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Japan to inject USD62 bln into TEPCO

05-12-2011 13:55 BJT

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Japanese government is planning to inject about 62 billion US dollars into a fund to help Tokyo Electric Power compensate victims of the nuclear crisis.

The scheme is designed to protect bondholders and will keep Tokyo Electric shares listed, although the utility will be forced to forgo dividend payments for several years.

Tokyo Electric requested government aid on Tuesday. Then the government put forward six conditions including no limit on Tokyo Electric's liabilities, ensure the stability of the Fukushima nuclear power plant and set a third party to supervise the company's finance situation.

The Tokyo Electric accepted all of the six conditions on Wednesday.

 

Editor:Liu Fang |Source: CNTV.CN

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