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Wednesday
Dec212016

Japan cancels failed $9bn Monju nuclear reactor

As reported by BBC:

Japan is scrapping an experimental reactor which has worked for just 250 days of its 22-year lifespan and cost $9bn (£7.2bn).

The Monju reactor, in western Japan's Fukui city, was designed to burn most of its own spent fuel, eliminating the need to deal with the nuclear waste.

But it suffered its first problems months after it went live, and has not worked properly since.

It would now need billions more for safety upgrades to be restarted.

"We have decided to decommission Monju because restarting it would require significant time and cost," chief cabinet secretary Yoshihide Suga said.

The article goes on to further report:

According to the Japan Times, Monju will cost at least 375bn yen ($3.2bn; £2.6bn) to decommission and will only be fully dismantled by 2047.