Michele Kearney's Nuclear Wire

Major Energy and Environmental News and Commentary affecting the Nuclear Industry.

Sunday, February 27, 2011

Chubu Electric to invest ¥800 billion abroad by '30

Chubu Electric to invest ¥800 billion abroad by '30

Bloomberg
Chubu Electric Power Co., Japan's third-biggest energy utility, plans to invest as much as ¥800 billion overseas by 2030, increasing its foreign business by more than 10 times as domestic demand falls.
The Nagoya-based utility will invest ¥300 billion in overseas electricity generation and as much as ¥500 billion in businesses to procure fuel and develop renewable energy, according to Yuji Koyama, group leader of corporate planning and strategy. Chubu Electric has invested about ¥60 billion overseas, he said.

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