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Accident risk makes nuclear costs even more expensive

 Japan study factors accident risk into nuclear power cost estimates Nov 8 (Reuters) – The cost of generating nuclear power in Japan would rise by up to 1.6 yen per kilowatt hour if the risk of a serious nuclear accident like the one in Fukushima is factored in, a government panel of experts estimated, providing a key element for the government to decide on its post-Fukushima energy policy.

Lawmakers and officials are working to come up with a new energy policy after the Fukushima radiation crisis made it difficult, if not impossible, to build more reactors in the world’s third-biggest generator of nuclear power…..

now that the crisis at the Fukushima Daiichi nuclear plant forced its operator, Tokyo Electric Power Co , to pay compensation for residents who have been evacuated and extra costs to decommission the crippled reactors, a new estimate on the cost of nuclear power was needed to include these factors…..

The cost for the risk of an accident could rise further if compensation payments to help evacuees and cover other damages increases from the current estimate, based on actual payments related to the Fukushima Daiichi plant, of 5 trillion yen ($64 billion) for a model reactor, the panel said…. http://www.reuters.com/article/2011/11/08/nuclear-japan-estimate-idUSL4E7M81Q620111108

November 10, 2011 - Posted by | business and costs, Japan

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