Tepco received the 30th Financial Support of 110 billion yen / Has received over 4 trillion yen so far

(Before It's News)

On 7/24/2014, Tepco received the 30th Financial Support of nearly 110 billion yen to cover the compensation payouts up until the end of this August.

Nuclear power is told to be competitive in terms of the cost, however Tepco has received over 4 trillion yen of Financial Support so far.

The press release was as follows.

”

Today, we have received 105.5 billion yen from the Nuclear Damage Liability Facilitation Fund (hereafter the Fund) based on the revised Special Business Plan (New Comprehensive Special Business Plan) approved on January 15, 2014.

This financial support was given in response to the 30th request made in order to cover the compensation payouts up until the end of August 2014, as the sum of the compensation received in accordance with the “Act on Contract for Indemnification of Nuclear Damage Compensation” (120 billion yen) and the financial support provided by the Fund (4.1441 trillion yen) will not be sufficient for the amount of payouts estimated to be required by that time.

With the financial support received from the Fund, we will continue our utmost efforts in implementing the compensation payouts with courtesy and compassion for the last one afflicted by the nuclear damage.

”

http://www.tepco.co.jp/en/press/corp-com/release/2014/1239544_5892.html

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