. Energy News .




.
CIVIL NUCLEAR
TEPCO asked to consider temporary state control
by Staff Writers
Tokyo (AFP) Dec 27, 2011


Japan's government on Tuesday floated the idea of putting the operator of the crippled Fukushima nuclear power plant under temporary state control, as it asked for $8.9 billion more in compensation aid.

Yukio Edano, the minister of economy, trade and industry, told Tokyo Electric Power Co. (TEPCO) to consider "every possibility including temporary state control" to strengthen its financial base, the Jiji and Kyodo news agencies reported.

Edano made the remark when he met TEPCO president Toshio Nishizawa after the company asked for the additional aid from a government-backed fund to help it compensate families affected by the nuclear crisis

A massive earthquake and tsunami on March 11 left 20,000 dead or missing and crippled nuclear reactors into meltdown at the plant in Japan's northeast.

The company's request, if granted, would bring the amount of aid the utility has sought from the Nuclear Damage Compensation Facilitation Corporation to 1.7 trillion yen ($21.8 billion) from a previous 1.01 trillion yen.

TEPCO said the increase results from government moves to widen eligibility criteria for claimants and to alter the evacuation zone restrictions around the stricken plant, which was hit by the tsunami's huge waves.

The decisions have increased both the amount of compensation that the firm is liable for and the number of people entitled to claim it, TEPCO said.

"We submitted a change to the amount of financial assistance" required, it said in a statement.

A government panel has estimated claims from victims affected by the world's worst atomic disaster since Chernobyl could reach 4.5 trillion yen by 2013.

The accident has not directly claimed any lives, but left tens of thousands of people displaced and rendered whole towns uninhabitable, possibly for decades.

The utility's shares tumbled earlier this month on a press report that it would be effectively nationalised following a massive government share purchase.

The share purchase -- which would be made through a state-backed body set up to help pay nuclear compensation costs -- was aimed at putting TEPCO under temporary government control as it undergoes a massive restructuring, the Mainichi newspaper reported.

The report did not say what percentage of TEPCO shares the government would own after the sale, but added that Tokyo would move to replace company chairman Tsunehisa Katsumata and most of its senior executives.

Related Links
Nuclear Power News - Nuclear Science, Nuclear Technology
Powering The World in the 21st Century at Energy-Daily.com




.
.
Get Our Free Newsletters Via Email
...
Buy Advertising Editorial Enquiries




.

. Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle



CIVIL NUCLEAR
Areva in talks with state fund on selling Eramet stake
Paris (AFP) Dec 27, 2011
French nuclear energy giant Areva said Tuesday it was in exclusive talks with the state investment fund FSI on selling its stake in the Eramet mining company worth more than 600 million euros. Areva, which holds a 26 percent stake in the French mining company, said earlier this month that it wants to sell more than 1.2 billion in assets as part of a major restructuring and cost-cutting drive ... read more


CIVIL NUCLEAR
Unique geologic insights from "non-unique" gravity and magnetic interpretation

LISA Pathfinder takes major step in hunt for gravity waves

Gravitational waves that are 'sounds of universe'

Microgravity Science Glovebox Team Celebrates 10,000 Hours of Glovebox Operation

CIVIL NUCLEAR
Notre Dame researchers develop paint-on solar cells

Solar power use expands in S. America

Arizona YMCA's Go Solar

Recurrent Energy Secures $250M Financing For 200MW of Solar PV Projects

CIVIL NUCLEAR
Wind Power Accounts For Over 80 Percent Of Brazil's Contracted Energy

Eneco appoints Natural Power as Owner's Engineer on 51MW Lochluichart wind farm

Iowa State engineers study how hills, nearby turbines affect wind energy production

More than twenty UK wind farm sites adopt Natural Power's ForeSite wind forecasting service

CIVIL NUCLEAR
India against binding emissions pact: minister

Eight Cities Selected To Receive Free Neighborhood Design Consultations Under US EPA Grant

China building Asia's biggest thermal power plant

European carbon market suffers in annus horribilis

CIVIL NUCLEAR
Iran sends a message

US sends 'strong message' with Saudi fighter deal

Researchers develop new method of cleaning toxins from the oilsands

Turkey, Azerbaijan sign pipeline deal

CIVIL NUCLEAR
New Exo planets raise questions about the evolution of stars

Astronomers discover deep-fried planets

Two new Earth-sized exoplanets discovered

NASA Discovers First Earth-Size Planets Beyond Our Solar System

CIVIL NUCLEAR
Daewoo wins Indonesian submarine deal

S. Korea exports submarines to Indonesia

Lockheed Martin Achieves Critical Reliability Testing Milestone For Navy Minehunting System

Raytheon Awarded US Navy Contract for DDG 1000

CIVIL NUCLEAR
Meteorite Shock Waves Trigger Dust Avalanches on Mars

Opportunity at One of its Two Winter Spots

Scientists find microbes in lava tube living in conditions like those on Mars

MARSIS Completes Measurement Campaign Over Martian North Pole


.

The content herein, unless otherwise known to be public domain, are Copyright 1995-2012 - Space Media Network. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement