ESBI Carbon Solutions. Partnering with Countries to Achieve their Full Carbon Credit Potential

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1 ESBI Carbon Solutions Partnering with Countries to Achieve their Full Carbon Credit Potential

2 ESB International ESB International (ESBI) is a growing international energy company and one of Europe s leading engineering and consultancy organisations.

3 ESBI Carbon Solutions Electricity Supply Board (ESB) As Ireland s premier integrated utility in operation since 1927 ESB is the owner, developer and operator of over 4000MW of generation capacity in Ireland, as well as significant capacity overseas. ESB s generating stations include gas-fired conventional and combined cycle, coalfired, oil-fired, peat-fired, as well as wind, biomass and hydro/pumped storage. ESB employs approximately 8,000 employees with revenue totalling 3.5 billion. ESB International (ESBI) ESBI is wholly owned by ESB. We are part of its nonregulated business and operate across a wide area of the energy industry. ESBI invests in, develops, owns, operates and maintains power stations both nationally and internationally and also trades electricity in competitive European energy markets. To date, ESBI has completed projects in over 115 countries. The extensive experience gained in our 80 year history has been the basis for the Operations & Maintenance (O&M) and engineering services provided to clients worldwide in the power utility business. Operating in Western Europe, South East Asia, Southern Africa and the Middle East ESBI s major markets are Western Europe (UK and Spain), Southern Africa, South East Asia and the Middle East. As well as our capabilities in the development and management of power generation assets, ESBI also delivers high quality consulting services to clients in the areas of strategic planning, environmental services and sustainability. In 2008, ESB announced a Strategic Framework to 2020, embarking on a 22 billion capital investment programme that will see the company deliver one-third of its electricity from renewable generation, including over 1,400MW of wind as well as wave, tidal and biomass. The strategy will also see the company halve its carbon emissions within 12 years and achieve carbon net-zero by In order to achieve these aims, ESBI is participating in projects related to the latest energy and carbon technologies such as carbon capture and storage (CCS) and solar photovoltaic (PV/Thermal) as well as adding to its renewables portfolio; increasing energy efficiency within its existing portfolio and investing in carbon credit emission reduction projects via ESBI Carbon Solutions. We are pioneers in combined cycle gas turbine (CCGT) technology with a world-renowned reputation for unrivalled engineering excellence. ESBI offers a full range of engineering and O&M solutions as well as consultancy services to the global energy market. Employing approximately 1,200 professional staff between our offices in Ireland and abroad, we have active operations in over 20 countries, including strategic operation and maintenance contracts totalling over 5,500MW. In addition to investments in over 2,300MW of installed capacity and a similar amount in development, ESBI has approximately 300MW of renewable wind energy plant installed and under construction and a further pipeline of 740MW planned for Ireland, UK and Spain.

4 ESBI Carbon Solutions Our business strategy is to work in partnership with local and international asset owners in developing countries to develop and invest in projects. Target markets Developing Countries South East Asia Southern Africa Middle East Latin America Portfolio of Carbon Credit Generation Projects Renewables Energy Efficiency Renewables Wind Solar Biomass Small Hydro Methane to Energy Energy Efficiency Utilities Cement Metals Mining Food and Drink

5 ESBI Carbon Solutions As part of ensuring a sustainable energy future, ESBI invests in and develops carbon emission reduction projects under the UN Clean Development Mechanism (CDM) through the Carbon Solutions team. We bring value to projects from both a technical and commercial perspective, so that the full carbon credit potential of the asset is realised. ESBI Carbon Solutions operates primarily in the South East Asian and Southern African regions, however we also look at potential opportunities in the Middle East and Latin America. Our partners are large energy suppliers, users and/ or developers of new installed capacity and we are particularly interested in renewable, energy efficiency and methane to energy projects. Compliance Purchasing Investment Project Management ESBI Carbon Solutions UN Approval Process Project Technical Input

6 ESBI Carbon Solutions Project Development and Financing

7 ESBI Carbon Solutions To asset owners in developing countries, we offer an integrated carbon credit generation service as we operate in each element of the energy value chain. This includes: Equity We can be an equity partner in the project. Carbon We can manage the project through the UNFCCC carbon registration process from PIN to CER issuance. Project Execution We can be a partner in project execution including: pre-feasibility study, feasibility study, engineering design, project management, construction and commissioning. Operations & Maintenance We can provide O&M services. ESB is an EU based compliance buyer of credits/ allowances and we offer, through our strong credit rating, significant reduction in counterparty risk for asset owners. Our skilled team will assess the feasibility of your project under the CDM. Extensive experience in developing a broad portfolio of assets, coupled with 25 plus years as utility engineering consultants, ensures ESBI Carbon Solutions can add value to projects in developing countries.

8 ESBI Carbon Solutions Offering ESBI Carbon Solutions has an integrated offering which includes carbon and engineering expertise plus equity investment and we are interested in both early and advanced stage projects.

9 ESBI Carbon Solutions As well as providing equity finance for suitable projects, we can also do the carbon registration process at risk for a percentage share of the carbon credits generated {Carbon Services Agreement (CSA)}. ESBI Carbon Solutions is currently working on CSAs for a number of projects. We will manage the CDM process for each project from start to finish. This process requires extensive supervision to ensure that each project produces the optimum number of CERs. We work with our partners to offer flexible structures around equity financing including arranging forward purchase of CERs. We add value to the project through mobilising business development, financial, carbon and engineering expertise. With regard to project development and investment we focus on activities in the following technologies: Renewables, Energy Efficiency and Methane to Energy. We can also provide the following services: Carbon Footprint Studies Carbon Portfolio Scan Energy Efficiency Audits

10 ESBI Energy Experience ESBI has been operating along the electricity value chain for many years and has gathered experience in all aspects of this chain: engineering, operations & maintenance, environmental expertise, strategic consultancy and project management.

11 ESBI Carbon Solutions Wind ESBI has been actively involved in the wind energy sector since the company s establishment and provided Owner s Engineering services to the Department of Energy for the construction of Ireland s first commercial wind farm in We offer an end to end engineering and consultancy solution incorporating all services required for wind farm design, assessment and construction through to commercial operation. Wind Farm Development Initial Wind Resource Evaluation Wind Data Analysis Site Selection Meteorological Mast Procurement and Establishment Wind Farm Modelling / Optimisation Environmental Services Planning Applications Preparation of Permitting Documentation Technical Due Diligence Grid Application Project Management Wind Farm Techno-Economic Analysis Financial Feasibility Studies Wind Farm Construction Owner s Engineer Services Civil & Structural Services Grid Connection Hydro In total ESB has constructed and operates eight hydro-electric dams and has also constructed a pumped storage station in Ireland. The ESBI Environment group provides the following services: Feasibility and Development of Small Hydro Management of Hydroelectric Station Regime Dam Safety Assessment Environmental Planning Environmental Risk Assessment Environmental Monitoring Environmental Enforcement Environmental Training Carbon Footprint Studies Peat ESBI owns and operates two biomass firing plants; a 150MW plant and a 100MW plant both based in Ireland. Solar As part of our commitment to sustainable energy, ESBI is seeking investment opportunities in Concentrated Solar Power projects using Solar Thermal technology. ESBI can provide the following services to developers and utilities on solar thermal projects: Technical Feasibility Studies Project Management Services Operation & Maintenance Capabilities Methane Recovery ESBI has developed, owned and operated over 22MW of landfill gas capacity across seven sites. Energy Recovery ESBI has significant experience of working with clients in the power sector, metals, petrochemical, glass and food & drink industries in the recovery of energy from waste streams. Energy Efficiency in Power Plants Targeting ageing fossil fuel fired power plants, ESBI Carbon Solutions will work with the project host to identify areas of potential plant performance improvement and the subsequent increase in net plant efficiency (in comparison to international best practice benchmarks). Fuel Switching Our experience in implementing fuel switching activities at several power plants, means we are interested in participating in projects aimed at switching existing electricity and heat generation plants from high to lower carbon intensive fuels and from fossil fuels to renewable fuels (e.g. biomass). Emission Reduction Procurement As a buyer of carbon credits for compliance use under the EU Emissions Trading Scheme (EU ETS), ESB Carbon Solutions eliminates the need for intermediary involvement, thus providing a direct route to market for your carbon asset without additional and unnecessary expense. Due to our status as a wholly owned subsidiary of a state owned utility we are a well regarded and solid counterparty.

12 ESB International ESBI Carbon Solutions Stephen Court, St. Stephen s Green, Dublin 2, Ireland. Tel: +353 (0) Fax: +353 (0) carbonsolutions@esbi.ie Web: