Beleaguered utility operator Tokyo Electric Power Co (TEPCO) believes that their Kashiwazaki-Kariwa plant will be given the approval to restart its nuclear operations by July of next year. TEPCO is also in charge of the crippled Fukushima Daiichi nuclear plant, the site of the world’s nuclear accident since Chernobyl.
TEPCO is planning to include that possibility in their business turn-around plan soon, despite no actual guarantee from the Nuclear Regulation Authority. They applied to have the Kashiwazaki-Kariwa‘s Number 6 and 7 reactors inspected and was hoping for an April restart, but the safety inspections by the NRA haven’t yet gone into full swing. The situation at the clean-up at the Fukushima plant may also affect the NRA’s decision, as there have been a lot of concerns over the way TEPCO has been handling that, with all the problems and leakage of contaminated water that has been going on there.
The utility operator is aiming to get 500 billion yen in loans from banks to help its struggling business. The promise of a restart by July will help their case as it can give a clearer picture for their operations. TEPCO do not plan on any electricity hikes for the consumers, even as the costs of importing fuel for thermal generation has added to their financial burden. The Nuclear Damage Liability Facilitation Fund gave TEPCO 1 trillion yen in public funds July of last year so that they’ll be able to improve their financial standing. They are planning to submit their revised business plan by the end of this month.
[ via The Mainichi ]