TOKYO (AP) — The government’s investment of more than 10 trillion yen ($68 billion) to clean up and pay for the Fukushima Daiichi nuclear power plant crisis has been delayed, the Japanese government said.
The audit committee said in a report published Monday that the delay was due to technical difficulties and the deterioration of Tokyo Electric Power Co. ‘s monetary scenario. Holdings. Il said the total procedure could take more than 40 years.
The nuclear power plant suffered a triple meltdown in the wake of the 2011 earthquake and tsunami, spewing radiation that infected nearby spaces and forced tens of thousands of people to evacuate.
Funding for the first 11 years of the crisis already accounted for nearly a portion of TEPCO’s overall estimate of a charge of 22 trillion yen ($150 billion) for the decades-long project.
The audit committee said that in April, the government provided 10. 2 trillion yen ($70 billion) in interest-free loans to TEPCO to clean up the plant, decontaminate its landscape and compensate those affected by the disaster.
The government paid the initial repayment prices with cash borrowed from monetary institutions. TEPCO will pay those debts with its revenue, adding up electric bills.
According to the Audit Committee, the government raised its investment limit to 13. 5 trillion yen ($92 billion) from nine trillion yen ($61 billion) in anticipation of emerging prices. added to public debt.
TEPCO’s mandatory repayments have been reduced to 40 billion yen ($270 million) per year from 70 billion yen ($470 million) per year. In the worst-case scenario, it can take up to 42 years for TEPCO to fully reimburse costs. said the Audit Board, submitting its own estimate.
Assessing the damage and main points of internal meltdown debris reactors is technically intimidating and dozens of lawsuits may only accumulate the required reimbursement amount.
TEPCO faces another burden in addition to dismantling the destroyed plants and paying compensation.
The expected commissioning of two of the seven reactors at its Kashiwazaki-Kariwa nuclear power plant in northern Japan has been delayed due to technical and protection issues. TEPCO has restarted coal-fired power plants to meet demand. Rising fuel costs are another burden.