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

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(Globalpost/GlobalPost)

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)

http://www.globalpost.com/dispatch/news/thomson-reuters/130701/japan-canada-investors-buy-us-power-plant-2-billion-nikkei