– [Nuclear is cheap] Tepco received “27th” financial support from Nuclear Damage Fund / 3.7 Trillion yen so far (Fukushima Diary, April 24, 2014):
On 4/23/2014, Tepco announced they received the 27th financial support from the Nuclear Damage Liability Facilitation Fund.
The value of the support is 191.8 billion yen. They have received 3,687,000,000,000 yen of financial support from this fund and 120 billion yen of compensation in accordance with the “Act on Contract for Indemnification of Nuclear Damage Compensation”.
Tepco states the total of the financial support that Tepco has received so far is not sufficient to cover the compensation payouts until the end of May 2014.
The announced to the press as below.
Press Release (Apr 23,2014)
Financial Support from the Nuclear Damage Liability Facilitation Fund
Today, we have received 191.8 billion yen from the Nuclear Damage Liability Facilitation Fund (hereafter the Fund) based on the revised Special Business Plan (New Comprehensive Special Business Plan) approved on January 15, 2014.
This financial support was given in response to the 27th request made in order to cover the compensation payouts up until the end of May 2014, as the sum of the compensation received in accordance with the “Act on Contract for Indemnification of Nuclear Damage Compensation” (120 billion yen) and the financial support provided by the Fund (3.6870 trillion yen) will not be sufficient for the amount of payouts estimated to be required by that time.
With the financial support received from the Fund, we will continue our utmost efforts in implementing the “compensation payouts with courtesy and compassion” in consideration of those afflicted by the nuclear damage.