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Escalating costs of Japan’s nuclear safety plans

Japan’s Nuclear Safety Steps May Cost 19 Billion Yen Per Reactor, Nov. 15 (Bloomberg) –– Additional safety measures required at Japan’s nuclear power plants in the wake of the Fukushima disaster may cost 19.4 billion yen ($252 million) per reactor, the government said.

Emergency measures such as maintaining cooling at a 1,200- megawatt nuclear station are estimated to cost about 11.8 billion yen, a committee under the National Policy Unit said in a report today. Other costs include steps to secure emergency power generators and improve external sources of electricity and 1.3 billion yen to prevent explosions and equip workers with radiation-protection gear in a severe nuclear accident…..The additional safety measures will increase the cost of building a nuclear reactor by about 5 percent, according to calculations based on data provided in the report. The committee estimates the cost of constructing a reactor at 420 billion yen, assuming a rate of 350,000 yen per kilowatt and a capacity of 1.2 million kilowatts….. http://news.businessweek.com/article.asp?documentKey=1376-LUOVUT07SXKX01-5QP1VSJAM1CAG2877DDVS9EV6H

November 16, 2011 - Posted by | business and costs, Japan

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