TEPCO takes risk over soaring costs at Tokai nuclear plant
The Tokai No. 2 nuclear power plant in Tokai, Ibaraki Prefecture, in July last year
March 15, 2019
Tokyo Electric Power Co. and other utilities are taking a huge gamble by providing hundreds of billions of yen (billions of dollars) to restart an aging nuclear power plant in need of safety upgrades.
Japan Atomic Power Co. intends to resume operations of the one reactor at the Tokai No. 2 nuclear plant in Ibaraki Prefecture in January 2023, but 300 billion yen–nearly double the initial estimate–is reportedly needed to ensure its safety.
TEPCO, which will be provided with electricity from the Tokai plant, will offer 190 billion yen, or two-thirds of the total cost. Tohoku Electric Power Co., Chubu Electric Power Co., Kansai Electric Power Co. and Hokuriku Electric Power Co. will also offer financial support.
But it remains unclear whether municipalities around the plant will approve the plan to restart the reactor.
If Japan Atomic Power fails to win consent from the local governments and is forced to scrap the Tokai No. 2 plant, TEPCO and other power distributors could suffer big financial losses.
TEPCO was effectively turned into a state property after the crisis unfolded at the Fukushima No. 1 nuclear power plant in March 2011. With taxpayers’ money injected into it, TEPCO’s plan to offer assistance to another operator’s nuclear facility that has no clear prospects of restarting will inevitably provoke controversy.
Read more :
1 Comment »
Leave a Reply
-
Archives
- July 2022 (61)
- June 2022 (277)
- May 2022 (375)
- April 2022 (378)
- March 2022 (405)
- February 2022 (333)
- January 2022 (422)
- December 2021 (299)
- November 2021 (400)
- October 2021 (346)
- September 2021 (291)
- August 2021 (291)
-
Categories
- 1
- 1 NUCLEAR ISSUES
- business and costs
- climate change
- culture and arts
- ENERGY
- environment
- health
- history
- indigenous issues
- Legal
- marketing of nuclear
- media
- opposition to nuclear
- PERSONAL STORIES
- politics
- politics international
- Religion and ethics
- safety
- secrets,lies and civil liberties
- spinbuster
- technology
- Uranium
- wastes
- weapons and war
- Women
- 2 WORLD
- ACTION
- AFRICA
- AUSTRALIA
- Christina's notes
- Christina's themes
- culture and arts
- Fuk 2022
- Fukushima 2017
- Fukushima 2018
- fukushima 2019
- Fukushima 2020
- Fukushima 2021
- general
- global warming
- Humour (God we need it)
- Nuclear
- RARE EARTHS
- Reference
- resources – print
- Resources -audiovicual
- World
- World Nuclear
- YouTube
-
RSS
Entries RSS
Comments RSS
They will foist the high level waste from it on the USA and elsewhere