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Massive underestimation of Cost to scrap Fukushima nuclear plant Japanese officials admit

Money down holeCost to scrap Fukushima nuclear plant massively underestimated, Japanese officials admit A revised figure expected by the end of the year could be more than double the current price tag  SCMP,  25 October, 2016, The cost of cleaning up Tokyo Electric Power’s wreckedFukushima Daiichi nuclear plant may rise to several billion dollars a year, from less than US$800 million now, Japan’s industry ministry said on Tuesday.

The increased cost projections appeared in ministry documents prepared for a panel tasked with devising a viable financial plan for the utility company known as Tepco, which is struggling to cope with rising costs at its Fukushima plant nearly six years after the world’s worst nuclear disaster since Chernobyl.

Japan’s Minister of the Economy, Trade and Industry, Hiroshige Seko, told reporters after the panel meeting, its second, that the government will provide a firmer estimate for annual decommissioning costs for the nuclear plant by the end of the year,

Surging decommissioning costs are being addressed by the panel but it is also looking into options including a break up of Tepco, which is under state control after an earthquake and tsunami sparked meltdowns at the Fukushima reactors in March 2011……..

The meltdowns of three reactors released radiation over a wide area, contaminating water, food and air, and forcing more than 160,000 people to evacuate.

Dismantling the reactors is expected to take about 40 years, but Tepco is still struggling to contain radioactive water from the plant and has said it can’t predict the eventual total costs of the clean-up and decommissioning. http://www.scmp.com/news/asia/east-asia/article/2039929/cost-scrap-fukushima-nuclear-plant-massively-underestimated

October 27, 2016 - Posted by | Fukushima 2016

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