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Mitsubishi teams with Turkish conglomerate in energy biz

TOKYO -- Mitsubishi Corp. has invested more than 10 billion yen ($79.9 million) in an energy subsidiary of major Turkish conglomerate Calik Holding in a move to ramp up energy business in Central Asia and the Middle East.

     The Japanese trading house plans to construct power-generating stations as well as natural gas and oil plants with Calik Enerji, vying for orders against Russian and Chinese rivals that already have a presence in the energy-rich regions.

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