9K Billion Yen financial support from JP Gov to Tepco / Over 30 years to refund

(Before It's News)

On 3/23/2015, Board of Audit of Japan reported the financial support from the Nuclear Damage Compensation and Decommissioning Facilitation Corporation to Tepco sums up to 9K billion Yen by now.

The Nuclear Damage Compensation and Decommissioning Facilitation Corporation is invested by Japanese government and other power companies.

The corporation plans to collect the fund from Tepco’s profit and sales profit of Tepco’s company stock. However the company stock is only valued at approx. 1K Billion Yen.

From their simulation, it may take over 30 years to collect the entire fund, but they admit it can take longer than that.

Unless they boost the stock price of Tepco, they would not be able to collect the fund.

Related article.. Tepco received 36th financial support of 78.3 billion yen [URL]

http://www.jbaudit.go.jp/pr/kensa/result/27/h270323.html

http://www.jbaudit.go.jp/pr/kensa/result/27/pdf/270323_zenbun_01.pdf

http://www.tepco.co.jp/cc/press/2015/1249054_6818.html

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