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TEPCO receives first approval to restart reactors since 2011


On the 4th of October the Japanese power company TEPCO received the go-ahead to run its nuclear-electric power plant for the first time in six years.

The Tokyo Electric Power Company (TEPCO) has not received permission to restart its reactors at Kashiwazaki-Kariwa power plant since it failed to meet Japan’s stricter safety regulations following the failure at Fukushima Power Plant in 2011. However on Wednesday, Japan’s Nuclear Regulation Authority unanimously approved the draft that would allow TEPCO to start-up reactors number 6 and 7.

The Approval was followed by a rise in TEPCO’s stock prices, despite the fact that it could be months before they could restart the reactors, the largest in the world. Both TEPCO and Tokyo’s pro-business government welcomed the step forward for Japan’s nuclear power sector, who envision to supply 20% of Japan’s power demand with nuclear power by 2030.

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