Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     

TOKYO ELECTRIC POWER COMPANY HOLDINGS, INC.

(9501)
  Report
Delayed Japan Exchange  -  02:00 2022-09-22 am EDT
468.00 JPY   +0.43%
09/22At U.N., Micronesia denounces Japan plan to release Fukushima water into Pacific
RE
09/22Financial Assistance from the Nuclear Damage Compensation and Decommissioning Facilitation Corporation
AQ
09/22TOKYO ELECTRIC POWER : HoldingsFinancial Assistance from the Nuclear Damage Compensation and Decommissioning Facilitation Corporation
PU
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisionsFunds 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Construction begins at Fukushima plant for water release

08/03/2022 | 10:19pm EDT

TOKYO (AP) — The construction of facilities needed for a planned release of treated radioactive wastewater into the sea next year from the damaged Fukushima nuclear power plant began Thursday despite opposition from the local fishing community.

Plant workers started construction of a pipeline to transport the wastewater from hillside storage tanks to a coastal facility before its planned release next year, according to the plant operator, Tokyo Electric Power Company Holdings.

The digging of an undersea tunnel was also to begin later Thursday.

Construction at the Fukushima Daiichi plant follows the Nuclear Regulation Authority's formal approval last month of a detailed wastewater discharge plan that TEPCO submitted in December.

The government announced last year a decision to release the wastewater as a necessary step for the plant’s ongoing decommissioning.

A massive earthquake and tsunami in 2011 destroyed the Fukushima Daiichi plant’s cooling systems, causing triple meltdowns and the release of large amounts of radiation. Water that was used to cool the three damaged and highly radioactive reactor cores has since leaked into basements of the reactor buildings but was collected and stored in tanks.

TEPCO and government officials say the water will be further treated to levels far below releasable standards and that the environmental and health impacts will be negligible. Of more than 60 isotopes selected for treatment, all but one — tritium — will be reduced to meet safety standards, they say.

Local fishing communities and neighboring countries have raised concerns about potential health hazards from the radioactive wastewater and the reputation damage to local produce, and oppose the release.

Scientists say the impact of long-term, low-dose exposure to not only tritium but also other isotopes on the environment and humans are still unknown and that a release is premature.

The contaminated water is being stored in about 1,000 tanks that require much space in the plant complex. Officials say they must be removed so that facilities can be built for its decommissioning. The tanks are expected to reach their capacity of 1.37 million tons in autumn of 2023.

TEPCO said it plans to transport treated and releasable water through a pipeline from the tanks to a coastal pool, where it will be diluted with seawater and then sent through an undersea tunnel with an outlet about 1 kilometer (0.6 miles) away to minimize the impact on local fishing and the environment.

TEPCO and the government have obtained approval from the heads of the plant’s host towns, Futaba and Okuma, for the construction, but local residents and the fishing community remain opposed and could still delay the process. The current plan calls for a gradual release of treated water to begin next spring in a process that will take decades.

On Wednesday, Fukushima Gov. Masao Uchibori and the two mayors visited Tokyo and asked Economy and Industry Minister Koichi Hagiuda to ensure safety and prevent further damage to the reputation of Fukushima fishing products.

Akira Ono, TEPCO chief decommissioning officer at the plant, promised the highest efforts to ensure safety and understanding.

“We are aware of various views on reputational impact and safety concerns (of the release) and we'll keep explaining throughly to stakeholders,” he said.

TEPCO said Wednesday that weather and sea conditions could delay a completion of the facility until summer 2023.

Japan has sought help from the International Atomic Energy Agency to ensure the water release meets international safety standards and reassure local fishing and other communities and neighboring countries, including China and South Korea, that have opposed the plan.

IAEA experts who visited the plant earlier this year said Japan was taking appropriate steps for the planned discharge.

Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission., source Associated Press News

All news about TOKYO ELECTRIC POWER COMPANY HOLDINGS, INC.
09/22At U.N., Micronesia denounces Japan plan to release Fukushima water into Pacific
RE
09/22Financial Assistance from the Nuclear Damage Compensation and Decommissioning Facilitat..
AQ
09/22TOKYO ELECTRIC POWER : HoldingsFinancial Assistance from the Nuclear Damage Compensation a..
PU
09/21Australia court scraps drilling permit for Santos' $3.6 bln Barossa gas project
RE
09/19IAEA Laboratories Conduct Analysis of Treated Water from Fukushima Daiichi
AQ
09/16Tepco to revise power prices for industry, factoring in nuclear restart
RE
09/14Nuclear reactor extension would cut German power prices by 4% next year - Ifo
RE
09/12Explainer-The Zaporizhzhia nuclear power plant's shutdown
RE
09/09Mitsubishi Materials to buy out Onahama copper smelter partners
RE
09/08TOKYO ELECTRIC POWER : TEPCO Renewable PowerTEPCO Renewable Power, Inc.'s 3rd Green Bond (..
PU
More news
Analyst Recommendations on TOKYO ELECTRIC POWER COMPANY HOLDINGS, INC.
More recommendations
Financials
Sales 2023 6 559 B 45 804 M 45 804 M
Net income 2023 -91 900 M -642 M -642 M
Net Debt 2023 - - -
P/E ratio 2023 14,4x
Yield 2023 -
Capitalization 750 B 5 236 M 5 236 M
Capi. / Sales 2023 0,11x
Capi. / Sales 2024 0,12x
Nbr of Employees 37 939
Free-Float 92,8%
Chart TOKYO ELECTRIC POWER COMPANY HOLDINGS, INC.
Duration : Period :
Tokyo Electric Power Company Holdings, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends TOKYO ELECTRIC POWER COMPANY HOLDINGS, INC.
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus SELL
Number of Analysts 3
Last Close Price 468,00 JPY
Average target price 410,00 JPY
Spread / Average Target -12,4%
EPS Revisions
Managers and Directors
Tomoaki Kobayakawa Executive President & Director
Yoshimitsu Kobayashi Chairman
Hideko Kunii Independent Director
Hideo Takaura Independent Outside Director
Shigeo Ohyagi Independent Outside Director
Sector and Competitors
1st jan.Capi. (M$)
TOKYO ELECTRIC POWER COMPANY HOLDINGS, INC.57.58%5 236
NEXTERA ENERGY-11.61%162 134
DUKE ENERGY CORPORATION-1.13%79 853
SOUTHERN COMPANY10.73%79 714
DOMINION ENERGY, INC.-1.03%64 727
IBERDROLA, S.A.-2.11%61 809