TEPCO needs $12.6 billion to remove melted nuclear fuelChristian Fernsby ▼ | March 31, 2020
Tokyo Electric Power 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.
Japan Tokyo Electric Power
Topics: TEPCO nuclear
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.
The utility had already released its plan for decommissioning the three reactors, which foresaw a start to removing melted nuclear fuel from the No. 2 reactor before the end of 2021, while removal would begin for the No. 3 reactor by 2031.
In announcing its expected profits for the current fiscal year, TEPCO also outlined its estimated expenses for melted fuel removal over the next 12 years.
A total of 330 billion would be needed as preparatory measures, such as further examining the interior of the No. 2 reactor and decontaminating radiation from the area around the three reactors.
Another 20 billion yen is expected to be spent for trial removal of melted nuclear fuel from the No. 2 reactor, while 1.02 trillion yen would be required to construct the facilities needed to remove the melted fuel from the No. 2 and No. 3 reactors.
The construction cost would be written off as a special loss from TEPCO’s balance statement in the fiscal year when the work takes place.
TEPCO forecasts a net profit of 79 billion yen for the current fiscal year, a decrease of 66 percent from fiscal 2019. Sales are expected to decrease by 2.2 percent to 6.199 trillion yen. ■