Kandenko Co. (1942), an engineering company partly owned by Tokyo Electric Power Co. (9501), will build two solar power stations in southwestern Japan.
The plants, to be built in Fukuoka prefecture, will have a combined capacity of about 19 megawatts, the company said in a statement today.
Construction of the plants will cost about 6.7 billion yen ($71 million) and they’ll start running by June 2016, according to the statement. Tepco has a 46 percent stake in the company.
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