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Wednesday, May 4, 2011

Tokyo electric power and not nationalization is rumor

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as Japan nuclear leak continued deterioration Tokyo electric power company (East)-nationalisation rumored flush again. According to Japan the Yomiuri Shimbun reported on 29th, Japan temporary nationalization of the Government is studying the Tokyo electric power company plans and burden of Fukushima first nuclear spill compensation.

in this regard, Japan's Chief graft wild men and the morning of 29th emergency “ rumor ”, does not consider East nationalisation. Japan Prime Minister Naoto's spokesman also said East nationalisation is not on the agenda, the Government is discussing with the East its debt problems.

payment amount will be “ sky-high ”

from the effects of the Yomiuri Shimbun news, orient power company stocks fell again on 29th stop. Japan earthquake since the company's stock has fallen about 75%.

Tokyo electric power company market survival prospects worrisome, because it is unclear how much Tokyo Electric to pay compensation, coupled with the power station outside of &ldquo found trace amounts of highly toxic radioactive substances in the soil; plutonium ”.

Japan Prime Minister Naoto Kan said on 29th, Japan is facing the biggest crisis ever, nuclear power plants is currently the situation is still difficult to predict. It's more worrying the final claim amount of resolving the nuclear crisis will be sky-high.

a senior executive at East, compensation “ ” more than 120 billion yen ——— under government regulations, Japan Government to provide insurance for 120 billion yen.

Japan of atomic force damage compensation method under provisions, nuclear accident of compensation responsibility, by nuclear power plant itself bear, if is by earthquake or tsunami caused of accident, is Japan Government will bear highest 120 billion yen of compensation responsibility, and by “ social dynamic mess ” or “ exception of huge disaster ” caused of accident, nuclear power plant can exemption, by Government bear all compensation.

however, the exceptions, not once have applied so far.

East-facing high costs include: need to clean up the damage and pollution of nuclear power plants, restore the loss of power supply, and compensation for residents and businesses affected by the nuclear leaks. huge compensation under more than affordability or from the Tokyo Stock Exchange, >>>

cleanup and off nuclear reactors will also be costly, Tung is expected to be used as reserve for future power plant closes the setting aside of 510 billion yen. It will have to pay to make up for the loss of Fukushima's power generation capacity. East of another nuclear power plant in an earthquake in July 2007, was forced to close, forcing the company had to purchase other fuel, causing the fuel Bill exceeds the budget of 420 billion yen.

according to Japan's Kyodo News Agency reported that Tokyo electric power company faces third-party liability for damages of us $ 1.5 billion. Because mainly people from 19 km evacuation zone around the nuclear power plant for farmers, as well as other victims, evacuation areas claimed.

in addition, East must redeem the bonds, worth about 570 billion yen this year, but Chief credit analyst at BNP Paribas in Tokyo m anaN akazora estimates, in addition to the redemption cost, it may still have to bear the additional expenditure of up to $ 3.69 trillion yen.