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June 7, 2013

His Excellency President Kikwete of Tanzania visits Sumitomo Corporation's head office

His Excellency President Dr. Jakaya Mrisho Kikwete of the United Republic of Tanzania, who was staying in Japan to attend the 5th Tokyo International Conference on African Development (TICAD V), visited the head office of Sumitomo Corporation in Harumi, Tokyo on May 31, 2013. During the visit, the government of Tanzania and Sumitomo Corporation signed a Memorandum of Understanding (MOU) to promote cooperation in construction of the Kinyerezi 240 MW gas-fired combined cycle power plant, for which Sumitomo Corporation signed EPC contract in June 2012.

The Kinyerezi power plant, the first combined cycle power plant in Tanzania, will efficiently utilize natural gas produced in Tanzania for power generation. By supplying nearly 20% of the country's total power generation capacity, the Kinyerezi power plant is expected to provide solution to serious power shortage in Tanzania, thereby contributing to the development of the economy. In addition to construction of the power plant, Sumitomo Corporation will provide operation and maintenance service for two years following its completion, in order to transfer and localize management technologies for highly efficient power plants and provide training to local staff.

Sumitomo Corporation has designated sub-Saharan Africa (the area of the continent of Africa that lies south of the Sahara), which includes Tanzania, as an area of "Strategic Regional Focus". In October 2012, Sumitomo Corporation re-established a liaison representative office in Dar es Salaam, Tanzania, with the aim of enhancing its activities in the country's promising business sectors of resource and infrastructure development as well as in the consumer product industry, which is expected to grow significantly as the consumer population increases.

In the meeting with His Excellency President Kikwete, Kuniharu Nakamura, President and CEO of Sumitomo Corporation, applauded offered congratulations on Tanzania's recent economic development achieved under the strong leadership of His Excellency President Kikwete and said that Sumitomo Corporation would promote its business with Tanzania in a more proactive manner, which was welcomed by His Excellency President Kikwete.

His Excellency President Kikwete (left) and President Nakamura shaking hands

Dr. Likwelile (second from the left), Deputy Permanent Secretary of Tanzania's Ministry of Finance, and Masayuki Hyodo (second from the right), General Manager of the Global Power Infrastructure Business Division, Sumitomo Corporation signing the MOU

A rendering of the Kinyerezi power plant

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