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Tepco taps peer, Toshiba and Hitachi to resume nuclear project

Cooperation on new Higashidori plant will spread costs and risks

Safety-related costs for managing nuclear facilities have risen since new standards were implemented after the 2011 Fukushima Daiichi disaster.   © Reuters

TOKYO -- Tokyo Electric Power Co. Holdings is in talks with Toshiba, Hitachi and Chubu Electric Power on a joint venture to resume a stalled nuclear plant project in northern Japan, Nikkei has learned.

The new company would build, operate and maintain the Higashidori nuclear plant as well as handle discussions with the local authorities and residents. Construction is expected to start next year at the earliest.

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