New estimates for costs of Fukushima decontamination

12 April 2016

Japan's Board of Audit estimates that efforts to remove radioactive fallout resulting from the accident at the Fukushima Daiichi NPP would cost more than $27bn by the end of the current fiscal year. This is the first review since the government projected in December 2013 that decontamination would cost $22bn in total. The board made new calculations based on an account balance and budget for six fiscal years. The new estimate goes to the end of March 2017. The government plans to use revenue from selling effectively state-owned shares of Tokyo Electric Power Company (Tepco) to cover the cost. Any shortages will be the responsibility of Japanese utilities which operate nuclear plants. However, the auditors say it is unclear whether Tepco shares could be sold at high prices while decontamination costs rise.

Privacy Policy
We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.