Japan’s Obayashi buys into Eastland Generation
Capital raised from sale of 50% stake will be invested in new generation assets.
Eastland Generation part owns the Te Ahi O Maui geothermal plant near Kawerau.
Trust-owned infrastructure company Eastland Group has sold a half share of its electricity generation business to Japanese construction conglomerate Obayashi Corporation.
Capital raised from the transaction will help fund construction of new generation assets, including the TOPP2 geothermal
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