TEPCO submits compensation aid request to govt
The president of TEPCO on Tuesday submitted a request for Japanese government aid in compensating those affected by its stricken nuclear power plant, as the utility said it faced funding problems. Presenting the request to trade and industry minister Banri Kaieda, Masataka Shimizu told reporters that the company accepts it has liability for damages caused by the world's worst nuclear accident for 25 years. "We face an extremely severe situation regarding fund-raising such as loans from financial institutions, not to mention bond issuance," Tokyo Electric Power (TEPCO) said in the submitted document. (AFP)
The president of TEPCO on Tuesday submitted a request for Japanese government aid in compensating those affected by its stricken nuclear power plant, as the utility said it faced funding problems. Presenting the request to trade and industry minister Banri Kaieda, Masataka Shimizu told reporters that the company accepts it has liability for damages caused by the world's worst nuclear accident for 25 years. "We face an extremely severe situation regarding fund-raising such as loans from financial institutions, not to mention bond issuance," Tokyo Electric Power (TEPCO) said in the submitted document. (AFP)Japan may take equity stake in TEPCO: report
Japan's government may take an equity stake in Tokyo Electric Power Co (TEPCO), the operator of a crippled nuclear power plant, to help pay compensation to affected people, a report said Tuesday. The president of the beleaguered utility was to meet the government Tuesday as TEPCO seeks government help in compensating victims of the Fukushima nuclear crisis. The Fukushima Daiichi Plant was heavily damaged by the deadly earthquake and tsunami of March 11, and has since been releasing radioactive material. (AFP)
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