Nippon Paper Industries Co. Is Considering A Project To Build A Large Power Plant In Ishinomaki, Miyagi Prefecture, Which Was Battered By The Tsunami Generated By The 2011 Great East Japan Earthquake.
The project, an example of Nippon Paper's drive to expand outside its mainstay paper products, represents the kind of investment Prime Minister Shinzo Abe endorsed this week as part of efforts to deregulate the electricity industry.
Nippon Paper, Japan's second-biggest paper producer, may eventually sell some of the power generated there to customers.