Japan Asia Group Unit to Build 13MW Solar Station Near Tokyo

JAG Energy Co., a unit of Japan Asia Group Ltd. (3751), will build a 13 megawatt solar power station in Kanagawa prefecture, south of Tokyo.

Construction will start in February and be completed in March 2015, Tokyo-based Japan Asia Group said in a statement today. No financial terms were disclosed.

Toshiba Corp. (6502) will supply solar panels and electricity generated at the plant will be sold to Tokyo Electric Power Co. (9501), according to 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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