Japan Approves Tepco Compensation Scheme

Japan”s cabinet has approved a plan to set up a fund to help Tokyo Electric Power (Tepco) compensate victims of its tsunami-crippled nuclear plant.

The plan still needs to be approved by the Japanese parliament.

Earlier this year Tepco reported a loss of $15bn (lb9.2bn) and may have to pay more than $100bn in compensation.

Japan”s cabinet approves Tepco compensation scheme

© 2013 Energy Tribune

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