Hitachi Consortium Signed Water Purchase Agreement for Seawater

Hitachi Consortium Signed Water Purchase Agreement for Seawater Desalination
Project in Dahej, Gujarat, India 
Tokyo, Jan 11, 2013 - (JCN Newswire) - Hitachi, Ltd. (TSE: 6501,
"Hitachi") today announced that a consortium comprising Hitachi and
Hyflux Ltd. (the "Consortium") signed Water Purchase Agreement
("WPA") concerning water supply volume, price and other details with
Dahej SEZ Ltd. ("DSL"), the management company of the Dahej Special
Economic Zone ("Dahej SEZ") in Gujarat, the Republic of India
("India"), in relation to a seawater desalination project (the
"Project") in Dahej SEZ. Going forward, the Consortium intends to
obtain environmental assessment approval and meet other requirements to
successfully implement the Project. 
The Project will see the Consortium construct a seawater desalination plant in
an industrial park within Dahej SEZ in Gujarat and provide a stable supply of
industrial water over a period of 30 years (including the construction period).
The Project is one of the Delhi-Mumbai Industrial Corridor Projects being
promoted jointly by the Japanese and Indian governments, involving the
construction of industrial parks between Delhi and Mumbai (approximately 1,500
km) utilizing private sector capital. 
This Project has been reviewed for its commercialization feasibility under the
"Feasibility study of smart community business in global markets" and
is supported by the Japanese Ministry of Economy, Trade and Industry. This
feasibility study was conducted following a joint statement issued at the
Japan-India Annual Bilateral Summit held in December 2009, in which Japan
pledged to contribute to the construction of a model of energy saving and low
carbon smart community. The Consortium has advanced discussions with DSL since
signing Co-Developer Agreement with DSL in March 2012. 
The Consortium has signed the WPA, agreement with DSL for the supply of
industrial water to industrial parks within Dahej SEZ in Gujarat. This
agreement includes the water supply volume (336,000 m3/day), the water supply
period (30 years, including construction period), the water supply price and
purchasing conditions for DSL. The Consortium will conduct discussions toward
the final agreement with DSL planned for around fall 2013, after obtaining
environmental assessment approval and achieving the financial close. 
Mr. Hiroaki Nakanishi, the President of Hitachi, Ltd. said "I am
extremely pleased that the Consortium has signed the WPA with DSL regarding the
seawater desalination project. Hitachi will work closely with Hyflux to
successfully implement the Project, in order to facilitate the use of water
resources in Dahej SEZ in Gujarat." 
About Hitachi in India 
Hitachi started its business in India in the 1930's. Currently, Hitachi
has 30 business bases and approximately 6,800 employees in India. In addition
to being a leader in the air-conditioning systems and construction machinery,
the Hitachi Group in India is expanding on its 'Social Innovation
Business', such as information & telecommunication systems, power
systems, industrial, transportation and urban development systems. Together
with further localization, Hitachi aims to contribute to a sustainable society
in India as well as the country's economic growth. For more information
about the Hitachi Group in India, please visit the website at 
About Hitachi 
Hitachi, Ltd. (TSE: 6501), headquartered in Tokyo, Japan, is a leading global
electronics company with approximately 320,000 employees worldwide. Fiscal 2011
(ended March 31, 2012) consolidated revenues totaled 9,665 billion yen ($117.8
billion). Hitachi will focus more than ever on the Social Innovation Business,
which includes information and telecommunication systems, power systems,
environmental, industrial and transportation systems, and social and urban
systems, as well as the sophisticated materials and key devices that support
them. For more information on Hitachi, please visit the company's website
Hitachi Ltd
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