What About Those Mitsubishi Nuclear Reactors That EFH/Luminant Wants for Comanche Peak? Somervell County Salon-Glen Rose, Rainbow, Nemo, Glass....Texas


 

What About Those Mitsubishi Nuclear Reactors That EFH/Luminant Wants for Comanche Peak?
 


18 March 2011 at 3:25:03 PM
salon

Last night I read that the same company that made the Fukushima reactor is the same one involved with the reactor proposed for South Texas.(Houston Chron)

Tokyo Electric Power Co., which owns the crippled Fukushima Daiichi plant, was expected to invest in the STP expansion if the project was awarded a federal loan guarantee. In addition, NRG has said it would also rely on loan guarantees from the Japanese government to build the new reactors.

It now seems unlikely that either entity will be in a position to invest in the U.S. nuclear industry any time soon.

That made me wonder about what the arrangements were in the joint venture Luminant made with Mitshubishi. That would be for the UNTESTED Mitsubishi reactor. (Dominion also wants that same untested reactor).  (Don't forget also that Luminant went ahead wth the process of getting these reactors BEFORE they have been even approved!

I already know that Luminant as recently as last week said that the additional reactors could not be built without US government subsidies; ie, corporate welfare on the backs of taxpayer-backed government loans. But what about Mitsubishi? Back in 2009 I wrote about how the joint venture was going to require money from Japan.

Luminant and MHI will seek official support for financing from the U.S. and Japanese governments.

What's the status of this? Since the reactors are still waiting for design approval from the NRC , did Japan already approve giving money to Mitsubishi in subsidies? Under what conditions? If this like the South Texas project, would the Japanese government follow through with the subsidies IF the nuclear reactor design is approved?

Some additional reading while we're on the subject. Who benefits from this joint venture? Non US workers and corporations.

Read all the mitsubishi tagged things we've written here.

 

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