The director of Japan’s crippled Fukushima Daiichi nuclear plant is stepping down due to illness, the facility’s operator said Monday but it was not clear if his condition is radiation-related. Masao Yoshida, 56, who has been on site at the plant since Japan’s March 11 earthquake and tsunami disaster, has been hospitalised for “treatment of…
Shares in TEPCO closed up 20 percent in Tokyo trade Monday after Chief Cabinet Secretary Yukio Edano said he was unaware of alleged meetings between officials over the breakup of the company. Shares in Tokyo Electric Power Co., operator of the stricken Fukushima Daiichi plant at the centre of an…
Officials at the Tokyo Electric Power Company (TEPCO) and engineers at the Fukushima nuclear power plant knew for years about a critical design flaw in the plant’s older reactors, but declined to do anything about it, according to a report in The Wall Street Journal. An electric switching station the…
TOKYO — Hundreds of water tanks are to be sent to Japan’s crippled Fukushima nuclear plant to hold thousands of tons of water contaminated in the effort to keep its reactors cool, the operator said Sunday. Tokyo Electric Power Co. (TEPCO) has sourced 370 tanks with a total capacity for…
Officials from the Tokyo Electric Power Company (TEPCO) are apologizing in advance for the fact that the stricken Fukushima nuclear plant is not ready for the high winds and heavy rain of Typhoon Songda, a massive storm that could make landfall in Japan as early as Monday. The BBC quotes…
TOKYO (AFP) – The president of TEPCO on Tuesday submitted a request for Japanese government aid in compensating those affected by its stricken nuclear power plant, as the utility said it faced funding problems. Presenting the request to trade and industry minister Banri Kaieda, Masataka Shimizu told reporters that TEPCO…
What would you do for $2,500 a day? How about $5,000 a day? Do you have “a passport, a family willing to let you go”, and a “willingness to to work in a radioactive zone”? Then you could have what it takes to work at the Fukushima nuclear power plant,…
TOKYO (Reuters) – Tokyo Electric Power warned on Wednesday that a $24 billion bank loan was not enough to keep it afloat and pay for Japan’s worst nuclear disaster, adding to expectations the government will step in to bail out the stricken company. Asia’s largest utility, whose share price has crashed nearly…