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Mitsui and EDF EN Mexico to Partner in Wind Power Generation Project in Mexico
 

Tokyo, Jan 9, 2013 (JCN) - Mitsui & Co. and EDF EN Mexico S. de R.L. de C.V. (EDF EN Mexico), a subsidiary of EDF Energies Nouvelles, S.A.(EDF EN), have agreed to a partnership in the 164 MW Bii Stinu Wind Project, located in Oaxaca, Mexico.

Mitsui, through MIT Renewables Mexico, S.A.P.I. de C.V. (MITRE Mexico), its newly established subsidiary, will acquire a 50% ownership from EDF EN Mexico in the common stock of Eoliatec del Istmo, S.A.P.I. de C.V., who owns the Bii Stinu Wind Project.

The total project cost amounts to approximately MXN5.1 billion (approximately JPY35 billion).

The project, now in an advanced stage of construction, is scheduled to start commercial operation in June 2013. Power generated from the project will be delivered to various entities of five major private-sector corporations, based on power purchase agreements for 15 years.

EDF EN Group's portfolio of renewable energy assets include 4,200 MW throughout 16 countries in Europe and North America. EDF EN Mexico currently owns a 67.5 MW wind farm in operation and a total of 460 MW under construction and development in Oaxaca.

Mitsui is the No.2 IPP (Independent Power Producer) in Mexico, participating in 2,922 MW of gross generation capacity, including this project and six other gas-fired power plants in the country.

With this project, Mitsui now holds approximately 5,916 MW worldwide, on an installed net generating capacity basis, including projects under construction, out of which 439 MW comes from renewable energy, accounting for approximately 7% of the above generating capacity.

By Chris Lui Staff Writer

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