The country plans to spend ¥10-20bn ($130-260m) installing six or more floating turbines near to the stricken Fukushima nuclear plant, trade ministry official Masanori Sato said this week.

Local shipbuilders including Mitsubishi Heavy Industries, Fuji Heavy Industries, Mitsui Engineering and Shipbuilding, IHI and Shimizu are expected to be involved in the project, according to local reports.

Japan is drawing up a third emergency budget expected to be worth more than ¥10 trillion to rebuild its northeastern coast after the March earthquake and tsunami.

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