Saturday, December 3, 2011

TEPCO pays $1.14 bil in compensation to farmers


TEPCO pays $1.14 bil in compensation to farmers




Tokyo Electric Power Company said it has completed paying about 80 percent of the 1.4 billion dollars in compensation requested by farmers.

The operator of the Fukushima Daiichi nuclear plant says on Friday that the latest installment of compensation totaled about 502 million dollars, which was paid to agricultural groups. The company so far has paid 1.1 billion dollars in compensation.

The company plans to make another payment by the end of this year to the farming and livestock industries which requested by November 15th.

Agricultural groups from 17 prefectures demanded 1.4 billion dollars in damages from TEPCO over losses incurred from the decline in the price of their products.

TEPCO said that of the remaining 287 million dollars, 96 million is likely to be paid by the year-end.

The company said requests concerning farm products excluded from government compensation guidelines could take more time for processing but that it wants to accelerate the procedure.

Saturday, December 03, 2011 13:03 +0900 (JST

Please read complete article at link below:


http://www3.nhk.or.jp/daily/english/20111203_13.html

KawamotoDragon.com


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