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.
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Welcome to Women Transforming Our Nuclear Legacy (WTONL), a global online mentoring program for women and girls! https://www.nuclearwakeupcall.earth/women-s-project
So far, the nuclear lobby has bought the hearts and minds of governments, but has not won the hearts and minds of the people. In a propaganda war, as in all wars, truth is the first victim. But there are many journalists and others out there who will counter the lies of the nuclear industry.
Today, across the world, the nuclear industry is unpopular. It is particularly unpopular with women, and with indigenous peoples. It’s unpopular with those who have suffered from it, such as the veterans who attended nuclear bomb tests, and the ‘downwinders’ who suffered from those same tests. It’s unpopular with families afflicted with cancer from uranium mining. It’s unpopular with Ukrainians and Japanese whose lives have been disrupted by nuclear disasters.
he nuclear industry is also unpopular higher up in the social food chain. Many academics, economists, scientists, and doctors are concerned about the dangers of all kinds that are intrinsic to the nuclear industry.
So who does like the nuclear industry? – careerists in the nuclear industry, careerists in politics, academia, careerists in the Murdoch media, highly paid uranium workers, communities that exist only because of mining, – (the latter can’t really afford not to support it).
The nuclear industry, following in the footsteps of the tobacco and asbestos industries will now blanket its servant mass media, and any other possible avenues – such as education, and politics, – with propaganda.
The main focus of the nuclear lobby’s propaganda? This will now be CLIMATE ACTION .
They’re spending an awful lot of money on this. Despite this huge investment in deception, the nuclear lobby is not winning.
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They will foist the high level waste from it on the USA and elsewhere