Press Release
Approval of the Decommissioning Reserve Fund Withdrawal Plan Pursuant to the Decommissioning Reserve Fund System
April 12, 2022
Tokyo Electric Power Company Holdings, Inc.
Fukushima Daiichi Decontamination & Decommissioning Engineering Company
TEPCO submitted the Decommissioning Reserve Fund Withdrawal Plan*1 pursuant to the Decommissioning Reserve Fund System*2 to the Minister of Economy, Trade, and Industry (METI) in coordination with the Nuclear Damage Compensation and Decommissioning Facilitation Corporation (hereinafter referred to as, "NDF"). We hereby notify you that the plan has been approved today.
In accordance with the Decommissioning Reserve Fund System, TEPCO will ensure that it reserves enough funds for decommissioning and move steadily forward with decommissioning in a suitable manner through our approach to reducing risks and enhancement of project management functions based upon the Mid-and-Long-term Roadmap for the Decommissioning of the Fukushima Daiichi Nuclear Power Station, Technical Strategic Plan for the Decommissioning of the Fukushima Daiichi Nuclear Power Station, and 4th Comprehensive Special Business Plan.
- *1: Decommissioning Reserve Fund Withdrawal Plan
Plan for withdrawing decommissioning reserve funds to allocate to the payment of decommissioning expenses. - *2: Decommissioning Reserve Fund System
Established in accordance with laws enacted in May 2017 that revise portions of the Nuclear Damage Compensation and Decommissioning Facilitation Corporation Law. Each fiscal year, TEPCO reserves a sum of money stipulated by the NDF and approved by the METI Minister, and TEPCO withdraws the reserve funds and applies them to decommissioning based on a withdrawal plan approved by the METI Minister.
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