Trust Recovery Growth Vitalization - Marubeni

Interview with the President and CEO
✔ Overseas IPP
In January 2005, Marubeni won the right to a 20-year contract for
operating a large-scale power and water project in the Emirate of Abu
Dhabi, UAE. The total cost of the project is approximately US$3.0
billion, including costs for the purchase of existing plants and land for
the construction of new plants. On a monetary scale, this project is the
world’s largest Independent Water and Power Project (IWPP). Initial
operations commenced in April 2005, with new plants scheduled for
completion in July 2008.
Question 05
Question 06
On what grounds did Marubeni decide to support Daiei,
and what specific rehabilitation plans do you have in mind?
Food distribution is one of Marubeni’s priority fields in the “V” PLAN. We have boosted our presence in
this area through investments in Maruetsu and Tobu Store. Marubeni’s support role for Daiei meshes
perfectly with our food distribution strategies. Moreover, prospects are extremely good that Daiei’s
corporate rehabilitation plan will improve its financial position, lead to effective business plan implementation,
and actually revitalize its operations. Viewed as an individual business project, Daiei meets
our prerequisites for investment and offers ample opportunity for returns, which is why we decided to
participate as one of its sponsors. Our primary task will be to raise Daiei’s corporate value. As we
communicate closely with Daiei’s management team and the Industrial Revitalization Corporation of
Japan (IRCJ), we will bring Marubeni’s full capabilities as a general trading company to bear in helping
Daiei reemerge as a more appealing retail enterprise in the eyes of consumers. To do this, we have
assigned directors and a number of personnel drawn from across the Marubeni Group to serve at Daiei
to ensure that our sponsorship duties are fully met. With this support, I am convinced that Daiei can
succeed in revitalizing its business.
What are your strategies for the project solution
service business model?
Taweelah B power and
water plant in Abu Dhabi
Reflecting on past experience, we will clarify the types of projects that Marubeni will steer clear of,
while making the most of the industrial and power plants we have built to develop this business model
into one able to secure stable earnings over the long term.
In the “V” PLAN, we positioned the overseas IPP business as a priority business field, but it is also
one where we have a strong track record and expertise. During the year under review, we won the right
to operate one of the world’s largest power and water facilities in the Emirate of Abu Dhabi, UAE. This
project has resulted in Marubeni possessing a gross capacity of around 6,400 MW, and has enhanced