核电

Tepco forced to seek state support

The utility company at the centre of the worst nuclear accident in 25 years has said it will ask the Japanese government for financial support as it faces a long battle to contain radiation leaks from a stricken facility.

This is the first time since an earthquake three weeks ago that Tokyo Electric Power has indicated it might not be able to fund the cost of the crisis on its own.

Last week the company raised $25bn in emergency funding from three of Japan’s largest banks while saying it had “sufficient liquidity”.

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