Sumitomo Corp. to Build 75-Megawatt Biomass Power Plant in Japan

Jul 13, 2014 10:43 pm ET

July 14 (Bloomberg) -- Sumitomo Corp., a Japanese trading company, will build a 75-megawatt biomass power station in Aichi prefecture in central Japan.

Construction will begin around August and the station will start running by March 2017, Sumitomo and its power generation and retail unit, Summit Energy Corp., said in a statement today.

The 20 billion yen ($197 million) project will be the second biomass power plant for Summit Energy, according to the statement. The two companies are considering another biomass plant in eastern Japan.

Biomass fuel will be procured through Sumitomo, which has expertise in handling wood chips and palm kernel shells, according to the statement.