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Fukushima Cleanup Estimated Cost Hits $178B, Way Above Initial Numbers

Image: Fukushima Cleanup Estimated Cost Hits $178B, Way Above Initial Numbers

A Tokyo Electric Power Co. (TEPCO) employee, wearing a protective suit and a mask, walks in front of the No. 1 reactor building at the tsunami-crippled Fukushima Dai-ichi nuclear power plant in Okuma, Fukushima Prefecture, northeastern Japan on Feb. 10, 2016 . (Toru Hanai/Pool Photo via AP, File)

By    |   Tuesday, 29 Nov 2016 06:20 PM

The estimated cost of cleanup at Fukushima Nuclear Power Plant, damaged in an earthquake in 2011, is now $178 billion, more than triple the amount initially estimated by the government and nearly double their most recent revised estimate. 

The earthquake caused serious damage to the plant, leading to a nuclear crisis with radiation leakage and possibly even a surge in childhood cancer for those living near the plant, according to UPI.

Costs include $44.5 billion for decontamination and $71.3 billion for compensation to victims of the accident.

The Ministry of Economy, Trade and Industry had originally estimated cleanup costs to be about $50 billion right after the meltdown and increased the number to $100 billion three years later.

The earthquake and tsunami that caused the damage also killed more than 18,000 people, displaced tens of thousands, and destroyed or damaged more than a million buildings. Close to 4,000 roads, 78 bridges, and 29 railways also were damaged.

The Japanese government has long pledged to make Tokyo Electric Power, which owned the plant, pay for the damage. On Monday, however, it said electricity consumers would probably end up paying for at least some of the costs through higher electric bills, according to the BBC.

It is expected to take more than 30 years for Tepco to pay back the total amount of the cleanup, though it is now being helped with interest-free loans by the government, the Japan Times reported.

Another earthquake hit the same area last week but caused only minor damage and injuries and did not affect the stability of the nuclear plant.

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The estimated cost of cleanup at Fukushima Nuclear Power Plant, damaged in an earthquake in 2011, is now $178 billion, triple the amount initially estimated by the government and nearly double their most recent revised estimate.
fukushima, cleanup, estimated, cost
267
2016-20-29
Tuesday, 29 Nov 2016 06:20 PM
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