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JAPAN'S EBARA CORP SET TO ENTER WHOLESALE POWER MARKET.
TOKYO, June 1 Asia Pulse - Japan's Ebara Corp. (TSE: 6361) is to form a company to wholesale electric power.
The enterprise will be capitalized at Y490 million ($US4.12 million) yen, with Ebara taking a 65% stake.
Contributing the rest will be a Nippon Telegraph and Telephone Corp. (9432) group firm and Ennet Corp., a power retailer set up by the Tokyo Gas Co. (9531) and the Osaka Gas Co. (9532).
The venture will employ three high-performance 25,000kw gas ...
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Source: HighBeam Research, JAPAN'S EBARA CORP SET TO ENTER WHOLESALE POWER MARKET.