nuclear-news

Closing down of Fukushima nuclear power plant has skyrocketed to US$75 billion

Oil Price 30th March 2018, The decommissioning of the Fukushima nuclear power plant will cost an
annual US$2 billion (220 billion yen) until 2021, an unnamed source told
the Japan Times. Half of the money will be used to tackle the radioactive
water buildup at the site of the plant and for removing radioactive fuel
from the fuel pools. A small amount of funds will be used to research ways
of retreating melted fuel from the reactors that got damaged during the
2011 tsunami disaster.

The US$6 billion for the three years is only part of
the total estimated cost for taking Fukushima out of operation. The total
decommissioning tally came in at US$75 billion (8 trillion yen), as
estimated by the specially set up Nuclear Damage Compensation and
Decommissioning Facilitation Corp (NDF).

That’s four times more than the initial estimate of the costs around the NPP’s decommissioning. Now theoperator of Fukushima, Tepco, and the NDF are due to submit their financial plan for the facility to the government for approval by the energy industry
minister. In addition to the US$6 billion allocated for the cleanup, Tepco
will spend another US$1.88 billion (200 billion yen) on preparing to start
extracting the melted fuel from the three damaged reactors. This seems to
be the biggest challenge for the cleanup efforts because of the still high
radiation levels as well as technical difficulties. https://oilprice.com/Latest-Energy-News/World-News/Total-Tally-For-Fukushima-Decommission-Is-75-Billion.html

April 2, 2018 - Posted by Christina Macpherson | Fukushima continuing