By: greenbank On: March 01, 2016 In: Comments: 0

GFO committed to invest US$6 million in a solar power generation project planned by Koyo Electric Co., Ltd. Koyo Electric Co., Ltd. is contributing US$5.1 million, and JFE Electric Co., Ltd. is contributing US$1 million. US$19.8 million will be raised via syndicated loans, with regional financial institutions invited to participate. Using the above funds, JFE Electric Co., Ltd. will construct a solar power plant in collaboration with local operators. When work is complete, Koyo Electric Co., Ltd. and local companies will maintain and manage the power generation facilities.

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