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Japanese utilities book special gains by offering nuclear fuels

Japan's Hokkaido Electric Power and Chugoku Electric Power stated on Thursday they had actually scheduled remarkable profits for the AprilSeptember period from offering previously gotten nuclear fuel.

Neither utility has actually been able to restart any nuclear power plants given that the 2011 Fukushima nuclear disaster which triggered stricter security requirements in Japan.

Hokkaido Electric booked a special profit of 19 billion yen ($ 124 million) for the 6 months ended Sept. 30 by selling nuclear fuel obtained through long-term agreements.

It began selling some of its fuel in the 2021 fiscal year, reserving remarkable gains of 5.7 billion yen in 2022 and 3.3 billion yen in 2023, according to a business official.

We have actually begun offering the fuel as nuclear power has actually been re-evaluated worldwide and resource rates have actually increased, the main informed press reporters, declining to name the buyers.

Chugoku Electric tape-recorded a 12.1 billion yen special profit from nuclear fuel sales in the April-September period, specifying that the initiative, started in 2015, intends to strengthen its monetary base.

Previously today, Tohoku Electric Power resumed the operation of the No. 2 reactor at its Onagawa nuclear power plant in northern Japan for the first time in over 13 years.

Numerous Japanese energies are still going through a. re-licensing procedure to abide by the more stringent security guidelines.

Chugoku Electric prepares to reboot the No. 2 reactor at its. Shimane nuclear power station later on this year while Hokkaido. Electric is continuing with a review procedure to restart its. Tomari nuclear power station, though the timing stays. unsure.

(source: Reuters)