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 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, 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)