Bloomberg News

Japan’s IHI Buys Stakes in California Power Plants From Exelon

August 21, 2012

IHI Corp. a Japanese maker of heavy machinery, acquired as much as 50 percent stakes in five power plants in California from Exelon Corp. (EXC:US)

IHI bought shares in three biomass power plants and two coal-fired stations, which the company plans to convert to biomass, IHI said in a statement today without disclosing any financial details.

The two coal-fired plants are Rio Bravo Jasmin and Rio Bravo Poso stations, each with a capacity of 33 megawatts, according to the statement.

The rest of the plants, all biomass, are the 25-megawatt Chinese Station, Rio Bravo Rocklin and Rio Bravo Fresno, both with 28 megawatts of capacity, the statement said.

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

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net


American Apparel's Future
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

Companies Mentioned

  • EXC
    (Exelon Corp)
    • $34.36 USD
    • 0.10
    • 0.29%
Market data is delayed at least 15 minutes.
 
blog comments powered by Disqus