(Updates with water pumping of paragraph 13).
April 20 (Bloomberg)--Tokyo Electric Power Co. said it will begin to compensate residents evacuated from areas around its nuclear Central infirmity, as the Government is committed for aid schemes the company.TEPCO, as is called the company, will begin distributing application forms today and payments will be made as soon as possible, spokesman Tetsuya Terasawa, stated at a Conference in Tokyo. Initial compensation totalling approximately 50 billion yen ($602 million) has been promised by the utility last week.TEPCO to claims for compensation as that of 11 billion yen for the worst nuclear crisis in the world since Chernobyl in 1986, Merrill Lynch to Bank of America Corp., said last month. The company is pumping the contaminated water trenches around the reactor buildings damaged by explosions after the earthquake of last month and tsunami it to restore the cooling systems and stop leaks radiation which has forced residents to evacuate.The Japanese Government will assist the efforts of the Tepco to compensate those affected by the crisis of the nuclear plant of Fukushima Dai-Ichi, Secretary General of Government Yukio Edano said today. "Our general policy to provide necessary support is clear,"Edano said." "But what must be done urgently is to pay 1 million yen per household to evacuees and then make the first payments of compensation for business."Giving specific plans SupportNo were decided, Edano said to reporters today in Tokyo. The Government can contribute several yen trillion to create a fund to help Tepco, the Daily Yomiuri, said today, citing an unidentified person familiar with the plan. "The method of the Government to give support for the compensation of the Tepco argued for the kind of details that have been reported," has declared Edano.Tandis that Tepco executives are considering ways to simplify the company, none of the specific proposals were advanced "Terasawa said, adding that he had not heard of the support of the Government. No decision has been filed on the number of job losses, he said.The utility plans to reduce the salaries of executives and eliminate jobs, President Masataka Shimizu, said on April 15, when he gave one million yen per family and 750,000 yen for each household one person within 30 kilometres (19 miles) from the nuclear power plant.Approximately 50 000 households receive help, he said. Payments should get out before the week of the Japan gold holidays which start April 29, Edano said at the time."Our priority is for them to think quickly and act quickly," he said today.OperationTepco shares of pumping fell 0.5% today at 445 yen. They are down by almost 80 percent since the earthquake and tsunami struck on March 11, leaving around 28 000 people dead or missing.Fukushima plant, 220 kilometres north of Tokyo, has six reactors, of which three are excluded for maintenance when the tsunami washed ashore, hitting the backup generators.The company has been cast millions of litres of water to cool the other three reactors and fuel spent after the accident, which has flooded basements and trenches near the reactors. Highly contaminated water leakage in the sea and the utility was dumped less toxic liquids into the ocean.Engineers pumped 210 000 litres (55,000 gallons) of highly radioactive water in the No. 2 reactor at the nuclear plant of Fukushima Dai - Ichi by 7 p.m. today, said Terasawa avoiding operation LeaksAn to remove the 10 million litres of contaminated waterwhich is emitting radiation as high as 1,000 millisieverts per hour, for a storage unit began yesterday.The company is using a hose of 800 metres (2,600 feet) to pump water and limited flow to prevent the construction of pressure, which could cause a leak of contaminated water in other areas of the plant. The operation should take 26 days, Junichi Matsumoto, Executive Director, said yesterday.The water will be decontaminated by a unit of water treatment that Areva SA intends to deliver at the end of next month, the French company said yesterday in a statement.The processing unit, which separates and retrieves the radioactive particles, can process 50,000 liters (13 gallons) of water per hour, CEO of Areva, Anne Lauvergeon, said yesterday at a Conference in Tokyo. "The contaminated water must be treated quickly because it prevents Tepco of repair for power plant cooling systems and power,"Areva said in the statement. " The unit "will be strongly reducing the levels of radioactivity in water, which could be re-used in the central cooling systems."-With the help of Taku Kato, Maki Shiraki and Hur Jae in Tokyo. Editors: Aaron Sheldrick, John Viljoen
#<167920.603814.2.1.87.23378.96># - 0-Apr/20/2011 06: 20 GMT
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To contact the reporters on this story: Yuji Okada at Tokyo to the yokada6@bloomberg.net; Michio Nakayama in Tokyo at the mnakayama4@bloomberg.net. Tsuyoshi Inajima in Tokyo at the tinajima@bloomberg.net
To contact the editor responsible for this story: Amit Prakash to aprakash1@bloomberg.net
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