Mitsui and EDF EN Mexico Announce Participation in Wind Power Generation Project in Mexico

  Mitsui and EDF EN Mexico Announce Participation in Wind Power Generation
  Project in Mexico

Business Wire

TOKYO & MEXICO CITY -- January 9, 2013

Mitsui & Co., Ltd. (Mitsui) has agreed with EDF EN Mexico S. de R.L. de C.V.
(EDF EN Mexico), a subsidiary of EDF Energies Nouvelles, S.A. (EDF EN), to
participate in the 164 MW Bii Stinu Wind Project, located in Oaxaca, Mexico.
Mitsui, through MIT Renewables Mexico, S.A.P.I. de C.V. (MITRE Mexico), its
newly established subsidiary, will acquire 50% ownership in the common stock
of Eoliatec del Istmo, S.A.P.I. de C.V., who owns the Bii Stinu Wind Project.
The total project cost amounts to approximately MXN5.1 billion (approximately
JPY35 billion).

Bii Stinu Wind Project in Oaxaca Mexico (Photo: Business Wire)

Bii Stinu Wind Project in Oaxaca Mexico (Photo: Business Wire)

EDF EN Mexico completed the development activities for Bii Stinu, and closed
on the financing arrangements. The project, now in an advanced stage of
construction, is scheduled to start commercial operation in June 2013. Power
generated from the project will be delivered to various entities of five major
private-sector corporations, based on power purchase agreements for 15 years.

EDF EN Group’s portfolio of renewable energy assets includes 4,200 MW*
throughout 16 countries in Europe and North America. Its operation and
maintenance services subsidiary extends its activities to more than 7,600 MW
of renewable power assets globally. EDF EN Mexico currently owns a 67.5 MW
wind farm in operation and a total of 460 MW under construction and
development in Oaxaca.

Mitsui is the No. 2 IPP (Independent Power Producer) in Mexico, participating
in 2,922 MW of gross generation capacity, including this project and six other
gas-fired power plants in the country. With the participation in this project,
Mitsui now holds approximately 5,916 MW worldwide, on an installed net
generating capacity basis, including projects under construction, out of which
439 MW comes from renewable energy, accounting for approximately 7% of the
above generating capacity.

In addition to power generation, Mitsui has presence in the operation of
gas-pipeline project, effluent treatment service for PEMEX, sewage treatment
service for the municipality, local gas distribution business, and LNG
receiving terminal business. Through such various business activities, Mitsui
has been accumulating its local expertise and expanding its infrastructure
business in Mexico. Together with its knowledge about renewable energies
carried out globally, Mitsui aims to hold a diversified power generation
portfolio with a balanced fuel-mix, and to reduce carbon exposure with
utilization of clean energy.

Bii Stinu Wind Power Project Overview:

                       
1) Project Company           Eoliatec del Istmo, S.A.P.I. de C.V.
2) Ownership                 EDF EN Mexico 50%
                             MITRE Mexico 50%
3) Location                  Oaxaca, Mexico
4) Capacity                  164 MW (Gamesa Wind Turbine 2 MW x 82)
5) Project Cost              MXN5.1 billion (approximately JPY35 billion)
6) Commercial                June, 2013 (Scheduled)
Operation
                             Arcelor Mittal Steel Lazaro Cardenas (subsidiary
                             of world's leading integrated mining and steel
                             company), Walmart Mexico (subsidiary of world`s
                             leading retailer), Grupo Modelo (in the process
7) Off-takers                of being fully acquired by the world`s leading
                             brewer, AB InBev), Grupo Herdez (leader of
                             Mexican food processing industry), Continental
                             Automotive Guadalajara (subsidiary of leading
                             automotive parts manufacturer)
                             

*Installed capacity as of 30 June 2012

ABOUT EDF ENERGIES NOUVELLES

Operating in Europe and North America, EDF Energies Nouvelles is a market
leader in green electricity production, with a portfolio of 4,200 MW of gross
installed capacity. With a development focused on wind and solar photovoltaic
energy, the Company recently entered new promising markets: Israel, Morocco,
South Africa and Poland, and is expanding its business in offshore wind
energy. The Company is also present in other segments of the renewable energy
market: marine energy, biogas, biomass and small hydro as well as in
distributed energies. EDF EN manages renewable energy projects’ development,
financing, construction as well as operation and maintenance for its own
accord and for third parties. EDF Energies Nouvelles is a subsidiary of the
EDF Group and its renewable energy arm.

For more information, please visit: www.edf-energies-nouvelles.com.

ABOUT MITSUI

Mitsui is one of the most diversified and comprehensive trading, investment
and service enterprises in the world, with 152 offices in 67 countries as of
December 2012. Utilizing global operating locations, network and information
resources, Mitsui is multilaterally pursuing business that ranges from product
sales, worldwide logistics and financing to the development of major
international infrastructure and other projects in the following fields: iron
and steel products, mineral and metal resources, infrastructure projects,
motor vehicles, marine and aerospace, chemicals, energy, food resources, food
products and services, consumer services, IT, finance and new business, and
transportation logistics. Mitsui is actively taking on challenges for global
business innovation around the world. http://www.mitsui.com/jp/en/index.html

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Contact:

EDF EN Mexico
Sandi Briner, 858-521-3525
Sandi.Briner@edf-re.com
or
Mitsui & Co., Ltd.
Toshie Kyo, +81-3-3285-7596