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Japan

Until the Fukushima accident, Japan had 55 operating nuclear reactors as well as enrichment and reprocessing plants which had suffered a series of deadly accidents at its nuclear facilities resulting in the deaths of workers and releases of radioactivity into the environment and surrounding communities. Since the Fukushima disaster, there is growing opposition against re-opening those reactors closed for maintenance.

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Tuesday
Dec272016

Massive cost overruns and long construction delays plunge Toshiba-Westinghouse into "nuclear nightmare"

"Burning money" graphic designed by Gene Case of Avening Angels was featured on The Nation Magazine's cover in 2003, accompanying Christian Parenti's feature article on the nuclear power relapse in the U.S.As reported by Bloomberg, Toshiba-Westinghouse has been plunged into a financial "nuclear nightmare" -- with losses amounting to $4 to 5 billion (yes, with a B!) -- around one-thrid of its stock value -- due to cost overruns mounting into the billions of dollars, and years-long schedule delays, at four new reactor construction sites in the U.S.

Toshiba, a Japanese firm, took over the U.S. nuclear giant Westinghouse in 2006.

The debacle stems from Toshiba-Westinghouse's acquisition of the Chicago Bride & Iron (CBI) new reactor construction firm, in a vain attempt to get control of skyrocketing costs at the Vogtle 3 & 4 reactors construction site in Georgia, and the Summer 2 & 3 reactors construction site in South Carolina.

Toshiba-Westinghouse's AP-1000 (so-called Advanced Passive, 1,100 Megawatt-electric) reactor design was touted as the flagship of the so-called "Nuclear Renaissance" not only in the U.S. but internationally. More.

Monday
Dec262016

Radioactivity hazard greatly complicates and long delays recovery of tsunami victims' remains in Fukushima, Japan

Wednesday
Dec212016

Japan cancels failed $9bn Monju nuclear reactor

As reported by BBC:

Japan is scrapping an experimental reactor which has worked for just 250 days of its 22-year lifespan and cost $9bn (£7.2bn).

The Monju reactor, in western Japan's Fukui city, was designed to burn most of its own spent fuel, eliminating the need to deal with the nuclear waste.

But it suffered its first problems months after it went live, and has not worked properly since.

It would now need billions more for safety upgrades to be restarted.

"We have decided to decommission Monju because restarting it would require significant time and cost," chief cabinet secretary Yoshihide Suga said.

The article goes on to further report:

According to the Japan Times, Monju will cost at least 375bn yen ($3.2bn; £2.6bn) to decommission and will only be fully dismantled by 2047.

Wednesday
Nov302016

Cost of Fukushima disaster expected to soar to ¥20 trillion

As reported by Japan Times.

¥20 trillion equates to about $180 billion in U.S. currency. Please note, however, the full cost accounting to increase the expenses for dealing with the Fukushima nuclear catastrophe's ongoing aftermath to more than $500 billion, by some estimates.

Tuesday
Nov222016

New Quake Tests Resilience, and Faith, in Japan’s Nuclear Plants