TEPCO to be made liable for businesses affected by Fukushima nuclear accident

07/19/2011
By

TOKYO (majirox news) — Tokyo Electric Power Co. (TEPCO) will be made liable for compensating businesses trading with companies affected by the nuclear reactor meltdowns at its Fukushima Daiichi plant, according to the Nuclear Damage Compensation Review Board guidelines to be announced July 19.

The board has already set out guidelines to compensate those evacuated by the crisis at the plant, where three reactors went into meltdown after being damaged following the March 11 earthquake and tsunami, as well as for damage to the local area and businesses affected by rumors in the wake of the accident.

Compensation in the board’s interim guideline plan to be disclosed Tuesday will also be extended to those labeled as “indirect victims,” which include businesses whose products or services have been affected by dealing with directly affected organizations.

Those eligible to become indirect victims include businesses who have lost or faced suspension of sales or delivery of materials, or those who have been unable to find new trading partners as a direct result of businesses being directly affected by the Fukushima accident.

TEPCO will also be made liable for companies whose sales have declined due to a loss of customers because they were evacuated from the disaster area, as well as companies that suffered by being unable to receive supplies or materials from plants within the evacuated area.

kenji@majiroxnews.com

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