Toyota Tsusho, Chubu Electric Take Over Goreway Power Project

Toyota Tsusho Corp. (8015), a trading unit of the Japanese automaker, and Japan’s Chubu Electric Power Co. acquired the Goreway power project in Canada from Sithe Global Power LLC, raising their stakes to 50 percent each, they said in a release on Toyota Tsusho’s website. Financial terms weren’t disclosed.

To contact the reporter on this story: Go Onomitsu in Tokyo at gonomitsu@bloomberg.net

To contact the editor responsible for this story: Steven McPherson at smcpherson@bloomberg.net

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