Japan returns to nuclear energy

Japan restarts reactor, marking country’s return to nuclear energy after Fukushima reactor disaster
 Japan has resumed the operation of the first reactor of the nuclear power plant Sendai for the first time after all the nuclear power plants were shut down in March 2011 following a major earthquake.
On 11th August, Japanese Kyushu Electric Power Company announced the resumption of a power unit at Sendai NPP. Another unit at the plant is scheduled to be put into operation in mid-October. The restart marks Japan’s return to nuclear energy four-and-half-years after the 2011 meltdowns.
Following a major earthquake, a 15-metre tsunami disabled the power supply and cooling of three Fukushima Daiichi reactors, caused a devastating nuclear accident. The Japanese national atomic regulator revived the nuclear power plant safety and security norms. Both power nuclear units at Sendai NPP have received the approval of the Office of Nuclear Regulation in accordance with the new security requirements. It has been reported that the Sendai NPP’s operator company spent around $ 120 million for assuring the new safety system.
Japanese authorities intend to restart 25 nuclear reactors. As of now, the permission to restart operation is given to the third power unit at the Ikata NPP (Ehime Prefecture) and two power units at Takahama NPP (Fukui Prefecture), though the timing of their operationalisation is yet to be announced.  According to Yuri Prokudin, an expert of the forex trading information website FX Bazooka, the restart of its nuclear program after Fukushima events would be a very complicated and delicate matter in Japan. On one hand, peaceful nuclear power could not be psychologically accepted quickly due to public fears after the accident. However, he observed, “From an economic point of view, NPP re-launch was only a matter of time: decline of trade balance caused by need to procure high-priced utility products would return to this point sooner or later anyway.”
The high level of dependence on imports, which currently reaches 84 per cents, not only reduces the efficiency of the whole region, but also to a large extent limited industrial production, which has a high power consumption. Restart of the whole system begins with the Sendai NPP reactor located on Kyushu island. Sendai NPP reactors were chosen to restart among 43 reactors as potentially capable to re-launch operation. “Despite negative public attitude against nuclear program, Japan still will have to make a choice in favour of its own economy. Therefore, the launch of the Sendai NPP first nuclear power reactor has not only psychological, but also a symbolic meaning: if all goes well, the launch of the remaining 42 reactors will also receive a green light,” Yuri adds.
The recovery of nuclear power system should ultimately lead to higher electricity generation in Japan. Prior to the Fukushima accident, NPPs power output covered 30 per cents of total electricity generation. Currently, maximum potential capacity will vary within 22 to 25 per cent.
Dmitry Baranov, Chief Expert at Finam Management Ltd said, “Although the launch of only one power unit is unlikely to have a major impact on the problem of energy shortage in the country, the fact of NPP operation restart after a long break can have a huge impact on industry and the entire economy and the mood of public.”
Recent annual energy review, the 64th Statistical Review of World Energy, issued by British Petroleum highlighted an increase of world production of nuclear electricity at the rates that are above average figures. It has increased by 1.8 per cent. The increase has been registered the second consecutive year. For the first time since 2009, nuclear energy increased its share in the global energy balance. The growth in output at nuclear power plants in South Korea, China and France exceeded the decline in Japan, Belgium and the UK.
The consumption of electrical energy produced by nuclear power plants increased last year in Russia by 4.8 per cent, in United States by 1 per cent, France by 2.9 per cent, South Korea by 12.7 per cent and in China by 13.2 per cent. Total growth for Europe and Eurasia was 1.2 per cent, in North and South America by 1.1 per cent, in the Middle East by 6.8 per cent, Africa by 8.2 per cent, and in the Asia-Pacific region by 5.7 per cent.

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Japan returns to nuclear energy

Japan restarts reactor, marking country’s return to nuclear energy after Fukushima reactor disaster
 Japan has resumed the operation of the first reactor of the nuclear power plant Sendai for the first time after all the nuclear power plants were shut down in March 2011 following a major earthquake.
On 11th August, Japanese Kyushu Electric Power Company announced the resumption of a power unit at Sendai NPP. Another unit at the plant is scheduled to be put into operation in mid-October. The restart marks Japan’s return to nuclear energy four-and-half-years after the 2011 meltdowns.
Following a major earthquake, a 15-metre tsunami disabled the power supply and cooling of three Fukushima Daiichi reactors, caused a devastating nuclear accident. The Japanese national atomic regulator revived the nuclear power plant safety and security norms. Both power nuclear units at Sendai NPP have received the approval of the Office of Nuclear Regulation in accordance with the new security requirements. It has been reported that the Sendai NPP’s operator company spent around $ 120 million for assuring the new safety system.
Japanese authorities intend to restart 25 nuclear reactors. As of now, the permission to restart operation is given to the third power unit at the Ikata NPP (Ehime Prefecture) and two power units at Takahama NPP (Fukui Prefecture), though the timing of their operationalisation is yet to be announced.  According to Yuri Prokudin, an expert of the forex trading information website FX Bazooka, the restart of its nuclear program after Fukushima events would be a very complicated and delicate matter in Japan. On one hand, peaceful nuclear power could not be psychologically accepted quickly due to public fears after the accident. However, he observed, “From an economic point of view, NPP re-launch was only a matter of time: decline of trade balance caused by need to procure high-priced utility products would return to this point sooner or later anyway.”
The high level of dependence on imports, which currently reaches 84 per cents, not only reduces the efficiency of the whole region, but also to a large extent limited industrial production, which has a high power consumption. Restart of the whole system begins with the Sendai NPP reactor located on Kyushu island. Sendai NPP reactors were chosen to restart among 43 reactors as potentially capable to re-launch operation. “Despite negative public attitude against nuclear program, Japan still will have to make a choice in favour of its own economy. Therefore, the launch of the Sendai NPP first nuclear power reactor has not only psychological, but also a symbolic meaning: if all goes well, the launch of the remaining 42 reactors will also receive a green light,” Yuri adds.
The recovery of nuclear power system should ultimately lead to higher electricity generation in Japan. Prior to the Fukushima accident, NPPs power output covered 30 per cents of total electricity generation. Currently, maximum potential capacity will vary within 22 to 25 per cent.
Dmitry Baranov, Chief Expert at Finam Management Ltd said, “Although the launch of only one power unit is unlikely to have a major impact on the problem of energy shortage in the country, the fact of NPP operation restart after a long break can have a huge impact on industry and the entire economy and the mood of public.”
Recent annual energy review, the 64th Statistical Review of World Energy, issued by British Petroleum highlighted an increase of world production of nuclear electricity at the rates that are above average figures. It has increased by 1.8 per cent. The increase has been registered the second consecutive year. For the first time since 2009, nuclear energy increased its share in the global energy balance. The growth in output at nuclear power plants in South Korea, China and France exceeded the decline in Japan, Belgium and the UK.
The consumption of electrical energy produced by nuclear power plants increased last year in Russia by 4.8 per cent, in United States by 1 per cent, France by 2.9 per cent, South Korea by 12.7 per cent and in China by 13.2 per cent. Total growth for Europe and Eurasia was 1.2 per cent, in North and South America by 1.1 per cent, in the Middle East by 6.8 per cent, Africa by 8.2 per cent, and in the Asia-Pacific region by 5.7 per cent.

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