A consortium including Mitsubishi Corp. 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 , 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.