The shares of power utilities in Japan have risen after the election win of the Liberal Democratic Party, which is believed to be a supporter of the nuclear power.

Tokyo Electric Power Co, which is the operator of infamous Fukushima nuclear station, recorded an increase of 3 percent to 202 yen 33 percent to 202 yen to reach an upper limit in Tokyo. Kansai Electric Power Co increased 18 percent to 920 yen also t touching its daily limit and recorded its highest jump since 1974. The Topix Electric (1613) Power & Gas Index rose 9.3 percent during the day.

Analysts say that the election win for the Liberal Democratic Party in the country is seen by investors as a rebound for the nuclear energy sector in Japan following the devastating Tsunami linked nuclear incident. Tepco is focusing on the Kashiwazaki Kariwa plant, which is believed to be crucial for the company to return to profits and the new government might speed up with process for the implementation the project.

Chairman of the LDP general council Hiroyuki Hosoda had earlier said that the country needs to restart its uclear power generators due to the high costs of gas, coal and oil that are used in thermal power stations in the country.

The Liberal Democratic Party won 294 seats in Japan's 480-member lower house of parliament, according to reports.