Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Tokyo  >  Tokyo Electric Power Company Holding Inc    9501   JP3585800000

SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets

Tokyo Electric Power : Fukushima operator can restart nuclear reactors at world's biggest plant

share with twitter share with LinkedIn share with facebook
share via e-mail
0
10/04/2017 | 11:44am CEST

The operator of Japan’s stricken Fukushima Daiichi nuclear power plant has been given initial approval to restart reactors at another atomic facility, marking the first step towards the firm’s return to nuclear power generation more than six years after the March 2011 triple meltdown.

Japan’ s nuclear regulator on Wednesday approved an application from Tokyo Electric Power (Tepco) to restart two reactors at Kashiwazaki-Kariwa – the world’s biggest nuclear power plant – even as the utility struggles to decommission Fukushima Daiichi.

The process will involve reviews and consultations with the public, and the restart is also expected to encounter strong opposition from people living near the plant on the Japan Sea coast of Niigata prefecture.

The Nuclear Regulation Authority (NRA) ruled that the No 6 and No 7 reactors, each with a capacity of 1,356 megawatts, met stringent new safety standards introduced after the Fukushima disaster. The authority’s five commissioners voted unanimously to approve the restarts at a meeting on Wednesday.

The decision drew criticism from anti-nuclear campaigners.

Shaun Burnie, senior nuclear specialist with Greenpeace Germany, accused the NRA of being reckless.

He added: “It is the same disregard for nuclear risks that resulted in Tepco’s 2011 triple reactor meltdowns at the Fukushima Daiichi site. Approving the safety of reactors at the world’s largest nuclear plant when it is at extreme risk from major earthquakes completely exposes the weakness of Japan’s nuclear regulator.”

Greenpeace said 23 seismic faultlines ran through the Kashiwazaki-Kariwa site.

Tepco said in a statement that it took the regulatory authority’s decision seriously and would continue making safety improvements at its plants while it attempted to decommission Fukushima Daiichi and compensate evacuees.

Despite the NRA’s approval, it could take years for the Kashiwazaki-Kariwa reactors to go back into operation.

The governor of Niigata, Ryuichi Yoneyama, has said he will not decide on whether to agree to the restarts until Tepco completes its review of the Fukushima accident – a process that is expected to take at least another three years.

Fukushima evacuees voiced anger at the regulator’s decision.

“It looks like things are moving forward as if the Fukushima nuclear crisis is over,” Hiroko Matsumoto, who lives in temporary housing, told Kyodo news. Matsumoto, whose home was close to Fukushima Daiichi, said Tepco should “never forget that a serious nuclear accident can cause enormous damage”.

Tepco has been seeking permission to restart the idled reactors to help it reduce spending on fossil fuel imports, which have soared since the disaster, triggered by a huge earthquake and tsunami, forced the closure of all of Japan’s nuclear reactors. Four have since gone back online after passing safety inspections.

The utility faces huge compensation claims from people who were evacuated after three of Fukushima Daiichi’s six reactors went into meltdown on 11 March 2011, as well as a rising decommissioning bill.

Earlier this year, the Japan Centre for Economic Research said the total cost of the Fukushima cleanup – which is expected to take up to 40 years – could soar to between 50-70tn yen (£330bn-£470bn). Earlier estimates put the cost at about 22tn yen.

Nuclear power is expected to become a key issue in the election later this month.

The prime minister, Shinzo Abe, has argued that reactor restarts are necessary for economic growth and to enable Japan to meet its climate change commitments. The government wants nuclear to provide about 20% of Japan’s energy by 2030.

But the newly formed Party of Hope, which has emerged as the main opposition to Abe’s Liberal Democratic party, wants to phase out nuclear power by 2030.

Opinion polls show that most Japanese people oppose nuclear restarts.

Copyright © 2017 theguardian.com. All rights reserved., source Guardian Online

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on TOKYO ELECTRIC POWER COMPA
07/18TOKYO ELECTRIC POWER : Controversial ads
AQ
07/17TOKYO ELECTRIC POWER : Tepco to resume TV commercials, 1st time since 2011 Fukus..
AQ
07/14TEPCO Group, Zenrin, Rakuten Examining 'Drone Highways'
AQ
07/143 major firms team up for drone-delivered shopping project
AQ
07/12TOKYO ELECTRIC POWER : "Method for Controlling Storage Battery System" in Patent..
AQ
07/12RAKUTEN : TEPCO Group, Zenrin and Rakuten examining "drone highways" for drone l..
AQ
07/11FREE ELECTRONS : 28 Pilots Already Launched between Startups and Utilities
AQ
07/05TOKYO ELECTRIC POWER : What the failed Glencore-Tohoku coal talks mean for the m..
RE
07/04TOKYO ELECTRIC POWER : Japan aims for 24% renewable energy but keeps nuclear cen..
AQ
07/04Asian energy giants hedge U.S. LNG buying spree with European deals
RE
More news
News from SeekingAlpha
06/11Tepco rallies as election result sparks hope for nuclear power restart 
04/26Tokyo Electric Power Company Holdings ADR reports FY results 
01/30Tokyo Electric Power Company Holdings ADR reports 9M results 
2017Tokyo Electric says Cameco seeking $682M in damages 
2017Tokyo Electric Power Company Holdings ADR reports 1H results 
Financials (JPY)
Sales 2019 6 076 B
EBIT 2019 -
Net income 2019 244 B
Debt 2019 5 172 B
Yield 2019 -
P/E ratio 2019 3,22
P/E ratio 2020 2,70
EV / Sales 2019 0,99x
EV / Sales 2020 0,86x
Capitalization 824 B
Chart TOKYO ELECTRIC POWER COMPA
Duration : Period :
Tokyo Electric Power Compa Technical Analysis Chart | 9501 | JP3585800000 | 4-Traders
Technical analysis trends TOKYO ELECTRIC POWER COMPA
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 4
Average target price 423  JPY
Spread / Average Target -17%
EPS Revisions
Managers
NameTitle
Tomoaki Kobayakawa Executive President & Director
Takashi Kawamura Chairman
Naomi Hirose Executive Vice Chairman
Hideko Kunii Independent Director
Keita Nishiyama Director & Head-Corporate Planning
Sector and Competitors
1st jan.Capitalization (M$)
TOKYO ELECTRIC POWER COMPANY HOLDING INC13.75%7 339
DUKE ENERGY CORP-3.46%56 389
IBERDROLA3.31%50 358
SOUTHERN COMPANY-1.12%48 103
DOMINION ENERGY-11.18%45 646
EXELON CORPORATION7.18%40 469