Kansai Electric Power Co., which supplies Japan’s second-biggest metropolitan area, may have to spend at least 285 billion yen ($3.1 billion) to improve the safety of its nuclear-power plants, President Makoto Yagi said.
Kansai Electric Power Co. and Hokkaido Electric Power Co. are operating two nuclear reactors without approvals, four months after the Fukushima disaster raised concern atomic power in Japan may not be safe.
Kansai Electric Power Co. will spend more than 200 billion yen ($2.5 billion) to bolster defenses at its 11 nuclear reactors against earthquakes, tsunami and other accidents, president Makoto Yagi said in Tokyo today.
Kansai Electric Power Co. is planning to sell its first bonds since December 2010, as the utility today became the only Japanese company to re-start a nuclear reactor since the Fukushima disaster last year.
Kansai Electric Power Co., Japan’s second-biggest power company, expanded its sources of crude to include Malaysia, Russia and Angola as consumption increased fivefold following the Fukushima disaster in 2011.