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Construction Contract for Combined Cycle Power Plant in Bangladesh for Bangladesh Power Development Board

Marubeni Corporation (“Marubeni”) is to construct the 400MW Bibiyana-III Gas Based Combined Cycle Power Plant, for which the Japan Bank for International Cooperation signed a loan agreement in buyer’s credit (export loan) on February 29, 2016, with the Bangladesh Power Development Board (“BPDB”), a national power development entity in Bangladesh.

The Bank of Tokyo-Mitsubishi UFJ, Ltd. (“BTMU”) is a co-financer and the total loan amount is approximately JPY 30.8 billion. Nippon Export and Investment Insurance will provide insurance for the portion co-financed by BTMU.

The construction contract was originally received by Marubeni and Korea’s Hyundai Engineering & Construction in December 2012 but later changed to a contract between Marubeni and BPDB. Mitsubishi Hitachi Power Systems will provide the gas turbine and generator (Mitsubishi Electric will provide the generator), and Fuji Electric will provide the steam turbine and generator. The combined cycle power plant is expected to be completed in the latter half of 2018.

Marubeni also has two other contracts for combined cycle power plants of equivalent scale in Bangladesh. Combined cycle power plants utilize highly efficient and clean power generation technology, i.e. the steam turbine generates power with the steam made by the heat recovery steam generator to utilize the exhaust hot gas after the operation of the gas turbine, thereby contributing to effective energy usage and the reduction of greenhouse gases.

In Bangladesh, with the chronic gap in demand and supply of power and the recent economic growth, many new power plant development projects are floated. To assist the growth of Bangladesh, it is intended that the Japanese government will provide up to JPY 600 billion of economic cooperation in four to five years from 2014. Marubeni is committed to investing every possible effort for the successful completion of this project, further expanding the future businesses in the power sector in Bangladesh and also contributing to the future projects to be assisted by the Japanese government.

=Summary of Bangladesh Power Development Board=

Location : Dhaka, Bangladesh

Established : May, 1972

Responsible for : Generation and Distribution of Electricity

Chana Combined Cycle Power Plant Block 2 (782 MW) opening ceremony held in Thailand

On November 9, an opening ceremony for the Chana Combined Cycle Power Plant Block 2 (782 MW) was held in Thailand in the presence of H.R.H. Princess Maha Chakri Sirindhorn and others related to the royal family.

The ceremony was attended by approximately 3,700 people. From Marubeni were Power Projects Div. COO, Mr. Miyata, Marubeni Thailand President, Mr. Tanabe, and others; and from Thailand were Thai Ministry of Energy Permanent Secretary, Mr. Areepong Bhoocha-oom, Electricity Generating Authority of Thailand ("EGAT") Governor, Mr. Soonchai Kumnoonsate, EGAT Deputy Governor (Power Plant Development), Mr. Ratanachai Namwong, Songkhla Governor, Mr. Songpol Sawasditham, as well as members of the Songkhla military and police force, local residents, and others.

The Chana Combined Cycle Power Plant Block 2 (782 MW), a joint project between Marubeni in partnership with Siemens AG, Germany and Siemens Limited, Thailand ("Siemens Group"), and EGAT, was completed in November 2014. Siemens Group supplied the main equipment such as gas turbines, steam turbines and generators, while Marubeni handled the heat recovery steam generators, balance of plant equipment and civil/erection works. Under this formation, the project was completed in succession to Block 1 which was completed in December 2008.

At the after-party, the Marubeni participants had the opportunity to dine alongside H.R.H. Princess Maha Chakri Sirindhorn and others related to the royal family.