2016

Memorandum of Understanding between Marubeni and Enel for Joint Development of IPP Projects in Asia

May. 24. 2016
Marubeni Corporation

On May 23rd 2016, Marubeni Corporation (hereinafter “Marubeni”) signed a Memorandum of Understanding (“MOU”) with multinational power company Enel SpA (“Enel”), a leading integrated player in the world’s power and gas markets, to cooperate in evaluating power generation project opportunities in Asia.

 

This MOU is aimed at continuing discussion on joint efforts toward potential business opportunities in fast-growing power sectors in Asia and the Pacific region, especially in Indonesia, the Philippines, Thailand, Myanmar, Vietnam and Malaysia. Marubeni aims to work together with Enel to achieve the development of power projects and contribute to the further development of the region through a stable power supply.

 

Marubeni owns over 10GW in total power generation capacity in 22 countries including Japan, of which power assets in Asia make up 40% of this total power capacity and gas-fired power plants account for more than 60%.

 

Marubeni is committed to contributing to the development of infrastructure in Asia through its extensive experience and know-how.

 

<Description of Enel>

Name: Enel SpA
Location: Viale Regina Margherita, 137, 00198 Rome, Italy
Management: Patrizia Grieco (Chairman), Francesco Starace (CEO)
Date of Establishment: December 6th, 1962
Category of Business: Public Utilities (Power and Energy)

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