Veolia Wins Contracts to Operate Biomass Power Plants

(Corrects spelling of company name and locations of plants

in story originally published on Nov. 4.)

(Bloomberg) — Veolia Environnement SA, a French water and

energy management company, won contracts to operate two biomass

power plants in northern Japan.

Takeei Corp. is developing the two plants, which will use

wood from neighboring forestry industries, Veolia said in a

statement Wednesday. The Hirakawa plant will start operations

this month and the Hanamaki facility is scheduled to start

running in December 2016.

The two contracts, signed for 20 years, represent a

cumulative revenue of 90 million euros ($98 million) for Veolia,

according to the statement.

Takeei, based in Tokyo, has said in statements the plants

will have 6 megawatts of capacity each.

To contact the reporter on this story:

Chisaki Watanabe in Tokyo at

cwatanabe5@bloomberg.net

To contact the editors responsible for this story:

Reed Landberg at

landberg@bloomberg.net

Iain Wilson

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