Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  Tokyo Electric Power Company Holdings, Incorporated    9501   JP3585800000

TOKYO ELECTRIC POWER COMPANY HOLDINGS, I

(9501)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Tokyo Electric Power Incorporated : Government proposes release of Fukushima water to sea or air

share with twitter share with LinkedIn share with facebook
share via e-mail
12/23/2019 | 05:44am EST

TOKYO (AP) — Japan's economy and industry ministry proposed on Monday the gradual release or evaporation of massive amounts of treated but still radioactive water being stored at the tsunami-wrecked Fukushima nuclear plant.

The proposal to a group of experts is the first time the ministry has narrowed down the various options available to those choices. It is meant to solve a growing problem for the plant's operator as storage space for the water runs out, despite fears of a backlash from the public. The draft proposal will be discussed further.

Nearly nine years after the 2011 meltdowns of three reactor cores at the Fukushima Dai-ichi Nuclear Plant, radioactive water continues to accumulate as water used to keep the cores cool leaks from the damaged reactors and is stored in tanks so it won't escape into the ocean or elsewhere.

For years, a government panel has been discussing ways to handle the crisis and to reassure fishermen and residents who fear possible health effects from releasing the radioactive water as well as harm to the region's image and fishing industry.

Fukushima fishermen and the National Federation of Fisheries Co-operative Associations have strongly opposed past suggestions by government officials that the water be released to the sea, warning of an “immeasurable impact on the future of the Japanese fishing industry," with local fishermen still unable to resume full operations after the nuclear plant accident.

The water has been treated, and the plant operator, Tokyo Electric Power Co., says all 62 radioactive elements it contains can be removed to levels not harmful to humans except for tritium. There is no established method to fully separate tritium from water, but scientists say it is not a problem in small amounts. Most of the water stored at the plant still contains other radioactive elements including cancer-causing cesium and strontium and needs further treatment.

In Monday's proposal, the ministry suggested a controlled release of the water into the Pacific, allowing the water to evaporate, or a combination of the two methods. The ministry said the controlled release to the sea is the best option because it would “stably dilute and disperse” the water from the plant and can be properly monitored.

A release is expected to take years and radiation levels will be kept well below the legal limit, the proposal said.

The ministry noted that tritium has been routinely released from nuclear plants around the world, including Fukushima before the accident. Evaporation has been a tested and proven method following the 1979 core meltdown at Three Mile Island nuclear plant in the United States, where it took two years to get rid of 8,700 tons of tritium-contaminated water.

TEPCO says it is currently storing more than 1 million tons of radioactive water and only has space to hold up to 1.37 million tons, or until the summer of 2022, raising speculation that the water may be released after next summer's Tokyo Olympics. TEPCO and experts say the tanks get in the way of ongoing decommissioning work and that space needs to be freed up to store removed debris and other radioactive materials. The tanks also could spill in a major earthquake, tsunami or flood.

Experts, including those at the International Atomic Energy Agency who have inspected the Fukushima plant, have repeatedly supported the controlled release of the water into the sea as the only realistic option.

On Monday, some experts on the panel called for more attention to be given to the impact on the local community, which already has seen its image harmed by accidental leaks and the potential release of water.

“A release to the sea is technologically a realistic option, but its social impact would be huge,” said Naoya Sekiya, a University of Tokyo sociologist and an expert on disasters and social impact.

Takami Morita, a radiology expert at the Fisheries Research Agency, said simulations of a water release largely represented TEPCO's point of view. "It is important we look at it from the other side,” Morita said, urging officials to provide more data about a release and its possible impact.

An earlier government report provided five possible ways to get rid of the water, including releasing it into the sea and evaporation. The three others included underground burial and its injection into deep geological layers.

The ministry ruled out long-term storage of the radioactive water in large industrial tanks outside the plant, citing the risk of leakage from corrosion, a tsunami or other disasters and accidents, as well as the technical challenge of transporting the water elsewhere.

Follow Mari Yamaguchi on Twitter at https://www.twitter.com/mariyamaguchi

Copyright 2019 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed., source Associated Press News

share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on TOKYO ELECTRIC POWER COMPA
02/21Global central bankers scour shopping malls, manufacturers for coronavirus pl..
RE
02/18TOKYO ELECTRIC POWER INCORPORATED : Company Holdings, Inc. - Regarding 'Nuclear ..
AQ
02/17Investors urge Japan to strengthen climate targets ahead of U.N. summit
RE
02/08Raab wants Japan trade deal this year, Tokyo wants food restrictions lifted
RE
02/05Rapid Spread of Coronavirus Tests Apple's China Dependency
DJ
01/31JAPAN PANEL : Fukushima water release to sea is best option
AQ
01/29KANSAI ELECTRIC POWER INCORPORATED : to shut 2 nuclear reactors for security upg..
RE
01/24TOKYO ELECTRIC POWER INCORPORATED : TEPCO RELEASES VIDEO UPDATE ON FUKUSHIMA DAI..
AQ
01/21Japan's Osaka Gas looks to Europe to sell spare LNG cargoes - sources
RE
01/21Japan's Aeon aims to serve eco-certified sushi in time for Olympics
RE
More news
Financials (JPY)
Sales 2020 6 620 B
EBIT 2020 209 B
Net income 2020 275 B
Debt 2020 3 238 B
Yield 2020 -
P/E ratio 2020 2,53x
P/E ratio 2021 5,45x
EV / Sales2020 0,59x
EV / Sales2021 0,65x
Capitalization 697 B
Chart TOKYO ELECTRIC POWER COMPANY HOLDINGS, INCORPORATED
Duration : Period :
Tokyo Electric Power Company Holdings, Incorporated Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends TOKYO ELECTRIC POWER COMPA
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
 
Mean consensus SELL
Number of Analysts 3
Average target price 425,00  JPY
Last Close Price 435,00  JPY
Spread / Highest target 1,15%
Spread / Average Target -2,30%
Spread / Lowest Target -5,75%
EPS Revisions
Managers
NameTitle
Tomoaki Kobayakawa Executive President & Director
Takashi Kawamura Chairman
Naomi Hirose Executive Vice Chairman
Hideko Kunii Independent Director
Keita Nishiyama Director & Head-Corporate Planning
Sector and Competitors
1st jan.Capitalization (M$)
TOKYO ELECTRIC POWER COMPANY HOLDINGS, INCORPORATED-0.46%6 240
NEXTERA ENERGY14.63%135 732
ENEL S.P.A.19.24%93 237
IBERDROLA21.79%78 365
DUKE ENERGY CORPORATION12.30%75 114
DOMINION ENERGY, INC.7.76%73 568