Paiton Energy jettisoned in trading house's decarbonization push
TOKYO — Mitsui & Co. will sell off its entire interest in an operator of Indonesian coal-fired power plants, the Japanese trading house said Tuesday, part of efforts to shrink the carbon footprint in the company’s portfolio.
Mitsui agreed to sell its 45.5% stake in Paiton Energy to RH International (Singapore), a subsidiary of Thai power producer Ratch Group. The deal includes a transfer of shares in two other affiliated businesses.
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