Japan’s nuclear safety standards too costly

Complying with new rules will cost US$10.9 billion.

Nuclear power plant operators said the cost to comply with the tough new standards could rise since they cannot accurately estimate the expenses because parts of the standards have yet to be determined.

Power plant operators estimate the price tag at US$10.9 billion for 15 plants, which does not include the Dai-Ichi nuclear plant at Fukushima.

The estimates mainly cover expenses for emergency safety measures such as construction of levees to guard against a tsunami and provisions for emergency power supply vehicles.

The new safety standards concern disaster preparedness by nuclear power plant operators. A draft of the standards prepared last month by Japan's Nuclear Regulation Authority requires operators to take extensive measures against natural disasters and accidents.

Since the March 2011 earthquake and tsunami disaster, 48 of Japan's 50 nuclear reactors have been idled. These reactors can't be restarted until utilities comply with the new safety standards, which are expected to go into effect in July.

Also Read

Carbon capture and storage outlook worsens amidst high costs, performance

Indian wind and solar projects see improved performance in FY24

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit