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	<title>Asiagreed.info &#187; Asiagreed</title>
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	<description>Asiagreed Business Consulting (Beijing) Co. ltd - Project Information</description>
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		<title>One of the biggest doors producers of China is seeking partners</title>
		<link>http://en.asiagreed.info/2009/08/04/one-of-the-biggest-doors-producers-of-china-seeking-cooperation/</link>
		<comments>http://en.asiagreed.info/2009/08/04/one-of-the-biggest-doors-producers-of-china-seeking-cooperation/#comments</comments>
		<pubDate>Tue, 04 Aug 2009 11:05:15 +0000</pubDate>
		<dc:creator>Asiagreed</dc:creator>
				<category><![CDATA[Manufacturing]]></category>
		<category><![CDATA[furniture]]></category>
		<category><![CDATA[wooden doors]]></category>

		<guid isPermaLink="false">http://en.asiagreed.info/?p=129</guid>
		<description><![CDATA[&#160;
One of the biggest wooden doors producers of China is seeking international OEM orders and international distribution partners in the world.
Basic information about the enterprise:

The company was founded in 1999, for now is one of the biggest wooden doors producers in China.
The company has about 2000 workers in 12 factories in Beijing and more than [...]]]></description>
			<content:encoded><![CDATA[<p>&nbsp;</p>
<p>One of the biggest wooden doors producers of China is seeking international OEM orders and international distribution partners in the world.</p>
<p>Basic information about the enterprise:</p>
<ul>
<li>The company was founded in 1999, for now is one of the biggest wooden doors producers in China.</li>
<li>The company has about 2000 workers in 12 factories in Beijing and more than 200 sell agents &amp; speciality stores in China.</li>
<li>The company can provide all kinds of services about wooden doors industry, including design, research, manufacture, sale, and other services.</li>
<li>The main market of the company is China mainland, and the products are sold in North America, European Union, and Australia.</li>
<li>The products of this company are a large range of styles of wooden doors, and they can develope any special doors on cliet&#8217;s demand.</li>
</ul>
<p>&nbsp;<strong>Photos:</strong> 
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		<item>
		<title>2&#215;15 MW Biomass Power Generation Project</title>
		<link>http://en.asiagreed.info/2009/07/24/2x15-mw-biomass-power-generation-project/</link>
		<comments>http://en.asiagreed.info/2009/07/24/2x15-mw-biomass-power-generation-project/#comments</comments>
		<pubDate>Fri, 24 Jul 2009 14:29:42 +0000</pubDate>
		<dc:creator>Asiagreed</dc:creator>
				<category><![CDATA[Financing]]></category>
		<category><![CDATA[CDM project]]></category>

		<guid isPermaLink="false">http://en.asiagreed.info/?p=124</guid>
		<description><![CDATA[








 




Description:
The proposed project concerns the construction and operation of a 2&#215;15 MW Greenfield biomassfired power generation facility in the southwest of China. The project involves the construction and operation of two boilers which will be matched with 15 MW steam turbine / generator sets.
The project involves the generation of electricity by burning previously unutilized [...]]]></description>
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<p align="left" class="MsoNormal" style="text-align: left;"><b style=""><span lang="EN-US" style="font-family: Arial;">Description:<o:p></o:p></span></b></p>
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">The proposed project concerns the construction and operation of a 2&#215;15 MW Greenfield biomassfired power generation facility in the southwest of <st1:country-region w:st="on"><st1:place w:st="on">China</st1:place></st1:country-region>. The project involves the construction and operation of two boilers which will be matched with 15 MW steam turbine / generator sets.<o:p></o:p></span></p>
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">The project involves the generation of electricity by burning previously unutilized biomass collected abundantly available in the surrounding area. The annual amount of electricity provided to the grid is approximately 158,000 MWh. The boilers will be produced and supplied by a leading boiler manufacturer in <st1:country-region w:st="on"><st1:place w:st="on">China</st1:place></st1:country-region>.<o:p></o:p></span></p>
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">Important studies such as the FSR and EIA are completed and the project has been approved by the government. Construction will commence once the financing is secured and the expected commissioning date will follow a year after.<o:p></o:p></span></p>
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">Besides the proposed project, the project developer has a large and interesting biomass project portfolio including several additional investment opportunities that can be discussed.<o:p></o:p></span></p>
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">The equity IRR after tax, calculated over the total equity and including CDM revenues is around 26%.<o:p></o:p></span></p>
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">The project IRR after tax including CDM revenues is approximately 15%. CER revenues are estimated based on 142,369 CERs annually at a CER price of 9EUR/tCO</span><span lang="EN-US" style="font-size: 7pt; font-family: Calibri;">2</span><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">e and an exchange rate of 9.1 CNY/&euro; The project developer is looking for an investor to invest around 56 million RMB in this 215 million RMB project. Investment is in a newly formed SPV.</span><span lang="EN-US" style="font-family: Arial;"><o:p></o:p></span></p>
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-family: Arial;"><o:p>&nbsp;</o:p></span></p>
<p align="left" class="MsoNormal" style="text-align: left;"><b style=""><span lang="EN-US" style="font-family: Arial;">Timing:<o:p></o:p></span></b></p>
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">Construction will commence once the financing is secured and the expected commissioning date will follow 18 months after.</span><span lang="EN-US" style="font-family: Arial;"><o:p></o:p></span></p>
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-family: Arial;"><o:p>&nbsp;</o:p></span></p>
<p align="left" class="MsoNormal" style="text-align: left;"><b style=""><span lang="EN-US" style="font-family: Arial;">Key Financial Parameters:<o:p></o:p></span></b></p>
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<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">Total   investment (RMB) <o:p></o:p></span></p>
</td>
<td width="129" valign="top" style="border-style: solid solid solid none; border-color: windowtext windowtext windowtext -moz-use-text-color; border-width: 1pt 1pt 1pt medium; padding: 0cm 5.4pt; width: 96.7pt;">
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">206,630,000</span><span lang="EN-US" style="font-family: Arial;"><o:p></o:p></span></p>
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<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">Project   IRR (Including CDM, after tax) <o:p></o:p></span></p>
</td>
<td width="129" valign="top" style="border-style: none solid solid none; border-color: -moz-use-text-color windowtext windowtext -moz-use-text-color; border-width: medium 1pt 1pt medium; padding: 0cm 5.4pt; width: 96.7pt;">
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">15%</span><span lang="EN-US" style="font-family: Arial;"><o:p></o:p></span></p>
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<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">Equity   IRR (over total equity, including CDM after taxes) <o:p></o:p></span></p>
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<td width="129" valign="top" style="border-style: none solid solid none; border-color: -moz-use-text-color windowtext windowtext -moz-use-text-color; border-width: medium 1pt 1pt medium; padding: 0cm 5.4pt; width: 96.7pt;">
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">26%</span><span lang="EN-US" style="font-family: Arial;"><o:p></o:p></span></p>
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<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">Pay   Back Period (yrs) including 18 months construction <o:p></o:p></span></p>
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<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">around   7.5</span><span lang="EN-US" style="font-family: Arial;"><o:p></o:p></span></p>
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<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">Non-Convertible   Debt provided by investor (RMB) <o:p></o:p></span></p>
</td>
<td width="129" valign="top" style="border-style: none solid solid none; border-color: -moz-use-text-color windowtext windowtext -moz-use-text-color; border-width: medium 1pt 1pt medium; padding: 0cm 5.4pt; width: 96.7pt;">
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">10,800,000</span><span lang="EN-US" style="font-family: Arial;"><o:p></o:p></span></p>
</td>
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<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">Subordinated   Convertible Debt provided by investor (RMB) <o:p></o:p></span></p>
</td>
<td width="129" valign="top" style="border-style: none solid solid none; border-color: -moz-use-text-color windowtext windowtext -moz-use-text-color; border-width: medium 1pt 1pt medium; padding: 0cm 5.4pt; width: 96.7pt;">
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">26,500,000</span><span lang="EN-US" style="font-family: Arial;"><o:p></o:p></span></p>
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<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">Equity   provided by investor (RMB) </span><span lang="EN-US" style="font-family: Arial;"><o:p></o:p></span></p>
</td>
<td width="129" valign="top" style="border-style: none solid solid none; border-color: -moz-use-text-color windowtext windowtext -moz-use-text-color; border-width: medium 1pt 1pt medium; padding: 0cm 5.4pt; width: 96.7pt;">
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">18,600,000</span><span lang="EN-US" style="font-family: Arial;"><o:p></o:p></span></p>
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<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-family: Arial;"><o:p>&nbsp;</o:p></span></p>
<p align="left" class="MsoNormal" style="text-align: left;"><b style=""><span lang="EN-US" style="font-family: Arial;">Proposed Financial Structure:<o:p></o:p></span></b></p>
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">The following proposed financial structure is subject to further negotiation:<o:p></o:p></span></p>
<ul>
<li><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">65% Chinese Bank debt (10 years, 7% annual interest)<o:p></o:p></span></li>
<li><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">5% Non-convertible debt provided by investor (10 years, 8% annual interest rate)<o:p></o:p></span></li>
<li><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">12.35% Subordinated convertible debt provided by investor (10 years, 8% annual interest rate)<o:p></o:p></span></li>
<li><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">17.65% Equity, of which 51% held by the project developer, and 49% held by the investor<o:p></o:p></span></li>
</ul>
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">The proposed financial structure includes the option to enhance the return by converting the subordinated convertible debt to equity.<o:p></o:p></span></p>
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">The financing structure may be subject to requirements from the Chinese government, depending on the legal status of the investor.<o:p></o:p></span></p>
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">More details and a tailored investment proposal can be discussed.</span><span lang="EN-US" style="font-family: Arial;"><o:p></o:p></span></p>
<p>&nbsp;</p>
]]></content:encoded>
			<wfw:commentRss>http://en.asiagreed.info/2009/07/24/2x15-mw-biomass-power-generation-project/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>20 MW Coal Mine Methane Power Generation Project</title>
		<link>http://en.asiagreed.info/2009/07/24/20-mw-coal-mine-methane-power-generation-project/</link>
		<comments>http://en.asiagreed.info/2009/07/24/20-mw-coal-mine-methane-power-generation-project/#comments</comments>
		<pubDate>Fri, 24 Jul 2009 14:23:00 +0000</pubDate>
		<dc:creator>Asiagreed</dc:creator>
				<category><![CDATA[Financing]]></category>
		<category><![CDATA[CDM project]]></category>

		<guid isPermaLink="false">http://en.asiagreed.info/?p=122</guid>
		<description><![CDATA[








 




Description:
The proposed project concerns the construction and operation of a 40&#215;0.5 MW coal mine methane (CMM) power plant in a coal mine in southwest China. The project includes two phases and for each phase 20 power units will be installed. However, all of the 40 power units can be installed once if the financing [...]]]></description>
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<p align="left" class="MsoNormal" style="text-align: left;"><b style=""><span lang="EN-US" style="font-family: Arial;">Description:<o:p></o:p></span></b></p>
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">The proposed project concerns the construction and operation of a 40&#215;0.5 MW coal mine methane (CMM) power plant in a coal mine in southwest <st1:country-region w:st="on"><st1:place w:st="on">China</st1:place></st1:country-region>. The project includes two phases and for each phase 20 power units will be installed. However, all of the 40 power units can be installed once if the financing is sufficient. The total annual generation amount of the project is 109,200 MWh, of which more than 90% is sold to the public power grid. The power plant will consume 35 million m</span><span lang="EN-US" style="font-size: 7pt; font-family: Calibri;">3 </span><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">of pure CMM annually.<o:p></o:p></span></p>
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">Important studies such as the FSR and EIA are completed and the project has been approved by the government. Construction will commence once the financing is secured and the expected commissioning date will follow a year after.<o:p></o:p></span></p>
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">The equipment will be manufactured and provided by &ldquo;Shengli Oilfield Shengli Power Machinery Co., Ltd.&rdquo;, a leading manufacturer (most experienced in <st1:country-region w:st="on"><st1:place w:st="on">China</st1:place></st1:country-region>) with over 30 years of experience in gas turbine manufacturing. This project has a very attractive expected equity IRR of around 112% (calculated over the total equity, after taxes). In addition, this project has the social and environmental advantages of a new energy project the waste gas.<o:p></o:p></span></p>
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">The project developer can provide 20-30 million RMB and the investors are expected to hold a significant share of equity. Investors are also welcome to provide convertible or nonconvertible loan. The project developer is seeking investors to invest around 22 million RMB in this 84 million RMB project. </span><span lang="EN-US" style="font-size: 10pt; font-family: Calibri;">Investment is in a newly formed SPV.</span><span lang="EN-US" style="font-family: Arial;"><o:p></o:p></span></p>
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-family: Arial;"><o:p>&nbsp;</o:p></span></p>
<p align="left" class="MsoNormal" style="text-align: left;"><b style=""><span lang="EN-US" style="font-family: Arial;">Timing:<o:p></o:p></span></b></p>
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">Construction will commence once the financing is secured and the expected commissioning date will follow a year after.</span><span lang="EN-US" style="font-family: Arial;"><o:p></o:p></span></p>
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-family: Arial;"><o:p>&nbsp;</o:p></span></p>
<p align="left" class="MsoNormal" style="text-align: left;"><b style=""><span lang="EN-US" style="font-family: Arial;">Key Financial Parameters:<o:p></o:p></span></b></p>
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<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">Total   investment excluding rolledup interest (RMB) <o:p></o:p></span></p>
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<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">80,290,300<o:p></o:p></span></p>
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<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">Equity   IRR (over total equity, after taxes) <o:p></o:p></span></p>
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<td width="153" valign="top" style="border-style: none solid solid none; border-color: -moz-use-text-color windowtext windowtext -moz-use-text-color; border-width: medium 1pt 1pt medium; padding: 0cm 5.4pt; width: 114.7pt;">
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">112%<o:p></o:p></span></p>
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<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">Project   IRR (after taxes) <o:p></o:p></span></p>
</td>
<td width="153" valign="top" style="border-style: none solid solid none; border-color: -moz-use-text-color windowtext windowtext -moz-use-text-color; border-width: medium 1pt 1pt medium; padding: 0cm 5.4pt; width: 114.7pt;">
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">42%<o:p></o:p></span></p>
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<td width="415" valign="top" style="border-style: none solid solid; border-color: -moz-use-text-color windowtext windowtext; border-width: medium 1pt 1pt; padding: 0cm 5.4pt; width: 311.4pt;">
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">Pay   Back Period (yrs) including construction <o:p></o:p></span></p>
</td>
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<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">around   3<o:p></o:p></span></p>
</td>
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<tr style="">
<td width="415" valign="top" style="border-style: none solid solid; border-color: -moz-use-text-color windowtext windowtext; border-width: medium 1pt 1pt; padding: 0cm 5.4pt; width: 311.4pt;">
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">Non-Convertible   Debt provided by investor (RMB) <o:p></o:p></span></p>
</td>
<td width="153" valign="top" style="border-style: none solid solid none; border-color: -moz-use-text-color windowtext windowtext -moz-use-text-color; border-width: medium 1pt 1pt medium; padding: 0cm 5.4pt; width: 114.7pt;">
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">4,200,000<o:p></o:p></span></p>
</td>
</tr>
<tr style="">
<td width="415" valign="top" style="border-style: none solid solid; border-color: -moz-use-text-color windowtext windowtext; border-width: medium 1pt 1pt; padding: 0cm 5.4pt; width: 311.4pt;">
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">Subordinated   Convertible Debt provided by investor (RMB) <o:p></o:p></span></p>
</td>
<td width="153" valign="top" style="border-style: none solid solid none; border-color: -moz-use-text-color windowtext windowtext -moz-use-text-color; border-width: medium 1pt 1pt medium; padding: 0cm 5.4pt; width: 114.7pt;">
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">10,400,000<o:p></o:p></span></p>
</td>
</tr>
<tr style="">
<td width="415" valign="top" style="border-style: none solid solid; border-color: -moz-use-text-color windowtext windowtext; border-width: medium 1pt 1pt; padding: 0cm 5.4pt; width: 311.4pt;">
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">Equity   provided by investor (RMB) </span><span lang="EN-US" style="font-family: Arial;"><o:p></o:p></span></p>
</td>
<td width="153" valign="top" style="border-style: none solid solid none; border-color: -moz-use-text-color windowtext windowtext -moz-use-text-color; border-width: medium 1pt 1pt medium; padding: 0cm 5.4pt; width: 114.7pt;">
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">7,300,000<o:p></o:p></span></p>
</td>
</tr>
</tbody>
</table>
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-family: Arial;"><o:p>&nbsp;</o:p></span></p>
<p align="left" class="MsoNormal" style="text-align: left;"><b style=""><span lang="EN-US" style="font-family: Arial;">Proposed Financial Structure:<o:p></o:p></span></b></p>
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">The following proposed financial structure is subject to further negotiation:<o:p></o:p></span></p>
<ul>
<li><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">65% Chinese Bank debt (10 years, 7% annual interest)<o:p></o:p></span></li>
<li><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">5% Non-convertible debt provided by investor (10 years, 8% annual interest rate)<o:p></o:p></span></li>
<li><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">12.35% Subordinated convertible debt provided by investor (10 years, 8% annual interest rate)<o:p></o:p></span></li>
<li><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">17.65% Equity, of which 51% held by the project developer, and 49% held by the investor<o:p></o:p></span></li>
</ul>
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">The proposed financial structure includes the option to enhance the return by converting the subordinated convertible debt to equity.<o:p></o:p></span></p>
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">The financing structure may be subject to requirements from the Chinese government, depending on the legal status of the investor.<o:p></o:p></span></p>
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">More details and a tailored investment proposal can be discussed.</span></p>
<p align="left" class="MsoNormal" style="text-align: left;">&nbsp;</p>
<p align="left" class="MsoNormal" style="text-align: left;">&nbsp;</p>
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-family: Arial;"><o:p></o:p></span></p>
<p>&nbsp;</p>
]]></content:encoded>
			<wfw:commentRss>http://en.asiagreed.info/2009/07/24/20-mw-coal-mine-methane-power-generation-project/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>25 MW Landfill Gas Project</title>
		<link>http://en.asiagreed.info/2009/07/24/25-mw-landfill-gas-project/</link>
		<comments>http://en.asiagreed.info/2009/07/24/25-mw-landfill-gas-project/#comments</comments>
		<pubDate>Fri, 24 Jul 2009 14:15:25 +0000</pubDate>
		<dc:creator>Asiagreed</dc:creator>
				<category><![CDATA[Financing]]></category>
		<category><![CDATA[CDM project]]></category>

		<guid isPermaLink="false">http://en.asiagreed.info/?p=120</guid>
		<description><![CDATA[








 




Description:
The proposed project concerns the construction and operation of a 25 MW landfill gas (LFG) project located in China. The project will generate and supply electricity to the grid.
The project is located at an existing landfill, and one 5 MW engine has been installed and the LFG venting infrastructure is in place. Planned construction [...]]]></description>
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<p align="left" class="MsoNormal" style="text-align: left;"><b style=""><span lang="EN-US" style="font-family: Arial;">Description:<o:p></o:p></span></b></p>
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">The proposed project concerns the construction and operation of a 25 MW landfill gas (LFG) project located in <st1:country-region w:st="on"><st1:place w:st="on">China</st1:place></st1:country-region>. The project will generate and supply electricity to the grid.<o:p></o:p></span></p>
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">The project is located at an existing landfill, and one 5 MW engine has been installed and the LFG venting infrastructure is in place. Planned construction of additional capacity includes three 5MW engines for an immediate capacity increase, and one 5MW engine addition in around 2 years to make full use of available LFG will occur once financing is secured.<o:p></o:p></span></p>
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">The project has successfully implemented its 1</span><sup><span lang="EN-US" style="font-size: 7pt; font-family: Calibri;">st</span></sup><span lang="EN-US" style="font-size: 7pt; font-family: Calibri;"> </span><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">phase and the additional capacity is expected to be equally successful. The gas turbines are all 5MW Jenbacher Austrian LFG engines (the engines are to be supplied by GE under the Austrian designed &lsquo;Jenbacher&rsquo; line), which are of high quality and reliability.<o:p></o:p></span></p>
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">This project has an attractive expected IRR of around 26% (after taxes). In addition, this project has the strong environmental advantages of being a clean energy project.<o:p></o:p></span></p>
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">The project developer is seeking investors to take over the project and install additional capacity. Investment would be into an established SPV.</span><span lang="EN-US" style="font-family: Arial;"><o:p></o:p></span></p>
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-family: Arial;"><o:p>&nbsp;</o:p></span></p>
<p align="left" class="MsoNormal" style="text-align: left;"><b style=""><span lang="EN-US" style="font-family: Arial;">Timing:<o:p></o:p></span></b></p>
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">The project is partly operational already. Construction of additional capacity can be initiated once financing has been secured. The project has a projected lifetime of 21 years.</span><span lang="EN-US" style="font-family: Arial;"><o:p></o:p></span></p>
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-family: Arial;"><o:p>&nbsp;</o:p></span></p>
<p align="left" class="MsoNormal" style="text-align: left;"><b style=""><span lang="EN-US" style="font-family: Arial;">Key Financial Parameters:<o:p></o:p></span></b></p>
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<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">Total   investment excluding rolledup interest (RMB) </span><span lang="EN-US" style="font-size: 10pt; font-family: Calibri;"><o:p></o:p></span></p>
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<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 10pt; font-family: Calibri;">59,000,000</span><span lang="EN-US" style="font-family: Arial;"><o:p></o:p></span></p>
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<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">IRR   (100% equity financing assumed, calculated after taxes)<o:p></o:p></span></p>
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<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">26%</span><span lang="EN-US" style="font-family: Arial;"><o:p></o:p></span></p>
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<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">Pay   Back Period (yrs) including construction period </span><span lang="EN-US" style="font-family: Arial;"><o:p></o:p></span></p>
</td>
<td width="165" valign="top" style="border-style: none solid solid none; border-color: -moz-use-text-color windowtext windowtext -moz-use-text-color; border-width: medium 1pt 1pt medium; padding: 0cm 5.4pt; width: 123.7pt;">
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">5</span><span lang="EN-US" style="font-family: Arial;"><o:p></o:p></span></p>
</td>
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<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-family: Arial;"><o:p>&nbsp;</o:p></span></p>
<p align="left" class="MsoNormal" style="text-align: left;"><b style=""><span lang="EN-US" style="font-family: Arial;">Proposed Financial Structure:<o:p></o:p></span></b></p>
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">This project is available for outright sale, with a 100% ownership stake.<o:p></o:p></span></p>
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">The existing project and infrastructure are available for an investment of 35 million RMB. An additional 18 million RMB is required for the immediate installation of three 5MW engines, and an additional 6 million RMB will be required later in the project lifetime for an additional 5MW engine.<o:p></o:p></span></p>
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">The financial structure is open to negotiation. Additionally, the investor is free to decide on any debt / equity ratio he prefers in order to fill the investment amount.<o:p></o:p></span></p>
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">The financing structure may be subject to requirements from the Chinese government, depending on the legal status of the investor. More details and a tailored investment proposal can be discussed.</span><span lang="EN-US" style="font-family: Arial;"><o:p></o:p></span></p>
<p>&nbsp;</p>
]]></content:encoded>
			<wfw:commentRss>http://en.asiagreed.info/2009/07/24/25-mw-landfill-gas-project/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>50 MW Wind Park</title>
		<link>http://en.asiagreed.info/2009/07/24/50-mw-wind-park/</link>
		<comments>http://en.asiagreed.info/2009/07/24/50-mw-wind-park/#comments</comments>
		<pubDate>Fri, 24 Jul 2009 14:08:17 +0000</pubDate>
		<dc:creator>Asiagreed</dc:creator>
				<category><![CDATA[Financing]]></category>
		<category><![CDATA[CDM project]]></category>

		<guid isPermaLink="false">http://en.asiagreed.info/?p=117</guid>
		<description><![CDATA[








 




Description:
The proposed project concerns the construction and operation of a 50 MW wind park in China, which will generate and supply electricity to the grid. An initial 30MW (Stage I) of this project has already successfully been established, and an additional 20MW (Stage II) is to follow.
This project has an attractive expected equity IRR [...]]]></description>
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<p align="left" class="MsoNormal" style="text-align: left;"><b style=""><span lang="EN-US" style="font-family: Arial;">Description:<o:p></o:p></span></b></p>
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">The proposed project concerns the construction and operation of a 50 MW wind park in <st1:country-region w:st="on"><st1:place w:st="on">China</st1:place></st1:country-region>, which will generate and supply electricity to the grid. An initial 30MW (Stage I) of this project has already successfully been established, and an additional 20MW (Stage II) is to follow.<o:p></o:p></span></p>
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">This project has an attractive expected equity IRR of around 17% (calculated over the total equity, after taxes). In addition, this project has the strong environmental advantages of being a clean energy project.<o:p></o:p></span></p>
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">The equipment manufacturer and supplier, Xinjiang Goldwind Science and Technology Co. Ltd., is one of <st1:country-region w:st="on"><st1:place w:st="on">China</st1:place></st1:country-region>&rsquo;s leading wind turbine manufacturers, and also supplied the turbines for the 1</span><span lang="EN-US" style="font-size: 7pt; font-family: Calibri;">st </span><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">stage.<o:p></o:p></span></p>
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">The project developer is seeking for investors to invest around 105 million in this 401 million RMB project. Investment would be in the established SPV, which includes also the earlier implemented 1</span><span lang="EN-US" style="font-size: 7pt; font-family: Calibri;">st </span><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">stage wind park.<o:p></o:p></span></p>
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">This project developer has obtained the right for a number of projects in the same regions and is looking to initiate additional Wind farms projects.<o:p></o:p></span></p>
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">Several investment opportunities exist and can be discussed with this project developer. We invite you to make inquiries regarding similar projects.</span><span lang="EN-US" style="font-family: Arial;"><o:p></o:p></span></p>
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-family: Arial;"><o:p>&nbsp;</o:p></span></p>
<p align="left" class="MsoNormal" style="text-align: left;"><b style=""><span lang="EN-US" style="font-family: Arial;">Timing:<o:p></o:p></span></b></p>
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">Construction will begin once financing has been secured. The estimated timeline is the following:<o:p></o:p></span></p>
<ul>
<li><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">Year 1: Construction period<o:p></o:p></span></li>
<li><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">Years 2 &ndash; 21: Operational period</span><span lang="EN-US" style="font-family: Arial;"><o:p></o:p></span></li>
</ul>
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-family: Arial;"><o:p>&nbsp;</o:p></span></p>
<p align="left" class="MsoNormal" style="text-align: left;"><b style=""><span lang="EN-US" style="font-family: Arial;">Key Financial Parameters:<o:p></o:p></span></b></p>
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<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">Total   investment excluding rolledup interest (RMB) <o:p></o:p></span></p>
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<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">381,763,600</span><span lang="EN-US" style="font-family: Arial;"><o:p></o:p></span></p>
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<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">Equity   IRR (over total equity, after taxes) <o:p></o:p></span></p>
</td>
<td width="129" valign="top" style="border-style: none solid solid none; border-color: -moz-use-text-color windowtext windowtext -moz-use-text-color; border-width: medium 1pt 1pt medium; padding: 0cm 5.4pt; width: 96.7pt;">
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">17%</span><span lang="EN-US" style="font-family: Arial;"><o:p></o:p></span></p>
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<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">Project   IRR (after taxes) <o:p></o:p></span></p>
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<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">13%</span><span lang="EN-US" style="font-family: Arial;"><o:p></o:p></span></p>
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<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">Pay   Back Period (yrs) including construction period <o:p></o:p></span></p>
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<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">&lt;8</span><span lang="EN-US" style="font-family: Arial;"><o:p></o:p></span></p>
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<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">Non-Convertible   Debt provided by investor (RMB) <o:p></o:p></span></p>
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<td width="129" valign="top" style="border-style: none solid solid none; border-color: -moz-use-text-color windowtext windowtext -moz-use-text-color; border-width: medium 1pt 1pt medium; padding: 0cm 5.4pt; width: 96.7pt;">
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">20,000,000</span><span lang="EN-US" style="font-family: Arial;"><o:p></o:p></span></p>
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<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">Subordinated   Convertible Debt provided by investor (RMB) <o:p></o:p></span></p>
</td>
<td width="129" valign="top" style="border-style: none solid solid none; border-color: -moz-use-text-color windowtext windowtext -moz-use-text-color; border-width: medium 1pt 1pt medium; padding: 0cm 5.4pt; width: 96.7pt;">
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">49,500,000</span><span lang="EN-US" style="font-family: Arial;"><o:p></o:p></span></p>
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<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">Equity   provided by investor (RMB) </span><span lang="EN-US" style="font-family: Arial;"><o:p></o:p></span></p>
</td>
<td width="129" valign="top" style="border-style: none solid solid none; border-color: -moz-use-text-color windowtext windowtext -moz-use-text-color; border-width: medium 1pt 1pt medium; padding: 0cm 5.4pt; width: 96.7pt;">
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">35,700,000</span><span lang="EN-US" style="font-family: Arial;"><o:p></o:p></span></p>
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<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-family: Arial;"><o:p>&nbsp;</o:p></span></p>
<p align="left" class="MsoNormal" style="text-align: left;"><b style=""><span lang="EN-US" style="font-family: Arial;">Proposed Financial Structure:<o:p></o:p></span></b></p>
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">The following proposed financial structure is subject to further negotiation:<o:p></o:p></span></p>
<ul>
<li><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">65% Chinese Bank debt (12 years, 7% annual interest)<o:p></o:p></span></li>
<li><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">5% Non-convertible debt provided by investor (10 years, 8% annual interest rate<o:p></o:p></span></li>
<li><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">12.35% Subordinated convertible debt provided by investor (10 years, 8% annual interest rate)<o:p></o:p></span></li>
<li><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">17.65% Equity, of which 51% held by the project developer, and 49% held by the investor<o:p></o:p></span></li>
</ul>
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">The proposed financial structure includes the option to enhance the return by converting the subordinated convertible debt to equity.<o:p></o:p></span></p>
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">The financing structure may be subject to requirements from the Chinese government, depending on the legal status of the investor.<o:p></o:p></span></p>
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">More details and a tailored investment proposal can be discussed.</span></p>
<p align="left" class="MsoNormal" style="text-align: left;">&nbsp;</p>
<p align="left" class="MsoNormal" style="text-align: left;">&nbsp;</p>
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-family: Arial;"><o:p></o:p></span></p>
<p>&nbsp;</p>
]]></content:encoded>
			<wfw:commentRss>http://en.asiagreed.info/2009/07/24/50-mw-wind-park/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>6 MW Cement Waste Heat Recovery Project</title>
		<link>http://en.asiagreed.info/2009/07/24/6-mw-cement-waste-heat-recovery-project/</link>
		<comments>http://en.asiagreed.info/2009/07/24/6-mw-cement-waste-heat-recovery-project/#comments</comments>
		<pubDate>Fri, 24 Jul 2009 14:00:38 +0000</pubDate>
		<dc:creator>Asiagreed</dc:creator>
				<category><![CDATA[Financing]]></category>
		<category><![CDATA[CDM project]]></category>

		<guid isPermaLink="false">http://en.asiagreed.info/?p=115</guid>
		<description><![CDATA[









Description:
The proposed project concerns the construction and operation of a 6 MW Waste Heat Recovery (WHR) system at a cement plant China, in order to generate electricity. The cement facility will implement a 6 MW and a 9 MW WHR system in two phases. This project centres around Phase 1, after the successful implementation of [...]]]></description>
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<p align="left" style="text-align: left;" class="MsoNormal"><b style=""><span lang="EN-US" style="font-family: Arial;">Description:<o:p></o:p></span></b></p>
<p align="left" style="text-align: left;" class="MsoNormal"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">The proposed project concerns the construction and operation of a 6 MW Waste Heat Recovery (WHR) system at a cement plant <st1:country-region w:st="on"><st1:place w:st="on">China</st1:place></st1:country-region>, in order to generate electricity. The cement facility will implement a 6 MW and a 9 MW WHR system in two phases. This project centres around Phase 1, after the successful implementation of which is potential for involvement in Phase 2. The generated electricity will be used for captive purposes (cement facilities).<o:p></o:p></span></p>
<p align="left" style="text-align: left;" class="MsoNormal"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">The Project approval and bank loan approval are granted, equipment purchase agreements are in place and studies such the FSR and EIA are issued and approved. The construction period is from October 2008 until July 2009.<o:p></o:p></span></p>
<p align="left" style="text-align: left;" class="MsoNormal"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">The Chinese project developer is specialized and experienced in cement production. Main technology (i.e. boilers) will be supplied by &ldquo;Hangzhou Boiler Group Co., Ltd.&rdquo;, specialized in the production of WHR boilers and an experienced manufacturer with a history of over 30 years of successful boiler manufacturing. This project has an attractive expected equity IRR of 35% (calculated over the total equity, after taxes). In addition, this project has environmental advantages of efficiency improvements.<o:p></o:p></span></p>
<p align="left" style="text-align: left;" class="MsoNormal"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">The project developer is seeking investment in equity and potentially debt in this 43 million RMB project. Investment could be in a newly formed SPV.</span><span lang="EN-US" style="font-family: Arial;"><o:p></o:p></span></p>
<p align="left" style="text-align: left;" class="MsoNormal"><span lang="EN-US" style="font-family: Arial;"><o:p>&nbsp;</o:p></span></p>
<p align="left" style="text-align: left;" class="MsoNormal"><b style=""><span lang="EN-US" style="font-family: Arial;">Timing:<o:p></o:p></span></b></p>
<p align="left" style="text-align: left;" class="MsoNormal"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">The construction activities have started and the project is expected to be fully operational before the end of 2009. The project lifetime is expected to be around 15 years.</span><span lang="EN-US" style="font-family: Arial;"><o:p></o:p></span></p>
<p align="left" style="text-align: left;" class="MsoNormal"><span lang="EN-US" style="font-family: Arial;"><o:p>&nbsp;</o:p></span></p>
<p align="left" style="text-align: left;" class="MsoNormal"><b style=""><span lang="EN-US" style="font-family: Arial;">Key Financial Parameters:<o:p></o:p></span></b></p>
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<p align="left" style="text-align: left;" class="MsoNormal"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">Total   investment excluding rolledup interest (RMB) <o:p></o:p></span></p>
</td>
<td width="129" valign="top" style="border-style: solid solid solid none; border-color: windowtext windowtext windowtext -moz-use-text-color; border-width: 1pt 1pt 1pt medium; padding: 0cm 5.4pt; width: 96.7pt;">
<p align="left" style="text-align: left;" class="MsoNormal"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">42,110,000</span><span lang="EN-US" style="font-family: Arial;"><o:p></o:p></span></p>
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<p align="left" style="text-align: left;" class="MsoNormal"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">Equity   IRR (over total equity, after taxes) <o:p></o:p></span></p>
</td>
<td width="129" valign="top" style="border-style: none solid solid none; border-color: -moz-use-text-color windowtext windowtext -moz-use-text-color; border-width: medium 1pt 1pt medium; padding: 0cm 5.4pt; width: 96.7pt;">
<p align="left" style="text-align: left;" class="MsoNormal"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">38.3%</span><span lang="EN-US" style="font-family: Arial;"><o:p></o:p></span></p>
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<p align="left" style="text-align: left;" class="MsoNormal"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">Project   IRR (after taxes) <o:p></o:p></span></p>
</td>
<td width="129" valign="top" style="border-style: none solid solid none; border-color: -moz-use-text-color windowtext windowtext -moz-use-text-color; border-width: medium 1pt 1pt medium; padding: 0cm 5.4pt; width: 96.7pt;">
<p align="left" style="text-align: left;" class="MsoNormal"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">20.9%</span><span lang="EN-US" style="font-family: Arial;"><o:p></o:p></span></p>
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<p align="left" style="text-align: left;" class="MsoNormal"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">Pay   Back Period (yrs) including construction period <o:p></o:p></span></p>
</td>
<td width="129" valign="top" style="border-style: none solid solid none; border-color: -moz-use-text-color windowtext windowtext -moz-use-text-color; border-width: medium 1pt 1pt medium; padding: 0cm 5.4pt; width: 96.7pt;">
<p align="left" style="text-align: left;" class="MsoNormal"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">&lt;6</span><span lang="EN-US" style="font-family: Arial;"><o:p></o:p></span></p>
</td>
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<p align="left" style="text-align: left;" class="MsoNormal"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">Non-Convertible   Debt provided by investor (RMB) <o:p></o:p></span></p>
</td>
<td width="129" valign="top" style="border-style: none solid solid none; border-color: -moz-use-text-color windowtext windowtext -moz-use-text-color; border-width: medium 1pt 1pt medium; padding: 0cm 5.4pt; width: 96.7pt;">
<p align="left" style="text-align: left;" class="MsoNormal"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">2,160,000</span><span lang="EN-US" style="font-family: Arial;"><o:p></o:p></span></p>
</td>
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<p align="left" style="text-align: left;" class="MsoNormal"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">Equity   provided by investor (RMB) </span><span lang="EN-US" style="font-family: Arial;"><o:p></o:p></span></p>
</td>
<td width="129" valign="top" style="border-style: none solid solid none; border-color: -moz-use-text-color windowtext windowtext -moz-use-text-color; border-width: medium 1pt 1pt medium; padding: 0cm 5.4pt; width: 96.7pt;">
<p align="left" style="text-align: left;" class="MsoNormal"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">9,060,000</span><span lang="EN-US" style="font-family: Arial;"><o:p></o:p></span></p>
</td>
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</tbody>
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<p align="left" style="text-align: left;" class="MsoNormal"><span lang="EN-US" style="font-family: Arial;"><o:p>&nbsp;</o:p></span></p>
<p align="left" style="text-align: left;" class="MsoNormal"><b style=""><span lang="EN-US" style="font-family: Arial;">Proposed Financial Structure:<o:p></o:p></span></b></p>
<p align="left" style="text-align: left;" class="MsoNormal"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">The following proposed financial structure is subject to further negotiation:<o:p></o:p></span></p>
<ul>
<li><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">65% Chinese Bank debt (10 years, 7% annual interest)<o:p></o:p></span></li>
<li><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">5% Non-convertible debt provided by investor (10 years, 8% annual interest rate)<o:p></o:p></span></li>
<li><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">30% Equity, of which 30% held by the project developer, and 70% held by the investor<o:p></o:p></span></li>
</ul>
<p align="left" style="text-align: left;" class="MsoNormal"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">In addition to the financing structure above, there is also the possibility for the investor to become the sole equity share holder and operate the project for a number of years under an ESCO type arrangement which would need to be negotiated with the Chinese developer.<o:p></o:p></span></p>
<p align="left" style="text-align: left;" class="MsoNormal"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">The financing structure may be subject to requirements from the Chinese government, depending on the legal status of the investors.<o:p></o:p></span></p>
<p align="left" style="text-align: left;" class="MsoNormal"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">Investors are welcome to propose and discuss their own preferred structures.</span><span lang="EN-US" style="font-family: Arial;"><o:p></o:p></span></p></p>
]]></content:encoded>
			<wfw:commentRss>http://en.asiagreed.info/2009/07/24/6-mw-cement-waste-heat-recovery-project/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Efficient Energy Provision in Industrial Paper Mill Park</title>
		<link>http://en.asiagreed.info/2009/07/24/efficient-energy-provision-in-industrial-paper-mill-park/</link>
		<comments>http://en.asiagreed.info/2009/07/24/efficient-energy-provision-in-industrial-paper-mill-park/#comments</comments>
		<pubDate>Fri, 24 Jul 2009 13:52:18 +0000</pubDate>
		<dc:creator>Asiagreed</dc:creator>
				<category><![CDATA[Financing]]></category>
		<category><![CDATA[CDM project]]></category>

		<guid isPermaLink="false">http://en.asiagreed.info/?p=112</guid>
		<description><![CDATA[








 




Description:
The proposed project concerns the construction and operation of a 50MW coal-fired cogeneration plant (generating 357,000 MWh electricity annually, and producing 6,257,790 GJ heat annually) in a centralized industrial paper mill park located in Wuzhong City, Ningxia Autonomous Region, in China. The project will replace old and inefficient small-scale heat boilers and grid electricity [...]]]></description>
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<p align="left" class="MsoNormal" style="text-align: left;"><b style=""><span lang="EN-US" style="font-family: Arial;">Description:<o:p></o:p></span></b></p>
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">The proposed project concerns the construction and operation of a 50MW coal-fired cogeneration plant (generating 357,000 MWh electricity annually, and producing 6,257,790 GJ heat annually) in a centralized industrial paper mill park located in <st1:placename w:st="on">Wuzhong</st1:placename> <st1:placetype w:st="on">City</st1:placetype>, Ningxia Autonomous Region, in <st1:country-region w:st="on"><st1:place w:st="on">China</st1:place></st1:country-region>. The project will replace old and inefficient small-scale heat boilers and grid electricity consumption by the paper mills, realizing significant efficiency improvements in the provision of energy.<o:p></o:p></span></p>
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">The proposed cogeneration plant is designed by &ldquo;Liaoning High-Tech Energy Cogeneration Design Institute&rdquo;, which holds the second ranked qualification for cogeneration plant design in <st1:country-region w:st="on"><st1:place w:st="on">China</st1:place></st1:country-region>.<o:p></o:p></span></p>
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">Important approvals are granted, agreements are in place and studies such as the FSR and EIA are issued and approved. Construction will commence once financing is secured and the expected commissioning date follows 12 months after.<o:p></o:p></span></p>
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">The project has an attractive expected equity IRR of 55% (calculated over the total equity, after taxes). In addition, this project has environmental advantages of significant energy provision improvements.<o:p></o:p></span></p>
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">The project developer is seeking an investment of 109 million RMB in this 420 million RMB project (investment in a newly formed SPV).</span><span lang="EN-US" style="font-family: Arial;"><o:p></o:p></span></p>
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-family: Arial;"><o:p>&nbsp;</o:p></span></p>
<p align="left" class="MsoNormal" style="text-align: left;"><b style=""><span lang="EN-US" style="font-family: Arial;">Timing:<o:p></o:p></span></b></p>
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">The construction will start once financing has been secured. After a 12 months construction period, the plant is expected to be operational for 20years.<o:p></o:p></span></p>
<ul>
<li><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">Year 1: 12 month construction period<o:p></o:p></span></li>
<li><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">Year 2 &#8211; 21: Operational period</span><span lang="EN-US" style="font-family: Arial;"><o:p></o:p></span></li>
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<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-family: Arial;"><o:p>&nbsp;</o:p></span></p>
<p align="left" class="MsoNormal" style="text-align: left;"><b style=""><span lang="EN-US" style="font-family: Arial;">Key Financial Parameters:<o:p></o:p></span></b></p>
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<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">Total   investment excluding rolledup interest (RMB) <o:p></o:p></span></p>
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<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">408,600,000</span><span lang="EN-US" style="font-family: Arial;"><o:p></o:p></span></p>
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<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">Equity   IRR (over total equity, after taxes) <o:p></o:p></span></p>
</td>
<td width="141" valign="top" style="border-style: none solid solid none; border-color: -moz-use-text-color windowtext windowtext -moz-use-text-color; border-width: medium 1pt 1pt medium; padding: 0cm 5.4pt; width: 105.7pt;">
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">55%</span><span lang="EN-US" style="font-family: Arial;"><o:p></o:p></span></p>
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<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">Project   IRR (after taxes) <o:p></o:p></span></p>
</td>
<td width="141" valign="top" style="border-style: none solid solid none; border-color: -moz-use-text-color windowtext windowtext -moz-use-text-color; border-width: medium 1pt 1pt medium; padding: 0cm 5.4pt; width: 105.7pt;">
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">24%</span><span lang="EN-US" style="font-family: Arial;"><o:p></o:p></span></p>
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<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">Pay   Back Period (yrs) including construction period <o:p></o:p></span></p>
</td>
<td width="141" valign="top" style="border-style: none solid solid none; border-color: -moz-use-text-color windowtext windowtext -moz-use-text-color; border-width: medium 1pt 1pt medium; padding: 0cm 5.4pt; width: 105.7pt;">
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">4</span><span lang="EN-US" style="font-family: Arial;"><o:p></o:p></span></p>
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</tr>
<tr style="">
<td width="427" valign="top" style="border-style: none solid solid; border-color: -moz-use-text-color windowtext windowtext; border-width: medium 1pt 1pt; padding: 0cm 5.4pt; width: 320.4pt;">
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">Non-Convertible   Debt provided by investor (RMB) <o:p></o:p></span></p>
</td>
<td width="141" valign="top" style="border-style: none solid solid none; border-color: -moz-use-text-color windowtext windowtext -moz-use-text-color; border-width: medium 1pt 1pt medium; padding: 0cm 5.4pt; width: 105.7pt;">
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">21,   000,000</span><span lang="EN-US" style="font-family: Arial;"><o:p></o:p></span></p>
</td>
</tr>
<tr style="">
<td width="427" valign="top" style="border-style: none solid solid; border-color: -moz-use-text-color windowtext windowtext; border-width: medium 1pt 1pt; padding: 0cm 5.4pt; width: 320.4pt;">
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">Subordinated   Convertible Debt provided by investor (RMB) <o:p></o:p></span></p>
</td>
<td width="141" valign="top" style="border-style: none solid solid none; border-color: -moz-use-text-color windowtext windowtext -moz-use-text-color; border-width: medium 1pt 1pt medium; padding: 0cm 5.4pt; width: 105.7pt;">
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">51,900,000</span><span lang="EN-US" style="font-family: Arial;"><o:p></o:p></span></p>
</td>
</tr>
<tr style="">
<td width="427" valign="top" style="border-style: none solid solid; border-color: -moz-use-text-color windowtext windowtext; border-width: medium 1pt 1pt; padding: 0cm 5.4pt; width: 320.4pt;">
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">Equity   provided by investor (RMB) </span><span lang="EN-US" style="font-family: Arial;"><o:p></o:p></span></p>
</td>
<td width="141" valign="top" style="border-style: none solid solid none; border-color: -moz-use-text-color windowtext windowtext -moz-use-text-color; border-width: medium 1pt 1pt medium; padding: 0cm 5.4pt; width: 105.7pt;">
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">36,300,000</span><span lang="EN-US" style="font-family: Arial;"><o:p></o:p></span></p>
</td>
</tr>
</tbody>
</table>
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-family: Arial;"><o:p>&nbsp;</o:p></span></p>
<p align="left" class="MsoNormal" style="text-align: left;"><b style=""><span lang="EN-US" style="font-family: Arial;">Proposed Financial Structure:<o:p></o:p></span></b></p>
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">The following proposed financial structure is subject to further negotiation:<o:p></o:p></span></p>
<ul>
<li><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">65% Chinese Bank debt (10 years, 7% annual interest)<o:p></o:p></span></li>
<li><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">5% Non-convertible debt provided by investor (10 years, 8% annual interest rate)<o:p></o:p></span></li>
<li><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">30% Equity, of which 30% held by the project developer, and 70% held by the investor<o:p></o:p></span></li>
</ul>
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">In addition to the financing structure above, it is also possible for the investor to become the sole equity share holder and operate the project for a number of years under an ESCO type arrangement which would need to be negotiated with the Chinese developer.<o:p></o:p></span></p>
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">The financing structure may be subject to requirements from the Chinese government, depending on the legal status of the investor.<o:p></o:p></span></p>
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">More details and a tailored investment proposal can be discussed.</span></p>
<p align="left" class="MsoNormal" style="text-align: left;">&nbsp;</p>
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-family: Arial;"><o:p></o:p></span></p>
<p>&nbsp;</p>
]]></content:encoded>
			<wfw:commentRss>http://en.asiagreed.info/2009/07/24/efficient-energy-provision-in-industrial-paper-mill-park/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Combined Waste Water treatment, Alkali Recovery and WHR Power Generation Project &#8211; Industrial Paper Mill Park</title>
		<link>http://en.asiagreed.info/2009/07/24/combined-waste-water-treatment-alkali-recovery-and-whr-power-generation-project-industrial-paper-mill-park/</link>
		<comments>http://en.asiagreed.info/2009/07/24/combined-waste-water-treatment-alkali-recovery-and-whr-power-generation-project-industrial-paper-mill-park/#comments</comments>
		<pubDate>Fri, 24 Jul 2009 13:41:14 +0000</pubDate>
		<dc:creator>Asiagreed</dc:creator>
				<category><![CDATA[Financing]]></category>
		<category><![CDATA[Water Service]]></category>
		<category><![CDATA[CDM project]]></category>

		<guid isPermaLink="false">http://en.asiagreed.info/?p=108</guid>
		<description><![CDATA[








 




Description:
The proposed project concerns the construction and operation of a 48,000 m3/d (16.32 million tonne/year) wastewater treatment system, combined with an alkali recovery system (treating 200,000 tonne pulp annually, and producing 45,900 tonne alkali annually), and a 6 MW captive power plant utilizing waste heat (WHR) from the alkali recovery process, all in a [...]]]></description>
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<p align="left" class="MsoNormal" style="text-align: left;"><b style=""><span lang="EN-US" style="font-family: Arial;">Description:<o:p></o:p></span></b></p>
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">The proposed project concerns the construction and operation of a <st1:chmetcnv unitname="m3" sourcevalue="48000" hasspace="True" negative="False" numbertype="1" tcsc="0" w:st="on">48,000 m<span style="font-size: 7pt;">3</span></st1:chmetcnv>/d (16.32 million tonne/year) wastewater treatment system, combined with an alkali recovery system (treating 200,000 tonne pulp annually, and producing 45,900 tonne alkali annually), and a 6 MW captive power plant utilizing waste heat (WHR) from the alkali recovery process, all in a centralized industrial paper mill park.<o:p></o:p></span></p>
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">The important approvals are granted, agreements are in place and studies such as the FSR and EIA are issued and approved. Construction will commence once financing is secured and the expected commissioning date follows 12 months after.<o:p></o:p></span></p>
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">The waste water treatment design has been prepared by &ldquo;Tsinghua Tongfang Water Engineering Company&rdquo;, affiliated with the prestigious <st1:place w:st="on"><st1:placename w:st="on">Tsinghua</st1:placename> <st1:placetype w:st="on">University</st1:placetype></st1:place> technology department.<o:p></o:p></span></p>
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">This project has an expected equity IRR of 25% (calculated over the total equity, after tax). In addition, the project brings social and environmental advantages of a comprehensive centralized waste recovery and treatment project, including the utilization of waste heat for energy generation.<o:p></o:p></span></p>
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">The project developer is seeking investors to invest 77 million RMB in this 288 million RMB project (investment in a newly formed SPV).</span><span lang="EN-US" style="font-family: Arial;"><o:p></o:p></span></p>
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-family: Arial;"><o:p>&nbsp;</o:p></span></p>
<p align="left" class="MsoNormal" style="text-align: left;"><b style=""><span lang="EN-US" style="font-family: Arial;">Timing:<o:p></o:p></span></b></p>
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">The construction will start once financing has been secured. After a 12 months construction period, the plant is expected to be operational for 14 years.<o:p></o:p></span></p>
<ul>
<li><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">Year 1: 12 month construction period<o:p></o:p></span></li>
<li><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">Year 2 &#8211; 15: Operational period</span><span lang="EN-US" style="font-family: Arial;"><o:p></o:p></span></li>
</ul>
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-family: Arial;"><o:p>&nbsp;</o:p></span></p>
<p align="left" class="MsoNormal" style="text-align: left;"><b style=""><span lang="EN-US" style="font-family: Arial;">Key Financial Parameters:<o:p></o:p></span></b></p>
<table cellspacing="0" cellpadding="0" border="1" class="MsoTableGrid" style="border: medium none ; border-collapse: collapse;">
<tbody>
<tr style="">
<td width="415" valign="top" style="border: 1pt solid windowtext; padding: 0cm 5.4pt; width: 311.4pt;">
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">Total   investment excluding rolled up interest (RMB)<o:p></o:p></span></p>
</td>
<td width="153" valign="top" style="border-style: solid solid solid none; border-color: windowtext windowtext windowtext -moz-use-text-color; border-width: 1pt 1pt 1pt medium; padding: 0cm 5.4pt; width: 114.7pt;">
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">280,000,000<o:p></o:p></span></p>
</td>
</tr>
<tr style="">
<td width="415" valign="top" style="border-style: none solid solid; border-color: -moz-use-text-color windowtext windowtext; border-width: medium 1pt 1pt; padding: 0cm 5.4pt; width: 311.4pt;">
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">Equity   IRR (over total equity, after taxes)<o:p></o:p></span></p>
</td>
<td width="153" valign="top" style="border-style: none solid solid none; border-color: -moz-use-text-color windowtext windowtext -moz-use-text-color; border-width: medium 1pt 1pt medium; padding: 0cm 5.4pt; width: 114.7pt;">
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">25%<o:p></o:p></span></p>
</td>
</tr>
<tr style="">
<td width="415" valign="top" style="border-style: none solid solid; border-color: -moz-use-text-color windowtext windowtext; border-width: medium 1pt 1pt; padding: 0cm 5.4pt; width: 311.4pt;">
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">Project   IRR (after taxes)</span><span lang="EN-US" style="font-family: Arial;"><o:p></o:p></span></p>
</td>
<td width="153" valign="top" style="border-style: none solid solid none; border-color: -moz-use-text-color windowtext windowtext -moz-use-text-color; border-width: medium 1pt 1pt medium; padding: 0cm 5.4pt; width: 114.7pt;">
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">16%<o:p></o:p></span></p>
</td>
</tr>
<tr style="">
<td width="415" valign="top" style="border-style: none solid solid; border-color: -moz-use-text-color windowtext windowtext; border-width: medium 1pt 1pt; padding: 0cm 5.4pt; width: 311.4pt;">
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">Pay   Back Period (yrs) <o:p></o:p></span></p>
</td>
<td width="153" valign="top" style="border-style: none solid solid none; border-color: -moz-use-text-color windowtext windowtext -moz-use-text-color; border-width: medium 1pt 1pt medium; padding: 0cm 5.4pt; width: 114.7pt;">
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">&lt;4</span><span lang="EN-US" style="font-family: Arial;"><o:p></o:p></span></p>
</td>
</tr>
<tr style="">
<td width="415" valign="top" style="border-style: none solid solid; border-color: -moz-use-text-color windowtext windowtext; border-width: medium 1pt 1pt; padding: 0cm 5.4pt; width: 311.4pt;">
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">Non-Convertible   Debt provided by investor (RMB) <o:p></o:p></span></p>
</td>
<td width="153" valign="top" style="border-style: none solid solid none; border-color: -moz-use-text-color windowtext windowtext -moz-use-text-color; border-width: medium 1pt 1pt medium; padding: 0cm 5.4pt; width: 114.7pt;">
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">14,   400,000</span><span lang="EN-US" style="font-family: Arial;"><o:p></o:p></span></p>
</td>
</tr>
<tr style="">
<td width="415" valign="top" style="border-style: none solid solid; border-color: -moz-use-text-color windowtext windowtext; border-width: medium 1pt 1pt; padding: 0cm 5.4pt; width: 311.4pt;">
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">Subordinated   Convertible Debt provided by investor (RMB) <o:p></o:p></span></p>
</td>
<td width="153" valign="top" style="border-style: none solid solid none; border-color: -moz-use-text-color windowtext windowtext -moz-use-text-color; border-width: medium 1pt 1pt medium; padding: 0cm 5.4pt; width: 114.7pt;">
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">35,600,000</span><span lang="EN-US" style="font-family: Arial;"><o:p></o:p></span></p>
</td>
</tr>
<tr style="">
<td width="415" valign="top" style="border-style: none solid solid; border-color: -moz-use-text-color windowtext windowtext; border-width: medium 1pt 1pt; padding: 0cm 5.4pt; width: 311.4pt;">
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">Equity   provided by investor (RMB) </span><span lang="EN-US" style="font-family: Arial;"><o:p></o:p></span></p>
</td>
<td width="153" valign="top" style="border-style: none solid solid none; border-color: -moz-use-text-color windowtext windowtext -moz-use-text-color; border-width: medium 1pt 1pt medium; padding: 0cm 5.4pt; width: 114.7pt;">
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">25,700,000</span><span lang="EN-US" style="font-family: Arial;"><o:p></o:p></span></p>
</td>
</tr>
</tbody>
</table>
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-family: Arial;"><o:p>&nbsp;</o:p></span></p>
<p align="left" class="MsoNormal" style="text-align: left;"><b style=""><span lang="EN-US" style="font-family: Arial;">Proposed Financial Structure:<o:p></o:p></span></b></p>
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">The following proposed financial structure is subject to further negotiation:<o:p></o:p></span></p>
<ul>
<li><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">65% Chinese Bank debt (12 years, 7.2% annual interest)<o:p></o:p></span></li>
<li><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">5% Non-convertible debt provided by investor (10 years, 8% annual interest rate)<o:p></o:p></span></li>
<li><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">12.35% Subordinated convertible debt provided by investor (10 years, 8% annual interest rate)<o:p></o:p></span></li>
<li><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">17.65% Equity, of which 51% held by the project developer and 49% held by the investor<o:p></o:p></span></li>
</ul>
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">The proposed financial structure includes the option to enhance the return by converting the subordinated convertible debt to equity.<o:p></o:p></span></p>
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">The financing structure may be subject to requirements from the Chinese government, depending on the legal status of the investor.<o:p></o:p></span></p>
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">More details and a tailored investment proposal can be discussed.</span></p>
<p align="left" class="MsoNormal" style="text-align: left;">&nbsp;</p>
<p align="left" class="MsoNormal" style="text-align: left;"><span lang="EN-US" style="font-family: Arial;"><o:p></o:p></span></p>
<p>&nbsp;</p>
]]></content:encoded>
			<wfw:commentRss>http://en.asiagreed.info/2009/07/24/combined-waste-water-treatment-alkali-recovery-and-whr-power-generation-project-industrial-paper-mill-park/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>50 MW Biomass Cogeneration Project</title>
		<link>http://en.asiagreed.info/2009/07/24/50-mw-biomass-cogeneration-project/</link>
		<comments>http://en.asiagreed.info/2009/07/24/50-mw-biomass-cogeneration-project/#comments</comments>
		<pubDate>Fri, 24 Jul 2009 13:29:20 +0000</pubDate>
		<dc:creator>Asiagreed</dc:creator>
				<category><![CDATA[Financing]]></category>
		<category><![CDATA[CDM project]]></category>

		<guid isPermaLink="false">http://en.asiagreed.info/?p=104</guid>
		<description><![CDATA[









Description:
The proposed project concerns the construction and operation of a 50 MW Greenfield biomass fired co-generation facility in China. Electricity and heat will be generated by firing the abundant corn straws available in a 30 km radius from the proposed project activity. The electricity will be supplied to the regional grid and the co-generated heat [...]]]></description>
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<p class="MsoNormal"><b style=""><span lang="EN-US" style="font-family: Arial;">Description:<o:p></o:p></span></b></p>
<p align="left" style="text-align: left;" class="MsoNormal"><span lang="EN-US" style="font-size: 11pt; font-family: Arial;">The proposed project concerns the construction and operation of a 50 MW Greenfield biomass fired co-generation facility in <st1:country-region w:st="on"><st1:place w:st="on">China</st1:place></st1:country-region>. Electricity and heat will be generated by firing the abundant corn straws available in a <st1:chmetcnv w:st="on" tcsc="0" numbertype="1" negative="False" hasspace="True" sourcevalue="30" unitname="km">30 km</st1:chmetcnv> radius from the proposed project activity. The electricity will be supplied to the regional grid and the co-generated heat will be supplied to the local district heating system.<o:p></o:p></span></p>
<p align="left" style="text-align: left;" class="MsoNormal"><span lang="EN-US" style="font-size: 11pt; font-family: Arial;">Important approvals are granted, agreements are in place and studies such the FSR and EIA are issued and approved. The first construction activities have started.<o:p></o:p></span></p>
<p align="left" style="text-align: left;" class="MsoNormal"><span lang="EN-US" style="font-size: 11pt; font-family: Arial;">The project developer is a <st1:place w:st="on">Hong  Kong</st1:place> registered entity backed-up amongst other by a European technology provider. Technology employed is of high quality and reliable, and the project developer has experience with the implementation of biomass fired power stations.<o:p></o:p></span></p>
<p align="left" style="text-align: left;" class="MsoNormal"><span lang="EN-US" style="font-size: 11pt; font-family: Arial;">The equity IRR after tax, calculated over the total equity and including CDM revenues is around 23%.<o:p></o:p></span></p>
<p align="left" style="text-align: left;" class="MsoNormal"><span lang="EN-US" style="font-size: 11pt; font-family: Arial;">The project IRR after tax including CDM revenues is approximately 17%. CER revenues are estimated based on 410,825 CERs annually at a CER price of 10 EUR/tCO</span><span lang="EN-US" style="font-size: 7pt; font-family: Arial;">2</span><span lang="EN-US" style="font-size: 11pt; font-family: Arial;">e.<o:p></o:p></span></p>
<p align="left" style="text-align: left;" class="MsoNormal"><span lang="EN-US" style="font-size: 11pt; font-family: Arial;">The project developer is looking for an equity investment into a newly formed SPV of around 77 million RMB in this 650 million RMB project.<o:p></o:p></span></p>
<p align="left" style="text-align: left;" class="MsoNormal"><span lang="EN-US" style="font-size: 11pt; font-family: Arial;"><o:p>&nbsp;</o:p></span></p>
<p align="left" style="text-align: left;" class="MsoNormal"><b style=""><span lang="EN-US" style="font-size: 11pt; font-family: Arial;">Timing:<o:p></o:p></span></b></p>
<p align="left" style="text-align: left;" class="MsoNormal"><span lang="EN-US" style="font-size: 11pt; font-family: Arial;">The 1.5 year construction period has already started. The returns are calculated over a period of 13 year.<o:p></o:p></span></p>
<ul>
<li><!--[if !supportLists]--><span lang="EN-US" style="font-size: 11pt; font-family: Arial;">1.5 year construction period<o:p></o:p></span></li>
<li><!--[if !supportLists]--><span lang="EN-US" style="font-size: 11pt; font-family: Arial;">13 year operational period<o:p></o:p></span></li>
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<p align="left" style="text-align: left;" class="MsoNormal"><span lang="EN-US" style="font-size: 11pt; font-family: Arial;"><o:p>&nbsp;</o:p></span></p>
<p align="left" style="text-align: left;" class="MsoNormal"><b style=""><span lang="EN-US" style="font-family: Arial;">Key Financial Parameters:<o:p></o:p></span></b></p>
<p align="left" style="text-align: left;" class="MsoNormal"><span lang="EN-US" style="font-family: Arial;"><o:p>&nbsp;</o:p></span></p>
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<p align="left" style="text-align: left;" class="MsoNormal"><span lang="EN-US" style="font-size: 11pt; font-family: Arial;">Total investment (RMB)</span><span lang="EN-US" style="font-family: Arial;"><o:p></o:p></span></p>
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<p align="center" style="text-align: center;" class="MsoNormal"><span lang="EN-US" style="font-size: 11pt; font-family: Arial;">650,000,000<o:p></o:p></span></p>
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<p align="left" style="text-align: left;" class="MsoNormal"><span lang="EN-US" style="font-size: 11pt; font-family: Arial;">Project IRR (Including CDM, after tax)<o:p></o:p></span></p>
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<p align="center" style="text-align: center;" class="MsoNormal"><span lang="EN-US" style="font-size: 11pt; font-family: Arial;">17%<o:p></o:p></span></p>
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<p align="left" style="text-align: left;" class="MsoNormal"><span lang="EN-US" style="font-size: 11pt; font-family: Arial;">Equity IRR (over total equity, including   CDM, after taxes)<o:p></o:p></span></p>
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<p align="center" style="text-align: center;" class="MsoNormal"><span lang="EN-US" style="font-size: 11pt; font-family: Arial;">23%<o:p></o:p></span></p>
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<p align="left" style="text-align: left;" class="MsoNormal"><span lang="EN-US" style="font-size: 11pt; font-family: Arial;">Equity provided by investor (RMB)</span><span lang="EN-US" style="font-family: Arial;"><o:p></o:p></span></p>
</td>
<td width="201" valign="top" style="border-style: none solid solid none; border-color: -moz-use-text-color windowtext windowtext -moz-use-text-color; border-width: medium 1pt 1pt medium; padding: 0cm 5.4pt; width: 150.7pt;">
<p align="center" style="text-align: center;" class="MsoNormal"><span lang="EN-US" style="font-size: 11pt; font-family: Arial;">77,000,000</span><span lang="EN-US" style="font-family: Arial;"><o:p></o:p></span></p>
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<p align="left" style="text-align: left;" class="MsoNormal"><span lang="EN-US" style="font-family: Arial;"><o:p>&nbsp;</o:p></span></p>
<p align="left" style="text-align: left;" class="MsoNormal"><b style=""><span lang="EN-US" style="font-family: Arial;">Proposed Financial Structure:<o:p></o:p></span></b></p>
<p align="left" style="text-align: left;" class="MsoNormal"><span lang="EN-US" style="font-size: 11pt; font-family: Arial;">This project involves an investment in a newly formed SPV.<o:p></o:p></span></p>
<p align="left" style="text-align: left;" class="MsoNormal"><span lang="EN-US" style="font-size: 11pt; font-family: Arial;">The following proposed financial structure is subject to further negotiation:<o:p></o:p></span></p>
<p align="left" style="margin-left: 21pt; text-align: left; text-indent: -21pt;" class="MsoNormal"><!--[if !supportLists]--><span lang="EN-US" style="font-size: 11pt; font-family: Wingdings;"><span style=""><span style="font-family: &quot;Times New Roman&quot;; font-style: normal; font-variant: normal; font-weight: normal; font-size: 7pt; line-height: normal; font-size-adjust: none; font-stretch: normal;"> </span></span></span><!--[endif]--><span lang="EN-US" style="font-size: 11pt; font-family: Arial;">66% Bank debt (13 years, 7.5% annual interest)<o:p></o:p></span></p>
<p align="left" style="margin-left: 21pt; text-align: left; text-indent: -21pt;" class="MsoNormal"><!--[if !supportLists]--><span lang="EN-US" style="font-size: 11pt; font-family: Arial;">34% Equity, of which: 65% of equity already secured by the other investors, and 35% of equity to be held by second investor.<o:p></o:p></span></p>
<p align="left" style="text-align: left;" class="MsoNormal"><span lang="EN-US" style="font-size: 11pt; font-family: Arial;">The financing structure may be subject to requirements from the Chinese government, depending on the legal status of the investor.<o:p></o:p></span></p>
<p align="left" style="text-align: left;" class="MsoNormal"><span lang="EN-US" style="font-size: 11pt; font-family: Arial;">More details and a tailored investment proposal can be discussed.</span><span lang="EN-US" style="font-family: Arial;"><o:p></o:p></span></p>
<p>&nbsp;</p>
]]></content:encoded>
			<wfw:commentRss>http://en.asiagreed.info/2009/07/24/50-mw-biomass-cogeneration-project/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>2&#215;25 MW Biomass Cogeneration Project</title>
		<link>http://en.asiagreed.info/2009/07/24/2x25-mw-biomass-cogeneration-project/</link>
		<comments>http://en.asiagreed.info/2009/07/24/2x25-mw-biomass-cogeneration-project/#comments</comments>
		<pubDate>Fri, 24 Jul 2009 13:14:02 +0000</pubDate>
		<dc:creator>Asiagreed</dc:creator>
				<category><![CDATA[Financing]]></category>
		<category><![CDATA[CDM project]]></category>

		<guid isPermaLink="false">http://en.asiagreed.info/?p=94</guid>
		<description><![CDATA[&#160;
Description:




The proposed project concerns the construction and operation of a 2&#215;25 MW Greenfield biomassfired cogeneration facility in China. The nearby paper mills and the electricity grid will receive heat and electricity respectively. Electricity and heat will be generated by burning the abundant biomass resources available in a 40km radius of the proposed project activity.

Important approvals [...]]]></description>
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<p align="left" style="text-align: left;" class="MsoNormal"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">The proposed project concerns the construction and operation of a 2&#215;25 MW Greenfield biomassfired cogeneration facility in <st1:country-region w:st="on"><st1:place w:st="on">China</st1:place></st1:country-region>. The nearby paper mills and the electricity grid will receive heat and electricity respectively. Electricity and heat will be generated by burning the abundant biomass resources available in a <st1:chmetcnv w:st="on" tcsc="0" numbertype="1" negative="False" hasspace="False" sourcevalue="40" unitname="km">40km</st1:chmetcnv> radius of the proposed project activity.<o:p></o:p></span><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;"><o:p><br />
</o:p></span></p>
<p align="left" style="text-align: left;" class="MsoNormal"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">Important approvals are granted, agreements are in place and studies such as the FSR and EIA are approved. Construction will commence once financing is secured.</span><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;"><o:p>&nbsp;</o:p></span></p>
<p align="left" style="text-align: left;" class="MsoNormal"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">The Chinese project developer is experienced in the operation of cogeneration projects. The main technology (boilers) will be supplied by &ldquo;Anshan Boiler Factory Co., Ltd.&rdquo;, an experienced manufacturer with a history of 60 years of successful boiler manufacturing.</span><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;"><o:p>&nbsp;</o:p></span></p>
<p align="left" style="text-align: left;" class="MsoNormal"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">This project has an attractive expected equity IRR of 22% (calculated over the total equity, after taxes). In addition, this project has the social and environmental advantages of a new renewable energy project.</span><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;"><o:p>&nbsp;</o:p></span></p>
<p align="left" style="text-align: left;" class="MsoNormal"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">The project developer is seeking investors to invest around 103 RMB million in this 397 million RMB project. Investment would be into a newly formed SPV.</span></p>
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<p align="left" style="text-align: left;" class="MsoNormal"><strong><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">Timing:</span></strong><br />
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<p align="left" style="text-align: left;" class="MsoNormal"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">The construction activities are expected to commence once financing has been secured.<o:p></o:p></span></p>
<p align="left" style="text-align: left;" class="MsoNormal"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">Following a two year construction period, the project is expected to be operational for 20 years.</span></p>
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<p align="left" style="text-align: left;" class="MsoNormal"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">Year 1 &#8211; 2: 24 months construction period<o:p></o:p></span></p>
<p align="left" style="text-align: left;" class="MsoNormal"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">Year 3 &#8211; 20: Operational period</span></p>
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<p align="left" style="text-align: left;" class="MsoNormal"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">Total   investment excluding rolled-up interest (RMB)<o:p></o:p></span></p>
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<p align="center" style="text-align: center;" class="MsoNormal"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">375,506,700<o:p></o:p></span></p>
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<p align="left" style="text-align: left;" class="MsoNormal"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">Equity   IRR (over total equity, after taxes)<o:p></o:p></span></p>
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<p align="center" style="text-align: center;" class="MsoNormal"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">22%<o:p></o:p></span></p>
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<p align="center" style="text-align: center;" class="MsoNormal"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">15%<o:p></o:p></span></p>
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<p align="center" style="text-align: center;" class="MsoNormal"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">&lt;8<o:p></o:p></span></p>
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<p align="left" style="text-align: left;" class="MsoNormal"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">Non-Convertible   Debt provided by investor (RMB)<o:p></o:p></span></p>
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<p align="left" style="text-align: left;" class="MsoNormal"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">Subordinated   Convertible Debt provided by investor (RMB)<o:p></o:p></span></p>
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<p align="center" style="text-align: center;" class="MsoNormal"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">48,970,000<o:p></o:p></span></p>
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<p align="left" style="text-align: left;" class="MsoNormal"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">Equity   provided by investor (RMB)<o:p></o:p></span></p>
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<p align="center" style="text-align: center;" class="MsoNormal"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">34,290,000</span><span lang="EN-US"><o:p></o:p></span></p>
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<p align="left" style="text-align: left;" class="MsoNormal"><strong>Proposed Financial Structure:</strong><br />
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<p align="left" style="text-align: left;" class="MsoNormal"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">The following proposed financial structure is subject to further negotiation:</span><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;"><o:p></o:p></span></p>
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<li><!--[if !supportLists]--><span lang="EN-US" style="font-size: 11pt; font-family: Wingdings;"><span style=""><span style="font-family: &quot;Times New Roman&quot;; font-style: normal; font-variant: normal; font-weight: normal; font-size: 7pt; line-height: normal; font-size-adjust: none; font-stretch: normal;"> </span></span></span><!--[endif]--><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">65% Chinese Bank debt (10 years, 7.83% annual interest)<o:p></o:p></span></li>
<li><!--[if !supportLists]--><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">5% Non-convertible debt provided by investor (10 years, 8% annual interest rate)<o:p></o:p></span></li>
<li><!--[if !supportLists]--><span lang="EN-US" style="font-size: 11pt; font-family: Wingdings;"><span style=""><span style="font-family: &quot;Times New Roman&quot;; font-style: normal; font-variant: normal; font-weight: normal; font-size: 7pt; line-height: normal; font-size-adjust: none; font-stretch: normal;"> </span></span></span><!--[endif]--><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">12.35% Subordinated convertible debt provided by investor (10 years, 8% annual interest rate)<o:p></o:p></span></li>
<li><!--[if !supportLists]--><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">17.65% Equity, of which 51% held by the project developer, and 49% held by the investor<o:p></o:p></span></li>
</ul>
<p align="left" style="text-align: left;" class="MsoNormal"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;"><o:p>&nbsp;</o:p></span><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">The proposed financial structure includes the option to enhance the return by converting the subordinated convertible debt to equity.</span></p>
<p align="left" style="text-align: left;" class="MsoNormal"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">The financing structure may be subject to requirements from the Chinese government, depending on the legal status of the investor.<o:p></o:p></span></p>
<p align="left" style="text-align: left;" class="MsoNormal"><span lang="EN-US" style="font-size: 11pt; font-family: Calibri;">More details and a tailored investment proposal can be discussed.</span></p>
<p>&nbsp;</p>
<p>&nbsp;</p>
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