BWSC Malta one of Mitsui’s major subsidiaries

During the meeting Mitsui told its shareholders: “Such companies as BWSC Malta Ltd…. were newly established during the term (April 2009 – March 2010) are included in consolidated subsidiaries.”

The shareholders were told that although many countries are passing through a recession and business was down, Burmeister & Wain Scandinavian Contractor (BWSC) that is owned by MESCO and extends engineering service for diesel engines worldwide, achieved their planned figures during last year. Even the company’s principal licensing partner to build diesel engines for power stations – MAN Diesel & Turbo SE did well.

BWSC Malta Ltd controversially won the contract for the extension of the power station at Delimara worth €210 million.

When the bidding process started both BWSC and MAN did not qualify to supply the new plant as existing environmental laws and government’s policy excluded them but the tendering document was written in such a way to let them bid as steps were being taken to change to their advantage environmental regulations and policies that had excluded plants powered by heavy fuel oil. In fact by the end of the procurement process all the necessary changes were implemented to enable them to qualify and to be placed first and second to be awarded the contract with MES the ultimate beneficiary.