![]() ![]() ![]() TEPCO is facing other troubles on top of its burden of decommissioning the wrecked plants and paying compensation. In a worst case scenario, it could take up to 42 years for TEPCO to fully pay back the costs, the Board of Audit said, citing its own estimate.Īssessing the damage and details of melted debris inside of the reactors is technically daunting and dozens of lawsuits could raise the amount of compensation required. TEPCO's mandated repayments were cut to 40 billion yen ( $270 million) a year from an initial 70 billion yen ( $470 million) a year. Costs of the cleanup are funded by government bonds, so increases or delays add to the public debt. TEPCO is repaying those debts out of its revenues including electricity bills.Īccording to the Board of Audit, the government raised its funding limit to 13.5 trillion yen ( $92 billion) from an earlier 9 trillion yen ( $61 billion) in anticipation of higher costs. ![]() The government has shouldered initial costs of the compensation with money borrowed from financial institutions. The Board of Audit said that by April, the government had provided 10.2 trillion yen ( $70 billion) in no-interest loans to TEPCO for the plant cleanup, decontamination of its surroundings and compensation to people affected by the disaster. Funding for the first 11 years of the disaster has already amounted to nearly half of TEPCO’s total estimate of a cost of 22 trillion yen ( $150 billion) for the decades-long project. ![]()
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