nuclear-news

Tepco shares plunge, – Fukushima compensation more than $100 billion?

Tepco wants government help for compensation payments BBC News 10 May 11 ……Total compensation claims are yet to be known, but analysts say they may be more than $100bn (£61bn). Engineers are still struggling to contain damage at the Fukushima Daiichi plant in northeastern Japan.

The government of Prime Minister Naoto Kan is now under pressure to review Japan’s energy policy, which has been heavily dependent on nuclear power.

…… Shares in Tepco have plunged since the 11 March quake and subsequent tsunami.

Japanese media has reported that Tepco may have to raise electricity prices in order to help pay for payments….. http://www.bbc.co.uk/news/world-asia-pacific-13330263

May 10, 2011 - Posted by Christina Macpherson | business and costs, Japan