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Japan to Give Nuclear Plant Operator TEPCO $11.5 Billion

HeadlineNov 04, 2011

The Japanese government has announced it will give $11.5 billion of public money to the nuclear power facility operator TEPCO to help the company deal with the fallout from the meltdown at the Fukushima Daiichi nuclear plant. Along with the huge costs of reconstruction, closing the plant and decontamination, TEPCO faces billions of dollars in compensation claims from people and businesses affected by the nuclear crisis.

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