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    market news

    Ikata Mayor Gives Approval to Restart Unit 3 Reactor at Shikoku Electric Power Plant

    Kristen Moran
    Oct. 23, 2015 03:20PM PST
    Energy Investing

    The Japan Times reported that the Ikata mayor have given approval to restart the Unit 3 reactor at Shikoku Electric Power’s (TYO:9507) Ikata plant, which cleared the Nuclear Regulation Authority’s safety screening process in July.

    The Japan Times reported that the Ikata mayor have given approval to restart the Unit 3 reactor at Shikoku Electric Power’s (TYO:9507) Ikata plant, which cleared the Nuclear Regulation Authority’s safety screening process in July.
    As quoted in the market news:

    A town mayor in western Japan gave approval Thursday to restart a nuclear reactor in the area, bringing closer the resumption of the third reactor in Japan under tougher safety rules introduced after the 2011 Fukushima disaster.
    “I will accept the resumption,” Ikata Mayor Kazuhiko Yamashita told Ehime Gov. Tokihiro Nakamura at the prefectural office building in Matsuyama, referring to the No. 3 unit at Shikoku Electric Power Co.’s Ikata plant that cleared the Nuclear Regulation Authority’s safety screening process in July.
    The process to secure local approval is expected to effectively wrap up with the decision of the local governor, possibly to be announced next week. The prefectural and Ikata town assemblies have already approved the restart.
    “I want to think well, including through the weekend,” Nakamura told reporters after meeting the town mayor.
    The No. 3 reactor is the fifth reactor acknowledged by regulators as safe enough to restart in line with a set of tougher safety requirements introduced in the wake of Tokyo Electric Power Co.’s Fukushima No. 1 nuclear power plant disaster.

    Click here to read the full Japan Times report.

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