A portal site connecting Fukushima and the World

» TEPCO and Tohouk Electric Power will pay 200 milliion yen as “donation” to the host of nuclear fuel reprocessing plant

Embattled Tokyo Electric Power Co. and Tohoku Electric Power Co. will make a final combined 200 million yen ($1.95 million) “donation” to a village hosting the nuclear fuel reprocessing plant, despite industry ministry criticism, according to Asahi Newspaper.

The payment, which the two utilities have made annually since fiscal 2010, will go to assist the local fisheries industry in the village of Rokkasho in Aomori Prefecture.

An investigation into the village’s financial data and interviews with local officials showed that the Rokkasho government sent a document requesting financial assistance to TEPCO and Tohoku Electric on July 14.

The decision comes despite a TEPCO announcement in 2012 that it would end donations in order to come up with funds to pay compensation to those affected by the 2011 triple meltdown at its Fukushima No. 1 nuclear power plant.

The Ministry of Economy, Trade and Industry, which oversees the nuclear industry, concluded in 2012 that such a payment to Rokkasho “is not necessary in terms of operating the business of supplying power and is tantamount to a donation.”

The finding means that TEPCO, which has been virtually nationalized after the nuclear accident, will still contribute the funds, despite passing the enormous costs of dealing with the accident onto taxpayers and electricity users.
<Media Report>
TEPCO, Tohoku Electric to ‘donate’ 200 million yen more to village hosting nuclear reprocessing complex (Asahi Newspaper)

Tags:, ,



Fukushima Stories&Facts