Japan:

Toshiba, Orix to Form Geothermal JV (The Japan Times)

Toshiba Corp. and Orix Corp., a financing and leasing company, said Tuesday they will set up a joint venture for geothermal power generation.

The venture, to be owned 55 percent by Toshiba and the remainder by Orix, plans to enter the power generation business in 2015 in the hot spring village of Okuhida in Gifu Prefecture.

The 300-sq.-meter site will generate up to 2,000 kw, using Toshiba’s small power generation system.

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