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. “Tepco is a private company, earning profits and listing its stock on the market,” said Masatoshi Akimoto, a Lower House LDP member. A rookie politician first elected in December, he heads a small study group with colleagues on the nation’s energy policy.
“A normal private company would shoulder its management risks and would be accountable for its actions,” Akimoto said. “How is it possible that a company that caused a nuclear accident can avoid bankruptcy, and its shareholders and creditor banks aren’t held liable?”
Akimoto acknowledged that his views are well outside the LDP mainstream. Still, he argued that the bankruptcy filing is the only way Tepco can be held accountable for its failure to bolster the plant’s disaster defenses, when the risks the facility faced were no mysteries.
If Tepco goes under, he said, shareholders and creditors will also pay for the risks in investing in a nuclear plant operator. Their shares would plummet and they would be forced to lose much of their outstanding loans to Tepco. Management would be sacked and the utility’s remaining assets would be sold off — saving “trillions of yen” for taxpayers, Akimoto figured.
The reality, however, is that the government is trying to prevent Tepco’s failure at all costs, by introducing new accounting rules that smack of “window-dressing,” fumed Kenichi Oshima, a professor of environmental economics at Ritsumeikan University in Kyoto.
Thirty seconds into what may ultimately be regarded as one of the defining speeches of his career, Prime Minister Shinzo Abe slowly raised his hands chest high, then spread them out sideways in a gesture of confidence.
“Let me assure you,” he said, addressing members of the International Olympic Committee on Sept. 7. “The situation is under control.”
The prime minister was attempting to convince his audience in Buenos Aires that the multiple meltdowns at the Fukushima No. 1 nuclear power plant, initiated by tsunami triggered by the Great East Japan Earthquake on March 11, 2011, should not be a cause of concern for Tokyo hosting the Summer Olympic Games in 2020.
The nuclear accident, he said, “has never done and will never do any damage to Tokyo.”
However, cleaning up the crippled nuclear power plant certainly won’t be plain sailing, with decommissioning plans believed to include the removal of spent nuclear fuel rods from a cooling pool littered with debris, the creation of a permafrost wall around the four damaged reactors in order to prevent the spread of radioactive isotopes and the discovery of the precise location of the melted nuclear fuel in the highly toxic containment vessels.
“On a scale of zero to 10, I’d say the decommissioning process has advanced by about 0.1 (since the nuclear accident),” said Michio Ishikawa, president of the Association for Nuclear Decommissioning Study.
Japan pursuing new nuclear disposal technology
The Japanese government plans to develop new technology that would cut the environmental impact of highly radioactive waste from nuclear power plants.
The waste is believed to have an impact on the environment that lasts tens of thousands of years. The government's current plan involves burying it deep underground. But officials have yet to choose a site due to safety concerns.
The science ministry convened a panel of experts on Wednesday. Ministry officials told the panel that they will start to develop a technology that would reduce the amount of time the waste is considered harmful to hundreds of years. The experts agreed to the plan.
The plan involves extracting long-lasting radioactive substances from spent nuclear fuel. Officials say that by using neutrons created in particle accelerators, the substances can be changed into shorter-lasting materials.
They say that if the plan succeeds, it would also cut the disposal space needed for the waste to about a hundredth of current estimates.
However, there are many problems that must be overcome, including how to secure safety. Observers say it will take decades before the plan can be put into action.
Some experts said that Japan should ask other countries to help with the project. Others said the government should exercise caution in deciding whether to put the technology into use.
Hiroyuki Oigawa of the Japan Atomic Energy Agency says that, if Japan obtains international support, the plan could be put into practical use in about 20 to 30 years.
Oct. 23, 2013 - Updated 08:07 UTC
The plan involves extracting long-lasting radioactive substances from spent nuclear fuel. Officials say that by using neutrons created in particle accelerators, the substances can be changed into shorter-lasting materials.
BobAthome
reply to post by Alekto
"so tell me,, what would the heat of the CORES be"
seeing i asked first it would be,, impolite of me too, insist on an answer ,seeing it is your Country, ,Tokyo, and all.
so the relation is,, image,,, from a pure image, an angle ,fragile, delicate, egg,,should be handled with extreme care, or oppps,, sick,, tummy,,remember, powerplant has sick tummy,,?,,if u do remember,,those Tepco approved, images,, well,, i hope u can get the rest.
The change that TEPCO will be placing transport casks into the reactor well to load fuel into them is a concerning development. Transport casks weight as much as 50,000 pounds. Reactor vessels were not designed to hold up this much weight on top of the reactor internal systems.
Human0815
reply to post by intrptr
The Transport Cask do not rest on the Building Nr.4
but on the new Building surrounding Nr.4!
Even when Building Nr.4 is/ was intact the Transport Cask
never ever rested on the "Reactor Vessel" itself!
Edit: Misunderstanding!
Check their Source and you get the needed Info,
i don't understand how they write something
that stupid:
www.world-nuclear-news.org...
Transport containers will be placed in the empty and undamaged reactor vessel and the fuel will be transferred to them underwater using the fuel handling machine. The used fuel will eventually be placed in the site's shared used fuel pool, which was undamaged by the natural disasters two years ago.
I am not quite sure how they will take the fuel rods out of the #4 SFP and transfer them to the transport containers UNDERWATER ? If they come out of the water, as I understand it from previous posts, the fuel rods heat up and, if they are out of the water too long, they catch fire.
Transport containers will be placed in the empty and undamaged reactor vessel and the fuel will be transferred to them underwater using the fuel handling machine.
qmantoo
Since I am reviewing my pensions and insurances, this popped into my head.
Trying to be realistic here, what will be the effect of any nuclear fuel rod accident which occurs over the next few weeks?
Scenario 1.
A fuel rod dropped/breaks off and drops back into the pool.
Scenario 2.
A fuel rod dropped/breaks off and drops to the ground missing both pool and container.
Scenario 3.
A fuel rod dropped/breaks off and drops into the transport container.
Scenario 4.
Some other I have not thought of.
Financial effect - all economies are connected. Countries, pensions & insurance funds have investments in companies in Japan and many industries use products and services originating in Japan. When the Yen goes down, the financial markets will suffer a decline too. This makes all our investments take a knock. Banks have thier money tied up in all corners of the world.
How likely is it that a significant effect will be felt on the worlds economies?
Environmental effect - similar to what has already happened with the cores but additive/cumulative perhaps?
Hayashi, 41, says he was recruited for a job monitoring the radiation exposure of workers leaving the plant in the summer of 2012. Instead, when he turned up for work, he was handed off through a web of contractors and assigned, to his surprise, to one of Fukushima's hottest radiation zones.
He was told he would have to wear an oxygen tank and a double-layer protective suit. Even then, his handlers told him, the radiation would be so high it could burn through his annual exposure limit in just under an hour.
"I felt cheated and entrapped," Hayashi said. "I had not agreed to any of this."
When Hayashi took his grievances to a firm on the next rung up the ladder of Fukushima contractors, he says he was fired. He filed a complaint but has not received any response from labor regulators for more than a year. All the eight companies involved, including embattled plant operator Tokyo Electric Power Co, declined to comment or could not be reached for comment on his case.
Out of work, Hayashi found a second job at Fukushima, this time building a concrete base for tanks to hold spent fuel rods. His new employer skimmed almost a third of his wages - about $1,500 a month - and paid him the rest in cash in brown paper envelopes, he says. Reuters reviewed documents related to Hayashi's complaint, including pay envelopes and bank statements.
Hayashi's hard times are not unusual in the estimated $150-billion effort to dismantle the Fukushima reactors and clean up the neighboring areas, a Reuters examination found.
In reviewing Fukushima working conditions, Reuters interviewed more than 80 workers, employers and officials involved in the unprecedented nuclear clean-up. A common complaint: the project's dependence on a sprawling and little scrutinized network of subcontractors - many of them inexperienced with nuclear work and some of them, police say, have ties to organized crime.
Tepco sits atop a pyramid of subcontractors that can run to seven or more layers and includes construction giants such as Kajima Corp and Obayashi Corp in the first tier. The embattled utility remains in charge of the work to dismantle the damaged Fukushima reactors, a government-subsidized job expected to take 30 years or more.
Outside the plant, Japan's "Big Four" construction companies - Kajima, Obayashi, Shimizu Corp and Taisei Corp - oversee hundreds of small firms working on government-funded contracts to remove radioactive dirt and debris from nearby villages and farms so evacuees can return home.
Tokyo Electric, widely known as Tepco, says it has been unable to monitor subcontractors fully but has taken steps to limit worker abuses and curb the involvement of organized crime.