JFE Unit Wins Order for Geothermal Power Project in Fukushima

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.

A 400-kilowatt system made by Ormat Technologies Inc. (ORA) will be installed for Tsuchiyu Onsen Energy Co., JFE Engineering Corp. said in a statement today. Financial terms weren’t disclosed.

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.

To contact the reporter on this story: Chisaki Watanabe in Tokyo at cwatanabe5@bloomberg.net

To contact the editors responsible for this story: Reed Landberg at landberg@bloomberg.net Iain Wilson, Andrew Hobbs

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