Main

Additional investment in IPM Eagle LLP

Jan. 21, 2011


Main Contents

Mitsui & Co., Ltd. ("Mitsui") and International Power plc ("IPR"), a major power generation company in the United Kingdom, have agreed to participate in an additional investment of US$315 million in IPM Eagle LLP ("IPM Eagle", head office: UK) and IPM Eagle resolved its increase in capital at its board meeting on January 20 (local time in the UK).

Mitsui's additional investment through its subsidiary is US$95 million (JPY7.7 billion), with total investment amount of US$315 million (JPY30.6 billion). IPM Eagle will allocate this increased capital to repay the non-recourse loan procured for the acquisition of power generating assets from Edison Mission Energy (USA) in December 2004.

Mitsui continues to support the management of each power plant under IPM Eagle.

IPM Eagle assets list (as of January, 2011)

Please scroll horizontally to look at table below.

Name Country Type Capacity Mitsui Share Mitsui share capacity
Derwent UK CCGT 214MW 9.9% 21MW
ISAB Italy IGCC 528MW 14.7% 78MW
ISAB Energy Solare Italy PV 1MW 14.7% 0.15MW
Spanish Hydro Spain Hydro 84MW 28.8% 24MW
Desarrollos Espana Spain PV 1.5MW 30.0% 0.4MW
Paiton* Indonesia Coal fired 1,230MW 13.4% 165MW
Kwinana Australia CCGT 118MW 21.0% 25MW
Loy Yang B Australia Coal fired 1,026MW 30.0% 308MW
EcoElectrica Puerto Rico CCGT 524MW 15.0% 79MW
Paiton 3* Indonesia Coal fired 815MW 13.4% 109MW
Total     4,541MW   809MW

* Mitsui has another 36.3% equity interests in Paiton and Paiton 3 through other entities.

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.
Investor Relations Division
Telephone: +81-3-3285-7910
Facsimile: +81-3-3285-9819
infoTKADZ@mitsui.com
Mitsui & Co., Ltd.
Corporate Communications Division
Mikako Sachigai
Telephone: +81-3-3285-7596
Facsimile: +81-3-3285-9819