nuclear-news

$billions needed from Japanese government to save Tepco from bankruptcy

TEPCO seeks new billions from Japan   CNN   March 29, 2012 – 
*Tokyo Electric Power Co. is asking the Japanese government for about $22 billion
*The company is reeling from the Fukushima Daiichi nuclear disaster
* Analysts say it the accident may cost up to 10 trillion yen ($120 billion)
Tokyo  – Japan’s largest utility asked the government for 1 trillion yen ($12 billion) in fresh capital Thursday to stay solvent as it faces enormous compensation costs for the Fukushima Daiichi nuclear disaster.

The Tokyo Electric Power Co. is also seeking another 800 billion yen ($10 billion) from a government fund to help it compensate people affected by the Fukushima Daiichi accident, including the estimated 100,000-plus people displaced. It has already requested more than 1.7 trillion yen from that fund…. http://edition.cnn.com/2012/03/29/world/asia/japan-tepco/

March 30, 2012 - Posted by Christina Macpherson | business and costs, Japan, politics