Feb. 20 (Bloomberg) -- JFE Holdings Inc.’s engineering unit won an order to design and construct a geothermal plant in southwestern Japan.
JFE Engineering Corp. will install a 1,500 kilowatt binary turbine made by Ormat Technologies Inc. of the U.S. for a project by Medipolis Energy Ltd. in Kagoshima prefecture, JFE Engineering said in a statement today. Medipolis Energy is a venture led by Shin Nippon Biomedical Laboratories Ltd., based in Kagoshima.
The plant, estimated to cost about 1.2 billion yen ($13 million), will start running in September 2014, Tomoaki Honda, president of Medipolis Energy, said by phone today.
Geothermal plants draw heat from below the earth’s surface to produce energy.
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