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.

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