Tepco Chair Open to Foreign Alliances for Fukushima Cleanup

Key facts

• Tepco's incoming chairman is open to forming alliances with companies outside of Japan.
• The utility seeks to restructure its operations.
• Funding the cleanup of the Fukushima nuclear disaster is a priority.

Tepco faces the immense financial burden of cleaning up the Fukushima Daiichi nuclear power plant, which suffered meltdowns following the 2011 earthquake and tsunami. The company is exploring strategic partnerships to manage these costs and reform its business.