VanEck Vectors Uranium Plus Nuclear Energy ETF (NLR)

[3xBuBu]

Japanese regulator approves restart of first nuclear reactors

Japan's nuclear regulator gave the go-ahead on Wednesday for the restart of a nuclear power station, the first step to reopening an industry that was mothballed after the Fukushima disaster and which may involve the definitive closure of a dozen old plants.

Japanese media have said the restart of the Sendai plant, about 1,000 km (600 miles) southwest of Tokyo, may not come until next year.

Utilities that want to extend the operating life of old reactors must submit detailed safety applications by July 2015, explaining how those facilities could be updated to meet the tough new safety standards.

The government may ask the operators of 12 reactors that began operations before 1980 to decide by the end of the year whether to decommission them, media have reported.
http://in.reuters.com/article/2014/09/10/japan-nuclear-idINKBN0H507S20140910