Spent Fuel Removal At Fukushima Daiichi Postponed

Plans to begin spent nuclear fuel removal at Tokyo Electric Power Company's (TEPCO) Fukushima Daiichi nuclear plant, hit by a devastating post-earthquake tsunami in March 2011, has been postponed to sometime after March 2018, Japanese media are reporting.

Fukushima DaiichiThe step of removing Unit 3 spent fuel from the plant that suffered a triple-meltdown after the tsunami knocked out back up power was first scheduled for 2015. When that deadline passed, it was estimated to begin sometime in 2017.

The Japanese government is working on a plan to sequester the cost of the cleanup from the business side of TEPCO. The company announced Wednesday that it had received a funding grant of 33.8 billion yen ($290 million) as a response to its 60th request for funding to cover compensation payouts due by February. The amount of the payouts to be paid by that time had been estimated to exceed the sum of the compensation we had TEPCO had received in accordance with the Japanese Act on Contract Indemnification of Nuclear Damage Compensation. Meanwhile, the financial assistance provided by the Nuclear Damage Compensation and Decommissioning Facilitation Corporation (NDF) was 6,818 billion yen. 

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