March 29, 2024
Japan Overseas Infrastructure Investment Corporation
for Transport & Urban Development
JOIN Supports the Waste-to-Energy Project in United Arab States
Japan Overseas Infrastructure Investment Corporation for Transport & Urban Development(“JOIN”) announces it will establish a new company with Marubeni Corporation (“Marubeni”)
and Hitachi Zosen Inova AG (“HZI”) in the waste management in Abu Dhabi, UAE. This newcompany is contracted by Tadweer Group (“Tadweer”) and Emirates Water and Electricity
Company (“EWEC”).
For this project, JOIN has obtained approval from the Minister of the Land, Infrastructure,
Transport and Tourism of Japan, on 8th August 2023 to provide capital up to approximately
USD 0.017 million, including in the form of lending up to approximately USD 22.938 million,and for debt guarantee up to approximately USD 22.442 million.
This project will be carried out by a Japanese consortium formed by Marbunei, HZI andJOIN. Though an international competitive bidding process conducted by the two grantors Tadweer and EWEC, the consortium will jointly establish a new implementation company thatwill manage the project with the UAE side. The project will construct and participate in theoperation of Abu Dhabi's first general waste treatment facility (900,000 tons per year) and its
accompanying power generation facility (power generation capacity 80MW), which willcontribute to the enhancement of urban functions in the City of Abu Dhabi area. The consortium
has recently concluded a concession agreement with the Grantors to participate in themanagement of the project.
Through this investment, JOIN will cooperate with Marubeni and HZI to be the firstJapanese companies to start EPC and O&M business of Waste-to-Energy Project (“WtE”) in
Abu Dhabi by providing the knowledge to i)design high combustion efficiency incinerator, ii)
design of WtE plant to decrease air pollution from the plant and iii) achieve stable operation.
With the spread of urbanization, we can expect further expansion of opportunities for Japanesecompanies to enter the Middle East, including the UAE, where demand for waste treatment isexpected to increase.
In addition to contributing to achieve Japanese government’s objectives set forth in the“Infrastructure System Overseas Expansion Strategy 2025” that calls for contributing to thedecarbonization of society using Japan’s excellent initiative and technologies such as waste
power generation, JOIN will actively contribute to support not only conventional and urban
development projects but also projects such as waste treatment facility with other government
agencies. Furthermore, this investment comes under the target 11, 12 and 13 of SDGs. Throughthis project, JOIN will contribute to the further development of Abu Dhabi.

<Project Scheme>
JOIN

Marubeni

HZI

Tadweer

Equity& Shareholders Loan

Equity& Shareholders Loan
J-SPC

Abu Dhabi SPC

Equity& Shareholders Loan

Equity& Shareholders Loan

Project Company

Concession Agreement

Tadweer

EWECGrantors<Completion Image><Company Profile>
About JOIN:
Company Name:Japan Overseas Infrastructure Investment Corporation for Transport & Urban
Development

Headquarters:

Tokyo, Japan

Representative:

Tatsuhiko Takesada, President and CEO

Business

The infrastructure fund specializing in oversea transport and urban development

Description:

investment, sponsored by the Government of Japan and Japanese private companies

Website:https://www.join-future.co.jp/english/

About Marubeni:Company Name:

Marubeni Corporation

Headquarters:

Tokyo, Japan

Representative:

Masumi Kakinoki, President and CEO

Business

Domestic, import/export and foreign transactions of various commodity, construction

Description:

work contracts, various insurance agency services

Website:https://www.marubeni.com/en/

About Hitachi Zosen:
Company Name:

Hitachi Zosen Corporation

Headquarters:

Osaka, Japan

Representative:

Sadao Mino, President and CEO

BusinessEngineering, building and Operation of WtE plant and Water supply plant

Description:
Website:https://www.hitachizosen.co.jp/english/

About Hitachi Zosen Inova AG:
Company Name:

Hitachi Zosen Inova AG

Headquarters:

Zurich, Switzerland

Representative:

Bruno-Frédéric Baudouin
Chief Executive Officer & Member of the Supervisory Board

Business
Description:

Engineering, building and Operation of WtE plant and Bio gas plant

Website:CInquiries

Japan Overseas Infrastructure Investment Corporation forTransport & Urban Development
Kanno, Project Department
E-Mail：info@join-future.co.jp