The head of the Japanese utility that owns the tsunami-hit Fukushima nuclear power plant says his company has no money to develop alternative energy.
Naomi Hirose, president of Tokyo Electric Power Co., also says nuclear power should remain a part of the nation’s energy mix.
TEPCO was saddled with huge compensation and cleanup costs after an earthquake and tsunami last year destroyed a nuclear power plant, causing extensive meltdowns.
The company was nationalized in July.
Hirose says a resumption of TEPCO’s idled reactors in northern Japan would help the company financially, although gaining local support to restart them would be difficult.
Following last year’s Fukushima disaster, the government is finalizing a new energy policy. Surveys show the Japanese public overwhelmingly supports a complete phaseout of nuclear energy.