Thursday, March 31, 2011

Japan has Lost the Battle in Containing Fukushima Daiichi Nuclear Power Plant Reactors

Japan has lost the battle in containing the radiation in the crippled Fukushima Daiichi Nuclear Power Plant reactors. It is to be closed permanently. How it will be turned off or closed is still unknown but officials stated that they will be abandoning attempts to keep the nuclear reactors cool. They have planned to entombed the nuclear powerplant with tonnes of concrete to seal the reactors and its nuclear fuel rods.

Chairman Tsunehisa Katsumata of Tokyo Electric Power Company (TEPCO) announced that the four reactors in the  Fukushima Daiichi Nuclear Power Plant are out of control and they have no choice but to
close or decommission the plant. Katsumata apologizes to live television for failing to contain the radiation in the Fukushima Daiichi Nuclear Power Plant. While TEPCO President Masataka Shimizu was rushed to the hospital because of stress and fatigue. 

TEPCO is Asia's largest utility and will be facing its worst problems after the disaster. Its share price has fallen 80% since March 11 earthquake and tsunami. It is said to have a massive compensation bill of $12billion because of this incident. Japan law requires the company to compensate for people's losses and damage caused by the radiation leaks.
Here is the summary of facts with the Fukushima Daiichi Nuclear Power Plant crisis  from
    Radioactivity levels in the ocean 4,385 times above regulatory limit

    Fisherman warned not to operate within 12 miles of plant

    Compensation claims could top $12bn

    Power firm's shares lose 80% of value - may need government bailout

    President still recovering in hospital recovering from 'fatigue and stress'

    U.S. sends specialist Marine unit to assist in decontamination

    Traces of radioactive particles found in U.S. milk


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