The Japanese government decided Wednesday to inject 1 trillion yen (12.5 billion dollars) of public funds into Tokyo Electric Power Co (TEPCO) as part of a 10-year restructuring plan to help the troubled utility deal with its financial problems following the nation's worst nuclear disaster, according to a report of DPA. Industry Minister Yukio Edano approved the plan that puts TEPCO under state control while the utility is facing massive compensation payments to the victims of the disaster at the Fukushima Daiichi Nuclear Power Station and decommissioning ravaged reactors. TEPCO is expected to receive the 1 trillion yen from the state-backed Nuclear Damage Liability Facilitation Fund after the utility's shareholders meeting in June.
