Fukushima Daiichi compensation costs and clean-up efforts will easily exceed $60 billion

Fukushima Daiichi Reactor 3

After the Fukushima Daiichi nuclear disaster TEPCO estimated that it would require $30 billion dollars to pay for damages.  For the third time that figure will be increased, after the operator of the infamous nuclear power plant announced that compensation costs are higher than expected and now estimates the compensation at nearly $38 billion dollars, a number that is surely to rise even further.

Not only the compensation costs are climbing, more mandatory evacuation areas have been expanded, causal links have been made between deaths of evacuees and the nuclear disaster, decontamination work keeps piling up, more voluntary evacuees have become eligible for compensation, and more lawsuits are being filed.

TEPCO has estimated that when one adds the cost of clean-up efforts the financial figures could reach well over $62 billion dollars.

Source: NHK

Source: Japan Daily Press

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  1. dww60@hshmail.com'

    The ratepayer and taxpayer will end up paying for this, along with the decommissioning.

    See article link below, where it sounds like TEPCO only plans to decommission Units 1, 2, 3 and 4.

    It doesn’t mention Units 5 and 6.

    http://ajw.asahi.com/article/0311disaster/fukushima/AJ201212290052

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