Japan study boosts nuclear power's cost estimates | Reuters - 0 views
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Energy Net on 02 Sep 11The cost of generating nuclear power in Japan is one-third higher than Tokyo's last cost assessment in 2004 and 50 percent higher if compensation costs for the recent nuclear crisis are included, but still cheaper than fossil fuels, a study showed this week. The study by the country's top energy research firm could provide fodder for both sides of Japan's nuclear power debate, which is expected to heat up amid public wariness over nuclear safety despite the prospect of protracted power shortages. Lawmakers and officials are working to come up with a new energy policy after the Fukushima radiation crisis made it difficult, if not impossible, to build more reactors in the world's third-biggest nuclear generator. Prior to the crisis, as part of its effort to fight climate change, Japan planned to boost nuclear capacity to meet over half of electricity demand by 2030 by building 13 more reactors.