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MoU between Marubeni & Enel for Joint Development of IPP Projects in Asia

Source: www.gulfoilandgas.com 5/23/2016, Location: Asia

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.

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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

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