Friday, March 18, 2011

So TEPCO, the company that manages Fukushima

"In whose hand is the central Fukushima? Who is managing the nuclear crisis are on tenterhooks the whole planet? The answer is TEPCO (The Tokyo Electric Power Co.), Tokyo Electric Company. A company that generates a third of Japan's electricity and is the largest energy provider in the country. It supplies more economically productive areas like the capital, Tokyo, and cities with greater population density.

In March 2010, the company was serving 44.45 million Japanese and supplied power to an area of \u200b\u200b39.529 square kilometers. Despite being one of the most experienced companies in nuclear energy production, the company that manages Fukushima has a history full of dark spots. Tepco accumulates multiple records for violating security protocols: In 2002, electricity was accused of injecting air into the containment building of the Fukushima No.

1 reactor to artificially lower the level of filtration. A fraud came to light thanks to the observers of General Electric, which designed the reactor, they informed the Japanese Government, according to British newspaper The Times. After being discovered, the power company presented "sincere apology for engaging in dishonest practices." That same year, the government accused Japan of distorting Tepco routine inspections and concealing the central security issues for many years.

Finally, TEPCO had falsified information to admit that 200 times between 1977 and 2002. And it is curious that the complex of Fukushima to become operational in March 1970, just as in that decade were confirmed numerous problems. In fact, the company was forced to close all boiling water reactors, the same type that is in Fukushima, until it conducted more inspections.

And again in 2007, TEPCO starred in another scandal for failing to report on the failures of Kashiwazaki-Kariwa plant, damaged after an earthquake of 6.8 magnitude. With this background, it is not surprising that the Japanese government doubts that TEPCO is reporting on the actual severity is Fukushima.

For that reason, Japan's government 20 officials have been installed in the headquarters offices of TEPCO Tokyo, has revealed a company spokesman. The government wants to avoid a repeat of the incident last Tuesday when the Prime Minister, Naoto Kan, scolded the company for over an hour delay to tell you about the explosions in two of the reactors.

"What the hell?" Khan claimed the leaders of the operator. The nuclear disaster has opened the debate about whether a private company must manage a national emergency of this magnitude that could affect millions of citizens. Regarding your financial situation, the company had revenues of EUR 30.382 million and recorded a turnover of 44.286 million euros in 2009.

In March 2010, TEPCO sold 280.000 million kW / h. Its largest shareholder is Japan Trustee Services Bank and insurance company The Dai-ichi Life, among other financial organizations. Although the Government of Japan has a small stake. The REPAT of shareholders is as follows: small shareholders 37.7%, 36.3% private financial institutions, foreign companies (17%), other Japanese companies (4.9%), Japanese local governments and national (3.2 %) and other financial firms (0.9%).

Although it has lost half its market value since the earthquake on Friday, TEPCO was the fourth largest energy company in the world, after Germany's E. ON and France's Electricite. Established in 1951, the electricity was assigned the task of creating a reliable infrastructure to power the country face to rebuild their economy after World War II.

In the 70's, Japan has chosen to nuclear as the main source of electricity. This allowed them not only maintain high performance of their factories, but to reduce its dependence on imported oil and coal. Today, paradoxically, nuclear expansion 'sold' as the means to accomplish the reduction of greenhouse gases.

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