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Tuesday, May 31, 2011

Japanese Nuclear Power Plant Disaster Could Cost as much as $246 billion

- Japanese Nuclear Power Plant Disaster Could Cost as much as $246 billion



May 31, 2011

The price tag for the March 11th catastrophe at Japan's Fukushima Daiichi nuclear power plant continues to rise and could cost the country between 5.7 and 20 trillion Yen. That's between $70 and $246 billion. That's according to an estimate by a Japanese research institute and reported by the Kyodo News Tuesday. The Japan Center for Economic Research, a private think tank, estimated that scrapping all six reactors at the complex could cost up to 15 trillion Yen, while compensating people evacuated from the area within 20 kilometers of the plant could reach around 630 billion Yen. Further, the government may be forced to buy up all the contaminated land within that 20-kilometer radius, which would cost another 4.3 trillion Yen.

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