SG-based Equis sells two biomass projects in Japan to Tokyo Gas

Singapore-based Equis Pte Ltd announced that it has sold two biomass projects in Japan to natural gas provider Tokyo Gas Co Ltd.

The company said it has executed binding documentation for the sale of the 51.5 MW Fushiki Manyofuto Biomass Power Plant in Toyama and the 75 MW Ichihara Yawatafuto Biomass Power Plant in Chiba to Prominet Power Co Ltd, a wholly-owned subsidiary of Tokyo Gas.

“The transaction is expected to close in September 2020,” Equis said in a statement on Wednesday.