Tepco to get $11bn government aid after plan approval

LONDON. November 4. KAZINFORM Tokyo Electric Power Company (Tepco) is to receive 900bn yen ($11.5bn; £7bn) in bailout funds after the government approved its business plan; Kazinform refers to BBC.

The funds are part of the government's bailout plan for Tepco, which has just reported a six month loss of 627bn yen.

The earthquake and tsunami in March damaged its Fukushima Daiichi nuclear plant, resulting in radiation leaks.

It may have to pay $100bn (£62bn) in compensation claims relating to those leaks.

About 80,000 people living with 20km (12 miles) of the Fukushima plant were forced to abandon their homes after the radiation leaks and many businesses were forced to shut down.

Tepco reported a net loss of 627bn yen for the six months from April to September, due to the costs of dealing with the crisis at Fukushima.

That figure compares with a net profit of 92.3bn yen in the same period last year; Kazinform cites BBC.

To learn more go to www.bbc.co.uk