(Bloomberg) — Electric Power Development Co., also known
as J-Power, plans to build a 42-megawatt geothermal power
station in northern Japan.
State-run Japan Oil, Gas & Metals National Corp., which
announced the move in a Jan. 30 statement, will guarantee 80
percent of the 26 billion yen ($221 million) debt, which is to
be provided by a group of banks led by Mizuho Bank Ltd.
The project marks the first time for a geothermal power
station with a capacity of 10 megawatts or larger to be built in
Japan since a 27.5-megawatt station in Oita prefecture started
operations in 1996, Japan Oil, Gas & Metals said.
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Chisaki Watanabe in Tokyo at
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Reed Landberg at
Iain Wilson, Indranil Ghosh