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Japan OKs plan to give $11.5 billion in aid to TEPCO nuclear plant operator

Japans government Friday approved spending $11.5 billion of public money to help the operator of the tsunami-hit nuclear power plant decontaminiate the site and dismantle the reactors.

Japans nuclear minister, Goshi Hosono, says the aid is meant as a preliminary installment to help cash-strapped Tokyo Electric Power Co. cover the massive cost of the work.

The 900 billion yen comes from the fund made up of all Japanese nuclear plant operators and the government.

Read the rest of the story: Japan OKs plan to give $11.5 billion in aid to tsunami-hit nuclear plant operator.