Mitsubishi May Build Solar Plant in Japan With Chubu Electric

Mitsubishi Corp. (8058), Japan’s largest trading house by market value, may build a solar power station with Chubu Electric Power Co. (9502) in central Japan.

Mitsubishi and C-Tech Corp., a clean energy and telecommunications unit of Chubu Electric, are considering building a solar plant in Aichi prefecture, Takashi Shiwaku, a Mitsubishi spokesman said by phone today. Aichi is home to Toyota Motor Corp.’s head office in Toyota city.

The Nikkei newspaper reported Jan. 12 the companies will build a 77 megawatt station in Aichi at a total cost of more than 20 billion yen ($223 million). The paper did not say where it got the information. Shiwaku said the capacity and the location of the plant haven’t been decided.

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

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