Australian news, and some related international items

Japan’s taxpayers will end up paying the $192.5 Billion Dollars estimated cost of the nuclear clean-up

The Total Fukushima Cost is now estimated at $21.5 trillion Yen ($192.5 Billion Dollars) by the Japanese Government,  July 22, 2017Keith Jason Maxwell

The Japanese government said in December that it expects total costs including compensation, decommissioning and decontamination to reach 21.5 trillion yen ($192.5 billion) in a process likely to take at least four decades as highradiation levels slow operations.

The new CEO of TEPCO has recently stated that unless TEPCO can increase its cash flow and profit margin (e.g. rate increases) the company will not be able to continue, or ultimately finish the recovery. In this scenario, the Japanese government will then be responsible for the cost of the recovery.

July 24, 2017 - Posted by | Uncategorized

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