Toshiba, Orix to Build Geothermal Power Plant, Nikkei Says

Toshiba Corp. (6502) and Orix Corp. (8591) will build a small geothermal station in Gifu prefecture, the Nikkei newspaper said today.

The companies will invest less than 2 billion yen ($20 million) for the plant, which will have as much as 2 megawatts of capacity, the paper reported, without saying where it got the information.

The plant is expected to start as early as 2015, the Nikkei said.

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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