Fukushima operator needs more money to compensate victims

8 years ago by in Featured, Japan

FukushimaTokyo Electric Power Co. (TEPCO), the operator of Fukushima nuclear plant which was destroyed last year after a violent earthquake and tsunami, needs more money to pay the growing bills for compensating victims.

The costs grew at Y3.24 trillion ($38 billion), up Y697 billion since March, when the last calculation was made.

The original aid sum was established at Y1.1 trillion in October 2011, seven months after the nuclear accident at Fukushima melted down the plant’s reactors and forced tens of thousands of people to evacuate. Since then, the costs grew three times. TEPCO stated it has already received an aid of Y1.5 trillion.

A public-private organization, the Nuclear Damage Liability Facilitation Fund, is expected to consider the request in the New Year, according to the international press.

TEPCO also has to pay another bill of about Y10 trillion, for the work to dismantle the crippled plant and to clean areas polluted by radiation.