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REGULATION | Cesar Tordesillas, Japan
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Chubu Electric gets $1.2B loan for alternative power sources

The Development Bank of Japan will extend a $1.24 billion loan to Chubu Electric Power to purchase alternative sources of power.

 

The company is seeking to purchase alternative sources of power like gas after the shutdown of the Hamaoka power station to meet the shortfall in power.

The company has taken public assistance to meet the cost of the shutdown.

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