Mitsubishi Heavy to sell 2 geothermal power plants in Iceland.

From: Kyodo News International (Tokyo, Japan) | Date: May 31, 2006 | Copyright information

May 31--TOKYO -- Mitsubishi Heavy Industries Ltd., Mitsubishi Corp. (UK) Plc and German partner Balcke-Duerr GmbH have been awarded a turnkey contract to build two 40-megawatt geothermal power plants for Reykjavik Energy, an electric utility owned by Iceland's capital city, Mitsubishi Heavy said Wednesday.

The order is estimated as being worth 5 billion yen, according to an industry source familiar with the deal.

Mitsubishi Heavy, which has sold such units in 12 countries besides Japan in the past, hopes the deal will serve as a springboard to bolster the sales of its ...

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