Nuclear Energy has come under the spotlight after the Japanese nuclear plant disaster with people focusing on the strengths and weaknesses of nuclear power.One of the most important aspects of nuclear based power is that it is highly efficient.Nuclear Energy is currently the most efficient power source in terms of the fuel required,land area needed and also the waste it produces.The reason for this is that nuclear based electricity is primarily produced from nuclear reactions while other forms of energy like natural gas,coal and oil use chemical reactions.Other such as wind energy convert mechanical energy into useful energy.Nuclear Power currently is mostly produced through nuclear fission as nuclear fusion is still in infancy and its not certain that mankind will be able to use nuclear fusion in a safe manner to generate energy.

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.

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.

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.

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.

Japanese Nuclear Giant Toshiba which is the second largest seller of complex nuclear equipment globally is looking to shift its focus towards Renewable Energy and Energy Efficiency.The company is already facing delays in shipping nuclear reactors to customers as the Fukushima Disaster makes governments around the world rethink their nuclear power ambitions.The Nuclear Energy Disadvantages are winning over the Advantages currently in public sentiment.Toshiba which acquired US Westinghouse has a target of selling 39 nuclear reactors which is getting delayed.With advanced nuclear power countries like Germany,Switzerland and Japan killing nuclear energy,the going looks tough for Toshiba.The company was already facing tough competition from the GE-Hitachi and Areva as well as new players from South Korea and China in the nuclear equipment market.