$74 bn lost in Fukushima disaster

October 14th, 2011 - 12:45 am ICT by IANS  

Tokyo, Oct 13 (IANS/RIA Novosti) Financial loss from the Fukushima Daiichi nuclear power plant disaster in Japan has been estimated at $74 billion, the Japanese Nuclear Safety Commission said Thursday.

The dismantlement of four reactor tanks will cost $14.9 billion and $52 billion will be spent on compensation, clean-up of radioactive soil and other measures.

The special government-backed fund set up after the disaster will finance the project. The fund is financed with money from the state budget and contributions from financial organisations and other utilities.

TEPCO, the operator of Fukushima Daiichi nuclear power plant, will compensate the expenses over the next several years.

–IANS/RIA Novosti
snb/vt

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