Mizuho Leads Japanese Group to Build Solar-Power Plant in India
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Mizuho Financial Group Inc. will lead a group of Japanese companies to build a solar plant in Gujarat as India targets an eightfold expansion in sun-powered capacity.
The facility will be able to generate as much as 200 megawatts and may cost as much as 30 billion yen ($325 million), Masako Shiono, a company spokeswoman, said today by telephone. Mizuho’s corporate lending unit signed a memorandum of understanding with Gujarat’s government in January, she said.