South Texas nuclear work difficult

Tokyo Electric Power Co. said it would be difficult to continue working to develop a Texas nuclear reactor in a joint venture between NRG Energy Inc. and Toshiba Corp.

"On the South Texas project, I think there are questions in the United States about whether it should be continued, and we, too, have financial difficulties, so it's hard to continue the project," Tokyo Electric Chairman Tsunehisa Katsumata was quoted as saying by the Reuters news agency.

Reuters said in March 2011 that work has been halted on the $10 billion proposed South Texas Project in the wake of the crisis at Tepco’s Fukushima Daiichi plant in Japan. Last year, Tepco agreed to invest $155 million for a 10 percent share in units 3 and 4 at the South Texas project.

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