Latest news with #decommissioning
NHK
14 hours ago
- Business
- NHK
TEPCO posts huge loss for April-June over reactor decommissioning prep
Tokyo Electric Power Company Holdings has posted a huge loss for the April-June period, as it booked costs of preparing to decommission the crippled Fukushima Daiichi nuclear plant. The firm said on Thursday that its net loss for the period came to over 857. 6billion yen, or roughly 5.7 billion dollars, in contrast to the same period last year when it recorded net income of 79.2 billion yen. The net loss is the firm's largest for the quarter since the massive 2011 earthquake that hit northeastern Japan, leading to meltdowns at the plant. The result comes as Tokyo Electric booked an extraordinary loss of about 954 billion yen, or roughly 6.3 billion dollars. Most of the loss, about 903 billion yen, is due to newly expected costs for preparatory work to remove fuel debris from reactor facilities. Tokyo Electric says the costs will cover confirming the state of fuel debris, demolishing structures that hamper the work and reducing radiation levels in and around the reactor buildings. The preparations are expected to continue for some 12 to 15 years. The firm also says that after full-scale debris retrieval starts, costs may rise even further. Meanwhile, the utility logged an operating profit of over 64 billion yen, or around 430 million dollars, for the quarter. That's up 2.9 percent year on year.
CNA
18 hours ago
- Business
- CNA
Japan's TEPCO posts $5.8 billion in Q1 loss on Fukushima plant decommissioning
TOKYO :Tokyo Electric Power Co on Thursday posted 857.7 billion yen ($5.75 billion) loss for the three months ended on June 30, reflecting costs related to the decommissioning process at the Fukushima Daiichi nuclear power plant. In the same period a year ago, TEPCO posted a net profit of 79.2 billion yen. TEPCO has been conducting trial removal of nuclear fuel debris after a powerful tsunami destroyed the plant in 2011 and has been also paying out compensations. As part of the decommissioning process, the company has been also releasing treated radioactive water to the ocean. ($1 = 149.2500 yen)
Reuters
18 hours ago
- Business
- Reuters
Japan's TEPCO posts $5.8 billion in Q1 loss on Fukushima plant decommissioning
TOKYO, July 31 (Reuters) - Tokyo Electric Power Co (9501.T), opens new tab on Thursday posted 857.7 billion yen ($5.75 billion) loss for the three months ended on June 30, reflecting costs related to the decommissioning process at the Fukushima Daiichi nuclear power plant. In the same period a year ago, TEPCO posted a net profit of 79.2 billion yen. TEPCO has been conducting trial removal of nuclear fuel debris after a powerful tsunami destroyed the plant in 2011 and has been also paying out compensations. As part of the decommissioning process, the company has been also releasing treated radioactive water to the ocean. ($1 = 149.2500 yen)
CNA
3 days ago
- General
- CNA
Fukushima radioactive debris removal delayed until 2037
TOKYO: A massive operation to remove hundreds of tonnes of radioactive debris from Japan's tsunami-stricken Fukushima nuclear plant has been delayed until at least 2037, the operator said on Tuesday (Jul 29). Around 880 tonnes of hazardous material remain inside the power station, the site of one of history's worst nuclear accidents after a tsunami triggered by a 9.0-magnitude earthquake in 2011. Preparation work needed to start the retrieval is expected to take "12 to 15" years from now, Tepco official Akira Ono told reporters. This means the earliest they can embark on the removal is now 2037, according to a Tepco document, after the company previously said they hoped to start in the early 2030s. Dangerously high radiation levels mean that removing melted fuel and other debris from the plant is seen as the most daunting challenge in the decades-long decommissioning project. Tiny samples of material have twice been collected under a trial project using special tools, but full-fledged extractions are yet to take place. The new schedule throws into doubt previously stated goals by Tepco and the government to declare the Fukushima plant defunct by 2051. But Tepco insisted on Tuesday the deadline was achievable despite acknowledging it would be "tough". "There is no need to abandon the target," Ono said, adding it is the firm's "responsibility" to "figure out how to meet it". Three of Fukushima's six reactors went into meltdown in 2011 after the huge tsunami swamped the facility.
Arab News
3 days ago
- Business
- Arab News
Fukushima radioactive debris removal delayed until 2037
TOKYO: A massive operation to remove hundreds of tons of radioactive debris from Japan's tsunami-stricken Fukushima nuclear plant has been delayed until at least 2037, the operator said Tuesday. Around 880 tons of hazardous material remain inside the power station, site of one of history's worst nuclear accidents after a tsunami triggered by a 9.0-magnitude earthquake in 2011. Preparation work needed to start the retrieval is expected to take '12 to 15' years from now, Tepco official Akira Ono told reporters. This means the earliest they can embark on the removal is now 2037, according to a Tepco document, after the company previously said they hoped to start in the early 2030s. Dangerously high radiation levels mean that removing melted fuel and other debris from the plant is seen as the most daunting challenge in the decades-long decommissioning project. Tiny samples of material have twice been collected under a trial project using special tools, but full-fledged extractions are yet to take place. The new schedule throws into doubt previously stated goals by Tepco and the government to declare the Fukushima plant defunct by 2051. But Tepco insisted Tuesday the deadline was achievable despite acknowledging it would be 'tough.' 'There is no need to abandon the target,' Ono said, adding it is the firm's 'responsibility' to 'figure out how to meet it.' Three of Fukushima's six reactors went into meltdown in 2011 after the huge tsunami swamped the facility.
