Global Strategic Investment Alliance Announces Its First Investm

Global Strategic Investment Alliance Announces Its First Investment 
Acquisition of stake in one of the largest natural gas fired combined cycle and
cogeneration plants in United States 
Tokyo, July 2, 2013 - (JCN Newswire) -  Through its participation in the Global
Strategic Investment Alliance ("GSIA"), Mitsubishi Corporation
entered into a binding agreement to make GSIA's first investment in
Midland Cogeneration Venture ("MCV"). 
The GSIA is currently an alliance between OMERS (one of Canada's largest
pension plans), Pension Fund Association, Mitsubishi Corporation, Japan Bank
for International Cooperation, and Mizuho Bank*. The GSIA announced its first
close at US$7.5billion USD in April 2012. Its goal is for like-minded,
long-term global investors to work together in pursuit of attractive,
large-scale assets including airports, railways, ports, power generation &
distribution, and gas pipelines mainly in North America and Europe. Borealis
Infrastructure, which invests in and manages infrastructure assets on behalf of
OMERS, will originate and manage all GSIA assets including the GSIA's
investment in MCV. 
MCV is the largest natural gas fired, combined cycle cogeneration plant in the
United States, which is capable of producing up to 1,633 MW of electricity. MCV
has been one of the core and essential infrastructure assets in Michigan,
providing electricity to Consumers Energy and steam/electricity to Dow Chemical
based on long term contracts. The acquisition of a stake in MCV is consistent
with the GSIA investment strategy to deliver long term and stable return to
pension plans and institutional investors. This transaction is subject to third
party approvals. 
Through its participation in the GSIA, Mitsubishi Corporation will continue to
provide world-class attractive investment opportunities in infrastructure that
Japanese institutional investors and pension plans have growing demand for in
the portfolio. 
* 2.5 billion USD commitments made by four Japanese investors (Pension Fund
Association, Mitsubishi Corporation, Japan Bank for International Cooperation,
and Mizuho Bank) are managed by wholly owned Mitsubishi Corporation
subsidiaries Double Bridge Infrastructure Inc. and DBI Management Inc. 
About MCV 
Name: Midland Cogeneration Venture Limited Partnership
Location: Midland Michigan, United States (100E Progress Place Midland,
MI48640)
Capacity: 1,633 MW
Features: The largest natural gas fired, combined cycle cogeneration plant in
the US; Providing electricity to Consumers Energy and steam/electricity to Dow
Chemical Company based on long term contracts until 2025; Commenced commercial
operation in 1990 
(1) About the Global Strategic Investment Alliance (GSIA) 
The Global Strategic Investment Alliance (GSIA), is comprised of like-minded
investors with the goal of pursuing attractive, large-scale infrastructure
assets. The current members are a consortium led by Mitsubishi Corporation,
Pension Fund Association of Japan, and Canada's OMERS pension plan, with a
total committed capital to date of 7.5 billion USD. 
(2) Company Profile of OMERS 
- Name: OMERS Administration Corporation (OMERS)
- Representative: Michael Nobrega, President and CEO
- Location: One University Avenue Suite 400 Toronto ON M5J 2P1 Canada
- Date of Establishment: 1962
- Members: 429,000 members (Police officers, firemen, emergency service
staff, non-teaching school staff, etc.)
- Net Investment Asset Amount: 61.5 billion USD(consolidated as of the end of
December 2012)
- Characteristics: Ranked within the world's top three pensions in the
scale of its investment in infrastructure assets amounting to 11.6 billion USD
(About 15% of its
net investment assets as of December 31, 2012). 
(3) Company Profile of Mitsubishi Corporation 
- Name: Mitsubishi Corporation
- Representative: Ken Kobayashi, President and CEO
- Location: 3-1, Marunouchi 2 Chome, Chiyoda-ku, Tokyo, 100-8086 Japan
- Date of Establishment: 1950
- Member of employees: 65,289 (consolidated, as of September 30, 2012)
- Business: Mitsubishi Corporation (MC) has seven business groups which
develop operation in the diverse field of Industrial Finance, Logistics &
Development;
Energy; Metals; Machinery; Chemicals; Living Essentials; and Global
Environment & Infrastructure. In addition to these business groups, MC has
a business service group.
- Capital: 204 billion JPY (as of March 31, 2013) 
(4) Company Profile of Pension Fund Association 
- Name: Pension Fund Association
- Representative: Kiyoshi Murase, President and CEO
- Location: 10-11 Floors, B Building, Shiba Park Building, 4-1, 2-chome,
Shibakoen, Minato-ku, Tokyo, 105-0011
- Date of Establishment: 1967
- Operating Asset Amount: 10.745 trillion JPY (as of March 31, 2013) 
(5) Company Profile of Japan Bank for International Cooperation 
- Name: Japan Bank for International Cooperation (JBIC)
- Representative: Hiroshi Okuda, Governor
- Office: 4-1 Ohtemachi 1-chome, Chiyoda-ku, Tokyo 100-8144, Japan
- Date of Establishment: April 1, 2012
- Capital: 1,360 billion JPY (as of March 28, 2013) 
(6) Company Profile of Mizuho Bank
- Name: Mizuho Bank, Ltd.
- Representative: Yasuhiro Sato, President & CEO (representative
director)
- Location of Head Office: 3-3, Marunouchi 1-chome, Chiyoda-ku, Tokyo
100-8210, Japan
- Date of Establishment: April 1, 2002
- Capital: 1,404 billion JPY 
Contact: 
Mitsubishi Corporation
Telephone: +81-3-3210-2171 / Facsimile: +81-3-5252-7705 
Copyright 2013 JCN Newswire. All rights reserved. www.japancorp.net 
Provider ID: 00026989
 
 
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