Latest news with #TokyoElectric
Reuters
5 days ago
- Business
- Reuters
Kansai Electric to move towards building new nuclear plant, Nikkei says
TOKYO, July 18 (Reuters) - Japan's Kansai Electric Power (9503.T), opens new tab has decided to take steps towards building a new nuclear power plant, the first such move since the 2011 Fukushima nuclear disaster, the Nikkei business daily reported on Friday. Kansai Electric said in a statement posted on its website that the newspaper report was not what the company had announced, adding nothing concrete has been decided. Nikkei said that Kansai Electric will soon announce the resumption of geological and other surveys, aimed at the construction of a new facility, on the site of its Mihama nuclear power plant on the Sea of Japan coast. The surveys originally began in 2010, but were suspended after a devastating earthquake and tsunami triggered triple meltdowns at Tokyo Electric Power's (9501.T), opens new tab Fukushima Daiichi nuclear power plant, Nikkei added. It said it would likely take some 20 years from the surveys to commercial operation because of layers of regulatory and safety checks.
Bloomberg
10-07-2025
- Business
- Bloomberg
Power Trading in Japan Poised to Jump as Key Purchase Deal Ends
Trading volume in Japan's power futures is set to climb as companies prepare for the upcoming expiration of a key agreement between the nation's largest utilities, a shift expected to jolt the market. The power purchase pact, which gives the retail arms of Tokyo Electric Power Co. and Chubu Electric Power Co. access to energy from top generator Jera Co., will lapse at the end of the fiscal year in March. That means the two largest distributors could procure more spot electricity — or, conversely, Jera could flood the market.
