Tepco Sharholders Agree to Nationalise Struggling Energy Company
Tokyo
Electric Power Company (Tepco) is the biggest energy company in Japan,
but since the disaster at the Fukushima Daihatsu nuclear power plant
last year it has struggled to survive.Shareholders held a meeting in
which they agreed to accept $12.6 billion from the Japanese government
and nationalise the company. In total Tepco has received $43.9 billion
in support from the government since last year’s earthquake and tsunami
caused the reactor meltdown at Fukushima, and the subsequent closure of
all nuclear reactors in Japan.Japan used to…Read more...
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