Nuclear safety costs in Japan surge to staggering heights

Energy policy called into question as solar and wind power prices fall

20190708N Kansai Electric Takahama reactors

The reactors in operation at Kansai Electric Power's Takahama nuclear plant could be shut down if the utility fails to complete required anti-terrorism measures on schedule.

SUGURU KURIMOTO, Nikkei staff writer

TOKYO -- Japan's nuclear plant operators face ballooning costs for meeting safety requirements imposed six years ago, potentially throwing a wrench into the government's policy of promoting the atom as a low-cost, reliable energy source.

The estimated total cost of bringing plants into compliance with current standards sits at roughly 4.8 trillion yen ($44.2 billion), according to a Nikkei survey of nine of the 10 big regional electricity providers along with Japan Atomic Power and Electric Power Development. The survey excluded Okinawa Electric Power, which has no nuclear capacity.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.