Tokyo Electric Power Co. estimates that 1.37 trillion yen ($12.6 billion) will be needed over 12 years to remove melted nuclear fuel from reactors at the crippled Fukushima No. 1 nuclear power plant. TEPCO’s announcement on March 30 covers only two of the three reactors that suffered meltdowns triggered by the 2011 Great East Japan Earthquake and tsunami. No estimate was attempted for the cost to prepare for the removal of melted nuclear fuel from the No. 1 reactor. The situation at that reactor is the most difficult among the three reactors, and TEPCO officials are still struggling to come up with a plan for removing the debris from within. The estimate covers the period between fiscal 2020 and fiscal 2031. Of that amount, 350 billion yen will be applied as a special loss to the company’s balance statement for the fiscal year ending March 31, 2020.
Asahi Shimbun 31st March 2020 read more »