Tokyo electric power company could face compensation claim topping $130 billion if Japan’s worst nuclear crisis caused due to the March earthquake and tsunami drags on, bank of America- Merrill Lynch estimated, fuelling expectations Japan’s government will step in to save Asia’s largest utility.
The investors of Tokyo electric company are concerned about the future of the Tokyo Electric has been mounting after its president, MASATAKA SHIMIZU, was admitted to hospital and the company said on Wednesday that 24billion $in emergency loans from Japan’s major banks would not comes its mounting costs.
The company also known as TEPCO, has come under fire for its handling of the emergency at its fukushima Daichi nuclear complex, triggered by the 11th march earthquake and tsunami that left more than 27,500 people dead and missing.
TEPCO TO FACE COMPENSATION CLAIM
Report by Asha Mathew
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