Tepco Looks Beyond Fukushima Daiichi, Seeks Build Partners

Tokyo Electric and Power Company, owner of the Fukushima Daiichi generating station that suffered a triple-reactor meltdown after the March 2011 Great East Japan Earthquake, said Thursday that is was seeking partners to help re-establish itself in the nuclear power business.

TepcoThe partnership would focus on building two light-water nuclear reactors at the Higashidori nuclear power station in the Aomori Prefecture, the Japan Times reported.

Tepco, while facing massive expenses on Fukushima Daiichi clean up and decommissioning, is hoping to increase revenues through partnerships in both electricity generation and power grid operations, the Times said.

Tepco is currently supported by the Nuclear Damage Compensation and Decommissioning Facilitation Corp., a government-sponsored organization that is a significant shareholder in Tepco. Tepco and the Nuclear Damage Compensation and Decommissioning Facilitation Corp. together submitted Tepco's plan for partnerships for a state review.

The Higashidori plant is already the site of one reactor, owned by the Tohuku Electric Power Company. Tepco has plans to build two more reactors at the same site.

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