Eastern Japan exits “zero nuclear power plants” – Onagawa 2 shut in 2012, restarted now

AP with the report:

• A Japanese nuclear reactor which survived a massive 2011 earthquake and tsunami that badly damaged the nearby Fukushima nuclear power plant was restarted Tuesday for the first time since the disaster after a safety upgrade, as the government pursues a renewed expansion of nuclear energy to provide stable power and reduce carbon emissions.
• The No. 2 reactor at the Onagawa nuclear power plant on Japan’s northern coast was put back online and is expected to start generating power in early November
• reactor is one of the three at the Onagawa plant, which is 100 kilometers (62 miles) north of the Fukushima Daiichi plant where three reactors melted following a magnitude 9.0 earthquake and tsunami in March 2011
• The Onagawa plant was hit by a 13-meter (42-foot) tsunami but was able to keep its crucial cooling systems functioning in all three reactors and achieve their safe shutdowns.

Japan imports a lot of its energy needs. The restarting of this reactor will be followed by others and will be welcome.

Link to the report for more.

This article was written by Eamonn Sheridan at www.forexlive.com.