TEPCO seeks public funds to make Fukushima payments

Tokyo Electric Power Company TEPCO requests $5.9 billion from Japanese government Fukushima nuclear

The Tokyo Electric Power Co. (TEPCO) has requested an additional $5.9 billion from the Japanese government to help meet the growing compensation claims from people whose lives were upended after the Fukushima disaster, Nikkei Daily reports.

The request brings the utility’s total cash payments to victims of the meltdown from the Nuclear Damage Liability Facilitation Fund to $38 billion, equivalent to nearly one percent of Japan’s GDP.

Subscribe to Nuclear Power International magazine

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Shell Leverages Data to Transform from Reactive to Predictive Operations

This 6-page report describes how Shell engaged in a massive project with OSIsoft to transform the...

Selection, Use, Care and Maintenance of FR Clothing

For industries operating in an inherently dangerous environment, the importance of selecting the ...

Evolution or Revolution: IT / OT convergence means a world of possibilities

The oil and gas industry is experiencing a rapid paradigm shift in regards to digital transformat...

Predict, Prescribe, Profit: Creating a World that Doesn't Break Down

What are you doing to reduce unplanned downtime at your plant? Equipment breakdowns and process i...