JGC to Build Second Solar Power Plant in Japan for $102 Million

JGC Corp. (1963), a Japanese constructor of industrial facilities, said it will build a 31 megawatt solar power station in Chiba prefecture, near Tokyo, its second such project in the country.

Construction for the 10 billion yen ($102 million) plant will start in March and operations will start in January 2015, the Yokohama, Kanagawa prefecture-based company said in a statement yesterday.

JGC will undertake engineering, procurement, and construction work for the plant and manage it for 20 years, it said. The company signed an agreement for project financing on Sept. 27 with Sumitomo Mitsui Banking Corp., Chiba Bank Ltd. (8331) and Joyo Bank Ltd., it said in the statement.

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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