星期三, 16 7 月, 2025
Home PV News Japan approves Tepco nuclear victims fund

Japan approves Tepco nuclear victims fund

Japan's parliament has approved a plan that would help the Tokyo Electric Power Company, or Tepco, compensate victims of the ongoing Fukushima nuclear crisis, the BBC reported early Tuesday. According to the British broadcaster, Japanese lawmakers passed the plan out of concern that the victims' claims, which could exceed $100 billion, could end up bankrupting Tepco, which supplies electricity to the greater Tokyo area. The plan calls for the government to make an initial contribution of $26 billion to the fund, with Japan's other nuclear power companies also making annual contributions. In exchange, Tepco has reportedly agreed to restructure its operations.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

India will add 8,500 MWh of storage within the next two years

India Central Electricity Authority Chairperson Ghanshyam Prasad said on Wednesday that 3,300 MW of Battery Energy Storage System (BESS) projects are in the pipeline...

Coal giant snaps up solar thermal project in landmark deal for long duration storage technology

AGL, Australia’s biggest coal generator, has snapped up a newly approved solar thermal project in South Australia, adding to its options for long duration...

Al Kharsaah: A Pioneering Solar Power Plant in Qatar

Located 80 km west of Qatar's capital, Doha, the Al Kharsaah Solar PV Independent Power Producer (IPP) project is the country's first large-scale solar...

OMV Petrom Buys 50 Pct Stake in Gabare Solar Project

OMV Petrom S.A. has acquired a 50 percent stake in the Gabare solar project from Enery Element, a large-scale project in Byala Slatina, near...