Insurance for a possible plant accident
Japanese authorities have endorsed a set of measures intended to alleviate the plight of Tokyo Electric Power (TEPCO), due to the high compensation that will pay for the accident of the nuclear plant in Fukushima. Thus, from Tokyo expect to save more energy company throughout Asia.
According to the Kyodo news agency, the government determined the implementation of a state agency charged with ensuring the economic viability of TEPCO, injecting public money. The intention of the Japanese authorities is that the other companies that run nuclear plants in Japan soil, eight in total, allocate money to a fund managed by the state agency, and which will serve as insurance for possible new nuclear plant accidents.
However, this decision creates some doubt because it is likely that some of the eight companies to offset the money for the fund through increases in electricity bills. Against this background, many Japanese people are prepared to spend next summer with cuts in the flow of electricity, due to difficulties in some nuclear plants.
The government’s Japan includes monitoring the administration of TEPCO by an independent commission, and where it is expected the sale of assets, reduced payroll and wages.
TEPCO asked a few days ago the government aid to deal with compensation. To this end, Masataka Shimizu, leader of TEPCO, had a meeting with Yukio Edan and Banri Kaieda, government spokesman and Minister of Industry Japanese respectively. After the summit, Kaieda said they reached a common understanding was to minimize the economic cost to the people of Japan.
So far, TEPCO has not determined the cost of compensation will have to cancel the accident Fukushima, and which forced the evacuation of over 70,000 inhabitants of the area within a radius of 18 kilometers around the power plant. Some believe in more than 60 billion euros the amount to pay, but until now there is an official voice to confirm the amount. The calculation is done is a million yen per household (about € 8,350) and 750,000 (approximately € 6,260) yen for people who live alone.
To address the monies to be called, TEPCO had already been made public up to 50% reduction of the salaries of members of the board of directors, 25% for workers in management positions and up to 20% for the rest of the squad. After the summit with the Japanese authorities, Shimizu said that payments to executives will be lower than expected and that the central organization will be changed, opening the possibility for sale of shares.
TEPCO has been all the questions since the incident occurred in Fukushima, whose main cause was the tsunami on 11 March and disabled the cooling of the reactor causing a nuclear crisis with global reach. The consequences were swift, and declared illegal by the Japanese executive entry to a radius of 18 kilometers Fukushima Daiichi nuclear complex. Although the recommendation is to refrain from doing so until it reaches a radius of 31 kilometers, which cover about 51,000 homes. Currently TEPCO began distributing compensation claims among the evacuees to receive temporary compensation.
Posted in 
Tags: