FORM 6-K

 

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Report of Foreign Private Issuer

Additional investment in IPM Eagle LLP

Pursuant to Rule 13a-16 or 15d-16

of the Securities Exchange Act of 1934

For the month of January 21, 2011

Commission File Number 09929

 

 

Mitsui & Co., Ltd.

(Translation of registrant’s name into English)

 

 

2-1, Ohtemachi 1-chome

Chiyoda-ku, Tokyo 100-0004

Japan

(Address of principal executive offices)

 

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

Form 20-F       X             Form 40-F               

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):             

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):             

 

 

 


Signatures

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  MITSUI & CO., LTD.
Date: January 21, 2011    
  By:  

/ S /    J UNICHI M ATSUMOTO        

  Name:   Junichi Matsumoto
  Title:   Executive Vice President Chief Financial Officer


January 21, 2011

For Immediate Release

To Whom It May Concern

Mitsui & Co., Ltd.

Additional investment in IPM Eagle LLP

Mitsui & Co., Ltd. (“Mitsui”) and International Power plc (“IPR”), a major power generation company in the United Kingdom, have agreed to participate in an additional investment of US$315 million in IPM Eagle LLP (“IPM Eagle”, head office: UK) and IPM Eagle resolved its increase in capital at its board meeting on January 20 (local time in the UK).

Mitsui’s additional investment through its subsidiary is US$95 million (JPY7.7 billion), with total investment amount of US$315 million (JPY30.6 billion). IPM Eagle will allocate this increased capital to repay the non-recourse loan procured for the acquisition of power generating assets from Edison Mission Energy (USA) in December 2004.

Mitsui continues to support the management of each power plant under IPM Eagle.

IPM Eagle assets list (as of January, 2011)

 

Name

   Country      Type      Capacity      Mitsui Share     Mitsui share
capacity
 

Derwent

     UK         CCGT         214 MW         9.9     21 MW   

ISAB

     Italy         IGCC         528 MW         14.7     78 MW   

ISAB Energy Solare

     Italy         PV         1 MW         14.7     0.15 MW   

Spanish Hydro

     Spain         Hydro         84 MW         28.8     24 MW   

Desarrollos Espana

     Spain         PV         1.5 MW         30.0     0.4 MW   

Paiton*

     Indonesia         Coal fired         1,230 MW         13.4     165 MW   

Kwinana

     Australia         CCGT         118 MW         21.0     25 MW   

Loy Yang B

     Australia         Coal fired         1,026 MW         30.0     308 MW   

EcoElectrica

     Puerto Rico         CCGT         524 MW         15.0     79 MW   

Paiton 3*

     Indonesia         Coal fired         815 MW         13.4     109 MW   

Total

           4,541 MW           809 MW   

 

* Mitsui has another 36.3% equity interests in Paiton and Paiton 3 through other entities.

For further information, please contact:

 

Mitsui & Co., Ltd.   
Investor Relations Division    Corporate Communications Division
Telephone: +81-3-3285-7910    Telephone: +81-3-3285-7596

Notice: This press release includes forward-looking statements about Mitsui. These forward-looking statements are based on the current assumptions and beliefs of Mitsui in light of the information currently available to it, and involve known and unknown risks, uncertainties and other factors. Such risks, uncertainties and other factors may cause Mitsui’s actual results, performance, achievements or financial position to be materially different from any future results, performance, achievements or financial position expressed or implied by these forward-looking statements. The risks, uncertainties and other factors referred to above include, but are not limited to, those contained in Mitsui’s latest annual report on Form 20-F, which has been filed with the U.S. Securities and Exchange Commission. This press release is published in order to publicly announce specific facts stated above, and does not constitute a solicitation of investments or any similar act inside or outside of Japan, regarding the shares, bonds or other securities issued by us.

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