THE estimated cost of cleaning up Japan’s wrecked Fukushima nuclear plant has doubled to nearly 22 trillion yen (£150 billion) and decommissioning expenses are expected to keep on rising, a government panel said yesterday. The figure increases the decommissioning part of the total from 2tn (£14bn) to 8tn yen (£55bn) due to surging labour and construction expenses. Panel officials said the numbers could still grow as experts learn more about the damage to the reactors and determine fuel removal methods. The costs of compensation, decontamination of the area and waste storage are also up significantly. A massive March 2011 earthquake and tsunami caused the plant to suffer multiple meltdowns. Officials say its decommissioning will take several decades. Panel chair Kunio Ito, a Hitotsubashi University professor of commerce, said it was inevitable that plant operator Tepco would pass some of the costs on to customers.
Morning Star 10th Dec 2016 read more »