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The Regional Contributions Program for Mozambique with the United Nations Development Programme (to Promote Agriculture Using Solar Power Generation)

Sep. 10, 2010


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As stated in the press release last year (dated November 25, 2009), Mitsui & Co., Ltd. (Headquarters: Chiyoda-ku, Tokyo; CEO: Masami Iijima) has reached an agreement to build irrigation pump facilities powered by solar power generation in Mozambique at its own expense in cooperation with the United Nations Development Programme (UNDP) as a collaborative initiative to attain the United Nations Millennium Development Goals (MDGs)*, and it has been exploring this in detail for officially launching its implementation. Mitsui & Co. recently signed the official agreement with the UNDP for the program on September 9.

This project is a regional social contribution project to provide infrastructure on a miniature scale that will lead to community independence and sustainability for the villages targeted for assistance (Chibuto African Millennium Village, Gaza Province, Mozambique). The UNDP and Mitsui & Co. have entered into a public-private partnership to implement the development assistance program with the goal of reducing poverty.

The total budget is projected at around two million dollars. Work on construction of a series of facilities will now begin concretely with the goal of operational start-up within a year.

Mitsui & Co. is also pursuing other projects involving the use of renewable energy. Our subsidiary Mitsui & Co. Plant Systems, Ltd. obtained an order in July for a solar power generation system for Jordan, the first project in the environmental program of the Japanese governmental program grant for environmental and climate change aimed at promoting the dissemination of solar power generation to developing nations. Mitsui & Co. would like to positively contribute to the future development of such countries and regions through its core business as well as social contribution activities.

Project Overview

Irrigation of approximately 60 hectares of a section of a pilot farm in Chibuto Village in Ghaza Province to enable the cultivation of corn, rice, vegetables, etc., for local household consumption and to generate cash.

Chibuto Village (African Millennium Village)

The Chibuto administrative district is a group of rural communities consisting of four villages with 3,200 households and a population of 13,000 people. The average income is less than one U.S. dollar per day, per person. The vast majority of the men work in South Africa or other locations outside of the country, and the women left behind handle most of the agriculture. The government of Mozambique focuses on providing guidance in education, sanitation, agriculture, water, and hygiene in cooperation with the UNDP, the U.N. Population Fund (UNFPA), UNESCO, and WHO. The plans for aid are linked to the development plans for the country and are overseen by the country's Ministry of Science and Technology.

Location

Approximately 200 km to the north of the capital, Maputo.

Specifications of Equipment to be Installed

Solar panel generation capacity: ca. 30 KW
Pumping volume of the irrigation pump: ca. 1,000 m3 per day

* MDGs is an abbreviation for Millennium Development Goals. In September 2009, 189 member countries (including 147 heads of state), adopted the Millennium Declaration at the United Nations Millennium Summit, consolidating the international development goals adopted at the summit and at key international conferences held in the 1990s. The MDGs create a common framework for various international commitments. The MDGs target the achievement of eight specific numerical goals by 2015, such as "halving the number in poverty worldwide."

Notice:
This press release includes forward-looking statements about Mitsui. These forward-looking statements are based on the current assumptions and beliefs of Mitsui in light of the information currently available to it, and involve known and unknown risks, uncertainties and other factors. Such risks, uncertainties and other factors may cause Mitsui's actual results, performance, achievements or financial position to be materially different from any future results, performance, achievements or financial position expressed or implied by these forward-looking statements. The risks, uncertainties and other factors referred to above include, but are not limited to, those contained in Mitsui's latest annual report on Form 20-F, which has been filed with the U.S. Securities and Exchange Commission.
This press release is published in order to publicly announce specific facts stated above, and does not constitute a solicitation of investments or any similar act inside or outside of Japan, regarding the shares, bonds or other securities issued by us.

Information

For inquiries on this matter, please contact

Mitsui & Co., Ltd.
Corporate Communications Division
Takatsugu Ohki
Telephone: +81-3-3285-7562
Facsimile: +81-3-3285-9819