Case studies of EU-Japanbusiness cooperation inSoutheast Asia
April 2024

The document was initially published in September 2023 and was updated in April 2024.

Disclaimer
The contents of the case studies presented in the following slides were taken from public sources andmeetings with some of the companies involved. The aim of this document is to provide details about existing
business partnerships between EU, Japanese and Southeast Asian companies for joint projects in Southeast
Asia. Business partnerships can take various forms such as joint ventures, consortia, merger and acquisitions
or contractor/supplier agreements, among others.
While utmost care was taken to check, translate and summarise all information used in these slides, the EUJapan Centre for Industrial Cooperation may not be held responsible for any errors that might appear.
If you wish to have more information about some of these cases, please contact us at:
EJ3A[@]eu-japan.or.jp***
Co-funded by the European Union. Views and opinions expressed are however those of the author(s) only and do not necessarily reflect thoseof the European Union or the European Innovation Council and SMEs Executive Agency (EISMEA). Neither the European Union nor the
granting authority can be held responsible for them.

© 2024 EU-Japan Centre for Industrial Cooperation

About the EU-Japan Centre forIndustrial Cooperation
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Transportation© 2024 EU-Japan Centre for Industrial Cooperation

Transportation (Philippines – Japan – France, 2010/2013)

Case 1: Air traffic control building and systems in Ninoy Aquino International
Airport, Philippines
Department of Transportation
and Communications(public sector)+

Sumitomo
Corporation(large company)+

Thales(large company)

About the project:
The joint venture between Sumitomo Corporation and the French company Thales delivered next-generation
air traffic control systems to the Philippines’ Department of Transportation and Communication (it became
the Department of Transportation in 2016).
The contract amounted to about 9 billion yen. The contract was initially turned down by the Commission on
Audit in 2011, and an amended contract was signed by both parties in March 2013.
The contract covered the “construction of a new air traffic control centre within the Ninoy AquinoInternational Airport in the Philippines, and delivery of air traffic control systems (including systems forcommunications, aeronautical information processing, satellite signal monitoring, and weather) at the new
air traffic control centre and major airports in the Philippines (about 25 sites).”
Financing:
The modernisation of the Philippines’ air traffic control system has been supported by Official Development
Aid (ODA) from the Japanese Government. In 2002, the Japan International Cooperation Agency (JICA)
committed to provide yen loans amounting to about ¥22 billion to the Philippines’ Department ofTransportation and Communication.
6© 2024 EU-Japan Centre for Industrial Cooperation

Transportation (Malaysia – Japan – Germany, 2017)

Case 2: Klang Valley Mass Rapid Transit (KVMRT) project
Mass Rapid Transit
Corporation Sdn. Bhd.

Mitsubishi Heavy
Industries, Ltd.

Meidensha
Corporation(public sector)(large company)(large company)++

MS Elevators Sdn.
Bhd.

Siemens AG &Siemens Malaysia(large company)(current Toshiba Elevator(Malaysia) Sdn. Bhd.)(large company)

+

/

+

SMH Rail(large company)+
SSSC consortium

About the project:
The largest urban transport railway, Klang Valley Mass Rapid Transit (KVMRT) Sungai Buloh - Kajang (SBK) Lineproject in Malaysia, was completed and officially opened by the Malaysian prime minister in July 2017. SBK Lineis the first of three lines of the KVMRT project.
The line includes thirty-one stations, of which seven are underground, and the project aims at reducing traffic
congestion in the capital city.
Mitsubishi Heavy Industries won a tender for the design, engineering, procurement and installation of Track
Works which is worth ¥22 billion.
Meidensha Corporation and its Malaysian subsidiary completed the power supply and distribution systemalong the whole line and were also in charge of supplying equipment and on-site installation works.
MS Elevators (current Toshiba Elevator (Malaysia)), an affiliate of Toshiba Elevator and Building Systems
Corporation, was responsible for the design, supply, and installation of escalators and moving walkways in thestations.
The SSSC consortium, which includes Siemens Malaysia, Siemens AG and SMH Rail, was awarded a contract tosupply 58 new driverless four-car metro trains for the project and a depot workshop equipment for two rollingstock depots.

7© 2024 EU-Japan Centre for Industrial Cooperation

Transportation (Thailand – Japan – France, 2017/2018)

Case 3: Bangkok Red Line Train's control system
State Railwayof Thailand (SRT)(public sector)

Mitsubishi Heavy
Industries, Ltd.
(large company)+

Hitachi(large company)+

Sumitomo
Corporation(large company)+
Consortium selected by SRT

Nippon Signal

Thales(large company)(large company)++
Sub-contracted by Nippon Signal

About the project:
The Red Line commuter train system is a suburban rail project proposed by Thailand’s main rail operator, the State Railway ofThailand (SRT), to address traffic congestion and encourage a shift from road transport to urban rail. The SRT has adopted theEuropean Train Control System (ETCS) on its Red Line Train, a European-wide standard that aims at boosting capacity and help
ensure highest safety standards.
In April 2017, the SRT awarded a four-year electrical and mechanical turnkey contract of 32.399 billion Thai Baht to a Japaneseconsortium including Mitsubishi Heavy Industries, Hitachi, and Sumitomo Corporation. MHI was responsible for design andprocurement of systems other than rolling stocks, Hitachi was responsible for the design and build of rolling stocks, andSumitomo was responsible for administration work and the local installation work. The three companies delivered a total of 25
train sets sourced from Japan.
Nippon Signal was awarded a signalling contract by Mitsubishi Heavy Industries in January 2018 to install a computer-based
interlocking, automatic train supervision system (ATS), automatic train protection (ATP) and a train detection system, including
ETCS Level 1. Through a contract with Nippon Signal, Thales delivered the ETCS on two sections of the Red Line.

Financing:
The North Line (Bang Sue to Rangsit) was constructed using JICA's International Yen Loan, and the West Line was constructedusing the Thai Government's own fund. The total ODA loan from JICA amounted to ¥268 billion covering the construction of theBang Sue-Rangsit section, the Bang Sue grand station, the rolling stock and mechanical & electrical services.

8© 2024 EU-Japan Centre for Industrial Cooperation

Transportation (Myanmar – Japan – Spain, 2020)

Case 4: Rolling stock project in Myanmar
MyanmaRailways

Mitsubishi
Corporation

Construcciones y Auxiliar deFerrocarriles (CAF)(state-owned company)(large company)(large company)++

About the project:
In December 2020, Mitsubishi Corporation announced that it had signed two contracts with Myanmar’s
state-run railway, Myanma Railways to deliver it new units of rolling stock. The first contract is for 66 cars for
the Yangon Circular Railway (YCR) Upgrading Project, and the second is for 180 cars for the YangonMandalay Railway (YM) Upgrading Project.
The cars will include Japanese components and equipment and will be built by Construcciones y Auxiliar deFerrocarriles, S.A. (CAF), which is Spain’s largest manufacturer of rolling stock. The cars are expected to bedelivered to Myanmar between 2023 and 2025.
The projects are part of Myanmar government's plans to upgrade the country's infrastructure network withthe aim to contribute to the modernisation of domestic transport and strengthen the country's socioeconomic development.

Financing:
An international-yen-loan agreement between the governments of Japan and Myanmar will cover the costsof the two projects for approximately ¥69 billion.
9© 2024 EU-Japan Centre for Industrial Cooperation

Transportation (Philippines – Japan – France, 2022)

Case 5: Metropolitan Manila Subway
Mitsubishi
Corporation(public sector)(large company)

+

Egis

ThalesColas Rail

Nippon Signal(large company)(large company)(large company)(large company)

+

+

+

+

Provider selectedby Colas RailDepartment ofTransportation

Consortium subcontracted by Mitsubishi Corporation

About the project:
The Philippines’ Department of Transportation selected Mitsubishi Corporation to deliver the integrated railway systems
and trackwork for the Metro Manila Subway. The awarded contract is worth approximately ¥140 billion and is expected
to be completed in 2028.
Mitsubishi Corporation will be responsible for designing, manufacturing, installing and delivering all the systems such as
trackwork, signals, telecommunications, power distribution, overhead contacts, etc.
The consortium between Egis, Colas Rail and Thales was awarded the E&M system and trackwork package subcontractby Mitsubishi Corporation. The French companies will provide various elements such as digital communication systems,
automatic fare collection systems, platform screen doors, etc. Nippon Signal was chosen by Colas Rail to deliver thesignalling system.
This new line will help with the growing demand for public transportation and help reduce traffic congestion andatmospheric pollution in Metro Manila.

Financing:
The project is financed through a ¥253,307 million ODA loan from JICA granted under the Japanese government’s
Special Terms for Economic Partnership (STEP) program. According to JICA, ”STEP refers to special assistance terms forpromoting the visibility of Japanese aid through a transfer of outstanding Japanese technology and expertise todeveloping nations. The main contract is Japan tied and subcontracting is general untied.”10© 2024 EU-Japan Centre for Industrial Cooperation

Transportation (Philippines – Japan – France, 2023)

Case 6: Extension of the North South Commuter Railway (NSCR)
Department ofTransportation

Mitsubishi
Corporation(public sector)(large company)++

AlstomColas Rail(large company)(large company)+
Consortium subcontracted by Mitsubishi Corporation

About the project:
The NSCR extension project is part of the Manila Transport Master Plan and aims at building about 110 km of mainline track
and serving 27 new stations.
Mitsubishi Corporation reached an agreement with the Department of Transportation of the Philippines to deliverintegrated railway systems for the NSCR for a contract of ¥260 billion. Mitsubishi Corporation will be responsible fordesigning, manufacturing and installing all the systems.
Alstom is leading a consortium with Colas Rail and will be responsible for the system integration, signalling andtelecommunication, power supply, automated fare collection system, platform doors, maintenance systems and depot
equipment, as well as control centre and training. Alstom will deploy a European Rail Traffic Management System (ERTMS)
level 2 signalling system for the first time in Southeast Asia.
Colas Rail will cover the design, supply, installation, testing and commissioning of the tracks and overhead contact
systems.
This will be the third project involving a partnership between Colas Rail and Mitsubishi Corporation outside of Japan,
following the Cairo Metro Line 4 in Egypt and the Manila Metro project in the Philippines.

Financing:This project is financed through a JICA ODA loan with Special Terms for Economic Partnership (STEP) conditions.

11Energy© 2024 EU-Japan Centre for Industrial Cooperation

2Energy
Energy(Vietnam(Japan – –France
Japan––Egypt,France,2017-2019)2002/2004)

Case 7: Phu My 4 combined cycle gas turbine (CCGT) power plant
Electricity of Vietnam

AlstomMarubeni Corporation(state-owned company)(large company)(large company)++

Vietnam Machinery Erection
Co. ('LILAMA')(state-owned company)+

About the project:
In 2002, a consortium including Alstom, Marubeni Corporation and Vietnam Machinery Erection Co.
(‘LILAMA’) was awarded by Electricity of Vietnam a €238-million turnkey contract to build a 450 MW
combined-cycle power plant in an existing Phu My power site. The construction of Phu My 4 combined-cycle
plant began in December 2003 and became operational from 2004.
Alstom, the consortium leader, supplied gas turbines and steam turbine generators, and was also responsible
for the main mechanical equipment and control system of the power island.
In 2003, Alstom signed an 8-year long-term service agreement with Electricity of Vietnam for the Phu My 4
and Phu My 2.1 plants. The long-term service agreement with Alstom was renewed for another 8 years in
2011.

13

© 2024 EU-Japan Centre for Industrial Cooperation

2Energy
Energy(Vietnam(Japan – –France
Japan––Egypt,France,2017-2019)2003/2005)

Case 8: Phu My 2-2 combined cycle gas turbine (CCGT) power plant
Vietnam’s Ministry ofIndustry and Trade (MOIT)(public sector)+

Tokyo Electric Power Company
Sumitomo
JERA(TEPCO)
Corporation(large company)(large company)(large company)

EDF International(large company)

+

+

+

Electricity of Vietnam(state-owned company)+

Shareholders of the Vietnamese company Mekong Energy Company Ltd. (MECO)

About the project:
Mekong Energy Company (MECO) is Vietnam’s first Independent Power Producer (IPP). MECO shareholders are EDF International(56.25%), Sumitomo Corporation (28.125%) and Tokyo Electric Power Company (TEPCO) International (15.625%). JERA succeeded
to this project from TEPCO Fuel & Power in July 2016.
MECO was established in 2003 to build the Phu My 2-2 power plant and to own and operate it under a 20-year Build-OperateTransfer (BOT) contract awarded by Vietnam’s Minitry of Industry and Trade. It is the first BOT power project in Vietnam which is
100% owned by foreign investors. The power plant will be transferred to the Government of Vietnam twenty years after thecommercial operation date in February 2005.
MECO owns and operates the 715-MW advanced combined cycle power plant Phu My 2-2 which is located in Ba Ria - Vung Tau
province, 70 km southeast of Ho Chi Minh City.
The electricity generated by Phu My 2-2 is fully purchased by Electricity of Vietnam.

Financing:
The project was supported by a range of financing organisations, such as the Vietnamese Government, the World Bank, the AsianDevelopment Bank, the Japan Bank for International Cooperation (JBIC), PROPARCO (a subsidiary of the French Development
Agency), and several commercial banks.

14© 2024 EU-Japan Centre for Industrial Cooperation

2Energy
Energy(Vietnam(Japan – –France
Japan––Egypt,Austria/France,
2017-2019)2003)

Case 9: Phu My – Ho Chi Minh City 500kV transmission line
Electricity of Vietnam(state-owned company)+

VA Tech Transmission & Distribution SA(current Siemens Power
Transmission and Distribution)(large company)/

Nissho Iwai Corporation(current Sojitz)(large company)

Power Construction
Company No. 1

Power Construction
Company No. 2(state-owned company)(state-owned company)

+

+

+

Consortium

About the project:
Due to the rapid increase of the demand for electricity along with economic development, the Vietnamese government
developed several large-scale thermal power generation plants in Phu My, 45km southeast of Ho Chi Minh City, as part of its plan todevelop the area as a power generation base with a final installed capacity of over 3,000 MW.
However, it was estimated that the existing 220kV transmission facilities at that time (1,450MW in 2001) could not fully extend powerfrom the plants in Phu My, thus, increasing transmission capacity became necessary for a stable power supply in the region.
A consortium between the Austrian company VA Tech T&D, through their French subsidiary, (and absorbed by Siemens Power T&D
in 2005) and Nissho Iwai Corporation (currently known as Sojitz) won a contract from Electricity of Vietnam for the construction of
new 500/225 kV substations at Phu My and Nhabe, and the 500 kV extension of Phulam substation. On completion of the project,nearly 3000 MWe produced by Phu My, the biggest power plant complex in Vietnam, will be transmitted to the 500 kV national grid.
The main contractors of the project were Power Construction Company No. 2 (Vietnam), Power Construction Company No. 1(Vietnam), and the consortium between VA Tech Transmission & Distribution SA and Nissho Iwai Corporation.

Financing:
The project was financially supported by the Government of Vietnam and the Japan Bank for International Cooperation (JBIC).
The total cost was ¥15,443 million. The loan from JBIC covered ¥13,127 million and the rest was financed by the Government ofVietnam.

15

© 2024 EU-Japan Centre for Industrial Cooperation

2Energy
Energy(Singapore(Japan – France– Japan– Egypt,– France,
2017-2019)2008)

Case 10: Senoko Power Station - combined cycle gas turbine (CCGT) power plant in Singapore
Government ofSingapore

Marubeni Corp.

Engie S.A.
(former GDF SUEZ)(public sector)(large company)(large company)++

Kyushu Electric Power Co. Inc. Kansai Electric Power(Kyuden International Corp.)
Co., Inc.
(large company)(large company)

+

+

JBIC
(public sector)+

Consortium that acquired the company Senoko Energy Pte Ltd and operates the Senoko Power Station

About the project:
The Senoko Combined Cycle Power Plant is a gas fired power project located in the North West ofSingapore.
It is operated by the company Senoko Energy Pte Ltd. (former Senoko Power Limited) which is owned by aconsortium comprising Marubeni Corporation, ENGIE S.A. (former GDF SUEZ), Kansai Electric Power Co., Inc.,
Kyushu Electric Power Co. Inc. (Kyuden International Corp.) and the Japan Bank for International
Cooperation (JBIC).
In 2008, Senoko Power Limited was awarded to this consortium as part of a privatization bid by thegovernment of Singapore, former owner of the company. Senoko Power Limited became Senoko Energy Pte
Ltd. in 2010.
The plant has been providing energy since 1977.
Senoko Power Station is one of the largest and most efficient power generation plant in Singapore. It supplies
about 20% electricity needs in Singapore.

16© 2024 EU-Japan Centre for Industrial Cooperation

2Energy
Energy(Indonesia(Japan – France– Japan– Egypt,– France,
2017-2019)2008/2022)

Case 11: Rantau Dedap Geothermal Independent Power Project
Ministry of Energy
and Mineral Resources(public sector)

Marubeni
Corporation(large company)

+

Engie

PT Supreme Energy(large company)(large company)++

Tohoku ElectricPower Co., Inc(large company)+

Perusahaan Listrik
Negara (PLN)

INPEX Geothermal Ltd.
(large company)+(state-owned
electricity utility)+

PT Supreme Energy Rantau Dedap (SERD) consortium

About the project:
The power plant is located in South Sumatra, Indonesia, and was developed by PT Supreme Energy Rantau Dedap(SERD), a special-purpose company formed in 2008 by an initial consortium consisting of Marubeni (35%), PT Supreme
Energy (30%) and Engie (35%).
In 2012, the Rantau Dedap project and Indonesian state-owned electricity utility Perusahaan Listrik Negara (PLN)
entered into a Power Purchase Agreement (PPA).
In 2017, Tohoku Electric Power Co., Inc invested in the Rantau Dedap plant, its first overseas geothermal power
project. The investment ratio of Tohoku Electric was of 10%.
In 2022, INPEX Corporation, through its subsidiary INPEX Geothermal Ltd., also joined the project by acquiring 27.4% of
the shares of PT Supreme Energy Rantau Dedap held by Engie.
The commercial operation of the Rantau Dedap Geothermal Independent Power Project started in December 2021.

Financing:
In March 2018, the Japan Bank for International Cooperation (JBIC) signed a loan agreement of approximately $188
million (JBIC portion) with PT Supreme Energy Rantau Dedap. The loan was co-financed by private-sector banks suchas Mizuho Bank, Ltd., Sumitomo Mitsui Banking Corporation, the Bank of Tokyo-Mitsubishi UFJ, Ltd., and the AsianDevelopment Bank (ADB). Nippon Export and Investment Insurance (NEXI) provided insurance for the portion cofinanced by the private-sector banks. The total co-financing amount was approximately $539 million.

17

© 2024 EU-Japan Centre for Industrial Cooperation

2Energy
Energy(Philippines(Japan – France– Japan– Egypt,– Germany,
2017-2019)2014)

Case 12: Balingasag coal-fired power plant in the Philippines
Toshiba Plant
Systems & Services
Corporation

Cagayan Electric Power &Light Co. (CEPALCO)(large company)(large company)++

Mitsubishi
Corporation

ThyssenKrupp
Industries India(large company)(large company)+/

About the project:
The power plant is located in Balingasag, Mindanao, the second-largest island in the Philippines.
The final customer is CEPALCO, a privately owned electric distribution utility company.
Mitsubishi Corp. was the general contractor of the project and Toshiba Plant Systems & Services Corp.
was responsible for the technical execution of the project.
Through their subsidiary in India, ThyssenKrupp supplied 3 boilers (55MW). The project’s scope was fordesign, engineering and supply (FOB).
ThyssenKrupp’s equipment was selected because of their good performance and also due to thepresence of the German company in Tokyo and Manila through local offices.

18© 2024 EU-Japan Centre for Industrial Cooperation

2Energy
Energy(Indonesia(Japan – France– Japan– Egypt,– France,
2017-2019)2011/2022)

Case 13: Muara Laboh geothermal power plant
Ministry of Energy
and Mineral ResourcesEngie(public sector)(large company)+

Sumitomo Corporation(large company)++

INPEX Corporation

PT Supreme Energy

Perusahaan Listrik
Negara (PLN)(large company)(large company)(state-owned electricity utility)++

PT Supreme Energy Muara Laboh (SEML) consortium

About the project:
The company PT Supreme Energy Muara Laboh (SEML) is a consortium initially including Sumitomo Corporation, Engie
and PT Supreme Energy. INPEX joined the consortium in 2022, by acquiring 33.333% of the shares of PT Supreme
through its subsidiary INPEX Geothermal Ltd. After winning a tender, SEML was awarded the Muara Labohconcessions in 2010 and received a geothermal license afterward. In 2022, Sumitomo Corporation acquired 15% of
equity stake held by Engie, which increased Sumitomo’s equity stake in the project to 50%.
Following the signature of a Power Purchase Agreements (PPA) in 2012, the electricity generated by the plant would
be purchased by PLN, the Indonesian state-owned electricity utility, for thirty years.
The plant is located in Solok Selatan region, West Sumatra, Indonesia. Stage 1 of the commercial operation wasannounced in 2019. The power plant has an installed capacity of 85 MW.
Stage 2 is expected to be completed in 2025 with a total capacity of 225 MW.

Financing:
In 2017, the $440 Million financing agreement was signed by the PT Supreme Energy Muara Laboh consortium with theJapan Bank for International Cooperation (JBIC), the Asian Development Bank (ADB), Sumitomo Mitsui Banking
Corporation, Mitsubishi UFJ Financial Group and Mizuho Bank.
NEXI’s insurance will support the commercial banks’ loans.

19© 2024 EU-Japan Centre for Industrial Cooperation

2Energy
Energy(Indonesia(Japan – France– Japan– Egypt,– France,
2017-2019)2008/2022)

Case 14: Rajabasa geothermal power plant
Ministry of Energy
and Mineral ResourcesEngie(public sector)(large company)+

Sumitomo Corporation(large company)++

INPEX Corporation

PT Supreme Energy

Perusahaan Listrik
Negara (PLN)(large company)(large company)(state-owned electricity utility)++

PT Supreme Energy Rajabasa consortium

About the project:
The company PT Supreme Energy Rajabasa is a consortium initially including Sumitomo Corporation, Engie
and PT Supreme Energy. INPEX joined the consortium in 2022, by acquiring 31.45% of the shares of Engie
through its subsidiary INPEX Geothermal Ltd.
The project started in 2008, when the Indonesian Ministry of Energy and Mineral Resources assigned PT
Supreme Energy to conduct pre-feasibility studies in Gunung Rajabasa geothermal prospects.
Following the signature of a Power Purchase Agreements (PPA) in 2012, the electricity generated by theplant will be purchased by PLN, the Indonesian state-owned electricity utility.
The plant is located in Gunung Rajabasa, South Lampung Regency, Lampung Province, Indonesia. As ofJanuary 2023, the project was still in the exploration stage. Surface and geophysical surveys haveindicated a certain potential for geothermal resources.

20© 2024 EU-Japan Centre for Industrial Cooperation

2Energy
Energy(Thailand(Japan – –France
Japan––Egypt,
Germany,
2017-2019)2017)

Case 15: South Bangkok (combined-cycle thermal)
Power Plant Replacement Project
Electricity Generating
Authority of Thailand (EGAT)

Marubeni
Corporation(large company)(state-owned enterprise)+

Siemens
Aktiengesellschaft

Siemens Limited,Thailand(large company)(large company)++/
Project consortium

About the project:
In 2017, the parties involved announced that the Thai state-owned utility Electricity Generating Authority ofThailand (EGAT) ordered the delivery of a turnkey combined cycle power plant from the Marubeni-Siemens
consortium.
The project is located in the Mueang District of Samut Prakan Province, a southern suburb of Bangkok, Thailand.
The new power plant will replace an existing thermal power plant and will aim at reducing the environmental
impact. It will have the capacity to produce around 1,200MW of electricity.
The Marubeni-Siemens consortium will be in charge of engineering, procurement, construction andcommissioning. Siemens will supply main equipment such as gas turbines, steam turbines, generators and heatrecovery steam generators. Marubeni Corporation will supply the balance of plant equipment, civilengineering/construction and installation work.
This is the 5ᵗʰ combined cycle power plant project between Marubeni Corporation and Siemens in Thailand.
21© 2024 EU-Japan Centre for Industrial Cooperation

2Energy
Energy(Vietnam(Japan – –France
Japan––Egypt,France,2017-2019)2018)

Case 16: Son My combined cycle gas turbine (CCGT) power plant
Ministry of Industry
and Trade

EDF Group

Pacific Corporation

Sojitz Corporation

Kyushu ElectricPower Co.

(public sector)(large company)(large company)(large company)(large company)

+

+

+

+
Project consortium led by EDF

About the project:
In March 2018, the Vietnamese government confirmed the decision to appoint the EDF Group as leader of aninternational consortium that would be in charge of a combined-cycle gas-fired plant construction project at Son My,
Vietnam.
The consortium includes EDF (37.5%), Pacific Corporation (25%), Sojitz Corporation (18.75%) and Kyushu Electric PowerCo. (18.75%).
In November 2018, a Memorandum of Understanding (MOU) was signed between EDF, on behalf on the consortium,
and the Vietnamese Ministry of Industry and Trade to set out the general framework for the project. The MoU will open
the way to the negotiation of different agreements that will ultimately lead to the final investment decision.
The project aims at the construction and operation of a 2250-MW high-efficiency and environmentally sustainable
combined-cycle gas-fired plant over a 20-year period. The project is aligned with Vietnam’s energy diversification
policy and will aim at meeting the growing demand for electricity and reducing the proportion of coal in Vietnam.
The project is currently at the permitting stage and will be developed in multiple phases. The project construction is
expected to start in 2027 and to enter into commercial operation in January 2028.

22

© 2024 EU-Japan Centre for Industrial Cooperation

2Energy
Energy(Singapore/Asia(Japan – France––Japan
Egypt,–2017-2019)
France, 2022)

Case 17: Development of B2B Solar distributed generation across Asia Pacific→TotalEnergies

ENEOS(large company)(large company)+
Joint venture: TotalEnergies ENEOS Renewables Distributed Generation Asia Pte. Ltd.

About the project:
In 2022, TotalEnergies and ENEOS signed a joint venture agreement to develop onsite B2B solar distributed
generation across Asia, mainly in Japan, India, Thailand, Vietnam, Indonesia, Philippines, Cambodia,
Singapore and Malaysia.
The company created for this joint venture, TotalEnergies ENEOS Renewables Distributed Generation Asia Pte.
Ltd., is based in Singapore and aims at developing 2GW of decentralised solar capacity over 5 years.
For this project, TotalEnergies will use its expertise on this market segment and its global footprint, while ENEOS
will use its expertise in renewables and its strong brand, mainly in Japan, to lower the costs of decentralised
solutions offered to industrial and commercial customers.
The joint venture started with the signature of its first long-term power purchase agreement on 34 MWp acrossnine countries. This would include B2B customers such as Air Liquide, PTT Global Chemical and Yanmar Engine.
23© 2024 EU-Japan Centre for Industrial Cooperation

2Energy
Energy(Malaysia(Japan – France– Japan– –Egypt,France,2017-2019)
2023)

Case 18: Joint development of carbon capture and storage (CCS) project in Malaysia
TotalEnergies Carbon Neutrality Ventures(a subsidiary of TotalEnergies)

Mitsui & Co., Ltd.

Petroliam Nasional Berhad(PETRONAS)(large company)(large company)(state-owned company)++

About the project:
In June 2023, Mitsui & Co., Ltd., Malaysia's national oil company Petroliam Nasional Berhad (PETRONAS) and TotalEnergies
Carbon Neutrality Ventures (a subsidiary of TotalEnergies) announced the signature of an agreement for the joint
development of CO2 storage site in Malaysia.
The partnership aims at building an integrated carbon capture and storage (CCS) value chain in Southeast Asia.
Malaysia's strategic location, offering easy maritime access to industrial CO2 emitters in Asia like Japan, positions it as apotential hub for CCS, connecting regional industries with safe and permanent CO2 storage sites.
The three companies selected offshore Peninsular Malaysia as the location of underground sequestration of CO2, where thesub-surface structure is well known thanks to past oil and gas exploration and development activities. The companies willassess several CO2 storage sites in the Malay Basin, including both saline aquifers and depleted offshore fields.
The partners will collaborate on technical evaluations, development concepts for depleted fields, and optimizing logistics forliquefied CO2 transportation and port facilities.
The three companies will study potential storage sites, determine the best means of delivering CO2 to Malaysia from regional
industrial clusters, and develop a suitable business framework for commercializing carbon storage services in Malaysia.

24Chemicals

© 2024 EU-Japan Centre for Industrial Cooperation

2Chemicals
Energy (Japan(Indonesia– France– Japan– Egypt,– Germany,
2017-2019)1996)

Case 19: Kaltim 1A (POPKA) fertilizer plant - Bontang
PT Pupuk Kalimantan
Timur (Kaltim)

PT Rekayasa Industri(REKIND)(state-owned company)(state-owned company)+

ChiyodaCorporation(large company)+

ThyssenKrupp(large company)+

About the project:
The Kaltim 1A (POPKA) plant is an ammonia and urea plant located in Bontang, Indonesia.
PT Pupuk Kalimantan Timur (Kaltim) is the owner of the project.
Chiyoda Corporation was the main EPC contractor and REKIND was involved in theconstruction.
ThyssenKrupp provided licenses and equipment to Chiyoda for the urea granulation plantwith a capacity of 1,725 mt/d each. ThyssenKrupp was chosen because it had a generallicense agreement with Chiyoda for the urea granulation technology.

26

© 2024 EU-Japan Centre for Industrial Cooperation

2Chemicals
Energy (Japan(Indonesia– France– Japan– Egypt,– Germany,
2017-2019)1999)

Case 20: Kaltim 4 fertilizer plant
PT Pupuk Kalimantan
Timur (Kaltim)

Mitsubishi Heavy
Industries, Ltd.

(state-owned company)

ThyssenKrupp(large company)(large company)++

About the project:
The Kaltim 4 plant is an ammonia and urea plant located in Indonesia.
PT Pupuk Kalimantan Timur (Kaltim) is the owner of the project.
The EPC contractor for the project was Mitsubishi Heavy Industries Ltd.
ThyssenKrupp provided licenses and equipment for the urea granulation plantwith a capacity of 1,725 mt/d each to Mitsubishi Heavy Industries. ThyssenKrupp
was chosen by MHI because of an existing general license agreement for theurea granulation technology and because ThyssenKrupp’s subsidiary Uhde has agood reputation in the market.
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© 2024 EU-Japan Centre for Industrial Cooperation

2Chemicals
Energy (Japan(Indonesia– France– Japan– Egypt,– Germany,
2017-2019)1997)

Case 21: Cilegon petro-chemical plant (ethylbenzene)
PT Styrindo Mono
Indonesia (SMI)

Mitsubishi Heavy
Industries, Ltd.

ThyssenKrupp(large company)(large company)(large company)++

About the project:
The ethyl benzene plant project started around early 1997 and is located in Cilegon,Indonesia.
The owner of the ethyl benzene plant project is the Indonesian company PT Styrindo Mono
Indonesia (SMI).
SMI is a subsidiary of PT Chandra Asri Petrochemical, the largest petrochemical producer inIndonesia and the only ethyl benzene producer in Indonesia with a capacity of 200,000
tonnes per annum, which is fully used as raw material for their styrene monomer plant. SMI
is also the only styrene monomer producer in Indonesia with a capacity of 340,000 tonnes
per annum.
The EPC contractor of the project is the Japanese company Mitsubishi Heavy Industries(MHI).
ThyssenKrupp provided engineering services to MHI. ThyssenKrupp was chosen by MHI due
to their considerable expertise and experience in this field.
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© 2024 EU-Japan Centre for Industrial Cooperation

2Chemicals
Energy (Japan(Malaysia– France– Japan– Egypt,– Denmark2017-2019)– Italy – Germany, 2011-2015)

Case 22: Sabah Ammonia Urea Plant (SAMUR), a large-scale fertilizer plant
PETRONAS Chemical
Fertilizer Sabah Sdn. Bhd.

APEX Energy
Sdn. Bhd.

(large company)(large company)+

PT Rekayasa Industri(REKIND)(state-owned
company)++

Mitsubishi Heavy
Industries, Ltd.

Topsoe A/S

Saipem S.p.A.

ThyssenKrupp(large company)(large company)(large company)(large company)

+

+

+

About the project:
The SAMUR plant is located in Sipitang, Malaysia.
In 2011, Mitsubishi Heavy Industries, Ltd. (MHI), APEX Energy Sdn. Bhd. of Malaysia, and PT Rekayasa Industri(REKIND) in Indonesia, received an order from Petronas Chemical Fertilizer Sabah Sdn. Bhd. (PCFSSB) for a
project to construct a large-scale ammonia and urea fertilizer plant. PCFSSB is a subsidiary of PETRONAS
Chemicals Group Berhad (PCG), which is an affiliate company of PETRONAS, the national oil company of
Malaysia.
The fertilizer plant used process technologies from three EU companies: Topsoe A/S, Saipem S.p.A., andUhde Fertilizer Technology B.V., the latter being a subsidiary of ThyssenKrupp and which was involved
through their office in the Netherlands.
ThyssenKrupp has a general license agreement with MHI for the urea granulation technology. In addition,
the German company has a separate license agreement with Petronas for this plant to cover after sales
services and operational support.
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Water & Waste Management

2Water
Energy&(Japan
Waste Management– France – Egypt,(Vietnam2017-2019)– Japan – France – South Korea, 2014/2015)© 2024 EU-Japan Centre for Industrial Cooperation

Case 23: Binh Hung sewage treatment plant
Urban-Civil Works Construction Investment
Management Authority of Ho Chi Minh City

Veolia / OTV

Hitachi Ltd.

Posco E&C

(public sector)(large company)(large company)(large company)+++
Consortium

About the project:
In 2014, Hitachi Ltd. and OTV, Veolia’s water subsidiary, signed a Memorandum of Understanding (MoU) to partner
on municipal water treatment and sewage, seawater reverse osmosis desalination and industrial water projects in
the regions of Africa, MENA and Southeast Asia.
In addition, a consortium including Hitachi Ltd., OTV and the Korean firm Posco E&C won a $120 million project for asewage treatment plant in Ho chi Minh City, Vietnam. The project was ordered by the Urban Civil Works Construction
Investment Management Authority of Ho Chi Minh City and aims at the expansion of the sewage treatment facility.
The project aims at meeting the growing needs of Ho Chi Minh City, largest city in Vietnam, which has seen its
volume of industrial and domestic wastewater surge with its rapid industrialisation and urbanisation. The objective
would be to improve urban and domestic sanitation by increasing the daily processing capacity of the sewage
treatment plant from 141,000 m³ to 469,000 m³, to meet the needs of approximately 1.4 million people.
This is the second large-scale joint project between Hitachi Ltd. and OTV which have worked together for adesalination plant and pre-treatment facilities in Iraq from 2014.
Funding:
The project was funded with loan assistance from the Japanese government.
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Construction© 2024 EU-Japan Centre for Industrial Cooperation

Construction
Construction(Myanmar(Myanmar– –Japan
Japan– –France,
France2017), 2017)

Case 24: Construction projects in Yangon

Yoma Strategic
Holdings(large company)/→

Dragages Singapore(Bouygues Construction
Subsidiary)

Taisei Corp.

(large company)(large company)/+

Yoma Strategic
Holdings

First Myanmar
Investment Ltd(large company)(large company) (large company) (large company)

Mitsubishi
Corporation/+

Yoma Strategic
Holdings

Dragages Singapore(Bouygues Construction
Subsidiary)(large company)(large company)

/

+

Asian
Development
Bank (ADB)

International
Finance
Corporation (IFC)(regional
development bank)(member of the WorldBank Group)

Meeyahta Development Limited (MDL Yangon) Joint Venture

Joint venture BTJV Myanmar Company Limited→

Mitsubishi Estate
Company Ltd.

/→

ShinryoCorporation(large company)

Joint venture BYMA Pte Ltd

About the project:
In 2017, Yoma Strategic Holdings Ltd. announced the signature of an agreement with EU and Japanese construction companies for two projects: Yoma Central and The
Peninsula Yangon located in central Yangon, Myanmar. The two projects will feature luxury residences, office towers, a business hotel, a luxury hotel, serviced apartments,
and a retail podium connecting each element.
The combined contract value of the two projects is over $400 million, for a total built area of around 265,000 m². The main works contracts include civil, structural,architectural, mechanical, electrical, plumbing and heritage works.
For Yoma Central, the developer is the Meeyahta Development Limited joint venture, and the building contractor is BTJV Myanmar Company Limited, a joint venture
between Dragages Singapore Pte Ltd, a subsidiary of Bouygues Construction, and Taisei Corporation.
For the Peninsula Yangon, the building contractor is BYMA Pte Ltd, a joint venture between Dragages Singapore Pte Ltd and Yoma Strategic Holdings.
The EU and Japanese companies complement each other in these projects by leveraging their own strengths. Bouygues Construction has experience in the field of heritage
conversation, with a history of projects that include prestigious historic hotels in Europe. Taisei Corporation is one of the biggest construction companies in Japan and was
involved in large projects such as the Hamad International Airport in Qatar, and the New National Stadium in Japan.
As for Shinryo Corporation, the Japanese company received a large-scale redevelopment construction order of automatic control service work for the Yoma Central
Project. The order was placed by‎BYMA Pte Ltd.

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© 2023 EU-Japan Centre for Industrial Cooperation© 2024 EU-Japan Centre for Industrial Cooperation

Construction
Construction(Vietnam(Vietnam– –Japan
Japan– –Belgium,
Belgium,2023)
2023)

Case 25: MoU between DEEP C Industrial Zones and Japanese Companies in Vietnam
Haiphong People’s
Committee

Rent-A-Port(public sector)(large company)++

IHI Corporation

TBM Co., Ltd.

(large company)(large company)/

DEEP C Industrial Zones

About the project:
The Haiphong - Japan Investment Promotion Conference 2023, co-organised by Haiphong People's
Committee, Vietnamese Embassy in Japan, the Japan Trade Promotion Organisation (JETRO) and theASEAN - Japan Center took place in the northern port city of Haiphong from June 15 to 18, 2023.
Within this framework, DEEP C Industrial Zones signed a memorandum of understanding (MoU) with two
Japanese companies, IHI Corporation and TBM Co., Ltd.
DEEP C Industrial Zones is a Belgian developer and operator of an Industrial zone and port infrastructure
cluster in Haiphong and Quang Ninh province. It was established by Belgian investor Rent-A-Port andHaiphong People’s Committee in 1997.
IHI plans to study clean energy solutions that will be effective in DEEP C Industrial Zones by utilising its
products and technologies that contribute to CO2 reduction.
TBM is commercialising its new, recycled materials that are alternative to plastic and paper. It willconsider the business feasibility of the resource recycling business in DEEP C Industrial Zones andVietnam.
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