FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
REPORT OF FOREIGN PRIVATE ISSUER
MITSUI AND CALPINE PARTNERSHIP AWARDED 20-YEAR 1005MW ONTARIO CLEAN
ENERGY SUPPLY CONTRACT
PURSUANT TO RULE 13A-16 OR 15D-16
OF THE SECURITIES EXCHANGE ACT OF 1934
For the month of April 14, 2005
Commission File Number 09929
MITSUI & CO., LTD.
(Translation of registrant's name into English)
2-1, OHTEMACHI 1-CHOME CHIYODA-KU, TOKYO 100-0004 JAPAN
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports
under cover of Form 20-F or Form 40-F:
Form 20-F_X__ Form 40-F____
Indicate by check mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(1): ____
Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a
Form 6-K if submitted solely to provide an attached annual report to security
holders.
Indicate by check mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(7): ____
Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a
Form 6-K if submitted to furnish a report or other document that the registrant
foreign private issuer must furnish and make public under the laws of the
jurisdiction in which the registrant is incorporated, domiciled or legally
organized (the registrant's "home country"), or under the rules of the home
country exchange on which the registrant's securities are traded, as long as the
report or other document is not a press release, is not required to be and has
not been distributed to the registrant's security holders, and, if discussing a
material event, has already been the subject of a Form 6-K submission or other
Commission filing on EDGAR.
Indicate by check mark whether by furnishing the information contained in this
Form, the registrant is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes____ No_X__
If "Yes" is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b): 82- _______
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
Date: April 14, 2005
MITSUI & CO., LTD.
By: /s/ Kazuya Imai
-------------------------------------------
Name: Kazuya Imai
Title: Senior Executive Managing Officer
Chief Financial Officer
April 14, 2005
Mitsui & Co., Ltd
For Immediate Release
To whom it may concern
Mitsui and Calpine Partnership Awarded 20-year 1005MW Ontario Clean Energy
Supply Contract
Mitsui and Calpine Corporation's equally owned Canadian partnership has signed
the Clean Energy Supply contract with the Ontario Power Authority ("OPA") of
Ontario, Canada on April 12th, 2005. The purpose of this project is to newly
construct a highly efficient 1005MW large-size gas fired combined cycle power
plant equipped with modern emission control technology at a secured site located
in the St. Clair Township, western region of the Province of Ontario, and sell
power to the Ontario wholesale power market for a period of 20 years with
revenue guaranteed by the OPA. The total project cost is approximately Japanese
Yen 55 Billion. Project finance syndicated by commercial banks is expected to be
arranged by October 2005, while construction is to commence by December 2005,
and commercial operation is expected to commence prior to February 2008.
The Government of Ontario announced a Request for Proposals, due last December
15th, 2004, seeking a new source of clean energy with a total capacity of
2500MW, in response to meeting future demand growth and its decision to retire
old coal fired power plants totaling 7500MW by the end of 2007. Mitsui and
Calpine's 1005MW combined cycle proposal has been awarded through a competitive
process, as one of 33 proposals which have been submitted to the Government of
Ontario. This project is deemed to be the first huge power plant project in
Canada to be invested in and owned by a Japanese firm.
Calpine Corporation, Mitsui's partner in this project, is one of the largest
U.S. power generating companies, holding capacity of approximately 32000MW
including plants during construction. This Ontario 1005MW power project would be
the second joint project of Mitsui and Calpine, the first project being the
Valladolid 525MW combined cycle power project now under construction in the
state of Yucatan, Mexico, owned by Mitsui, Calpine and Chubu Electric Power Co.,
Inc. of Japan.
The North America power market (U.S., Canada and Mexico) is one of the focused
markets of Mitsui. Mitsui's power business operations have been active in this
market and Mitsui has gained experience through major power plant construction &
investment projects continuously secured during the past several years,
involving various types of fuel including coal, gas and wind.
END
FOR FURTHER INFORMATION, PLEASE CONTACT
MITSUI & CO., LTD.
Corporate Communications Division
Tel: +81-3-3285-7564
Investor Relations Division
Tel: +81-3-3285-7910