TEPCO Asks for Government Help to Avoid Bankruptcy Over Fukushima Clean-Up

6 Oct 2016 by OOSKAnews Correspondent
TOKYO, Japan

The Tokyo Electric Power Company (TEPCO), operator of the Fukushima Daiichi Nuclear Power Plant, has asked the Japanese government to help it avoid bankruptcy due to the escalating costs of the clean-up at the crippled facility.TEPCO did not say what type of help it was requesting; TEPCO President Naomi Hirose told a government panel, "We don't want to receive national rescue measures but want to bear the Fukushima responsibility ourselves.""If the issue of recognizing all the estimated losses at once were to emerge, our company would fail, so we would like some structural assistance from the government to be able to avoid that risk," Hirose later told reporters...

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