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Costs for safety measures necessary to restart Japan’s idle nuclear reactors keep ballooning

Costs for safety measures necessary to restart Japan’s idle nuclear
reactors following the 2011 Fukushima nuclear disaster ballooned to over
6.09 trillion yen in January, according to 11 major power companies in the
country. As some companies have not yet included costs related to
implementing anti-terrorism measures in their calculations, required under
stricter regulations introduced in 2013 following the nuclear accident that
occurred on March 11, 2011, the total amount is expected to increase

The costs involve safety measures for 15 nuclear power stations
and consist of both expenses already used and those expected in the future.
As of January 2022, they totaled 5.78 trillion yen. Over a one-year period
through January this year, safety costs increased by 230 billion yen at the
No. 2 unit in Tohoku Electric Power Co’s Onagawa plant in Miyagi
Prefecture, northeastern Japan, and by 80 billion yen at Chugoku Electric
Power Co’s Shimane nuclear plant in western Japan. The Onagawa No. 2 unit
and the Shimane No. 2 unit have already cleared safety screenings by the
country’s nuclear regulator, the Nuclear Regulation Authority, with
construction work necessary to restart them under way after gaining local
consent. The cost of safety measures for the Onagawa No. 2 unit totals 710
billion yen, more than double the roughly 300 billion yen spent to build

Japan Today 12th March 2023

March 12, 2023 - Posted by | business and costs, Japan

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