fell the most in eight years on Wednesday after Japan's atomic regulator found safety breaches at its Kashiwazaki Kariwa station and a government minister said the plant will not restart soon. Tepco shares had surged in recent months on hopes it would be able to restart Kashiwazaki Kariwa, the world's biggest nuclear power station, after years of trying to convince regulators and local residents it had learnt the lessons of the Fukushima disaster 10n years ago. Regulators used their most serious evaluation - known as a red evaluation - of Tepco's breaches that included failure to protect nuclear materials.