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Marubeni begins $1.2bn gas power project in Taiwan

Shift from coal and nuclear opens opportunities for Japan contingent

A Marubeni gas power plant in Thailand. The Japanese company plans similar facilities in Taiwan.

TOKYO -- Japanese trading house Marubeni has broken ground on a 130 billion yen ($1.17 billion) gas power project in Taiwan with U.S. partner General Electric, riding the island's move away from coal and nuclear energy.

The partners won the order from state-owned Taiwan Power Co. in mid-February. Two 1-gigawatt combined-cycle gas power plants -- among the largest in the world -- will go online by 2022 in a coastal area of Taoyuan, about 40 kilometers from Taipei.

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