TEPCO gets 120 bil. yen as government insurance over nuclear crisis


  • TEPCO gets 120 bil. yen as government insurance over nuclear crisis

    TOKYO (Kyodo) -- Tokyo Electric Power Co., operator of the crisis-stricken Fukushima Daiichi power plant, said Tuesday it has received 120 billion yen from the government under an existing insurance program for nuclear accidents.

    The funds will be used by the company to pay massive compensation to people and companies affected by the world's worst nuclear accident in 25 years. The utility, known as TEPCO, has separately received 558.7 billion yen from a state-backed funding entity.

    webmasters comment:

  • Why does the government 1st have to pay TEPCO and then TEPCO transfers the money to the evacuees? It would be much easier to compensate everyone directly since government allready has all the tax and bank account numbers...

    Beacuse the money never reaches the people.

    workers don't get paid, evacuees are broke and tepco is handing out applications that are nothing short of a mockery of all of the peoples suffering.

    Source: mdn.mainichi.jp