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Hitachi conducts
nationwide nuclear plant review

By MarketWatch

Last Update: 12:51 AM ET Oct 4,
2007

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HONG KONG (MarketWatch) -- Hitachi Ltd. has
launched a nationwide inspection to check the earthquake resistance of its
nuclear power plants, according to the Nikkei News.

The reviews follows renewed concerns over the safety of Japan's
ageing nuclear power facilities after the accidental discharge of radioactive
material at a facility using Hitachi technology in Niigata Prefecture during a
power temblor that struck the area in July.

An investigation team of 500 engineers and other specialists will
visit 20 nuclear plants which use Hitachi's nuclear technology in Japan. The
investigation will initially focus on 12 facilities, with analysis to focus on
nuclear reactors, piping systems and cabling, the report said. The analysis will
include using computer simulation to evaluate how the facilities would hold up
during a powerful quake.

Shares of Hitachi (JP:6501: news,
chart,
profile)
fell 0.4% to 773 yen ($6.63) at midday in Tokyo. The Nikkei 225 Average ended
the morning session 0.8% lower at 17,071.09.

The sites to be probed include the Niigata-based Kashiwazaki-Kariwa
power plant Hitachi built for Tokyo Electric Power (JP:9501: news,
chart,
profile)
. Operations at the plant remain closed after a powerful earthquake in July
triggered a shutdown and caused the discharge of radioactive material.

The Hitachi investigation is part of an industrywide effort to
comply with recently revised construction guidelines on power plants, the Nikkei
reported. Under the 2006 revision, existing nuclear facilities must conduct
evaluations to reflect their level of compliance with new construction standards
and submit the results to the government.

Companies in this story

Hitachi
(JP:6501)

Tokyo
Elec Power (JP:9501)

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Hitachi conducts nationwide nuclear plant review -
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