Mitsubishi UFJ, Partners to Provide 15.8 Bln Yen Loans for Solar

(Bloomberg) — Bank of Tokyo-Mitsubishi UFJ and partners
will provide loans for a 53-megawatt solar power station in the
northern prefecture of Fukushima.

The 77 Bank, based in Sendai, Miyagi prefecture, will
provide 6.8 billion yen ($57 million) of the 15.8 billion yen in
loans, the bank said in a statement Monday. Bank of Tokyo-Mitsubishi UFJ and three other banks will supply the remainder,
according to the statement.

The solar power plant is being built by Kyudenko Corp. and
partners, the 77 Bank said.

To contact the reporter on this story:
Chisaki Watanabe in Tokyo at
cwatanabe5@bloomberg.net

To contact the editors responsible for this story:
Reed Landberg at
landberg@bloomberg.net
Iain Wilson, Andrew Hobbs

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