December 7, 2012

Why the prospects of India's first Nuclear Energy Stock "Nuclear Power Corporation of India" are dim

Nuclear Power Corporation of India India’s cash strapped government has been trying to sell shares of public sector undertakings in 2012 without much success. The general […]
February 7, 2012

First US Nuclear Repository a Distant Dream even as Several Needed

USA has the largest amount of spent nuclear waste in the world and it does not have a single permanent nuclear waste storage site. It is quite shocking that thousands of tons of dangerous nuclear waste is put in temporary locations waiting to start a new disaster in the Fukushima pattern. Note the greatest danger and fallout from the recent nuclear disaster was due to spent nuclear rods . The first site that was being prepared in Yucata mountains is mired in controversy despite millions of dollars being spent.
July 10, 2011

Nuclear Energy Companies,Stocks to Invest In Complete List (Utility,Reactor,Waste,Uranium)

Nuclear Power has come under assault in the aftermath of the Fukushima Nuclear Accident with Nuclear becoming a four letter word.However Nuclear Energy cannot be ignored because its nuclear energy uses are unique in some applications and cannot be substituted by any other means.Nuclear Energy is responsible for generating almost 1/6th of the global production of electricity with Developed Countries like Japan,Europe and USA having 20% or more of their electricity being generated by Nuclear Fission.Currently 31 countries in the world have nuclear reactors producing electricity.The total installed nuclear generating capacity in the world is around 375 GW (WNA) with another 170 GW in planning g state and another 170 GW being proposed.Despite the massive opposition that nuclear power has run into,nuclear companies and nuclear power stocks are not going away soon.This is because of the massive installed base and the nuclear plans of emerging countries.For example Middle Eastern countries like Saudi Arabia,UAE are going ahead with their nuclear power plans as are countries like India and Vietnam.
July 7, 2011

Benefits of Nuclear Energy for World Environment – For and Against

Nuclear Energy has become a hugely contorversial topic after the Fukushima incident in Japan where a nuclear disaster took place because of the earthquake and tsunami.Both the pro and anti nuclear groups have come out with strident arguments for and against nuclear energy.However in some countries like Germany,Switzerland the anti nuclear sentiment has gained so much support that they have decided to permanently end nuclear electricity generation despite the high costs.Before this nuclear based power was gaining ascendancy leading many to call it a nuclear renaissance as countries like China and India made plans to increase their nuclear power plant capacities massively.But the nuclear accident has thrown a spanner in the works with huge protests being seen in India and China despite its authoritarianism also slowing down its nuclear expansion plans.
July 6, 2011

Nuclear Power cost in Kilowatt Hour (kwh) and Comparison Nucler Energy vs Coal Energy cost

Nuclear Power like other forms of Energy cannot be defined by a single cost as nuclear power plants differ in their technology and sources of fuel.No two power plants can have the same cost of electricity production similarly nuclear energy plants cannot have the same kilowatt hour cost.However nuclear energy is known for its very low costs of 2-3c/kilowatt hour which can only be currently be met by coal.But nuclear energy cost is based on older nuclear power plants which have already been depreciated.This cost is also controversial as the costs of nuclear waste storage is generally not included.USA and Japan which are the largest nuclear power producers have not constructed permanent nuclear waste storage sites despite accumulating thousands of tons of nuclear waste.Also these days extra safety measures are being taken due to the Fukushima disaster which means that the costs of nuclear energy is going up.
July 5, 2011

Nuclear Power Plants Pros and Cons – Europe Decides Cons too Disastorous

Nuclear Power Plants around the globe are being closed at a furious rate particularly in Europe.The Fukushima Disaster has caused a nuclear winter in the nuclear power plant industry.Even Nuclear Power Plant Equipment Leaders like Toshiba are changing their strategy to concentrate on Renewable Energy.Even new Nuclear Power Plants being built in India and China are facing massive opposition.New Nuclear Power Plants being built at Jaitapur and Tamil Nadu have met massive organized protests by local citizens throwing the future of nuclear power plants in jeopary.The Communist Government in China too is going slow on the biggest rollout of nuclear power plants in the world.High Cost Escalation and long project delays had already made building new Nuclear Power Plants in the Developed World almost impossible.Japan and Germany which are two of the largest nuclear countries have decided to shut down all nuclear power plants.Switzerland and Belgium too have decided to kill the nuclear power industry in their countries.In this light it becomes very important to examine the pros and cons of nuclear power plants.A cost benefit analysis of nuclear energy is crucial as new plants cost billions of dollars and can cause massive costs if things go wrong as was the case with Chernobyl and Three Mile Island Disasters in the 1980s.
June 23, 2011

Nuclear Power in India Issues – High Costs,Health Hazards,Massive Delays and Not in My Backyard Protests

India has set a target of 20 GW of Nuclear Energy by 2020 from around 5 GW now and has already signed deals with major nuclear equpment suppliers like Areva,GE-Hitachi and Toshiba.However the Nuclear Disaster at Fukushima has changed things on the ground with protests growing by the day.Note only are the proposed nuclear reactors at Jaitapur facing massive protests,even the existing nuclear power plants in India are seeing locals raising their voices.Recently many prominent citizens of India signed a protest letter against the upcoming Jaitapur plants.Note the advantages and disadvantages of nuclear power has been debated on for a long time.The catastropic risk of a nuclear reactor meltdown is the biggest con of nuclear energy and has made it intolerable in a number of countries.After Japan has decided to kill nulcear power in the country,other progressive countries like Germany,Italy and Switzerland too are going to switch off nuclear reactors once the life of the existing plants are over.
May 30, 2011

German Nuclear Power to be eradicated by 2022,Solar Subsidy Cuts Possible as well

German utilities have protested against the move as recently they were buoyed by the decision of the Merkel led government to extend the life of the nuclear reactors by more than 10 years.However the weight of public opinion has made the German government go into the damage control phase ( though too late in my opinion.German power companies too know that going against popular opposition will be quite fruitless.Note Germany faces problems as the replacement of the 7 shutdown nuclear reactors will be difficult to replace.Solar Power has been playing an important role but in winter this problem may become acute.According to some analysts,Germany will have to import power (nuclear as well) from other European countries.This will lead to increase in electricity prices.However its a great win for all forms of Green Energy as Germany has no alternative but to go with Green Energy as Germany does not have abundant reserves of Cheap Gas (like USA).Also Coal has its disadvantages which make it very difficult in an environmentally conscious country like Germany.
May 29, 2011

Switzerland follows Japan in killing Nuclear Energy bowing to huge public protests against Nuclear Power

Switzerland has voted to not build any new nuclear reactors and not to extend the life of the existing nuclear plants once their expected life ends.The […]
May 11, 2011

Japan to Kill New Nuclear Energy (Toshiba),Support Renewable Energy – Will India Learn (Jaitapur)

Nuclear Energy has been dealt a very heavy blow with Japan deciding to stop building any new nuclear plants from now onwards.PM Kan in a dramatic move announced that Japan's plan to build 14 new nuclear reactors which would increase the share of nuclear power to 50% from 30% has been canceled.The new energy plan of Japan will have more focus on renewable energy and energy efficiency.Note Germany had already shut down 7 of its old nuclear plants with immediate effect following the Fukushima disaster.These nuclear reactors have almost no chance of being started back as hundreds of thousands of German protested against nuclear energy and the Green Party won its first government in Germany.Italy and Switzerland too have put their nuclear power plants under review while other countries too are slowing down the approval process for new nuclear reactors.Nuclear Power in its current form seems to be dying in the developed world with other developed countries too facing opposition to nuclear plants.Note the effects of Nuclear Radiation are quite deadly and widespread even in lower doses or sieverts as was brought to the fore during the Fukushima disaster.It can lead to billions of dollars in lost economic activity.Already 3 major disasters have unfolded in the last 40 years in USA,Russia and Japan despite the safety touted by the Nuclear Industry.
May 10, 2011

Toxic Nuclear Waste to be Dumped on Poor Citizens Mongolia by Japan,USA for Toshiba,GE Nuclear Reactors

Mongolia has been chosen by the two countries to open a nuclear wastes storage site for their companies radioactive waste.GE-Hitachi and Toshiba-Westinghouse are two of the three largest nuclear equipment suppliers in the world and have big plans to export billions of dollars of reactors to emerging markets.These will generate huge levels of waste which would need disposing of.Mongolia is a convenient dumping ground as it a developing country with lax environmental laws.The country has big plans for uranium extraction and building on nuclear power plants as well.Another case of dumping of toxic waste on developing countries by developed countries.Note the citizens of Japan and USA have made life difficult for those wanting to construct permanent nuclear waste storage facilities.Having failed to dump dangerous waste near their citizens,the government of these countries plan to dump the radioactive waste on poor citizens of Mongolia.
May 2, 2011

Earthquake prone Nuclear Power Jaitapur Plant Approval by Indian Government shocks civil society;Jairam Ramesh appears biased towards Ruling Party Pet Projects

Indian government seems not to have learned much from the Fukushima Nuclear Meltdown which has thrown millions of Japanese lives out of gear and caused massive disruption to the economy.The Jaitapur Nuclear Power Plant to be built by NPCIL using Areva's experimental nuclear reactors has got the federal government's environmental clearance.Note the protests against the plant had got a political color with local opposition parties getting involved.A number of villagers have already been killed by police firing and further protests are expected.Note India's activist environment minister Jairam Ramesh has proven to be selectively biased towards large industrial projects in Congress ruled states.After appearing to be hero stopping the Niyamgiri project from Vedanta,Ramesh has given the go ahead to politically favored projects.Not a surprise given the endemic corruption present in the ruling coalition which has given birth to a number of corruption scams and scandals.Like everything,even a project of this criticality has acquired a political cover with everyone sounding their party positions without worrying about the possibility of a nuclear meltdown in India.
April 13, 2011

Nuclear Waste Recycling – Why the USA does not do it and France,Japan do,Utility and Problems with Nuclear Reprocessing

Nuclear Recycling is the processing of the nuclear waste generated from the nuclear fuel cycle to extract useful elements like uranium and plutonium which can reused again in the Nuclear Fuel Cycle to generate electricity.About 97% of the used fuel can be recycled leaving only 3% as high-level waste. The recyclable portion is mostly uranium depleted to less than 1% U-235, with some plutonium, which is most valuable. Arising from a year's operation of a typical l000 MWe nuclear reactor, about 230 kilograms of plutonium (1% of the spent fuel) is separated in reprocessing. This can be used in fresh mixed oxide (MOX) fuel (but not weapons, due its composition). MOX fuel fabrication occurs in Europe, with some 25 years of operating experience. The main plant is in France, and started up in 1995.Major commercial reprocessing plants are operating in France and UK, with capacity of almost 5000 tonnes of used fuel per year, - equivalent to at least one third of the world's annual output. A total of some 90,000 tonnes of spent fuel has been reprocessed at these over 40 years.
April 13, 2011

Effects of Nuclear Waste – Mostly Negative for Life

Nuclear Waste is generally a variety of solids,liquids and gases which are produced during the generation of nuclear energy during fission,mining of uranium,nuclear research and weapons production. They are normally classified as low-level, medium-level or high-level wastes, according to the amount and types of radioactivity in them.Nuclear Waste is radioactive and that is the primary cause of the negative effects on human health and bodies.Note Radiation iin small amounts do not cause any lasting damage as humans are exposed to natural radiation from radioactive deposits occurring naturally beneath the earth.However large doses or prolonged exposure to moderate radiation can lead to permanent problems and even lead to death.Note Nuclear Storage Policies are a complete mess around the world with no permanent geological sites being approved.
April 13, 2011

Nuclear Waste Storage – A Complete Mess with Lack of Policy ,Temporary Nuclear Sites in USA,Japan and France waiting for a permanent Nuclear Facility

Nuclear Waste is one of the most difficult waste products to transport and store because of its dangerous radioactive effects.Given the long life of some of the transuranic elements Nuclear Waste has to be stored in a safe manner for thousands of years which is a tough given that the chances of leakage become enormous in such a long time scale.Storing of Nuclear Waste has to be performed in a extremely complicated manner which is also enormously costly.Also there are problems of NIMBY with Nuclear Waste Storage as nearby residents don't want such toxic waste stored anywhere close especially as it does not bring any economic or social benefits.Not there is no permanent storage site despite many decades of planning and billions of dollars being spent.While Japan and Europe reprocess the fuel in the hope that they will be used again that remains a dream with thousands of tons of HLW piling up.USA does not reprocess and also has more than 60,000 tons of nuclear waste waiting for a final home.Till then most of the spent nuclear fuel is being stored in spent fuel pools and dry casks making them vulnerable just like another Fukushima
April 13, 2011

What is Nuclear Waste – Types of Nuclear Waste (High,Low,Uranium Tailings,NORM,Spent Fuel Rods) and Generation

Nuclear Waste has come under sharp focus after the Fukushima Nuclear Disaster in which Spend Fuel Rods were one of the biggest causes of the radioactive emission which has led to the Japanese Accident being labelled as INES Level 7 which is equal to the Chernobyl Accident.One of the biggest disadvantages associated with Nuclear Energy is the problem of Nuclear Waste which is generated after the Nuclear Fuel (Uranium) is processed.The transuranic elements which are produced have half lives of hundreds of years making it a difficult proposition to transport,handle and dispose them.A Number of Nuclear Plants have not factored in the high costs of Nuclear Waste Disposal making it another big issue in the problem of Nuclear Waste Nuclear Waste is the biggest con of Nuclear Electricity after the potential risks of a plant meltdown.Note Nuclear Waste is an ongoing problem and it has not been resolved in the USA where a permanent facility at Yucca mountains has run into a massive controversy.The long life of High Level Nuclear Waste,its pernicious effects on human health and difficulty in handling and storing make it difficult problem.However Nuclear Electricity forms almost 15% of the global electricity production and the tons of Nuclear Waste have to be dealt with however problematic and dangerous it might be
March 31, 2011

Reactor 1 "Recritical" as Radioactive Chlorine Detected, Japan thinking Concrete Burial,Radiation increases to 4385 legal limit in Seawater

The Reactor 1 of the failed Fukushima Daichi plant might be recritical as Radioactive Chlorine has been detected suggesting chain reactions continued after the reactor shut down.This is quite alarming and has made Japan thing about pouring concrete into its crippled Fukushima atomic plant IEAE warned that a potential uncontrolled chain reaction could cause further radiation leaks.The risk to workers might be greater than previously thought because melted fuel in the No. 1 reactor building may be causing isolated, uncontrolled nuclear chain reactions.Dumping concrete on the plant would serve a second purpose: it would trap contaminated water, said Tony Roulstone, an atomic engineer who directs the University of Cambridge’s masters program in nuclear energy.
March 30, 2011

China trace radiation in Guangdong and Shanghai as Reactor 2 might have melted partially;TEPCO will take 30 years,$12 Billion to Decommission Fukushima

The radioactive fallout from the Fukushima Nuclear Disaster is not only keeping Japan on high alert but also its neighbours.China has said that it has detected trace radiation levels from the spreading radiation in its provincial regions bordering Japan.Note most of the Chinese economic centres are situation near the eastern coast near Japan.Its 2 main cities of Guangdong and Shanghai have also detected trace levels of radioactive elements like iodine and caesium.Note China has turned back vessels and people from Japan in the last week because of high radiation levels.
March 29, 2011

High Levels of Caesium found 50 kms from Fukushima,6400 kilobequels (kBq) of caesium per square metre concentration found which is 4 times worse than Chernobyl

The Fukushima Nuclear Disaster shows more dangerous radiation signs each day.While Plutonium Poisoning was found in the soil near the Nuclear Reactors,a more alarming development is the high levels of Caesium being found in areas far away from the plant.Note Caesium is a heavy element which is found in areas of radioactivity like Iodine 130.Caesium has a much bigger half life than iodine and can cause radiation poisoning for a much longer period.
March 29, 2011

Plutonium Radioactive Poisoning – What you need to Know as Fukushima Leaks Dangerous Plutonium

TEPCO the beleaguered Japanese utility said that plutonium was found around the damaged nuclear reactor.Plutonium has been detected in soil at five locations at the Fukushima No. 1 nuclear power plant, Tokyo Electric Power Co. said in a statement on MondayThe company could not confirm which of the reactors in the plant was leaking plutonium which is a very dangerous radioactive element.The No. 3 reactor is the only one at the six-reactor facility to use plutonium in its fuel mix.The United Nations' International Atomic Energy Agency said the find was expected due to known fuel degradation, however Japan's Nuclear and Industrial Safety Agency is highly worried about the radioactivity of the plutonium samples detected.
March 28, 2011

In Japan Dangerous Level of Radioactivity Flares up Contaminates SeaWater,Greenpeace detects harmful radiation in Itate village 40 km north of Fukushima,calls for expanding the 20 km evacuation zone which government rejects,TEPCO asks for French Areva EDF CEA help

Dangerous levels of radiation has been detected in the water around the reactors as the Japanese government says that a partial meltdown has occured.While there is no confirmation about cracks in the pressure and containment vessels around the reactors,the radiation in the water inside Unit 2 has tested at radiation levels some 100,000 times normal amounts.Workers also discovered radioactive water in the deep trenches outside three units, with the airborne radiation levels outside Unit 2 exceeding 1,000 millisieverts per hour _ more than four times the amount that the government considers safe for workers.TEPCO officials said Sunday that radiation in leaking water in Unit 2 was 10 million times above normal.TEPCO has been giving confusing figures for radiation making it all the more difficult in understanding the gravity of the nuclear crisis.Note this disaster is only second to Chernobyl in its scale of radiation destruction.Tokyo and other parts have reported intermittently about high radiation in water and air.A ship from Mitsui was recently turned back from a Chinese port because of high levels of radiation.
March 19, 2011

Nuclear Energy in India faces More Local Opposition (NIMBY) as Kovvada join Jaitapur Plant

India's ambitious nuclear energy plan to add around 2G of Nuclear Plant Capacity is running into more and more hurdles each day.Nuclear Energy in India got a boost when India and USA signed a 123 agreeement which removed India's pariah position in the International Nuclear Community allowing transfer of nuclear equipment and material.However the Japanese Nuclear Disaster has thrown a spanner into the works.The Jaitapur Nuclear Power Plant in Maharashtra was already seeing huge protests from local villages and political parties.The news of the Nuclear Radiation from the Fukushima plant has added fuel to the Nuclear Fire it seems.Note only have the Jaitapur protests become more stringent but another planned plant in Kovvadu village in the south eastern state of Andhra Pradesh has run into trouble.Villagers from all 150 villages took out a rally demanding withdrawal of the proposed nuclear power plant in the wake of ongoing nuclear crisis in Japan.I had earlier written that the Biggest Fallout Effect of the Japanese Nuclear Accident would be the Not in My Backyard (NIMBY) opposition of all existing and proposed Nuclear Energy Reactors globally and this is exactly what is happening.
March 16, 2011

Japanese Nuclear Crisis Worsens as US says Partial Meltdown occurred, IAEA says Very Serious, Spent Fuel Rods Biggest Danger,Panic Flight from Tokyo,Yen Strengthens even more

Japan's Nuclear Crisis has taken a turn for the worse as US Energy Sectratary CHU saying that a Partial Meltdown has occured.Even IAEA has said that the situation has turned very serious with 4 of the reactors suffering from core damage and 3 of the reactors have their spent fuel rods exposed to the atmosphere as cooling systems have failed.While Japan has almost imposed a news blackout,the damaging news comes from the US administration which has said that the crisis exceeds that of the Three Mile Island already.Japan has doubled the number of workers as the crisis continues to escalate.Authorities battling the nuclear disaster at the Fukushima Daiichi power plant have doubled the number of workers on the site to 100.Helicopters have failed to cool the plant using water due to radioactive plumes and now the desperate Japanese are planning to use water cannons to spray the pools.
March 16, 2011

Fukushima Disaster – Tepco Battles Damaged Nuclear Cores and Exposed Fuel Rods,Spent Fuel Pool Boiling,New Risks from Rising Temperature at Reactors 5 and 6,GE under fire for faulty Mark1 Design

The situation at the Fukushima Dai-Ichi power plant continued to be desperate as new fires and explosions rocked the nuclear plant.The utility which owns and operates the Nuclear Reactors Tepco said that the containment structure may have been damaged as smoke was seen from top of one of the reactors.70% of the Fuel Rods at Nuclear Reactor 1 and 33% at Reactor 2 have been exposed.This means that these fuel rods are not being cooled and may be melting leading to increased radiation poisoning hazards.New Fire broke out on the morning of 16th March at Reactor No.4 and containment chamber at Reactor 2 is damaged from Reactor 2.The problems at the Nuclear Plant seems to be increasing with no solution in sight.What is worse is that the 2 reactors No.5 and 6 which have been dormant all this time have all seen their temperature .increasing.Temperatures in the spent fuel rod cooling pools of the shuttered No. 5 and No. 6 reactors were rising as of 7 a.m. today to about 60 degrees Celsius (140 degrees Fahrenheit)
March 15, 2011

Nuclear Energy Backlash picks up pace in Europe,Asia in the wake of Fukushima Nuclear Poisoning

The backlash against the new and existing Nuclear Power Plants has started in different places around the world despite defiant expressions by Nuclear Plant Owners and Operators.While China and Italian utility Enel have said that they will go ahead with their billion dollar investment plans,Switzerland and Germany have put nuclear plant extensions on hold.Note Germany had extended the life of Nuclear Plants in the country by 10 years after extensive lobbying by the Nuclear Industry.This had led to huge protests from the Opposition Greens but the government had gone ahead in order to reduce Power Costs.However Merkel has been forced to eat humble pie and has said that a 3 month review will be done to check the safety of the Nuclear Reactors.Switzerland has also come out and put the plans for new Nuclear Reactors on Freeze.
March 15, 2011

Nuclear Radiation Levels and Effect on Human Health as Sieverts increase in Japan – What you need to Know

The explosion and fire at the Japanese Nuclear Plant in NorthEast of Japan has led to the release of a small nuclear plume above the reactors.The southern winds have caused this radiation to spread in many of the prefectures in Japan and cesium and other radioactivity has been detected in the capital of Tokyo.Note Radiation does not affect the human body in small doses as radiation is present in our everyday lives at well.However the increase in radiation concentration can lead to severe health hazards and in extreme cases even death.It is almost impossible to escape radiation effects unless one has special nuclear,biological warfare protective equipment.Note Radiation in Japan is still at quite mild levels and seems unlikely to cause any major health hazard.Radiation will need to increase about 1000 times from the current level for the situation to become serious as of now
March 15, 2011

Fukushima Daiichi Leaks Dangerous Radiation,Tokyo under Threat as Nuclear Reactor Containment Damaged,Fire and Explosions, Asian Markets Melt Down,Nikkie down 11%

Japan's Nuclear Disaster took a turn for the worse as another Fire and Blast in the Nuclear Reactor led to Severe Radiation Leak.Japan's PM warned people within 20 miles of the Plant to evacuate and within 30 miles to remain indoors.There is a high probability of the Nuclear Containment Vessel may get Damaged as Temperatures kept rising with the failure of the Cooling Systems.Radiation Levels at the reactor reached 965.5 micro sievert per hour, later jumping to 8,217 micro sievert at 8:31 p.m. The level would be more than eight times the 1,000 micro sievert limit to which people can be exposed in one year without effect, according to the report.The Wind was blowing south which implies that one of the highest population density cities in the world - Tokyo might feel the affects of Radiation.Prime Minister Naoto Kan urged calm in a national address Tuesday.
March 14, 2011

Japanese Nuclear Meltdown Effect – Not in My Back Yard (NIMBY)

The Japanese Nuclear Plant Explosions would have sent shivers down the throats of everyone living near Nuclear Plants.Note Japanese Nuclear Plants are thought to be one […]