• Kyodo

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Tokyo Electric Power Co. is planning to sell part of its uranium stockpiles for nuclear power generation in the current business year to cut costs amid uncertainty over the restart of idled nuclear plants, a company document obtained by Kyodo News showed Monday.

Tepco has not consumed uranium since the 2011 nuclear crisis started at its Fukushima No. 1 complex that eventually resulted in all of Japan’s nuclear reactors being taken offline amid safety concerns. By reducing the stockpiles, the utility is seeking to slash costs for managing them as it faces funding difficulties stemming from the nuclear crisis.

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