Fukushima Cleanup Estimate Doubles to ¥21.5 Trillion (News)


Tokyo, Dec. 9 (Jiji Press)—The Japanese industry ministry said Friday that it has doubled its estimate for costs related to the 2011 meltdown at the Fukushima Daiichi nuclear power plant to ¥21.5 trillion from some ¥11 trillion.

The costs include ¥8 trillion for decommissioning, up from ¥2 trillion, ¥7.9 trillion for compensation, up from ¥5.4 trillion, ¥4 trillion for decontamination, up from ¥2.5 trillion, and ¥1.6 trillion for building and operating interim storage facilities for radioactive waste, up from ¥1.1 trillion.

The new estimate was presented at a meeting of an experts' panel commissioned by the ministry to devise reform measures for Tokyo Electric Power Company Holdings Inc., the operator of the disaster-crippled nuclear plant in the northeastern prefecture of Fukushima.

TEPCO will cover the decommissioning costs from its profits. The profits TEPCO earns in its power grid operations will be used to fund decommissioning work on a priority basis, rather than for lowering electricity bills.

To help TEPCO pay other costs, the ministry will expand the maximum amount of the government's credit line to TEPCO to ¥13.5 trillion from ¥9 trillion.

[Copyright The Jiji Press, Ltd.]

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