Chubu Electric is in talks to acquire 98MW of hydro power plants from the state government of Mie Prefecture for JPY10.5bn or $135 million.
The talks with the Prefectural Government stared before the 11 March 2011 earthquake.
Chubu currently generates much of the power from its gas-fired power plants and the 3,617MW Hamaoka nuclear plant, which is expected to be closed until December 2012.
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