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Mitsubishi Corp, Nippon Paper Industries Co Ltd and Chubu Electric Power Co Inc to Establish Power Business Joint Venture- JCN Newswire


Tuesday, 6 Aug 2013 10:47pm EDT 

JCN Newswire reported that Mitsubishi Corp, Nippon Paper Industries Co Ltd and Chubu Electric Power Co Inc have signed an agreement for the establishment of a joint venture company to build and operate a 100MW class coal-fired power facility in Shizuoka Prefecture, Japan. Mitsubishi Corp will hold 70% of shares in the joint venture, while Nippon Paper Industries and Chubu Electric will each hold 20% and 10% respectively. The power generated will be sold to Diamond Power Corporation. 

Company Quote

1269.0
16.5 +1.32%
9:14pm EDT