The Japanese government approved a 10-year business plan from Tokyo Electric Power Co. (TEPCO) that also includes restarting nuclear power plants in July.
The business plan says that TEPCO will continue compensating victims and contributing resources following the 2011 nuclear disaster at the Fukushima Daiichi nuclear plant in Japan, according to the Japan Times. The plan also includes restarting units 6 and 7 at TEPCO’s Kashiwazaki-Kariwa nuclear power plant in July. Restarting just one of the reactors will help to cut operating costs by 100 billion yen to 145 billion yen ($957.6 million to $1.4 billion), the article said. Restarting all seven units would save the company 1 trillion yen ($9.6 billion).
TEPCO applied for Nuclear Regulation Authority safety checks for units 6 and 7 in September, the article said. Units 1 through 5 may be restarted in late fiscal year 2014.
The company mentioned in the business plan that it expects to boost its competitiveness by selling more natural gas-fired power outside of its main area in the Kanto region, which could bolster annual sales by 770 billion yen ($7.4 billion) in 10 years.
To read the Special Business Plan in Japanese, click here
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