Veolia Wins Contracts to Operate Biomass Power Plants

Veolia Environnement SA, a French water and energy management company, won contracts to operate two biomass power plants in northern Japan.

Takeei Corp. is developing the two plants, which will use wood from neighboring forestry industries, Veolia said in a statement Wednesday. The Hirakawa plant will start operations this month and the Hanamaki facility is scheduled to start running in December 2016.

The two contracts, signed for 20 years, represent a cumulative revenue of 90 million euros ($98 million) for Veolia, according to the statement.

Takeei, based in Tokyo, has said in statements the plants will have 6 megawatts of capacity each.

(Corrects spelling of company name and locations of plants in story originally published on Nov. 4.)
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