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Subject Japan to restart NUCLEAR REACTORS to FUND decontamination and decommissioning of nuclear disaster at Fukushima

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Original Message Aside from being the operator of the disaster-stricken Fukushima nuclear power plant, Tokyo Electric Power Co. (TEPCO) is also the operator of the world’s largest nuclear power facility at Kashiwazaki-Kariwa. Recently, TEPCO and the Nuclear Damage Liability Facilitation Fund (NDF) have decided to outline a comprehensive special business plan in which the beleaguered utility will be able to restart all of the seven reactors at its Kashiwazaki-Kariwa Nuclear Power Plant by around fiscal 2016 to improve its earnings.

Under the newly revised business plan, TEPCO will issue corporate bonds to stabilize its cash flow. If there are prospects for the restoration of the utility’s finances and if the NDF makes profits from selling its holdings of TEPCO shares, the fund will consider setting aside an amount to reduce TEPCO’s debts

[link to japandailypress.com]

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