Wednesday, June 27, 2012

Tepco shareholders agree to nationalisation

Aerial view of No.1 reactor building at Fukushima (27 April 2011)

Shareholders of Tokyo Electric Power Company (Tepco), which operates the crippled Fukushima nuclear power plant, have approved the nationalisation of the company.

Protesters outside the meeting demanded the company abandon nuclear power.

The government will put 1tn yen ($12.6bn; £8bn) into the utility company to prevent its collapse.

It brings its support for Tepco to at least 3.5tn yen since last year's earthquake caused a reactor meltdown.



Source & Image : BBC

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