JFE Holdings Inc. (5411)’s engineering unit won an order to set up a geothermal power generation system at a hot springs site in the northern prefecture of Fukushima.
The project is one of two geothermal stations whose debt is being guaranteed by the Japanese government as the country pushes for more clean energy use.
JFE Engineering signed an agreement with a unit of Ormat in 2010 to cooperate on geothermal projects in Japan.
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