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Costs of building Rokkasho nuclear fuel reprocessing plant now 4 times greater

Cost of building nuclear fuel reprocessing plant up 4-fold, THE ASAHI SHIMBUN, July 4, 2017 Construction costs for the long-delayed spent nuclear fuel reprocessing plant in Rokkasho, Aomori Prefecture, are likely to rise to 2.9 trillion yen ($25.67 billion), about four times the initial estimate, Japan Nuclear Fuel Ltd. (JNFL) has disclosed.

The company attributes the latest cost estimate increase of 750 billion yen, revealed July 3, to the necessity of meeting more stringent safety standards introduced after the 2011 nuclear crisis in Fukushima Prefecture.

Estimated construction costs previously stood at 2.193 trillion yen as of 2005.

The total cost of the project, including operating the plant for 40 years and then decommissioning it, was initially estimated at 12.6 trillion yen.

However, it is expected to rise to 13.9 trillion due to the increase in maintenance and personnel costs.

The major electric power companies that jointly set up JNFL have to cover those costs, but ultimately consumers will shoulder the burden in the form of electricity rates.

JNFL is constructing the plant in the village of Rokkasho, with the Nuclear Reprocessing Organization of Japan (NURO) contracted to handle the fuel reprocessing……..  Even if the NRA approves the new safety measures in the screening, the approval is expected to be made this autumn at the earliest, meaning the latest completion target of September 2018 is likely to be missed. http://www.asahi.com/ajw/articles/AJ201707040050.html 

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July 5, 2017 - Posted by | Japan, reprocessing

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