National News Firm sells uranium to pay off loans

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A Japanese nuclear power company has taken the rare step of selling some of its uranium, apparently to help repay loans amid its faltering business conditions, according to sources.

Japan Atomic Power Co. apparently needs to secure money to repay loans due in April amid uncertainty over when it can resume operating its three idled reactors.

Tokyo Electric Power Co. is considering taking similar action as it continues to face funding difficulties following the crisis at the Fukushima No. 1 complex, the sources said.

It is rare for a Japanese power company to sell uranium because the material is essential for their reactors and there are few suppliers.

According to the sources, uranium, which could be diverted to military use, is procured in principle under long-term contracts. Japanese utilities import it mainly from overseas suppliers, including in Canada. (Kyodo News)

日本原電、借金返済でウラン売却

日本原電が原発の燃料であるウランの一部を借金返済のために売却していたことが２月20日分かった。

Shukan ST: MARCH 8, 2013

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