mitsui & co ltd (8031) Snapshot

GDF SUEZ Canada Inc., Mitsui & Co. Ltd. and Fiera Axium Infrastructure announced that the 10 MW Brockville Solar project in the Township of Elizabethtown-Kitley, Leeds County, Ontario has entered commercial operation under a 20-year power purchase agreement with the Ontario Power Authority. The $50 million project, developed under Ontario's Feed-in Tariff (FIT) Program, consists of 42,000 panels on approximately 80 acres of land, and has the capacity to generate clean, renewable energy for approximately 1,700 homes in Ontario. GDF SUEZ Canada and partners Mitsui & Co. Ltd. and Fiera Axium Infrastructure currently operate 362 MW of wind-powered generation facilities in the Canadian Maritimes and Ontario, and have another 300 MW of wind generation projects under construction in Ontario and British Columbia.

UMW Holdings Bhd (KLSE:UMW) is planning to buy Coates Hire Limited. The deal is managed by Goldman Sachs JBWere and which is expected to fetch more than $3 billion. Malaysian industrial reportedly having joined Mitsui & Co. Ltd. (TSE:8031) and Apollo Global Management, LLC (NYSE:APO) among potential bidders, Wesfarmers Limited (ASX:WES) shareholders are expected to seek assurance UMW will not Engage in a bidding war.

Mitsui & Co. Ltd. announced that Mitsui, through its newly established 100% subsidiary in the U.S.A., entered into a natural gas liquefaction tolling agreement and a joint venture agreement with Sempra Energy on May 16, 2013. Sempra is planning an LNG export project at Cameron in Louisiana, U.S.A. A 100% subsidiary of Sempra, Cameron LNG LLC currently owns and operates the Cameron LNG receiving terminal and plans to develop liquefaction facilities with the export capability of 12 million tonnes per annum (MTPA)(4 MTPAx3 trains). The total development cost is expected to be in the range of $9-10 billion. First LNG production is targeted in the latter half of 2017, after receiving related approvals including export license for Non-FTA countries by Department of Energy (DOE). Based on the natural gas tolling liquefaction agreement, Mitsui will secure 4 MTPA of tolling capacity for 20 years. Both the natural gas tolling liquefaction agreement and the joint venture agreement will become effective subject to issuance of export license for Non-FTA countries by DOE, construction permit by FERC and satisfaction of other condition precedents.