TEPCO to Restart Nuclear Plant, Fire at Fukushima: Sociopathic behaviour?


Published on 2 Jul 2013
TEPCO to apply for Kashiwazaki Nuclear plant restart (NOTE: USING MOX FUEL that has already arrived from France)
Tokyo Electric Power Company will seek government permission to restart 2 reactors at its Kashiwazaki Kariwa nuclear plant on the Sea of Japan coast in Niigata Prefecture.
To resume operation, nuclear power plants in Japan must meet new safety standards that go into effect on Monday next week.
On Tuesday, TEPCO’s board of directors decided to apply for government screening of the No. 6 and No. 7 reactors at the Kashiwazaki plant as soon as the new guidelines take effect.
The utility raised electricity fees last year to cover the growing cost of fuel for its thermal power plants, following the shutdown of nuclear plants across the country. But it continues to struggles with a huge deficit.
The utility hopes to move into the black this business year by restarting the reactors as early as possible.
But resumption of operation would also require local government approval.
Niigata Governor Hirohiko Izumida has repeatedly said there can be no discussion about restarting Kashiwazaki until the 2011 accident at Fukushima Daiichi nuclear plant is fully investigated.
TEPCO has idled all of its 17 reactors due to regular inspections, accident cover-up scandals or other reasons.
TEPCO is hoping to return to the black by restarting the huge nuclear plant in central Japan.
The utility logged about 6.8 billion dollars in losses for the year through March, its 3rd consecutive year in the red. That’s despite hiking electricity rates last year.
All its nuclear reactors are offline in the aftermath of the Fukushima Daiichi accident in 2011.
TEPCO says the key to its turnaround plan is the phased restart of 4 of 7 reactors at the Kashiwazaki Kariwa plant.
The utility intends to return to profitability by March 2014.
The plant can generate a total of more than 820 megawatts in power, the largest in the world.
TEPCO says restarting just one reactor would save about 10 million dollars a month on oil and gas costs. The utility stresses it has received public funds and bank loans on condition that it aims at fiscal turnaround by next March.
http://tinyurl.com/la3jru2
Jul. 2, 2013 – Updated 09:49 UTC
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