Tokyo Electric Power Company Holdings (TYO:9501) (TEPCO), the operator of the crippled Fukushima Daiichi nuclear plant, received 7.2 billion yen in grants from the Nuclear Damage Compensation and Decommissioning Facilitation Corporation, according to a Thursday filing on the Tokyo Stock Exchange.
The latest funding marks TEPCO's 159th request under the Special Business Plan, last revised on March 17. The company said the compensation due by the end of August would exceed earlier grants and indemnity payments.
TEPCO has so far secured 11.401 trillion yen in grants and 188.9 billion yen in indemnity payments.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.