Global Energy News Roundup: July 13

The Forum on Energy weekly news roundup brings together a mix of global energy stories from around the web. It is published every Thursday and is available on Twitter via @forumonenergy


TEPCO Chairman Expresses His Belief that Nuclear Power is Vital for Japan’s National Security

In an interview on Thursday, Tokyo’s Electric Power Company’s (TEPCO) new Chairman Takashi Kawamura expressed his belief that nuclear power is still vital for Japan’s national security. Specifically, the chairman said that “even if we take severe accident measures and factor in spent fuel processing and other costs, I think there are some reactors that can still be profitable.” Additionally, throughout the interview Mr. Kawamura discussed the need to release treated contaminated water into the ocean in order to accelerate decommissioning work at Fukushima Dai-Ichi, as well as increasing profits needed for the clean up efforts at Fukushima. Furthermore, Mr. Kawamura says that TEPCO hopes to restart the Kashiwazaki-Kariwa nuclear plant, located in northern Japan, and that the plant will be a major revenue source for the company.

Source: The Washington Post

IEA Supports Clear and Consistent Policy for Nuclear Power Production

In its annual report titled “Energy Technology Perspectives 2017” the International Energy Agency insisted that clear and consistent policy support is necessary if nuclear power is to increase its contribution to the global effort to produce cleaner energy. The report states that “policies to support energy technology innovation at all stages, from research to full deployment, will be critical to reap [the] energy security, environmental and economic benefits of energy system transformations.” Furthermore, the agency recommends that governments “provide clear and consistent policy support for existing and new capacity that includes nuclear power in clean energy incentive schemes and that encourages its development in addition to other clean forms of energy.” World Nuclear Association Director-General Agneta Rising commented on the report and stated that “the IEA’s report is clear: nuclear needs to be a major source of clean energy, reliably supplying the world’s future requirements.”

Source: World Nuclear News

U.S. Senators Work to Extend Nuclear Production Tax Credit

Under current U.S. law, nuclear reactors will receive a production tax credit if they become active by December 31, 2020. Last month, the U.S. House of Representatives passed legislation that extended that deadline so that reactors put into service after 2021 can also take advantage of the credit. However, the Senate has yet to pass the legislation. The tax credit will have a direct impact on the decision to continue construction of two nuclear power plants in Georgia and South Carolina. Senator Lindsey Graham (R-S.C.) stated earlier this week that he is “looking at any and all options” and that he and other senators are “still trying to work to get that as part of a broader package.”

Source: E&E News

India Moves Towards Nuclear Energy Self-Sufficiency

India’s Prime Minister, Narendra Modi, and government are working to fast-track the country’s domestic nuclear energy production by taking steps that will help it to achieve long-term energy security and self-sufficiency goals. In May, India’s cabinet approved a plan to build 10 new atomic reactors that will significantly increase the country’s nuclear capacity. Furthermore, India is close to commissioning a fast-breeder reactor (FBR), which is capable of converting atomic waste to usable fuel. It is estimated that India’s nuclear capacity will reach 63,000 megawatts by 2032.

Source: Asia Times