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Japan on gas, coal power building spree to fill nuclear void
Reuters ^ | 10/15/2013 | Osamu Tsukimori

Posted on 10/15/2013 8:44:53 PM PDT by TexGrill

(Reuters) - Japan plans to start up 14 new gas and coal-fired power plants by the end of 2014, allowing a switch away from pricey oil, as Tokyo struggles with a shutdown of nuclear reactors and energy imports drive a record trade deficit.

Regional power monopolies will construct 12 gas-fired units next year, while two new coal power plants will be completed by December 2013, according to a Reuters survey of utilities.

The new power plants will buy liquefied natural gas (LNG) and coal to scale back on the use of expensive crude and fuel oil plants. They will also give Japan a bigger buffer to prevent future power outages when generation plants go offline.

"What this will do is introduce an additional reserve margin into the power network, particularly in areas where some nuclear is coming back," said Nicholas Browne, a senior analyst with Wood Mackenzie in Singapore.

Expanding gas-fired generation is the only viable large-scale option in a nuclear-free Japan to power its industrial and commercial sector and keep electricity prices low enough for businesses to stay competitive globally.

A massive earthquake and tsunami in March 2011 hit the Fukushima nuclear power station, operated by Tokyo Electric Power Co, also known as Tepco, causing three reactor meltdowns and hydrogen explosions.

The disaster undermined public confidence in the safety of nuclear power, leading to the shutdown of all plants for maintenance and safety checks, which pushed the world's third-largest economy and biggest importer of LNG to post its first trade deficit since the second oil shock 31 years ago.

(Excerpt) Read more at reuters.com ...


TOPICS: Business/Economy; Science; Society; Travel
KEYWORDS: coal; electricity; energy; japaneconomy; naturalgas
Global business tip
1 posted on 10/15/2013 8:44:53 PM PDT by TexGrill
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To: TexGrill

OMG! NOT the evil earth destroying coal!!!!! Maybe they could get a deal on some used parts from the plants being forced to shut down here in the US. Emissions be damned, full steam ahead! Maybe get a bargain on some coal just laying around unused as well.


2 posted on 10/15/2013 9:11:31 PM PDT by rktman (Inergalactic background checks? King hussein you're first up.)
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To: rktman

That’s brilliant. I know some folks who might like to hear about that idea too. Thank you.


3 posted on 10/15/2013 9:13:50 PM PDT by TexGrill (Don't mess with Texas)
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To: TexGrill

I’m thinking they might have some slightly warm nuke plant parts for sale cheap or heads up straight across trade. LOL!


4 posted on 10/15/2013 9:51:24 PM PDT by rktman (Inergalactic background checks? King hussein you're first up.)
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To: TexGrill

This is great. The home of the Kyoto Protocol is building coal fired power plants.

I guess the climate change dodge can wait.

LOL


5 posted on 10/15/2013 10:17:27 PM PDT by headstamp 2 (What would Scooby do?)
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