Chubu scores $1.3 billion loan for LNG

The Japan Bank for International Cooperation has promised to lend Chubu Electric Power 100 billion yen ($1.3 billion) to help finance LNG purchases.

The loan aims to get Chubu back on its feet after it had to close its Hamaoka nuclear plant following the Fukushima disaster, according to Reuters.

Japan’s third largest utility already secured a 100 billion yen loan from the Development Bank of Japan earlier this year.