The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.
Bloomberg
Kansai Electric Power Co, one of Japan’s regional power utilities, will halt two reactors at its Takahama nuclear power plant north of Osaka because they’re unlikely to meet the government’s anti-terrorism requirements, according to the Mainichi newspaper.
Reactors No. 3 and No. 4 will stop operating from next summer, as it has become clear that construction of security measures won’t be completed in time for their respective deadlines in August and October, the report said, without citing anyone. The work is behind by about a year, it said.
Kansai Electric has been embroiled in a scandal centered on Takahama after company officials accepted nearly 320 million yen ($2.9 million) in cash and gifts from a former official of the town that hosts the atomic plant. It has already cost Chairman Makoto Yagi his job.