OREANDA-NEWS. Mitsui & Co. Plant Systems, Ltd. (MPS), 100% subsidiary company of Mitsui & Co., Ltd. (Mitsui), together with its consortium partner Toshiba Corporation, concluded an export contract with Paraguayan state power company, Administracion Nacional de Electricidad (ANDE), for the supply and installation of the generation equipment to be used in the Yguazu hydroelectric plant.

The contract consists of the supply and installation of generation equipment, including turbines and generators, for the Yguazu hydroelectric plant (103MW x 2) scheduled to be constructed in Paraguay.

The project was launched with the objective of reinforcing Paraguay's national power system as a measure to prevent electricity shortages during periods of peak demand. With the hydroelectric generation system producing clean energy, greenhouse gas emissions are expected to be reduced, and therefore a part of the US\\$214 million official development assistance (ODA) loan provided by the Government of Japan will be used for the contract in accordance with the loan agreement signed by Japan International Cooperation Agency (JICA) and the Paraguay government in 2006.

Mitsui, via the Mitsui Argentina Office, is engaged in the business of exporting Paraguayan sesame, and supports the regeneration of old growth forests near Lago del Rio Yguazu, a project conducted by the Mitsui & Co., Ltd Environmental Fund.

While MPS has a strong track record with Toshiba Corporation of supplying power generation equipment to Latin American countries, this contract is the first of its kind in Paraguay. Electricity shortages resulting from economic growth are the common constraint in developing countries, and MPS continues to take a positive approach to power generation projects all over the world, in line with its mission of contributing to the continuing growth of countries and their industries through the development of infrastructure projects.