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November 17, 2014

MARUBENI SCHOLARSHIP FOUNDATION, INC.: 2014 DONATION TURNOVER CEREMONY IN SAN MANUEL, PANGASINAN

Marubeni Scholarship Foundation, Inc. (MSFI) together with the San Roque Power Corporation (SRPC, 50% Marubeni Corp., 50% Kansai Power Intl. Corp.) donated a total of twenty-four (24) units of desktop computers to three public elementary schools in Pangasinan province located in Northern Philippines. SRPC operates the San Roque Multipurpose Dam in Pangasinan.

The three schools that received computer donations were the Bobon Elementary School and San Roque Elementary School, both in San Manuel, Pangasinan, and the Bulangit Elementary School in San Nicolas, Pangasinan. These schools which are located in the vicinity of the San Roque Multipurpose Dam have a combined student population of 834 pupils who all belong to low income families.

A ceremony for the turnover of donations was held last November 14, 2014 at the Bobon Elementary School. The event was attended by the Board of Trustees of MSFI, officers from Marubeni Philippines Corporation (MPC) and SRPC, the Municipal Mayor of San Nicolas, Pangasinan, representatives of the Department of Education (DepEd) and the principals, teachers, parents and students of the three beneficiary schools.

The highlight of the program was the ceremonial turnover of donations to Bobon Elementary School, San Roque Elementary School and Bulangit Elementary School, followed by the remarks from MSFI Chairman & President, Mr. Amaury Gutierrez, MPC President and CEO, Mr. Koichi Kuwamura and SRPC President and CEO, Mr. Ryukichi Kawaguchi. An appreciation speech was also given by San Nicolas Municipal Mayor Rebecca Saldivar, while the message from the Mayor Alain Jerico Perez of San Manuel was read by his representative. The pupils performed a special folk dance to entertain the guests.

Mayor Saldivar expressed her deepest appreciation to MSFI and SRPC for the computer donations which will elevate the educational standards of the public elementary schools and help narrow the gap between the private and public elementary school educational systems in the area.

Since 2008, MSFI has been donating computers and other instructional materials to public elementary schools in the Philippines as a result of Marubeni Corporation’s additional grant in the same year. In recent years, MSFI has been focusing on improving computer literacy among public elementary school pupils.

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May 30, 2014

CONSTRUCTION OF A THIRD UNIT AT THE PAGBILAO COAL-FIRED POWER PLANT IN THE PHILIPPINES

Marubeni Corporation (“Marubeni”) and Tokyo Electric Power Company (“TEPCO”) announce that TeaM Energy Corporation (“TEC”), a joint venture between Marubeni and TEPCO, will build a third unit (the “Project”) at the Pagbilao Coal-fired Power Plant, adjacent to TEC’s existing Units 1 and 2.
Following the completion of the pre-requisites under the loan, construction, and related contracts, we have started construction of the Project through a joint venture between TEC and Aboitiz Power Corporation, one of the leading power generation companies in the Philippines. The generation capacity is 388MW and commercial operation is scheduled to commence in November 2017.

Construction of the Project will be undertaken by a consortium of Mitsubishi Hitachi Power Systems, Ltd. (“MHPS”) of Japan and Daelim Industrial Co., Ltd (“Daelim”) of Korea under a full turnkey contract.

Marubeni has been playing an active role as an Independent Power Producer in the Philippines through its investment into four existing power plants. Upon completion of the Project, Marubeni’s power assets in the Philippines will be approximately 4,000MW (gross), which is one-fourth of the total installed capacity in the country. With high economic growth, demand for social infrastructure is expected to increase continuously in the Philippines. Marubeni is committed to further contribution to the development of the country through stable and efficient power supply.

In the TEPCO Group Action Plan published on March 31, 2014, TEPCO issued a policy to expand its overseas IPP investment business by utilizing existing overseas project companies. By implementing the Project, TEPCO intends to contribute to the development of the Philippines through the electricity business, effectively utilizing its generation technology and know-how in regard to the operation of power plants gained over many years. Moreover, in order to realize the revitalization of Fukushima, TEPCO aims to further accumulate expertise in relation to overseas thermal power generation businesses, to strengthen its revenue base and enhance profitability.

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November 12, 2013

MARUBENI CORPORATION EXTENDS ITS DEEPEST SYMPATHY TO THE VICTIMS OF TYPHOON YOLANDA

Marubeni Corporation of Japan will donate 15 million Japanese Yen (Php6.5 million) to support the relief efforts in the Visayas region which was severely devastated by the Typhoon Yolanda. The company would like to express its deepest sympathy for the massive loss of lives and extensive damage to properties, and its hope for the early reconstruction and rehabilitation of the affected areas.

Earlier, Marubeni donated 1 million Philippine Pesos to the relief efforts administered to victims of the magnitude 7.2 earthquake that brought considerable damage to Bohol last October.

Both donations will be coursed through the National Disaster Risk Reduction and Management Council.

Marubeni has been operating in the Philippines since 1909 and has investments in power generation, utility, transportation, industrial estate, construction machinery and trade.

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December 12, 2012

MARUBENI CORPORATION DONATES 10 MILLION YEN TO PHILIPPINE TYPHOON VICTIMS

For damage caused by Typhoon Pablo that hit the southern Philippine island of Mindanao, Marubeni Corporation of Japan has decided to make a contribution of 10 million Japanese yen (Php4.96 million) immediately.

Typhoon Pablo, one of the most severe weather disturbances that struck Mindanao in recent history, caused massive damage to livelihood and properties and has left hundreds of people either dead or still missing. Through its contribution, Marubeni is earnestly hoping for the rescue of as many victims as possible and for the speedy progress in recovery and reconstruction operations.

Earlier this year, the company also donated to calamity victims of Typhoon Sendong in Mindanao and the southwest monsoon (Habagat) in Metro Manila and nearby provinces.

Marubeni began operations in the Philippines in 1909. At present, the company has investments in power generation, transportation, industrial estate and construction machinery.

 

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August 22, 2012

MARUBENI CORPORATION DONATES 5 MILLION YEN TO FLOOD RELIEF EFFORTS IN THE PHILIPPINES

Marubeni Corporation of Japan will donate 5 million Japanese yen (Php2.6 million) to support the continuing relief efforts in Metro Manila and nearby provinces that were affected by the recent severe flooding brought about by the southwest monsoon. The company wishes to express its sympathy to the victims who have lost their properties and livelihood due to the flood.

Marubeni has been operating in the Philippines since 1909 and has investments in power generation, transportation, industrial estate and construction machinery.

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December 26, 2011

MARUBENI CORPORATION EXTENDS ASSISTANCE TO THE RELIEF OPERATIONS IN NORTHERN MINDANAO

Marubeni Corporation of Japan will donate 10 million Japanese yen (Php5.6 million) to support the relief efforts in Northern Mindanao which was devastated by the flash floods brought about by Typhoon Washi (Sendong) killing more than a thousand people. The company expressed its sympathy for the loss of lives and extensive damage to properties, and its hope for the early reconstruction and rehabilitation of the affected areas.

The San Roque Power Corporation and TeaM Energy Corporation, both under Marubeni’s group of companies in the Philippines, will also be extending assistance to the victims in Mindanao. San Roque Power Corporation donated Php1.5 million through the ABS-CBN Foundation Sagip Kapamilya hoping that additional assistance will be given to the thousands of families in the relocation centers. Team Energy Foundation, Inc. and the employees of TeaM Energy Corporation, on the other hand, will be donating a total of Php1.0 million also in support of the relief operations.

Marubeni has been operating in the Philippines since 1909 and has investments in power generation, industrial estate and construction machinery.

 

 
 
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