TEPCO Soon to Decide to Scrap Fukushima No. 2 N-Plant

Economy

Tokyo, July 19 (Jiji Press)--Tokyo Electric Power Company Holdings Inc. <9501> plans to decide at a board meeting late this month to decommission all four reactors at its Fukushima No. 2 nuclear power plant, informed sources said Friday.

In June last year, TEPCO President Tomoaki Kobayakawa unveiled a policy of scrapping the plant in Fukushima Prefecture, northeastern Japan.

TEPCO now believes that it can secure funds to cover costs for the decommissioning and workers needed for the work, the sources said.

All 10 nuclear reactors in the prefecture will thus be decommissioned, including the six reactors at TEPCO's Fukushima No. 1 plant, which suffered a triple meltdown in the March 2011 powerful earthquake and tsunami.

TEPCO plans to shortly inform the Fukushima prefectural government of its decision to decommission the Fukushima No. 2 plant, the sources said.

[Copyright The Jiji Press, Ltd.]

Jiji Press