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Japanese gov't considers injecting 1 trillion yen to TEPCO

(Xinhua)

17:13, December 08, 2011

TOKYO, Dec. 8 (Xinhua) -- The Japanese government is considering injecting another 1 trillion yen (about 12.9 billion U. S. dollars) into Tokyo Electric Power Company from public funds and additional bank lending to keep the operator of Fukushima No.1 power plant running steadily.

The money will be injected from next fiscal year through the Nuclear Damage Liability Facilitation Fund and will lead to the nationalization of the company. The government had provided a total of 891 billion yen (about 11.5 billion U.S. dollars) to TEPCO to cover the massive compensation payment.

But TEPCO may refuse the option, because it want to resume the nuclear power plants of its won and raise the charge of electricity to cover the fiscal deficit rather than to be nationalized.

 
 
 
 
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