Sri Lanka power projects eyed by Marubeni

Jan 19, 2012 (LBO) – Japan’s Marubeni Corporation plans to return to Sri Lanka and is keen on investing in power projects including supplying liquefied natural gas, the Ministry of Industry and Commerce said in a statement. Marubeni is a diversified multinational conglomerate engaged in diversified trading activities like imports and exports of food materials, food products, textiles, materials, pulp and paper, chemicals, energy, metals and mineral resources, transportation machinery, offshore trading.

We also are present in power projects and infrastructure, plants and industrial machinery, finance, logistics and information industry, and real estate development and construction, Wataru Yoshida, was quoted as saying in the statement.

We are the largest independent power operator in Japan and energy trader in Japan. We have more than 40 operations across the world including Qatar and Papua New Guinea.

“We have projected a net profit of 1.8 billion US dollars for 2011 which we want to invest in selected countries, including Sri Lanka. Now, we want to recommence operations in Sri Lanka. In fact, we want to open our Colombo office as soon as possible. The Japanese multinational’s decision would be