Japan Update: As of 20:20, 22/May, TOKYO
Tokyo Electric Power Co. said Saturday that 250 tons of water tainted with about 20 terabecquerels of radioactive substances leaked into the Pacific Ocean from a pit near the seawater intake for the No. 3 reactor at the troubled F**ushima No. 1 plant earlier this month.
While the figure is far lower than the 4,700 terabecquerels released near the No. 2 reactor in April, it is still about 100 times the permissible level, according to Tepco.
At the time, the water was registering 9.8 terabecquerels of cesium-137, 9.3 terabecquerels of cesium-134 and 0.85 terabecquerels of iodine-131.
The leak is believed to have started at around 2 a.m. May 10 and was stopped at 7 p.m. May 11, Tepco said. The amount of water that escaped in that 41-hour period totaled 250 tons, it said.
The leakage of tainted water raised the concentration of radioactive substances in the port of the power plant but did not significantly change the level beyond it, the utility said.
The leak was reported to the Nuclear and Industrial Safety Agency
News Source; Japan Times
Tokyo Electric Announces Change of President, Report Record Loss
Embattled Tokyo Electric Power Co. <9501> on Friday reported a record group net loss of over 1.2 trillion yen for fiscal 2010 while announcing the resignation of President Masataka Shimizu on June 28 over the ongoing crisis at its F**ushima No. 1 nuclear power station.
The net loss in the year that ended in March stood at 1,247,348 million yen, the biggest annual loss incurred ever by a nonfinancial Japanese company. Behind the hefty loss were massive costs stemming from the worst nuclear disaster in Japan.
Tokyo Electric Power booked special losses of 1,077.5 billion yen mainly over the crisis at the plant in F**ushima Prefecture, northeastern Japan, which was damaged by the March 11 earthquake and tsunami. The plant, which has six reactors, continues releasing radioactive substances into the environment due to the disaster damage.
In line with the dismal business results, the company will skip term-end dividends. Annual payout will total 30 yen per share, which was paid as interim dividends.
The company did not unveil earnings estimates for fiscal 2011 as it remains to be seen when the nuclear crisis will be brought under control.
News Source: Jiji Press