Deals
Japan’s IHI Buys Stakes in California Power Plants From Exelon
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IHI Corp. a Japanese maker of heavy machinery, acquired as much as 50 percent stakes in five power plants in California from Exelon Corp.
IHI bought shares in three biomass power plants and two coal-fired stations, which the company plans to convert to biomass, IHI said in a statement today without disclosing any financial details.