Company Information for Econergy International

AIM-ECG

www.econergy.com

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AIM; ECG

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Company Statement

Econergy International is a renewable energy producer focused primarily in the Americas. We develop, build, own and operate renewable power plants that deliver much needed energy and, at the same time, contribute to a low-carbon world.
Founded in 1994, Econergy International finances, develops, owns and operates independent and clean power projects in the high-growth markets of the Americas. Our mission is to create shareholder value by satisfying the rapidly increasing demand for the production of clean renewable energy. By generating revenue from renewable energy sources, we are defining a new world of energy – how it is financed, sourced and delivered.

In addition to developing renewable power projects, Econergy International is also actively engaged in the carbon markets and provides consulting services, all of which give Econergy International its unique ability to source projects in its core markets.

Publicly listed on AIM, a market operated by the London Stock Exchange, Econergy International operates from offices in the United States, Brazil, Mexico, the United Kingdom and Costa Rica.

Operations and Technology

In Operation

Empresa Eléctrica Corani, S.A., Bolivia (Corani)
In early February 2007, Econergy International acquired Duke Energy International’s 50% ownership share in Empresa Eléctrica Corani, S.A., a leading electric power generating company in Bolivia. Corani owns and operates a large reservoir and two associated hydroelectric generating stations which have combined capacity of 147 MW and produce, on average, about 750,000 MWh gross of energy annually. Because of its large reservoir, the company is able to produce power year-round and remains one of the lowest cost producers in the country. The company is a critical component of the Bolivian electricity sector, producing about 20% of total electricity demand. Corani sells electricity into the wholesale market, which pays generators for both energy and capacity.

Operationally, Corani achieved a 98.1% availability factor for 2007. And in keeping with its high standards in environment, health and safety, the company maintained a zero incident rate through 2007. At December 2007 the reservoir capacity was higher than the historical average with good inflows as the rainy season continued.

In Construction

Hidreléctrica Areia Branca, Brazil
Construction on the 19.8 MW Areia Branca hydroelectric project in Brazil is well underway with 55% of the civil works complete, 80% of the environmental works complete, and manufacturing and procurement of the electro-mechanical equipment on schedule. Located on the Manhuaçu River in the state of Minas Gerais, the project is a run-of-the-river design, and is being constructed by a consortium of Brazilian engineering companies under a turnkey EPC contract. The project is on schedule to be completed for a planned October 2008 commissioning. The Areia Branca project is classified as a small hydro project and has a 20-year power purchase agreement with Eletrobrás under the Brazilian government-sponsored PROINFA program. The PROINFA program establishes a fixed tariff plus annual escalation.

In January 2008 Econergy International signed a project finance agreement with Brazil’s Banco Nacional de Desenvolvimiento Econômico e Social (BNDES). The BNDES loan represents 66.4% of total project costs.

Proyecto Eólico Guanacaste, Costa Rica
In May 2006, Econergy International and its partners submitted a bid to supply 49.5 MW of wind energy to Instituto Costarricense de Electricidad (ICE) in a competitive tender for a 20-year Build, Own, and Operate and Transfer contract. Econergy International’s consortium was selected by ICE and subsequently secured the necessary land for the project. The consortium has a signed agreement with Enercon GmbH to supply fifty-five 900kW wind turbines and is in the process of finalizing remaining contracts for the project. In December 2007 PEG signed a 20-year power purchase agreement with ICE. Additionally, the consortium signed a project finance mandate with Nord/LB for non-recourse project debt.

Econergy owns a 45.9% interest in the project, however, is in negotiations to acquire an additional 6% of the project which would result in a controlling interest. PEG is expected to generate, on average, approximately 245,000 MWh gross per year, having one of the highest capacity factors for a wind project. The project will be built in two phases with the final commissioning in late 2009.

Pedra do Sal Wind Project, Brazil
In August 2007, Econergy International signed an equipment purchase and installation agreement with Wobben Windpower Indústria e Comércio Ltda. to install twenty 900 kW wind turbines for the 18 MW Pedra do Sal wind project in the state of Piauí, Brazil. Econergy owns 100% of this project.

Very similar to Beberibe, the Pedra do Sal project will operate under a 20-year PROINFA power purchase agreement with Eletrobrás. The project is expected to enter into commercial operations in the first quarter of 2009.

Beberibe Wind Project, Brazil
In April 2007, Econergy International signed an equipment purchase and installation agreement with Wobben Windpower Indústria e Comércio Ltda., the Brazilian subsidiary of the German company Enercon GmbH, to install thirty-two 800 kW wind turbines for the 25.6 MW Beberibe wind project in the state of Ceara, Brazil. At December 2007 the balance of the plant and the civil works required to support the generating units were complete. The Group has now acquired 100% of this project from the original developer.

The project will sell all of its output to Eletrobrás under a 20-year PPA as part of the PROINFA program, and will be one of the first PROINFA wind projects. Construction on the project is well underway and Econergy expects to begin start-up tests by the end of March 2008 and to enter into commercial operations by the close of the third quarter of 2008.

Cambria, USA
In 2007, Econergy International entered into an agreement to acquire a 50% interest in the Cambria project, a joint venture with Vessels Coal Gas Inc. The project will capture and use methane emissions from a retired coal mine near Pittsburgh, Pennsylvania. As of May 2008 Cambria is operational and selling pipeline gas via the local interstate pipeline, Dominion Peoples. The project will generate revenue from the sales of natural gas and carbon credits as Verified Emissions Reductions (VERs) which are sold in the U.S. and European voluntary markets. The project is estimated to sell approximately 300 million cubic feet of natural gas annually over the 12 year life of the project. Furthermore, Econergy International and Vessels have executed a Memorandum of Understanding to develop additional coal mine methane projects that will generate VERs through the sale of electricity and gas.

In Development

Part of Econergy International’s strength lies in its ability to originate and develop projects throughout the Americas, given our physical presence in the markets and our knowledge of the industry. Currently we have multiple projects in late-stage development that will serve to continue to build on our initial success in getting several projects in operation and under construction. Econergy also maintains a robust pipeline of projects ranging from biomass and methane in North America to hydro and wind in the Southern Cone.

Board of Directors and Key Management

Executive Management
Thomas H. Stoner	Chief Executive Officer
Lee Atkins	Chief Financial Officer
Rick Renner	Chief Operating Officer
Marcelo Figueira	Executive Vice President, Asset Management
John Paul Moscarella	Executive Vice President and Manager, CleanTech Fund
Felicia Bellows	Senior Vice President, Business Development
Senior Management
Michael Ashford	Senior Vice President, Carbon Markets
Elisabeth Castro	Senior Vice President, Controller
Edward (Ned) A. Hoyt	Senior Vice President, Corporate Social Responsibility
Evan A. Evans	Senior Vice President, Consulting
Jacqueline McKenna	Senior Vice President, Investments and Fund Manager
Management
Eduardo Leal Isla Alonso	Director, Asset Management, Mexico
John Buckman	Vice President, Finance
Francesca Maria Cerchia	Managing Director, Econergy Brasil, Carbon Markets
Philip Doyle	Managing Director, Econergy UK
Jorge Dengo Garrón	Vice President, Asset Management
Andrew Paterson	Director of Economics & Finance Consulting, North America
Flavio Cotrim Pinheiro	Director, Project and Business Development: Latin America, Carbon Markets
Héctor Martínez Vivas	Vice President, Business Development

Company Address

Econergy International Corporation
Boulder Headquarters 1881
9th Street, Suite 300,
Boulder, Alabama, United States CO 80302


Telephone:	303.473.9007
Facsimile:	303.473.9060
Email:	info[at]econergy.com
Website:	http://www.econergy.com

Additional Address/Key Contact

Econergy International Corporation UK
22 Billiter Street
London EC3M 2RY
Tel +44 203 102 3403
Fax +44 203 102 3401

Capital

Econergy International plc’s issued capital is 87,000,000 ordinary shares

Nominated Brokers

Piper Jaffray
One South Place
London
EC2M 2RB

Nominated Advisors