for Japanese


21 September, 2016

METI to Discuss Ways to Support TEPCO in Decommissioning Fukushima Daiichi

On September 20, at a press conference held after a cabinet meeting, the head of the Ministry of Economy, Trade and Industry (METI), Hiroshige Seko, announced the establishment of a new special committee to discuss management issues at the Tokyo Electric Power Co. (TEPCO).

The committee, which will consist of representatives from major Japanese economic organizations, will primarily focus on helping TEPCO pay for decommissioning costs at its Fukushima Daiichi Nuclear Power Plants, as well as on managerial reform leading to the restructuring of its business. The committee, which will meet for the first time in early October, is expected to complete a draft proposal by yearend.

METI, which is already intending to incorporate ordinary decommissioning costs for nuclear power plants into the “consignment charges” that power producers and suppliers (PPSs) must pay to use the power transmission networks owned by major power utilities, is now also considering expanding that to include TEPCO’s decommissioning costs at the Fukushima Daiichi NPPs.

Chairman Akio Mimura of the Japan Chamber of Commerce and Industry (JCCI) will serve on the committee as a member, while President Naomi Hirose of TEPCO will attend as an observer. METI intends to make a fundamental review of the support system, so it is seeking cooperation from the whole business community.

TEPCO has been virtually nationalized since the March 2011 accident at Fukushima Daiichi. Given that the government will decide whether or not to reduce its involvement at the end of fiscal 2016 (ending March 31, 2017), the committee will finalize its proposal before then.

Costs for decommissioning the Fukushima Daiichi NPPs are now expected to substantially exceed the already estimated JPY2 trillion (USD20 billion at USD1=JPY100). In July, the chairman of TEPCO, Fumio Sudo, met the press and asked for support, saying that decommissioning costs were likely to exceed prior estimates by a very large amount.


This site uses Akismet to reduce spam. Learn how your comment data is processed.

SNS facebooktwitter

NPPs Map


Grossi on Fukushima: Marking a Decade Since the Accident

10 March, 2021
Grossi on Fukushima: Marking a Decade Since the Accident04:11

Recent News

13 January, 2022
METI Minister Hagiuda Discusses U.S. Nuclear Cooperation, Winter Electricity Supply and Demand
27 December, 2021
TEPCO Submits Application to NRA for Facilities to Deal with ALPS-Treated Water at Fukushima Daiichi
18 November, 2021
METI Minister Speaks to IAEA International Conference on Decade of Progress Since Fukushima Daiichi Accident
15 November, 2021
Nuclear Energy’s Contribution to Achieving SDGs
8 November, 2021
COP26: Prime Minister Kishida Announces Additional Contribution of USD10 Billion for Climate Change Measures
30 October, 2021
Reelection of Suttsu Mayor Means Literature Investigation for HLW Disposal Will Continue
21 October, 2021
Kishida Makes First Visit to Fukushima Since Becoming Prime Minister
15 October, 2021
LDP Adds SMR Development and Nuclear Fusion to NPP Restarts in Its Policy Manifesto
7 October, 2021
Kishida Administration Inaugurated, with New METI Minister Hagiuda Holding Press Conference on Taking Office
6 October, 2021
IAEA Holds 65th General Conference in Vienna, with Japanese Minister of State for Science and Technology Delivering Statement in the General Debate
30 September, 2021
JAEC Releases 2020 White Paper on Nuclear Energy
17 September, 2021
NRA Permits Shimane-2 under New Regulatory Standards
14 September, 2021
IAEA Deputy Director General Evrard Visits Japan in Advance of Safety Review of ALPS-treated Water
1 September, 2021
Evaluation Report Issued by IAEA’s Review Mission to Fukushima Daiichi: First Visit since 2018
24 August, 2021
METI and IAEA Agree on Further Review Missions to Fukushima Daiichi
4 August, 2021
JAEA Restarts High-Temperature Engineering Test Reactor “HTTR”
2 August, 2021
Information about Fukushima Daiichi NPS Water Treatment
28 July, 2021
METI’s Committee Shows Rough Draft of Next Strategic Energy Plan
2 July, 2021
Mihama-3 Restarted After Decade-long Hiatus: First Restart in Japan of a Reactor Operating Beyond 40 Years
28 June, 2021
Mihama-3 Restarts after Decade-long Hiatus