Japan Atomic Power Co. is likely to receive about 350 billion yen ($3.2 billion) in funding from five major utility firms to help it resume operations at a nuclear plant northeast of Tokyo, sources close to the matter said Thursday. Tokyo Electric Power Company Holdings, Inc. and Tohoku Electric Power Co. will provide 80 percent of the funds while the three other power companies — Chubu Electric Power Co., Hokuriku Electric Power Co. and Kansai Electric Power Co. — will bear the rest of the cost, the sources said. Japan Atomic Power, a wholesaler of electricity generated at its nuclear plants, is planning to reboot the idle Tokai No. 2 Power Station in Ibaraki Prefecture. The unit has cleared a safety screening by government regulators and won approval for extending operations beyond the preliminary 40-year limit.
Mainichi 18th Oct 2019 read more »