J-Power planning 42 MW geothermal plant in Akita, Japan
Magoroku Hot Spring, Akita, Japan (source: flickr/TED_KANAKUBO, creative commons)
Francisco Rojas
2 Feb 2015
Bloomberg says that J-Power, Mitsubishi Materials Corp. and Mitsubishi Gas Chemical Co. will take part on the 42 MW geothermal plant in northern Japan.
For the first time since the late 1990’s, Japan is planning to commission a new geothermal powerplant on the Akita prefecture.
In a brief news piece from Bloomberg, J-Power is behind the project. The same source states that “Mitsubishi Materials Corp. and Mitsubishi Gas Chemical Co. will also take part in the project in Akita prefecture. The plant will start running in May 2019.
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.””
Source: Bloomberg
