TOKYO, April 2 (Reuters) - Kyushu Electric Power Co
Kyushu Electric is asking DBJ to buy 100 billion yen ($965.5 million) of preferred stock in the company, the source said. The government-owned lender is considering the request, which was reported earlier by the Nikkei.
Kyushu Electric spokesman Yuki Hirano said the company is looking into the matter, when contacted by Reuters.
Japanese nuclear operators are in tough financial straits after being forced to import more costly thermal fuels amid a prolonged shutdown of their reactors for safety checks after the Fukushima nuclear disaster in March 2011.
Hokkaido Electric Power Co
Shares in Kyushu Electric were down 4.7 percent, underperforming a 0.9 percent rise in the benchmark Nikkei
($1 = 103.5750 Japanese Yen)
(Reporting by Taiga Uranaka and James Topham; Editing by Aaron Sheldrick and Dominic Lau)
((taiga.uranaka@thomsonreuters.com)(+813 6441 1813)(Reuters Messaging: taiga.uranaka.thomsonreuters.com@reuters.net))
Keywords: KYUSHU ELEC PWR BAILOUT/




















