Work to scrap the crippled Fukushima Daiichi nuclear plant and deal with radioactive water buildup at the site is expected to cost around 220 billion yen annually over the three-year period from fiscal 2018, a source close to the matter said Thursday. It is the first time that Tokyo
Work to scrap the crippled Fukushima Daiichi nuclear plant and deal with radioactive water buildup at the site is expected to cost around 220 billion yen annually over the three-year period from fiscal 2018, a source close to the matter said Thursday.
It is the first time that Tokyo Electric Power Company Holdings Inc (TEPCO) and the state-backed Nuclear Damage Compensation and Decommissioning Facilitation Corp, or NDF, have provided an estimate of annual costs for cleaning up the Fukushima Daiichi complex, more than seven years after the tsunami-triggered nuclear crisis.
TEPCO and the NDF will soon submit the financial plan to the government to gain approval from industry minister Hiroshige Seko. The NDF, established after the Fukushima crisis, holds a majority stake in TEPCO, and instructs the utility on how to effectively decommission the plant.
The outlay plan comes as total costs to scrap the nuclear plant have ballooned. A government panel report in December 2016 raised its estimate for total decommissioning expenses to 8 trillion yen from an initial estimate of 2 trillion yen.
