All data is delayed
Loading...
See More

Tepco seeks fresh $8.5bn from Japan fund

Dec 27 2011 10:49
AFP

Tokyo - Tokyo Electric Power Company (Tepco) on Tuesday asked for an extra $8.5bn in aid from a government-backed fund to help it compensate families affected by the Fukushima nuclear crisis.

The request, if granted, would bring the total amount of aid the utility has sought from the Nuclear Damage Compensation Facilitation Corporation up to ¥1.7 trillion from a previous ¥1.01 trillion.

Tepco said the increase results from government moves to widen eligibility criteria for claimants and to alter the evacuation zone restrictions around the stricken plant, which was hit by the huge waves of March 11.

The decisions have increased both the amount of compensation the firm is liable for and the number of people entitled to claim, it said.

"We submitted a change to the amount of financial assistance" required, Tepco said in a statement.

Japan's industry minister will review the request.

tepco  |  japan

NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

SMALL BUSINESS

Myths that funding and red tape are the two biggest challenges faced by emerging companies and entrepreneurs, have been debunked by a report.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

Working remotely is:

Previous results · Suggest a vote

Loading...