
104 The Fukushima 2011 Disaster
over their areas and electricity costs are some of the world’s highest
(Obe 2012c).
By early March 2012, Japan’s biggest banks were finalizing
proposals to provide TEPCO with new loans and rollovers worth
billions of dollars (Obe 2012d). Under the proposal, TEPCO’s main
creditors will provide 6.1 billion dollars in new loans, set up 4.9 billion
in new credit lines and agree to rollover 2.0 billion dollars. TEPCO,
however faces two main problems. It must generate enough profi t
to pay compensation to those affected by the Fukushima disaster (by
raising electricity rates as much as 17 percent) and decommission ...