Japan’s largest power company is reportedly dangling a 100 billion yen (US$654 million) payout for locals to restart its long-dormant Kashiwazaki-Kariwa nuclear plant in a move critics have called “bribery”.
The unprecedented financial support package, originally reported by the Nikkei business newspaper, reflects Tokyo Electric Power Company’s (Tepco) mounting desperation to revive the world’s largest nuclear site more than a decade after the Fukushima disaster, according to analysts.
A sprawling complex spread across the coast of the Sea of Japan in Niigata prefecture, Kashiwazaki-Kariwa has stood idle since 2011, when a magnitude 9 earthquake and tsunami triggered catastrophic meltdowns at Tepco’s Fukushima Daiichi plant.
Although Kashiwazaki-Kariwa was spared in 2011, it had previously sustained damage during an earthquake in 2007, raising questions about its future.
Previous efforts to restart the facility have stalled amid safety lapses and regulatory breaches, including Tepco’s admission that it left an intruder detection system unrepaired to cut costs.
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