Hitachi, Mitsubishi Heavy looks for closer ties
Hitachi and rival Toshiba Corp each submitted separate proposals for the long-term decommissioning of the hobbled nuclear plant earlier this month, a process experts say could take more than a decade and cost up to $19 billion.
Hitachi has also enlisted the help of overseas firms including General Electric Co GE in its bid to win the decommissioning order, while Toshiba is being aided by Babcock & Wilcox Co and Shaw Group Inc.
Hitachi and Mitsubishi Heavy, which already have business ties, said they are looking at ways to work together to help improve conditions at the plant and aid operator Tokyo Electric Power Co and the government.
Radiation leaks from the northern Japan plant, which was severely damaged by the massive earthquake and tsunami on March 11, have made it the world's worst nuclear crisis since the Chernobyl disaster 25 years ago.
Toshiba manufactured two of the Fukushima Daiichi reactors by itself and two jointly with GE. Hitachi manufactured another, with a sixth supplied by GE.
Related News

How Should California Wind Down Its Fossil Fuel Industry?
LOS ANGELES - California’s energy past is on a collision course with its future. Think of major oil-producing U.S. states, and Texas, Alaska or North Dakota probably come to mind. Although its position relative to other states has been falling for 20 years, California remains the seventh-largest oil-producing state, with 162 million barrels of crude coming up in 2018, translating to tax revenue and jobs.
At the same time, California leads the nation in solar rooftops and electric vehicles on the road by a wide margin and ranking fifth in installed wind capacity. Clean energy is the state’s future. By law,…