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Fukushima Daiichi cost estimate hits $188 bil. www3.nhk.or.jp
The Japanese government says the total cost of cleaning up and providing compensation for the Fukushima Daiichi nuclear disaster may end up being twice as much as an earlier estimate.
It says the figure could reach 21.5 trillion yen, or about 188 billion dollars at the current rate.
The industry ministry announced a new cost estimate at a panel of experts on Friday. The panel discusses ways to share the costs of scrapping the reactors as well as decontamination costs, compensation and other payouts.
The ministry's earlier projection of the total cost was about 98 billion dollars.
The new estimates say the cost of scrapping the reactors will likely quadruple to about 70 billion dollars due to the difficulty of the task and the lengthy period of time needed to remove the molten fuel.
It is estimated that compensation to individuals and companies will grow from the initial 47 billion dollars to about 69 billion dollars, as farming-related payouts are expected to rise.
The cost of decontaminating the land is also estimated to grow from 31 billion dollars to about 49 billion dollars.
The government plans to urge the plant's operator, Tokyo Electric Power Company, to carry out further corporate restructuring. It also plans to create a system by which other major utilities and newcomer power suppliers can share the financial burden. It will also require consumers to shoulder part of the burden through higher electricity bills.
Published Date:2016-12-09
