» TEPCO limit annual repayments to the government up to 50 billion yen

2013/11/27

TEPCO will limit its annual repayments of financial aid from the government to pay compensation to ¥50 billion, which means taxpayers face shouldering higher interest payments.

The ceiling will be set so that Tepco can spend more on work to decommission reactors at Fukushima No. 1 nuclear power plant. Previously Tepco had assumed it would repay some ¥100 billion per year, or about half of its pretax profit.
The fund currently extends loans of up to ¥5 trillion to Tepco to help the troubled company on compensation related to the nuclear crisis and the decontamination of areas subjected to radioactive fallout. Tepco may face opposition from taxpayers who will have to shoulder higher interest payments.

<Media Report>
Tepco to limit annual repayment to government to ¥50 billion (Japan Times)

Tags:compensation, japanese government, news, TEPCO

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