Automotive Electric Power Steering Systems Market is expected to witness the highest growth rate

Global automotive electric power steering systems was estimated at US$ 19.01 billion in 2020 and is expected to reach US$ 31 billion by 2029, growing at a CAGR of 7% over the forecast period. The need for fast-paced and high performance cars, along with enhanced safety features is driving the aut...

NRA SAYS 31 HIGHLY RADIOACTIVE SEDIMENT CONTAINERS EXCEEDED LIFESPANS

Highlights –

• NRA says 31 highly radioactive sediment containers exceeded lifespans.
• TEPCO has said it will start the contents to new containers in August.
• Contaminated water is treated by filtering at a multi-nuclide removal facility ...

MIHAMA NUCLEAR PLANT TO BEGIN FULL OPERATION ON JUNE

Highlights –

• Mihama nuclear plant to begin full operation on June.
• Kansai Electric Power Co. will load nuclear fuel into the No. 3 unit at the Mihama plant.
• In 2016, Mihama plant was given approval to operate beyond the 40-year limit ...

NORTHEASTERN JAPAN HIT BY M6.8 EARTHQUAKE; NO TSUNAMI ALERT

Highlights –

• Northeastern Japan hit by M6.8 earthquake; no tsunami alert.
• The earthquake was recorded off the coast of Miyagi Prefecture about 51 kilometers below sea level.
• Fukushima Daiichi and Daini nuclear power plants reported no...

JAPAN’S NUCLEAR REGULATOR BANS TEPCO FROM RESTARTING ITS PLANT

Highlights –

• Japan’s nuclear regulator bans TEPCO from restarting its plant.
• TEPCO has been barred from transporting nuclear fuel stored at the Kashiwazaki-Kariwa plant in Niigata Prefecture.
• The corrective measure is expected ...

JAPAN GOVT. TO RELEASE TREATED RADIOACTIVE WATER INTO THE SEA

Highlights –

• Japan govt. to release treated radioactive water into the sea.
• The treated water is said to not pose safety concerns to humans or the environment.
• TEPCO expects to run out of storage capacity as early as fall next year.

TEPCO CONSIDERS PROVIDING $28 BILLION TO BUILD A NEW NUCLEAR POWER PLANT

Highlights –

• TEPCO considers providing $28 billion to build a new nuclear power plant.
• The company intends to supply the funds through a joint consultative body.
• TEPCO has already donated around 200 million yen to the village.
...

TOKYO HIGH COURT ORDERS GOVT. & TEPCO TO PAY DAMAGES FOR NUCLEAR CRISIS

Highlights –

• Tokyo High Court orders govt. & TEPCO to pay damages for nuclear crisis.
• Japan govt. and TEPCO is to pay $2.63 million to people who had to evacuate their hometowns.
• This is the 3rd high court ruling among 30 other la...

KEPCO REPORTS A SHIFT IN NET INCOME IN 2020 TO $1.9 BILLION

Highlights –

• KEPCO reports a shift in net income in 2020 to $1.9 billion.
• The company’s operating profit was 4.08 trillion won.
• The company also reported an improvement in performance to the falling global price of resources.

TOKYO STOCKS OPENED LOW MONDAY MORNING OVER RISING COVID-19 CASES IN JAPAN

Highlights –

• Tokyo stocks opened low on Monday morning over rising COVID-19 cases in Japan.
• The 225-issue Nikkei Stock Average lost 106.01 points.
• Topix index of all First Section issues on the TSE was down by 8.39 points.
• ...

APPROVAL OF SAFETY MEASURE BY JAPAN GOVT. OVER OI NUCLEAR PLANT NULLIFIED BY COURT

Highlights –

• Approval of safety measure by Japan Govt. over Oi nuclear plant nullified by court.
• Two reactors at Kansai Electric Power Co. claimed to be vulnerable to a major earthquake.
• The Osaka District Court ruled in favour of abo...

MIYAGI PREFECTURE GIVES GREEN LIGHT TO RESUME OPERATIONS AT THE TSUNAMI-HIT REACTOR

Highlights –

• Miyagi prefecture gives green light to resume operations at the tsunami-hit reactor.
• Tohoku Electric Power Co.’s No.2 unit – Onagawa plant was given approval with local consent to restart.
• Miyagi Prefecture Go...

ELECTRIC POWER FIRMS IN JAPAN AIM TO STREGTHEN CONVENTIONAL SOURCES OF ENERGY

Highlights –

• Electric power firms in Japan aim to strengthen and increase conventional sources of energy.
• Prime Minister of Japan by 2050 has pledged to cut greenhouse gas emissions to net-zero.
• Shikoku Electric Power Co. on Nov.1 wil...

JAPAN’S ONAGAWA NUCLEAR PLANT MAY RESUME OPERATIONS IN 2022

Highlights –

• Japan’s Onagawa nuclear plant may resume operations in 2022.
• The nuclear reactor was damaged by the 2011 earthquake-tsunami disaster.
• Miyagi prefecture governor Yoshihiro Murai gave the green signal to Tohoku Electr...

TEPCO ORDERED TO PAY $9.5 MILLION IN DAMGES FOR THE FUKUSHIMA DISASTER

Highlights –

• TEPCO ordered to pay $9.5 million in damages for the Fukushima disaster.
• The Sendai High Court announced the same.
• The high court has also found the state responsible for the incident and needs to pay damages.
• ...

YOSHIHIDE SUGA TOOK HIS FIRST OFFICIAL TRIP TO FUKUSHIMA NUCLEAR POWER PLANT

Highlights –

• Yoshihide Suga took his first official trip to Fukushima nuclear power plant.
• He has vowed to start with reconstruction for areas devastated by the 2011 earthquake and tsunami.
• During the disaster, around 15,900 people d...

JAPANESE FIRMS TO ORGANIZE DEMONSTRATION PROJECT IN INDONESIA TO STORE CO2 IN GROUND

Highlights –

• Japanese firms to organize demonstration project in Indonesia to store CO2 in ground.
• Japan’s Electric Power Development Co. and NUS Co. to be part of the project.
• The companies are set to begin the four-year plan ...

YONDENKO CORP. EMPLOYEE ARRESTED FOR ELECTRICITY DISRUPTION CHARGES AND OTHERWISE

Highlights –

• Yondenko Corp. employee arrested for electricity disruption charges and otherwise
• The company provides power supply construction services.
• The suspect allegedly caused a blackout affecting over 1,000 establishments.
...

JAPAN’S NUCLEAR REGULATION AUTHORITY GIVES APPROVAL FOR OPERATION OF NEW NUCLEAR STORAGE FACILITY

Highlights –

• Japan’s Nuclear Regulation Authority gives approval for operation of new nuclear storage facility.
• The regulation authority approved anti-disaster safety measures of the new facility.
• The storage facility is located...

JAPAN EFFECTIVELY REPORT LOWER IMPORTS OF FUEL TO POWER NUCLEAR PLANTS

Highlights –

• Japan effectively report lower imports of fuel to power nuclear plants.
• The country hardly imported any such fuel last year.
• Stricter safety measures have been imposed on nuclear plant operators after the 2011 Fukushima ...