Kiran Patil Managing Director

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India  A multi-billion dollar opportunity Investm
ent Horizons in Renewable Energy
By Kiran Patil - Managing Director Ecolutions
Carbon India Pvt. Ltd.
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The Market

• Renewable Energy is the most attractive business
  opportunity in the market today
• Market size estimated to be in the 80bn
  300bn range for the 2005 2015 period
• Post Copenhagen investments in India and China
  will emerge as a major key investment theme
• ecolutions has spotted such opportunity and
  built a portfolio of projects and in-house
  capabilities both in India and China over the
  last two years
• Capital markets are evolving and showing strong
  appetite both on the debt and equity side

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INVESTING IN A PORTFOLIO OF BIOMASS PROJECTS
AN UNIQUE OPPORTUNITY

• A diversified portfolio
• Invest in available and proven technologies
• Appropriate technology and fuel risk
  diversification
• Total of 11 biomass projects in 3 states in India
• Good project returns and strong government
  support, make investments financially
  attractive
• Use economics of scale to optimize project
• economics

• Location
• Locations selected on the basis of abundant
  fuel availability
• Sophisticated biomass supply concept in
  cooperation with local agencies and banks
• Exclusivity awarded through state tenders
  on 25km radius area
• Biomass type mainly cotton stalk with little
  alternative use and low cost availability

Realise a series of biomass projects to
establish a significant market presence in a
strongly growing sector

• Technology
• Equipment from leading Chinese/Indian
• suppliers
• Highly competitive terms
• Design tailored to local conditions and biomass
• Carefully designed Supply Chain

• Timing
• India recovers from economic dip
• Govt is keen to exploit Biomass resources
• As alternative energy generation source.
• Demand for renewable electricity
• Projects are at an advanced stage and ready to
  be constructed and commissioned
• Increasing interest from financial investors for
  co-investments

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BUSINESS MODEL
SELECTION OF BEST PROJECTS THROUGH CLEARLY
DEFINED INVESTMENT PROCESS
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OVERVIEW OF CURRENT PORTFOLIO AND PIPELINE
Secured through contracts
Time limited exclusivity
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Overview of selected projects
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OVERVIEW OF ECOLUTIONS BIOMASS PROJECTS
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OVERVIEW OF PROJECTS IN EXECUTION AND PIPELINE

• Abundant biomass
• EPC completed
• PPA in place
• Fully permitted
• First plant civil engineering completed
• Biomass production started
• Financial closure near term expected

Projects in construction

• Fully permitted
• Land fully secured
• Abundant biomass available

Pipelineprojects
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Biomass Portfolio Development Track Record

• ecolutions systematic screening of biomass
  sector in India
• MOU between the ecolutions/promoter
• Due diligence Independent Engineers Mitcon,
  Mott McDonald, Legal, Financial
• Negotiations and selection of supplier
• Shareholding agreement / SSA/ EPC signed
• Construction started
• Bank negotiations

Exec. summary
Selection
March 2008 Due Diligence
Dec. 2008 Constructionstart ed 30MW
Maharashtra
June 2009 Civil Foundationscompleted
Time line
July 2008 signature SHA/SSA/ EPC
2009
2008
April 2008 MOU signature
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Ecolutions Biomass Project Investment- Case
Study
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Ecolutions Biomass Project Investment- Case
Study

• General Information
• Turboatom TPS Projects Limted
• Host Country India
• Located Talegaon, Dist. Wardha, Maharashtra
  State, India
• Production
• Scheduled capacity of 15 MW
• Estimated production 86,400 MW/h 2 yr
  onwards (80 Plf)

• Fuel requirement
• Approx 85000 MT per annum
• Well thought Supply chain management
• Project Development Status
• DPR ready
• Approvals and permits from Maharashtra Govt in
  place
• CDM validation and registration in progress

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Ecolutions Biomass Project Investment- Case
Study- Continued

• Equity Investment Status of ecolutions
• Ecolutions has invested INR 85 million in the
  project as a contribution towards equity to the
  extent of 49 through ecolutions investment Asia
  Ltd.
• Total Investment (excl. development transaction
  costs.)
• Target Leverage 7030 debt equity
• Expected CER volume of 62,990 p.a.

• Further Highlights
• Commissioning is expected in 4Q 2010
• Total Equity INR 173.96 Million
• Equity by ecolutions 49 or INR 85 Million
• Electricity tariff Rs 4.28/ uni

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ecolutions OVERVIEW
A full service company specializing in
investment, advisory, and trading activities
Climate Change
Energy Insecurity
Carbon Advisory
Carbon Trading
Project Development

• Sector Focus
• Agri. Waste-to-Energy (WTE)
• WTE Cogeneration
• Methane capturing
• Wind

• Areas
• CDM processes development
• PDD writing and project mgmt.
• Financial services
• Technical services

• Opportunities
• Origination and Distribution
• CERs and VERs
• Forward and spot brokerage
• CDM management

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RAPID GROWTH SINCE THE TEAMS INCEPTION
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AT A GLANCE

• ecolutions Carbon India Pvt. Ltd. is a 100
  subsidiary of ecolutions GmbH KGaA of Germany,
  which is established to serve the Indian market
  for developing renewable energy projects,
  primarily in the sectors wind, biomass and hydro
  power.
• In India, the range of services provided by us
  includes
•  
• Project identification, equity financing
  implementation and management of CDM Projects.
• Taking assignments for registration of CDM
  projects / issuing of carbon credits
• Certified Emission Reduction (CER) / Verified
  Emission Reduction (VER) Trading

• Founded in 2007, ecolutions is an international
  developer and investor in renewable energy
  projects and carbon assets. We focus our
  activities in China and India. The integrated
  business model of ecolutions creates ecological
  and economic value in a unique way. From
  investing in renewable enery projects to selling
  carbon credits, the solutions we offer cover the
  entire carbon value chain, and operate in line
  with the Kyoto Protocols Clean Development
  Mechanism (CDM).We aim to support our customers
  in developing and maximizing opportunities and
  value in the most efficient and sustainable way
  possible. Regardless of your needs, we can offer
  your company flexible solutions to meet your most
  demanding challenges.
• Our Experience
• Approx. EUR 50 mil under management
• Invested in and developing more than 100 MW
  renewable energy projects
• More than 20 PDD assignments
• Primary CER portfolio of approx. 5mil CERS

ecolutions GmbH Co. KGaA
ecolutions INDIA
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Contact ECOLUTIONS GMBH CO. KGAA Grüneburgweg
18 / 60322 Frankfurt am Main / Germany ECOLUTIONS
CARBON INDIA PVT. LTD. Mahender Chambers 15
Opp. Duke Factory / Chembur / 400 071 Mumbai /
India ECOLUTIONS NEW ENERGY INVESTMENT CO. LTD
1505 Block 15, China Central Place, 89 Jianguo
Road / 10025 Beijing / China ECOLUTIONS
SINGAPORE PTE. LTD. Level 30, Six Battery Road,
049909 Singapore / Singapore
DISCLAIMER
This document does not constitute an offer to
sell or a solicitation of an offer to buy any
securities. This document is an outline of
matters for discussion only. The information
contained in this document is subject to
discussion, completion and amendment. This
document does not contain all the information
necessary to fully evaluate the business
potential of ecolutions and, as such, no reliance
should be placed on the contents of this
document. The information in this document has
been obtained from sources deemed by ecolutions
as reliable and is based on present
circumstances, market conditions and beliefs.
Ecolutions has no obligation to update this
document or correct any inaccuracies or omissions
in the document. Any financial projections have
been prepared and set out for illustrative
purposes only and do not in any manner constitute
a forecast. They may be affected by changes in
economic and other circumstances which cannot be
foreseen and it must be recognized that the
reliance to be placed on them is a matter of
commercial judgement. Recipients should not treat
the contents of this document as advice relating
to legal, taxation or investment matters and are
advised to consult their own professional
advisers. This document and its contents are
confidential to the person to whom it is
delivered and should not be copied or distributed
in whole or in part or disclosed by such persons
to any other person. Nothing in this document
contains a commitment from ecolutions or any
affiliate to provide or arrange any facility or
is otherwise imposing any obligation on
ecolutions or any affiliate whatsoever.
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THANKS
Kiran Patil Kiran.patil_at_ecolutions.de
ecolutions Carbon India Pvt, Ltd. 15, Mahinder
Chambers, Opp Dukes Factory, Chembur 400 071
Mumbai Phone [phone]Fax [phone]
744 Internet www.ecolutions.de
www.ecolutions.in Email info_at_ecolutions.in
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