I have been to this power plant in nearby Shizuoka. They have tours. I am happy they will shut it down temporarily at least. But it may lead to more blackouts.
Chubu Electric Power Co. agreed to the government’s call to close down its Hamaoka nuclear plant until it can be fortified to withstand a tsunami like the one two months ago that crippled another Japanese atomic station.
The company’s board agreed to the request from Prime Minister Naoto Kan, Chubu Electric President Akihisa Mizuno said at a press briefing at the company’s headquarters in Nagoya today. Kan asked the utility to shut the plant, which is located about 190 kilometers (118 miles) southwest of Tokyo, last week.
Chubu’s shares fell to an 11-year low today on the first day of trading since Kan’s announcement on May 6. Japan’s third- largest utility, which supplies power to factories run by Toyota Motor Corp. (7203) and other manufacturers, may report a loss in the 12 months to March, Mizuno said. Read More