Tokyo Electric Power Co.(TEPCO) has proposed a new restructuring plan for the crippled Fukushima Daiichi nuclear plant that would create a special unit tasked to dismantle the facility. Once approved by the government, TEPCO President Naomi Hirose vowed to implement the plan thoroughly.
The draft plan, already approved on Tuesday, suggested the creation of sub-units in the company dedicated to special tasks, including one that would handle the decommissioning of the damaged reactors. The new plan submitted would also include cost-cutting measures such as early retirement for some employees. TEPCO is banking on the Nuclear Regulation Authority to give them permission to restart some of its idle nuclear reactors to reduce the high fuel bills due to the use of fossil fuels after the nuclear accident in March 2011.
The Nuclear Damage Liability Facilitation Fund has already given its approval of the new plan and will submit the new proposal jointly with TEPCO to the government for formal approval next month. A national budget for the fiscal year 2014 includes funds for the utility operator amounting to 101.2 billion yen to help pay for facilities to store radioactive waste. This has already been approved by the government last Tuesday. TEPCO is also expecting loans from other financial institutions, totaling to 500 billion yen to help pay for damages to victims and evacuees within the surrounding area.
[via Gulf Times]