The company is was preparing to make fair and speedy compensation payouts under the scheme approved by the government.
The fund will ensure the regional power monopoly in Tokyo and surrounding areas can keep supplying electricity.
The scheme requires other nuclear power operators to make annual contributions to the fund, and the government will make its contributions when needed.
The government plans to finance the fund by issuing special-purpose bonds and will control the management of TEPCO and other power utilities ‘for a certain period of time’.
TEPCO will repay the fund over an unspecified number of years, reports Reuters.
