Tokyo Electric Energy Plans to Abandon Its Fukushima Daini Nuclear Station
Tokyo Electric Energy plans to abandon its Fukushima Daini nuclear station, positioned a couple of miles south of the larger Fukushima Daiichi plant where three reactors melted down in 2011 after an earthquake and tsunami, Kyodo News reported on Wednesday.
Tomoaki Kobayakawa, president of Tepco, as the company is named, will go to the governor of Fukushima prefecture on Wednesday to convey the plan and its board will formally approve the decision later this month, Kyodo stated, without citing sources.
Three reactors at Fukushima Daiichi, which had six reactors and is located about 12 kilometers (7 miles) north of Fukushima Daini, suffered meltdowns after the enormous March 2011 earthquake and tsunami shut down the plant’s cooling systems.
The Daini station additionally came near a disaster, however, retained sufficient backup energy to maintain cooling going. Successive Fukushima governors have referred to as for it to be scrapped.
Scrapping the Daini station will go away Tepco with only one potentially operational nuclear station, Kawazaki Kariwa, the place it’s trying to get two reactors returned to service underneath new security laws towards robust native opposition.
It is going to additionally depart Japan with 33 reactors, in contrast with 54 earlier than the catastrophe: Many operators determined to scrap older items that will value an excessive amount of to fulfill new security requirements imposed after the world’s worst nuclear disaster since Chernobyl in 1986.
A Reuters evaluation last year confirmed it was unlikely that Daini would ever restart. Japan has eight reactors working, and lots of are still going utilizing a relicensing process under the new standards.
Shekhar looks after the editorial duties of the News column. He possesses a deep background in Share market and market research. Prior to joining Reliable Magazine, he was a full-time market investment adviser at Investing. Shekhar holds degrees in Finance and Economics from the University of Boston.