Sumitomo Corporation and Mitsubishi Hitachi Power Systems, Ltd. (hereinafter "MHPS") signed an engineering, procurement and construction (EPC) contract with Societe Tunisienne de l'Electricite et du Gaz (STEG) for a gas-fired combined cycle power plant (hereinafter, the "Power Plant") with a generation capacity of 450 MW in Rades, in Ben Arous Governorate, the Tunisian Republic. The Power Plant construction site is located about 10 km east of the Tunisian capital, Tunis. After the start of its operation, it is expected to provide about 10% of the country's total power generating capacity. The power plant will adopt gas turbine combined cycle (GTCC) generation, which is highly efficient with less greenhouse gases, and aims to start with gas turbine initial operation in May 2019, with combined cycle full operation starting in April 2020. The project cost is approximately 38 billion yen, which is financed by the Japanese Official Development Assistant (ODA) organized by the Japan International Cooperation Agency (JICA). In constructing the Power Plant, Sumitomo Corporation will provide balance of plant and undertake civil and installation work. MHPS will provide a M701F gas turbine, a heat recovery steam generator and a steam turbine, and dispatch technical advisors and supervisors to support during the installation and commissioning periods. Mitsubishi Electric Corporation will provide generators. At the same time, MHPS's European subsidiary signed a six-year maintenance contract.