Officials of Tokyo Electric Power Co., the operator of the plant, say tritium poses little risk to human health and is quickly diluted by the ocean.
In an interview with local media, Takashi Kawamura, chairman of TEPCO, said: "The decision has already been made." He added, however, that the utility is waiting for approval from the Japanese government before going ahead with the plan and is seeking the understanding of local residents.
The tritium is building up in water that has been used to cool three reactors that suffered fuel melt-downs after cooling equipment was destroyed in the magnitude 9 earthquake and tsunami that struck north-east Japan in March 2011.
Around 770,000 tons of highly radioactive water is being stored in 580 tanks at the site. Many of the contaminants can be filtered out, but the technology does not presently exist to remove tritium from water.