Generation, Nuclear

TEPCO strives for July restart of its nuclear power plants

Tokyo Electric Power Co. stated in its new business plan that it wants to get its nuclear power fleet restarted by July 2014, according to reports.

TEPCO, which operates the crippled Fukushima-Daiichi nuclear power plant, has racked up about $27 billion in losses since the 2011 earthquake and tsunami that caused the meltdowns at Fukushima and triggered a shut-down of Japan‘s nuclear fleet.

TEPCO’s plan to reimburse its creditors involves a more than $3 billion loan, according to reports. Specific details on this loan were not available.

Another part of TEPCO’s plan involves restarting the Kashiwazaki Kariwa nuclear power station, a nuclear power plant with nearly 8 GW of capacity. Hirohiko Izumida, the governor of Niigata Prefecture, said TEPCO could not be trusted to restart the nuclear reactors at Kashiwazaki-Kariwa.

TEPCO wants to restart reactors Nos. 6 and 7 at Kashiwazaki in July, as well as Nos. 1 and 5 later on. TEPCO filed in September to restart two of the plant’s reactors.

Japan’s Nuclear Regulation Authority said it wants TEPCO to focus on the clean-up at Fukushima before restarting any more shuttered nuclear power plants under its control.