A countdown is starting in Japan for restarting some of the 48 nuclear reactors that were idled after the 2011 Fukushima meltdowns caused the worst atomic accident since Chernobyl.
The nation's Nuclear Regulation Authority will receive applications for switching on plants starting July 8, and more than five utilities plan to seek permits. Tokyo Electric Power Co., operator of the wrecked Dai-Ichi plant that spread radiation in the Fukushima area, said yesterday it will seek permission to start its Kashiwazaki-Kariwa nuclear plant as soon as possible. Its shares jumped 19 percent yesterday.
Meeting new safety rules to restart is urgent for utilities bleeding cash from importing extra oil and gas for backup generation. Japan paid 24.7 trillion yen ($241 billion) for fossil fuels in the year ended in March, up 36 percent from the 12 months before the disaster. Imports this year are even more expensive with the yen's 14 percent drop against the dollar.
"The decision to seek this safety review is an important one," Tokyo Electric President Naomi Hirose told reporters at a briefing in Tokyo yesterday. "In our existing turnaround plan, restarts were scheduled from this past April. It's almost impossible to become profitable again when conditions are different from the ones anticipated in the plan."
Japan's nine utilities with atomic plants reported combined losses of 1.59 trillion yen ($16 billion) in the year ended March 31. Only Hokuriku Electric Power Co. posted a profit, ending the year 100 million yen ahead, and only two reactors are currently running, both belonging to Kansai Electric Power Co.
The probability for the Kanto region to be hit by a powerful earthquake - lower 6 or higher on the Japanese intensity scale of 7 - within 30 years has risen, the government panel's latest quake probability map showed Friday. (The Japan News)
Sales of special Suica cards to commemorate the 100th anniversary of the opening of Tokyo Station were canceled soon after they began Saturday, as a large crowd of people flooded the area. (The Japan News)
The Niigata prefectural government started clearing a section of National Highway Route 405 in Tsunan in the prefecture on Friday, after a landslide mixed with snow blocked off about 50 meters of the road the night before. (The Japan News)
The Chiba Public Safety Commission has banned a 29-year-old man from Matsudo, Chiba Prefecture, from riding a bicycle for 90 days, after he was found guilty of cycling under the influence of "kiken" quasi-legal drugs. (Japan Times)