Japan Court Bars Restart of Nuclear Reactor Shut After Fukushima

A Japanese court overturned a ruling that allowed a nuclear reactor in the country’s south to operate, frustrating the government’s push to bring online dozens of plants shut in the wake of the 2011 Fukushima disaster.

The decision by the Hiroshima High Court, which cited risks from nearby volcanoes, sides with local citizens and reverses a lower court’s ruling that had cleared the way for Shikoku Electric Power Co. to operate its Ikata No. 3 unit, according to an emailed statement Wednesday from the company. The reactor, which restarted last year under stricter safety regulations, has been shut for maintenance and was scheduled to restart on Jan. 20.

Shikoku Electric fell as much as 11 percent in Tokyo, the biggest decline in more than four years, before paring the drop to 8.3 percent.

via Japan Court Bars Restart of Nuclear Reactor Shut After Fukushima – Bloomberg

Advertisements