Tokyo Electric Power Co.’s (TEPCO) restart of a nuclear power plant may be stalled because they have failed to gain consent from local authorities, according to a report from Jiji Press.
“A special rehabilitation plan submitted Friday envisions that TEPCO will swing back to a recurring profit of about ¥100 billion in fiscal 2014 if the firm can restart reactors at the Kashiwazaki-Kariwa power plant in Niigata Prefecture from July 2014,” the report stated.
Fuel costs have remained high in fiscal 2013 as nuclear reactors remained offline following the Fukushima No. 1 power plant accident in March 2011.
TEPCO needs the plant to restart in order to cut fuel costs. Costs nearly doubled from fiscal 2010 to fiscal 2012.
In an attempt to balance the cost of fuel, TEPCO has taken measures to cut jobs. Personnel costs saw a decrease from fiscal 2010 to fiscal 2012 by nearly 20 percent.
TEPCO applied for Nuclear Regulation Authority safety checks for the Kashiwazaki-Kariwa power station's Nos. 6 and 7 reactors. Combined the two reactors have an output capacity of 2.70 million kilowatts.
TEPCO hopes to restart the two reactors July 2014.