The government is making final arrangements to appoint Fumio Sudo, a former president of steelmaker JFE Holdings Inc., as the next chairman of Tokyo Electric Power Co., which is trying to restructure itself in the wake of the crisis at the crippled Fukushima Daiichi nuclear power plant, sources close to the matter said Friday.
Sudo, 72, currently an outside director of TEPCO, will have the task of helping the utility to continue its cleanup activities at the plant and at the same time reviving its battered business.
On the same day, TEPCO and state-backed Nuclear Damage Liability Facilitation Fund sought government approval of the utility's new 10-year business plan, which features more financial support from the state and the resumption of the idled Kashiwazaki-Kariwa nuclear power plant from July.
Source: NewsOnJapan
