Japan Considers Subsidies to Help Restart Idled Nuclear Plants
- Most reactors remain offline due to strict safety measures
- Existing reactors could receive support for required upgrades
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Japan’s government is considering a plan to help subsidize required upgrades at idled nuclear power plants, in the latest move to quickly boost the nation’s atomic energy.
Under the proposed plan, existing nuclear plants would be able to participate in an auction next year to receive subsidies for necessary upgrades to meet the country’s safety standards, according to documents from the Ministry of Economy, Trade and Industry. Projects selected would then get a subsidy for 20 years to help cover costs, the document said.