Marubeni, Seimens Win 37 Bln Order for Combined Cycle Power Plant in Thailand.

Tokyo, Japan, Oct 27, 2006 - (JCN) - Marubeni Corporation and Siemens AG announced they concluded a contract on Oct. 25 for the Bang Pakong Combined Cycle Power Plantwith the Electric Generating Authority of Thailand (EGAT). The contract is worth approximately 37 billion yen, under a Full Turn-Key basis including equipment supply, civil and installation works.

The gross capacity of this Power Plant is 700 MW and the construction site is Bang Pakong Area, the suburbs of Bangkok in Thailand. The gas turbines and a steam turbine as main equipments are supplied by Siemens, and the heat recovery steam generators, mechanical balance of plant, and civil works and installation works are supplied and handled by Marubeni.

Marubeni's extensive experience of supply in Thailand along with the highly-evaluated competitiveness of price and engineering of Marubeni-Siemens group led to this successful receipt of the order consecutively. Marubeni and Siemens AG were jointly awarded the order of Songkhla combined cycle power plant, with the identical capacity to this project and which is under the construction, last year and its achievement is also highly-evaluated by EGAT.

Though the transitional cabinet has been established recently following the coup d'etat before dawn of September 19th in Thailand, this project has been recognized as important to the newly established government as the power demand is rising in Thailand in step with the firm economic growth, and it led to the conclusion of the contract as planned. This project is scheduled to commence the commercial operation in early stage of 2009.

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