Japan, Canada investors to buy U.S. power plant for $2 billion: Nikkei

Mon Jul 1, 2013 8:39pm EDT
 
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TOKYO (Reuters) - A consortium including Mitsubishi Corp (8058.T: Quote) and Japanese and Canadian pension funds will buy a U.S. gas-fired power plant in Michigan this month for nearly 200 billion yen ($2.01 billion), the Nikkei business daily reported on Tuesday.

Mitsubishi, Japan's Pension Fund Association, Mizuho Bank (8411.T: Quote), the Japan Bank for International Cooperation (JBIC), and Canadian pension fund Omers will acquire all shares in the parent firm of the 1.63-gigawatt power plant, the report said, without citing sources.

The current owners include a Swedish investment fund, said.

($1 = 99.7450 Japanese yen)

(Reporting by Osamu Tsukimori; Editing by Paul Tait)