Japan To Allow Nuclear Plants To Operate Beyond 60 Years, Build Advanced Reactors

Japan To Allow Nuclear Plants To Operate Beyond 60 Years, Build Advanced Reactors

TOKYO, Dec 23 (NNN-NHK) – Japan decided yesterday, to allow nuclear reactors to operate beyond their current limit of 60 years, and replace aging facilities with new advanced ones, signalling a major change in the county’s nuclear policy.

At a meeting on achieving the country’s green transformation, the government adopted guidelines for nuclear power plants that permit extending the lifespan of nuclear reactors, and the construction of next-generation plants, to replace those to be decommissioned.

The Japanese government is expected to give its approval early next year.

After the Fukushima nuclear disaster in Mar, 2011, the Japanese government’s stance had been that, it was not considering building new nuclear reactors or replacing existing ones.

The government’s new basic policy for bringing about a green transformation, including the new nuclear policy, notes that, nuclear power and renewal energy will be “made use of to the maximum,” according to the guidelines.

The government also plans to raise about 20 trillion yen (about 151 billion U.S. dollars), through issuing green transformation bonds, to boost investment in decarbonisation projects, as it estimates that public and private investment of over 150 trillion yen (about 1.13 trillion U.S. dollars) will be necessary over the next 10 years.

Japanese Prime Minister, Fumio Kishida said at the meeting that, the policy change will be a “major reform of the whole economy and society.”– NNN-NHK  

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