Get the Latest Investment Ideas Delivered Straight to Your Inbox. Subscribe

Japanese Power-Cut Alert Sparks Fears of Nuclear Comeback

Share on Stocktwits

Source:

"Millions of Japanese homes are bracing for a long, hot summer after Japan's government warned a shortage of electricity generation could lead to mandatory power cuts."

Irish Times.com, David McNeill

Millions of Japanese homes are bracing for a long, hot summer after Japan's government warned a shortage of electricity generation could lead to mandatory power cuts.

Critics say the threat is a ploy to force the restart of the nation’s idling nuclear power plants. With all 54 reactors shut down or destroyed, the authorities could be forced to demand a reduction in power usage of 20% in western Japan—an area that includes the huge Osaka region, home to nearly nine million people—said a government draft document this week.

The last of the reactors went offline for routine maintenance on May 5, triggering the start of a debate over the country's nuclear future. Nuclear power accounted for about a third of Japan’s energy before last year’s triple meltdown at the Fukushima Daiichi plant. . .View Full Article


Want to read more about Uranium investment ideas?
Get Our Streetwise Reports Newsletter Free and be the first to know!

A valid email address is required to subscribe