Forum Views ()
Forum Replies ()
Read more with google mobile :
Japan may close nuclear plant, tiny radiation leak at another
|
Edition:
U.S.
Article
Comments (0)
Follow Reuters
Facebook
Twitter
RSS
YouTube
Read
Obama pays tribute to unit in bin Laden raid
|
06 May 2011
U.S. gas prices hit $4 a gallon, but may retreat
08 May 2011
Bin Laden's widow says they lived in Pakistani house for 5 years
06 May 2011
River flooding begins to "wrap arms" around Memphis
|
07 May 2011
Bin Laden had support network in Pakistan: Obama
|
08 May 2011
Discussed
151
Concerns raised over shooting of unarmed bin Laden, burial
141
Obama at U.S. base to pay tribute to bin Laden mission
104
Boehner demands trillion-dollar cuts in debt deal
Watched
US releases video of bin Laden from compound
Sat, May 7 2011
Bin Laden on tape
Sat, May 7 2011
After bin Laden Obama focuses on economy
Sat, May 7 2011
Japan may close nuclear plant, tiny radiation leak at another
Tweet
Share this
By Chikako Mogi
TOKYO (Reuters) - Japan on Monday announced a tiny radiation leak at a nuclear reactor on its west coast, while another power company is expected to close a nuclear plant in central Japan due to its vulnerability to a major...
Email
Print
Related News
Japan "committed to nuclear power" despite shutdown
Sun, May 8 2011
Japan anti-nuclear protesters rally after PM call to close plant
Sat, May 7 2011
Japan PM calls for halt of Hamaoka nuclear plant
Fri, May 6 2011
Special report: In China the big nuclear question is "how soon"?
Tue, May 3 2011
Alabama nuclear plant shuts safely after tornadoes
Thu, Apr 28 2011
Analysis & Opinion
Dollar debasing and other short stories
The tiny cat-bond market
Related Topics
World »
Japan »
Nuclear Power »
Stocks
Japan Atomic Power Co.'s Tsuruga Nuclear Power Plant No.2 reactor is seen in Tsuruga, Fukui Prefecture, in this March 14, 2010 file photo taken by Kyodo. Electricity wholesaler Japan Atomic Power said on Monday that gas containing a minute amount of radiation had leaked from its Tsuruga nuclear plant in western Japan on May 8, 2011, but said there was no impact on the environment. The 1,160-megawatt No. 2 reactor was shut on Saturday for an unplanned inspection after the company found a technical problem last week. Japan Atomic said that it has stopped the leak and that it is investigating the cause. Mandatory credit
Credit: Reuters/Kyodo/Files
By Chikako Mogi
TOKYO |
Mon May 9, 2011 3:19am EDT
TOKYO (Reuters) - Japan on Monday announced a tiny radiation leak at a nuclear reactor on its west coast, while another power company is expected to close a nuclear plant in central Japan due to its vulnerability to a major quake.
Electricity wholesaler Japan Atomic Power said it had stopped the leak after a minute amount of radiation was found in gas that escaped from the Tsuruga nuclear plant on Sunday. It said there had been no impact on the environment.
Japan Atomic said it was investigating the cause of the leak, which is bound to increase public unease over the troubled nuclear industry in the wake of the massive earthquake and tsunami that crippled the Fukushima nuclear facility in March.
Japanese media reports said the country's third biggest electricity producer, Chubu Electric Power Co, was expected later in the day to decide to temporarily shut one of its nuclear plants on the coast of central Japan until it can build a tsunami wall and take other steps to improve safety.
That could take two years, raising the risk of a shortage of electricity after the Fukushima nuclear plant was hit by the March 11 earthquake and tsunami in the northeast.
Prime Minister Naoto Kan has urged Chubu to close the Hamaoka plant, about 200 km (120 miles) southwest of Tokyo, signaling a potential shift in energy policy following the worst nuclear crisis in 25 years.
Chubu Electric Power Co shares tumbled as much as 14 percent on the request. Chubu was due to hold a board meeting at 0630 GMT at which it was expected to make a final decision to close the plant, Japanese media said.
A board meeting on Saturday had failed to reach a consensus, reflecting worries over whether the company would be able to get alternative supplies of energy as well as cope with a sharp jump in its fuel costs.
The amount of radiation at Tsuruga was estimated at about one-four hundred thousandth of the annual legal limit, a Japan Atomic spokesman said, and there were no changes in readings from radiation monitoring devices placed around the plant.
The government is under pressure to review its energy policy, of which atomic power is a major part, after the March 11 quake and tsunami wrecked the Fukushima nuclear power plant run by Tokyo Electric Power.
Nearly 26,000 people were killed or are unaccounted for following the natural disaster which triggered the world's biggest nuclear crisis since Chernobyl in 1986. The plant is still leaking radiation.
Government experts put the chance of a magnitude 8.0 quake hitting the Hamaoka area in the next 30 years at 87 percent, which has raised questions over why it was built there in the first place.
Shares of Chubu were down 11 percent at 1,570 yen in afternoon trade, after falling as low as 1,521 yen. Chubu's tumble helped push Tokyo's electric and gas subindex down 2.7 percent.
"This news is triggering uncertainty not just about Chubu Electric but the whole utility sector," said Yoshinori Nagano, a senior strategist at Daiwa Asset Management.
"Investors are concerned that on the back of this news other reactors currently under inspection may not resume operations soon."
Kan, under fire for his response to the crisis in northeast Japan after the March quake, said the government would try to prevent the halt of the Hamaoka reactors from causing power supply problems.
Chubu has said it can meet peak demand of 25,600 MW even if Hamaoka shuts. But relying on thermal plants to fill the power gap would push up costs by 700 million yen ($8.7 million) a day -- or about 256 billion yen a year, double its projected profit of 130 billion yen in the year to March 2012.
However, an unusually hot summer would raise the risk of Chubu not having enough capacity to meet peak demand, which could cause problems for Toyota Motor Corp and other major manufacturers with factories in the region.
Chubu generates a relatively small proportion of its power from nuclear plants, accounting for 14 percent of the firm's total electricity generated in 2009/10. That was below a 30 percent average nationwide, while gas thermal power held a 47 percent share. ($1 = 80.630 Japanese Yen)
(Additional reporting by Ayai Tomisawa; Editing by Nathan Layne and Jonathan Thatcher)
World
Japan
Nuclear Power
Tweet this
Share this
Link this
Digg this
Email
Reprints
We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language, all capital letters or appear to be spam, and we review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters.
Comments (0)
Be the first to comment on reuters.com.
Add yours using the box above.
Social Stream (What's this?)
© Copyright 2011 Thomson Reuters
Editorial Editions:
Africa
Arabic
Argentina
Brazil
Canada
China
France
Germany
India
Italy
Japan
Latin America
Mexico
Russia
Spain
United Kingdom
United States
Reuters
Contact Us
Advertise With Us
Help
Journalism Handbook
Archive
Site Index
Video Index
Reader Feedback
Mobile
Newsletters
RSS
Podcasts
Widgets
Your View
Analyst Research
Thomson Reuters
Copyright
Disclaimer
Privacy
Professional Products
Professional Products Support
Financial Products
About Thomson Reuters
Careers
Online Products
Acquisitions Monthly
Buyouts
Venture Capital Journal
International Financing Review
Project Finance International
PEhub.com
PE Week
FindLaw
Super Lawyers Attorney Rating Service
Reuters on Facebook
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
Other News on Monday, 9 May 2011 Yemen's opposition urges Gulf states to press Saleh
|
Nigeria opposition goes to court over election result
|
France's Sarkozy may not make 2012 runoff
|
Apple, Google to face lawmakers in privacy tussle
|
Internet boom 2.0 is here, starts to look bubbly
|
Syrian president sends tanks into major city
|
Japan may close nuclear plant, tiny radiation leak at another
|
Security forces fire on Yemen protest, 10 wounded
|
Japan, U.S. plan nuclear waste storage in Mongolia: paper
|
South Korea ruling party mulls policy shift amid crisis
|
Thousands of Mexicans march to protest drug war
|
Bin Laden had support network in Pakistan: Obama
|
Datum Peru poll shows virtual tie in run-off vote
|
Apple usurps Google as world's most valuable brand
|
Angry Birds developer eyes IPO in 3-4 years: report
|
Cisco and Xerox partner on cloud computing, print services
|
Moviegoers not eager to see Mel Gibson's Beaver
|
Simon Cowell blames lawyers for Abdul delay
|
William & Kate star joins Californication
|
Cannes turns to big stars, edgy auteurs
|
Iraq's Qaeda pledges support to Zawahri, vows attacks
|
Libyan rebels reclaim legacy of Italian-era warrior
|
South Korea will invite North to summit if conditions met
|
Biden, Clinton bluntly press China on rights
|
NATO planes pound Libyan government weapons depot
|
U.S., China talks aim to keep irritants in check
|
LinkedIn IPO price values company at over $3 billion
|
Twitter outings undermine super injunctions
|
Groupon, Live Nation to launch new ticketing deals site
|
Nvidia to buy cellphone radio maker for $367 million
|
More parents lenient about young Web use: poll
|
Apple, Google to face lawmakers in privacy tussle
|
Wave to pay chipmaker hires IPO banks: sources
|
NBC Today's Vieira leaving, to be replaced by Curry
|
William & Kate star joins Californication
|
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights