Good News in terms of Safety

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

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: