FUKUSHIMA, Japan, March 24 (UPI) -- Japanese electric utility TEPCO is confronting ongoing water leaks and other problems at its Fukushima nuclear plant, but is moving forward with plans to scrap the plant in 30 to 40 years.
The Asahi Shimbun reported TEPCO has spent $4.93 billion to combat persistent perils associated with Fukushima No. 1, a nuclear plant that continues to accumulate contaminated water. TEPCO estimated $8.35 billion is needed to contain the radioactive material. South Korean news agency Yonhap reported a TEPCO representative said Fukushima No. 1 is leaking 300 tons of contaminated water on a daily basis and the utility was struggling to build additional storage.