LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » World News

Tepco shares rise after reports of possible nuclear restart approval

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Updated: Thu, Sep 07, 2017
10:23 am
Reuters
RELATED NEWS
Expert Views: BIG! India's retail inflation eases to 4.59% in December Expert Views: BIG! India's retail inflation eases to 4.59% in December
Budget 2021 Expectations – HOME BUYERS to benefit if Govt accepts this demand; JLL CEO lists following demands Budget 2021 Expectations – HOME BUYERS to benefit if Govt accepts this demand; JLL CEO lists following demands
Jobs, land prices, Covid-19 vaccine, rural India, household savings, NBFCs, banks, consumption, capex - Positives and Negatives | EXPLAINED Jobs, land prices, Covid-19 vaccine, rural India, household savings, NBFCs, banks, consumption, capex - Positives and Negatives | EXPLAINED
Economy, markets, FIIs, chemicals, IT and Pharma - Make money, as India powers to new highs | EXPLAINED    Economy, markets, FIIs, chemicals, IT and Pharma - Make money, as India powers to new highs | EXPLAINED
Setback for China – Trend reversing in favour of India; SFI lands big blow! Know here WHY! Setback for China – Trend reversing in favour of India; SFI lands big blow! Know here WHY!

Shares in Tokyo Electric Power Co (Tepco), operator of the wrecked Fukushima nuclear plant, rose more than 3 percent on Thursday after media reports that it may get approval as early as next week to restart one of its other atomic plants.

Tepco`s Kashiwazaki-Kariwa station, the world`s biggest nuclear power plant, may get initial safety approval from Japan`s nuclear regulator next week to restart two reactors, the Yomiuri newspaper and other media reported.

Approval would allow a company that has been widely criticized for a lax approach to safety and a slow response to the meltdowns at Fukushima to operate a nuclear power station after regulators earlier questioned if it was up to the task.

A go-ahead would also be the first for reactors of the same basic design as those that melted down at the Fukushima Daiichi station in March 2011, after a massive earthquake and tsunami knocked out cooling and power systems.

Radiation from the meltdowns forced 160,000 people from their homes, many never to return, and destroyed businesses, fisheries and agriculture. The latest government estimate puts the cost of the disaster at 21.5 trillion yen ($197 billion).

After reports of the possible approval for Kashiwazaki-Kariwa, Tepco shares rose as high as 450 yen, up 15 yen, or 3.4 percent. They were up 2.8 percent at 0416 GMT, while the broader market was up 0.1 percent.

A Tepco spokesman declined to comment on the reports. The company has said it could save up to 10 billion yen ($92 million) a month in power generating fuels for each reactor it restarts at Kashiwazaki-Kariwa.

Hurdles remain to any restart, the biggest being getting approval from the governor of Niigata prefecture, where the Kashiwazaki plant is located.

Ryuichi Yoneyama, the governor, has said he will not discuss a restart until Niigata completes its own safety review, which could take until 2020 at the earliest.

Tepco has said it will cooperate with the prefecture`s review for Kashiwazaki, which is also the world`s biggest power station in terms of capacity outside of hydroelectric dams.

Many of Japan`s nuclear reactors are still going through a relicensing process set up after the Fukushima disaster, the world`s worst since Chernobyl in 1986.

Five out of 42 reactors are now operating after reviews, the most since the Fukushima disaster led to the eventual shutdown of all nuclear units.

All of the restarted units have a different design from those at Fukushima, using a technology that some experts say make them less susceptible to meltdowns. ($1 = 109.0300 yen)

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Economy
RELATED NEWS
Expert Views: BIG! India's retail inflation eases to 4.59% in December Expert Views: BIG! India's retail inflation eases to 4.59% in December
Budget 2021 Expectations – HOME BUYERS to benefit if Govt accepts this demand; JLL CEO lists following demands Budget 2021 Expectations – HOME BUYERS to benefit if Govt accepts this demand; JLL CEO lists following demands
Jobs, land prices, Covid-19 vaccine, rural India, household savings, NBFCs, banks, consumption, capex - Positives and Negatives | EXPLAINED Jobs, land prices, Covid-19 vaccine, rural India, household savings, NBFCs, banks, consumption, capex - Positives and Negatives | EXPLAINED
Economy, markets, FIIs, chemicals, IT and Pharma - Make money, as India powers to new highs | EXPLAINED    Economy, markets, FIIs, chemicals, IT and Pharma - Make money, as India powers to new highs | EXPLAINED
Setback for China – Trend reversing in favour of India; SFI lands big blow! Know here WHY! Setback for China – Trend reversing in favour of India; SFI lands big blow! Know here WHY!

LATEST NEWS

SBI cards, discounts on essential items on offer at Amazon Great Republic Day Sale

Stock Markets With Anil Singhvi: Sensex soars to 50K; Madhu Kela reveals this money making strategy

Budget 2021 Expectations LIVE: What India wants from Nirmala Sitharaman - Check latest news, updates, demands here

Home First Finance IPO opens today: Anand Rathi says Subscribe

Using Airtel Payments Bank? FREE! Good news for you

SSC GD Result 2018 Constable (General Duty): Today? Important message for Staff Selection Commission jobs aspirants

Home First, IRFC, Indigo Paints IPO Reviews: Here is what Anil Singhvi recommends for investors

Stocks in Focus on January 21: Bajaj Finance, HDFC AMC, Havells India, Axis Bank to Reliance; here are the 5 Newsmakers of the Day

Over 1 million units of Poco C3 sold in India | Huge discount offer available on Flipkart

Maharashtra board exams 2021 Class 10, class 12 to be held in April-May, says Minister Varsha Gaikwad

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved