TEPCO says Fukushima clean-up costs may double to Y10 tril

The requested article has expired, and is no longer available. Any related articles, and user comments are shown below.

  • 12

    hereforever

    Perhaps they'd have enough money if they didn't spend the designated funds on things like promoting Skytree and renovation Tokyo government offices.

  • 15

    MiuraAnjin

    This is just the beginning. In the UK the Nuclear Decommissioning Authority has no idea how long it will take, and how much it will cost, to clean up the Sellafield site which was shut down not by a tsunami, but just because it's 50 years old.

    www.bbc.co.uk/news/uk-england-cumbria-20228176

    It's time for the world to wake up and follow Germany's lead. Nuclear generated energy is many, many times more expensive than that generated by fossil fuels and "alternatives", so much more expensive that it is currently impossible to calculate how much.

    Stop worrying about CO2 emissions. THESE kind of emissions are a greater danger.

  • 14

    zichi

    This is a gross under estimation. By 2050, the cost will be nearer to ¥30-50 trillion. TEPCO should be sold off leaving just the section dealing with the nuclear disaster. The Head Off ice should be moved to Fukushima. The "clean up" will take tens of decades well into the end of this century and maybe even into the next. The last atomic plant closed down in the UK will take 90 years to decommission.

  • 4

    warispeace

    “If we address the swelling costs by doubling the amount of government bond issuance (to 10 trillion), our firm will become an entity only for the purpose of dealing with post-accident issues,” a company statement said.

    “It will become difficult for us to raise money from the private sector, so we will have to rely on the government for the financing of all of our business.”

    This should no longer be a for profit business. They have proven that they cannot operate technically or ethically. Basically it has already become a state operation all but in name. This should be made official and then where possible the utility should be decentralized, after some European models.

  • 0

    waltery

    It's good to see full disclosure, hope it continues and the follow up plans. I hope some good will come from this natural disaster, terrible accident and effort to clean up.

  • 4

    marcelito

    Yes - of course they need more taxpayer money - there are lots more pockets to be lined. The yaks, amakudari "advisors and consultants" and their contracting companies and the rest of the leeches know well that this is their honey pot for years and years. Maybe the government can pass some more tax increases on the average Taro and pretend that it is all in the name of "kizuna". Meanwhile none of the incompetent management / board responsible for this fiasco are facing court and their golden parachutes and salaries are still how much again?

  • 0

    Heda_Madness

    *Stop worrying about CO2 emissions. *

    Because that will help...

    • Moderator

      Back on topic please.

  • 0

    valley-of-the-shadows

    TEPCO says Fukushima clean-up costs may double to Y10 tril

    Whose going to pay for it?

  • 1

    fds

    if TEPCO can't afford it, aren't they bankrupt? and if they are bankrupt, shouldn't current management all be fired and a bankruptcy trustee be running the show and checking where all the money goes?

  • 7

    zichi

    Whose going to pay for it?

    Future tax payers along with the cost of storing all the spent nuclear fuel, the debris from the Fukushima plant.

  • 10

    zichi

    TEPCO are spending billions rebuilding the second Fukushima plant which was also damaged by the earthquake and tsunami but with little hope it will ever again get permission to restart.

  • 1

    soldave

    zichi - I'm guessing permission won't get given unless the right pockets are lined. Public opinion certainly won't be a factor as to whether it gets restarted or not.

  • 9

    smithinjapan

    Absolutely no more money for these clowns! If they are heading towards a profit again next year while still not paying out any of the compensation money, and the government uses donations and money earmarked for relief towards whaling, promotion of sky tree, contact lens factories, and highways in Okinawa -- clearly there's already more than enough money to do what's actually needed.

  • 1

    gogogo

    Yes yes give more money to construction companies that you already own.... bleed money from the government...

  • 5

    Jotter Verhaeghe

    If only the government would have the guts to use trillion yen when talking about investing in renewable energy. (not in research, but in the actual thing) Surely TEPCO is done for, but isn't this the time to give the local producers in other areas the chance to build renewables?

  • 6

    zichi

    soldave,

    before restarting a reactor the permission of the governor is usually sought but its not a legal requiremnet. The governor of Fukushima has stated he won't give his permission for any reactor restarts.

    At the second Fukushima plant there's also the problem of radiation contamination from the first plant. At the second plant, reading are higher outside than inside.

  • 1

    kwatt

    The cost of clean up and others would double to 1000 trillion yen, not 10 trillion and possibly take more than 100 years. All taxpayers will pay for that finally.

  • 7

    herefornow

    But on Wednesday, as they presented a new management plan, the company said it was looking at a bill of up to 10 trillion yen—around 2% of Japan’s gross domestic product.

    2% the of the GDP just to clean up the mess!!!!! How cheap was all that cheap energy now? Japan Inc. makes victims of the citizens once again.

  • 0

    YongYang

    AND the rest.

  • 1

    cornbread1

    Around and round we go--the socialization of losses...and the privatization of profits. The biggest ponzi scheme out there.

  • 0

    tmarie

    Have they sold off all their land and demanded any of the bonuses back from those with blodd on their hands? No? Then don't use my tax money to bail of this greedy, inept company any more than the government already has. Japan really does have a suicide mission.

  • 1

    saru_au

    the cheap, safe alternative, with a lasting taste that lasts for generations to enjoy and pay for centuries to come!

  • 0

    nandakandamanda

    There may be more money to be made in the nuclear clean-up field (shileds, storage tanks, cranes, back-up systems, robotics, protective wear, filtering systems, etc.) than in renewables, although I would never suggest such a thing in public.

  • 0

    nandakandamanda

    oops, "shields" it should be.

  • 1

    Disillusioned

    Shimokobe stressed that he believed that TEPCO should be revived as a fully-fledged private-sector entity, to achieve its mission of compensating those affected by the disaster and providing a stable supply of energy.

    The only reason they want to do this is so they can increase electricity costs to pay for their 'man-made' disaster. The company should be dismantled and the management should be facing criminal charges.

  • -1

    moomoochoo

    I just hope we don't stick to the one method of power generation. You know what they say " Don't put all your eggs in the one basket."

    Just as everyone converts to solar power, a super-volcano erupts blanketing the world in darkness....shortly by an asteroid impact.

  • 0

    Disillusioned

    Just as everyone converts to solar power, a super-volcano erupts blanketing the world in darkness....shortly by an asteroid impact.

    Gees! Pessimistic much?

  • 0

    sighclops

    So, elephant in the room - when are we going to see some arrests over this disaster?

  • -2

    issa1

    Send the bill to Mr. kan-kan. He is responsible the accident of fukushima. Several experts are unanimous in stating than the 50 minutes lost by the delay in the start of cooling the reactor was a determining factor to accident. Mr. kan,you deceived the Japanese less enlightened, but you're certain to go down in history as the worst Prime Minister this country ever had.

  • 0

    Cho88

    If we address the swelling costs by doubling the amount of government bond issuance (to 10 trillion), our firm will become an entity only for the purpose of dealing with post-accident issues, a company statement said.

    That's all we expect from you now.

  • 1

    Steve Mcgrew

    it is going to cost 10 trillion yen and take many decades just to complete the R&D and build suitable equipment and storage facilities before the clean up and dismantling of the damaged plants can even begin...TEPCO and your own Government is feeding you a large steaming pile of bull manure and hoping you will eat it all without question or complaint.

  • -1

    JoshuYaki

    Part of he expense is executives salaries, raises, bonuses etc. But we all got into bed with nuclear power when we decided it was okay and we live in a society that uses as much electricity as we do. Its not just Tepco its all of us.

  • 0

    Fadamor

    This came as no surprise to me. The longer the corium remains undiscovered, the longer the irradiation will occur and the more it will cost to clean up. A year and a half later, they are STILL just maintaining the status quo rather than actively doing anything to clean the reactor site. It's almost like they're waiting for the Cesium to reach its half life.

  • 0

    breakbeatz

    Scientists need to come together and find a better way of counter acting nuclear radiation or there will be no hope for us all. Einstein is turning in his grave...

  • -2

    alladin

    Tepco said the clean up cost will double, I don't think so, I think it will triple with the way that things are presently going right now.

Login to leave a comment

OR
  • TOEICインストラクター

    TOEICインストラクター
    Berkeley House Language Center / バークレーハウス語学センター、東京都
    給与:時給 3,000円 相談可
  • TOEFL・IELTSインストラクター

    TOEFL・IELTSインストラクター
    Berkeley House Language Center / バークレーハウス語学センター、東京都
    給与:時給 3,500円 相談可
  • 海外留学担当者

    海外留学担当者
    Berkeley House Language Center / バークレーハウス語学センター、東京都
    給与:月給 25万円 ~ 35万円 相談可
  • 営業/建設機械  

    営業/建設機械  
    MB Japan 株式会社、埼玉県
    給与:給与要相談 歩合制 給与参考例・・・2013年度営業職月給平均 45万円  
  • PR and Communication Specialist

    PR and Communication Specialist
    Italian Chamber of Commerce in Japan、東京都
    給与:給与についての記載なし

More in National

View all

View all