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

37 Comments
By Kyoko Hasegawa

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© 2012 AFP

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

12 ( +13 / -0 )

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.

15 ( +14 / -0 )

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.

14 ( +14 / -0 )

“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.

4 ( +4 / -0 )

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.

0 ( +0 / -0 )

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?

4 ( +4 / -0 )

Stop worrying about CO2 emissions.

Because that will help...

0 ( +1 / -1 )

Back on topic please.

0 ( +0 / -0 )

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

Whose going to pay for it?

0 ( +0 / -0 )

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?

1 ( +1 / -0 )

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.

7 ( +7 / -0 )

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.

10 ( +10 / -0 )

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.

1 ( +1 / -0 )

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.

9 ( +9 / -0 )

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

1 ( +1 / -0 )

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?

5 ( +5 / -0 )

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.

6 ( +6 / -0 )

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.

1 ( +2 / -1 )

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.

7 ( +8 / -1 )

AND the rest.

0 ( +0 / -0 )

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

1 ( +2 / -1 )

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.

0 ( +1 / -1 )

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

1 ( +1 / -0 )

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 ( +0 / -0 )

oops, "shields" it should be.

0 ( +0 / -0 )

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 ( +2 / -1 )

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.

-1 ( +1 / -2 )

Wasn't there an article last week about how they had over-estimated the costs?

0 ( +0 / -0 )

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 ( +0 / -0 )

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

0 ( +0 / -0 )

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.

-2 ( +0 / -2 )

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.

0 ( +0 / -0 )

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 ( +1 / -0 )

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.

-1 ( +0 / -1 )

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 ( +0 / -0 )

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...

0 ( +0 / -0 )

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.

-2 ( +0 / -2 )

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