Safety upgrades are expected to be complete by March 2021.
Japanese power utility TEPCO has approved an undisclosed amount of financial support to Japan Atomic Power Co (Japco) to help the company take safety measures required to restart its 1,100 MW Tokai No. 2 Nuclear Power Plant near Tokyo.
The power plant has been mothballed since the Fukushima disaster in 2011 but in late 2018, the nuclear regulator approved a licence extension for the 40-year reactor. The safety upgrades are expected to be completed by March 2021.
Japco is owned by the main utilities in Japan, namely TEPCO, Kansai Electric, Chubu Electric, Hokuriku Electric, Tohoku Electric and Electric Power Development Company (J-Power).
The company's two nuclear power plants, Tokai No. 2 and Tsuruga, have been offline since 2011. Earlier in October 2019, the company turned to its shareholders to inject another US$3.2b (JPY350b) of financial support.
