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2007 Greenhouse Gas Emissions Inventory Report 

Prepared for: 

Overseas Private Investment Corporation 

March 2009 
Proprietary & Confidential 1

TABLE OF CONTENTS 

Introduction ...................................................................................................................................2

Methodology .................................................................................................................................3

Initial Screen .........................................................................................................................3

Tier A (Power Generation) Facility Inventory Estimates........................................................3

Tier B Facility Inventory Estimates........................................................................................4

Annual Review of Inventory Estimates..................................................................................4

Project Sponsor Feedback and Estimate Revisions .............................................................4

Results..........................................................................................................................................1

Appendix A....................................................................................................................................1

Table A-1: OPIC’s Project Portfolio.......................................................................................1

Table A-2. Initial Short List .................................................................................................21

Table A-3. Draft Short List..................................................................................................23

Appendix B....................................................................................................................................1

Tier A Projects – Based on Sponsor Provided Throughput ..................................................1

Tier A Projects – Based on Capacity (Throughput not Available) .........................................4

Tier B Projects.....................................................................................................................12

Conversion Factors and Sources........................................................................................23

Appendix C ...................................................................................................................................1

Annotated Bibliography .........................................................................................................1
Proprietary & Confidential 2

INTRODUCTION 

Pace Global Energy Services, LLC (“Pace”) performed an independent analysis to quantify the 

greenhouse gas (“GHG”) emissions directly attributable to projects to which the Overseas 

Private Investment Corporation (“OPIC”) is financially committed. GHGs are atmospheric 

compounds that trap the sun’s infrared radiation or heat. In excess quantities, GHGs are linked 

to numerous impacts to global climate and the environment as a whole. Further, regulations are 

being developed and implemented at regional and local levels to limit and / or reduce GHG 

emissions from human caused sources that have the potential to impart compliance cost 

implications to major sources of these emissions. This analysis aims to assess the level of 

potential GHG emissions of projects determined to be significant sources of GHG emissions in 

terms of short tons of carbon dioxide (“CO2”) emissions. 

This emissions estimate included only those projects active in OPIC’s portfolio as of June 

30,2008 with annual emission levels exceeding 100,000 short tons of CO2 (major sources) and 

was produced using data available from project sponsors as supplied by OPIC. This estimate 

included only emissions from direct, on site sources from operations in the 2007 calendar year 

and not indirect emissions associated with purchased electricity or steam, chemical releases, or 

the past construction of facilities. 

Initially, Pace conducted a screen of OPIC supported projects and developed a ‘short list’ of 

those projects likely to exceed an emissions threshold of 100,000 short tons CO2 per annum 

from direct fossil fuel combustion. Further analysis of environmental data and project 

descriptions narrowed this list to 27 projects. The maximum Potential to Emit (“PTE”) was 

estimated for these 27 projects based on available project information which varied by project 

but included a combination of consumption data, throughput, generating capacity, relative 

project sizes, and an assumed operating capacity of 8,000 hours per year. In order to support 

the accuracy of the estimates and assumptions and to ascertain 2007 operational emissions 

data, OPIC solicited additional information and verification of Pace’s estimates from the 

individual sponsors. OPIC’s 2007 emissions inventory includes emissions from 24 projects and 

one fund. Actual 2007 emissions estimates and operating data received from project sponsors 

was used in the 2007 inventory where available. For projects where sponsor feedback and / or 

actual 2007 year operating data was unavailable, the PTE estimate was used to reflect 2007 

emissions, in absence of actual operational data. The estimated total for OPIC’s 2007 GHG 

Inventory is 50,358,219 short tons CO2. 

This report presents the results of the 2007 year GHG emissions estimate for OPIC projects. 

Going forward, Pace will annually review and update the emissions attributable to projects to 

which OPIC is financially committed and identify and report differences from the emissions 

estimates presented in the initial inventory report herein. 
Proprietary & Confidential 3

METHODOLOGY 

Initial Screen 

Pace screened all of OPIC’s affiliated projects from a complete project list provided by OPIC. 

Calendar year 2007 was selected as the “base” year rather than 2008 as it represented the 

latest complete year of emissions data available for analysis. The scope of the analysis included 

emissions from the direct combustion of fossil fuels that would result in over 100,000 short tons 

of CO2 emitted per year. Emissions associated with electricity usage, industrial processes, 

and/or refrigerants were excluded. Based on the criteria below, Pace developed a ‘short list’ of 

projects that warranted more detailed analysis to determine whether or not they exceeded the 

threshold for inclusion and to calculate the PTE emissions. The initial screen relied on the 

following criteria for inclusion. (See Appendix A, Table A-1 for the complete list of projects 

analyzed). 

• Projects that were active as of June 30,2008; 

• Projects in the energy, oil & gas, transportation, mining, manufacturing, and construction 

sectors as facilities in these sectors are of sufficient size to potentially directly emit over 

100,000 short tons CO2 per year; and 

• Projects in the finance/banking, insurance, and service sectors were omitted from further 

analysis because the majority of emissions from these sectors are attributed to electricity 

usage which is outside the scope of this study. 

A total of 98 projects were included in the initial ‘short list.’ (See Appendix A, Table A-2 for the 

initial ‘short list’). After discussing and reviewing project details with OPIC for additional 

information regarding specific projects, this list was shortened to around 50 projects that could 

potentially reach or surpass the emissions threshold for inclusion in the inventory. (See 

Appendix A, Table A-3 for the draft ‘short list’). Of the 50 remaining projects, Pace analyzed 

available project specific environmental data and calculated a rough emissions estimate for 

each project. Those projects over or near the 100,000 short tons per year threshold were 

included in the final ‘short list’ of 27 projects. Pace vetted and finalized emission calculations for 

these projects and included them into the 2007 inventory. 

Tier A (Power Generation) Facility Inventory Estimates 

Pace segregated fossil fuel fired power generation projects on the final ‘short list,’ of which a 

total of 16 projects were identified and were referred to as “Tier A projects”. The maximum PTE 

for Tier A projects were based on an operating capacity of 8,000 hours per year, consumption 

data (if available), facilities’ power generating capacity (MW), and/or specific estimates of GHG 

emissions provided by the project sponsor if available. The most accurate emissions profile is 

that based on actual fuel consumption; however, this information was not available for most of 

the Tier A projects. Therefore, when calculating emissions based on generation capacity alone, 

Pace generated estimates by calculating emissions based on capacity (MW) and used a 

conversion efficiency factor obtained from the International Finance Corporation’s Guidance 

Note 3. Other standard assumptions required to perform inventory calculations were primarily 
Proprietary & Confidential 4

sourced from The Climate Registry’s General Reporting Protocol. A complete list of data 

sources relied upon for this analysis is included in the Annotated Bibliography in Appendix C. 

Five of the Tier A projects’ emissions estimates were calculated using actual annual fuel 

consumption data provided by the project sponsors and the remaining 11 projects’ emissions 

estimates were based on power generation capacity / fuel throughput estimates. The data used 

in the calculations as well as the maximum PTE calculations are detailed in Appendix B. 

Tier B Facility Inventory Estimates 

Eleven projects on the ‘short list’ were identified as Tier B facilities, defined as facilities in the oil 

& gas, mining, transportation, manufacturing, or construction sectors with annual GHG 

emissions estimated to be above the threshold defining a major source for this analysis. Oil & 

gas sector projects’ emissions were based on throughput, consumption data, and/or emissions 

data from similar facilities. Emissions from manufacturing projects were based on the energy 

requirements from similar facilities and/or processed volumes. All maximum PTE estimates 

assume an operating capacity of 8,000 hours per year. When emissions data from similar 

facilities was necessary to perform the calculation, the data was obtained from credible, 

publically available information sources such as the American Petroleum Institute (“API”), 

Energy Information Administration (“EIA”), and U.S. Environmental Protection Agency (“EPA”). 

Other assumptions required to perform inventory calculations were primarily sourced from The 

Climate Registry’s General Reporting Protocol. A complete list of data sources relied upon for 

this analysis is included in the Annotated Bibliography in Appendix C. The data used in the 

calculations as well as the estimate calculations are detailed in Appendix B. 

Annual Review of Inventory Estimates 

Pace will review OPIC’s portfolio annually and determine if projects should be removed or 

added to the inventory calculation and quantify the impacts of annual operational changes 

against the maximum PTE estimate. Pace will utilize the above methodology to screen these 

additional projects and estimate emissions going forward. 

Project Sponsor Feedback and Estimate Revisions 

To support the accuracy of the estimates, OPIC solicited additional information and verification 

of project specific assumptions from the individual sponsors. The project sponsors had 30 days 

to reply to the solicitation with additional project details and 2007 operational emissions 

estimates. This feedback reflects OPIC’s 2007 emissions inventory which includes emissions 

from 24 of the 27 projects on the final short list. When sponsor feedback was unavailable, the 

PTE was used to reflect 2007 emissions. 

Two projects, the West African Gas Pipeline and AES Jordan, were removed from the inventory 

because they were not operational in 2007 and emissions from construction were below the 

100,000 short ton threshold. Details provided by the sponsor for RPK-Vysotsk (Lukoil II) 

required Pace to refine its methodology which resulted in project emissions below the threshold 

and therefore, RPK-Vysotsk (Lukoil II) was omitted from the inventory. 
Proprietary & Confidential 1

RESULTS 

OPIC’s 2007 GHG Inventory is 50,358,219 short tons CO2, based on sponsor feedback and maximum PTE comments were unavailable. Exhibit 1: 2007 OPIC GHG Emissions Inventory Estimate by Project 

Tier Project Name Location Description Capacity / Throughput Fuel Type Maximum PTE (short tons CO2) 1 Sponsor Reported Emissions (short tons CO2) 

A AES Nigeria Barge Nigeria Combined Cycle 270 MW Natural Gas 1,603,307 1,116,398 A Adapazari Elektrik Uretim Turkey Combined Cycle 777 MW Natural Gas 2,706,499 2,106,754 A AES Jordan Jordan Combined Cycle 370 MW Natural Gas 1,288,809 - A Doga Enerji Turkey Combined Cycle 180 MW Natural Gas 816,057 740,756 A Habibullah Coastal Power Pakistan Combined Cycle 140 MW Natural Gas 487,658 447,880 A Gebze Elektrik Uretim Turkey Combined Cycle 1554 MW Natural Gas 5,412,998 4,121,923 A 

Pakistan Water & Power Development Authority 

Pakistan Combined Cycle 150 MW Natural Gas 522,490 - 

A Isagen SA Colombia Combined Cycle 300 MW Natural Gas 1,044,980 2,030,109 A Izmir Elektrik Uretim Turkey Combined Cycle 1554 MW Natural Gas 5,412,998 4,694,380 A Jorf Lasfar Energy Morocco Steam Boiler 1356 MW Coal 14,268,496 - A Gaza Private Generating PLC Gaza Combined Cycle 136.4 MW Natural Gas 487,657 293,804 A NEPC Consortium Power Bangladesh Combined Cycle 110 MW Natural Gas 383,159 245,795 A Paiton Energy Indonesia Steam Boiler 1200 MW Coal 7,938,380 9,553,044 A Termovalle SCA Colombia Combined Cycle 199 MW Natural Gas 693,170 - A Trakya Elektrik Uretim Turkey Combined Cycle 478 MW Natural Gas 1,818,912 1,747,956 

1 Note that the maximum PTE was calculated for projects that had detailed data as well as for those with spare data. Fo

with minimal data available, the maximum PTE may be less than the 2007 emissions for which more information becam

the project sponsors. 2 AES Jordan and West African Gas Pipeline projects were both under construction during calendar year 2007 and were 

therefore, since emissions from construction would be below the 100,000 short ton threshold they are excluded from the 20

3 Sponsor feedback was not provided; therefore, the max PTE was used for the 2007 Inventory. 
Proprietary & Confidential 2

Tier Project Name Location Description Capacity / Throughput Fuel Type Maximum PTE (short tons CO2) 1 Sponsor Reported Emissions (short tons CO2) 

ve Ticaret 

A Grenada Electricity Services (WRB) Grenada Combined Cycle 18 MW Diesel (Fuel Oil) 104,604 114,571 B Accroven SRL Venezuela NGL facility 800 MMscfd Natural Gas 998,677 - B Various Egypt Subsidiaries (Apache) Egypt Oil/Gas extraction & processing 29,934,702 bbl/yr & 89,910 MMscf/yr Oil & Natural Gas 1,190,476 1,505,247 B Baku-Tblisi-Ceyhan Pipeline Azerbaijan Crude Oil Pipeline 247 million bbl Natural Gas & Diesel 699,034 707,672 B E.P. Interoil Papua New Guinea Crude Oil Refinery 15,888 BPCD Crude Oil 802,469 392,296 B Foxtrot International Cote d’Ivoire Gas extraction & pipeline 1736 MMscf/yr Natural Gas 270,804 104,484 B Natural Gas Liquids II Financing Nigeria NGL facility 19.5 MMscfd Natural Gas 390,806 244,048 B Equate Petrochemical Kuwait Petrochemical facility 1540 MMBtu/hr Natural Gas 720,573 - B West African Gas Pipeline Ghana Gas Pipeline 190 MMscfd Natural Gas 244,728 - B Wilpro Energy Services (El Furrial) Venezuela Gas Compression 60 MW Natural Gas 289,106 289,106 B Wilpro Energy Services (Pigap) Venezuela Gas Compression 100 MW Natural Gas 507,923 571,090 

N/A Latin American Power III Latin America Fund N/A N/A 2,077,500 2,077,500 

Grand Tota

4 Per agreement between Latin American Power III and OPIC, the Fund agreed to “not make an investment in a Portfolio C

such investment, the assets and operations of all Portfolio Companies then held by the Fund would emit (in the aggrcalendar year basis) in excess of 2,077,500 short tons CO2 as calculated in accordance with the IPCC”. 
Proprietary & Confidential A-1

APPENDIX A 

Table A-1: OPIC’s Project Portfolio, lists all active projects in OPIC’s portfolio as of June 30, 

2008 and analyzed by Pace during the Fall / Winter of 2008. Table A-2. Initial Short List, lists 

those 98 projects included in the initial ‘short list,’ based on their potential to generate emissions 

above the threshold for inclusion in OPIC’s inventory. Table A-3. Draft Short List, lists those 50 

projects included in the draft ‘short list’. 

Table A-1: OPIC’s Project Portfolio 

Project Name Sector Country 

FINANCE 

TB-ANDREW & WILLIAMSON FRESH PRODUCE AGRI MEXICO 

FLAMA DE ORO S.A. AGRI GUATEMALA 

FLAMA DE ORO, S.A. AGRI GUATEMALA 

BESCH INT'L, INC/SAN MARTIN FARMS CIA. LTDA. AGRI ECUADOR 

BRUCH SIDE FARMS AGROPECUARIA DO BRAZIL LTDA AGRI BRAZIL 

EL SALADERO UY S.R.L. AGRI URUGUAY 

DMITROV DAIRY FARMS, CJSC AGRI RUSSIA 

ROTA INTERNATIONAL EXPORTING, LLC. AGRI GUINEA-BISSAU 

LA FUTURA, S.A. AGRI GUATEMALA 

WBC-FORESTRADE, INC AGRI LATIN AMERICA REGIONAL 

WBC-SOUTHERN VALLEY FRUIT & VEGETABLE, INC. AGRI MEXICO 

WBC-MARICULTURA DEL NORTE, S.DE R.L. DE C.V. AGRI MEXICO 

CSA-REY BANANO DEL PACIFICO C.A. AGRI ECUADOR 

LEAWOOD INVESTMENTS INC/BARRIEFIELD LLC AGRI COLOMBIA 

CELLCOM TELECOMMUNICATIONS INC. COMM LIBERIA 

SABLE-CELLCOM TELECOMMUNICATIONS INC COMM LIBERIA 

RURALFONE, INC. COMM BRAZIL 

ZAO STAR NETWORKS COMM RUSSIA 

CAFR-MIC TANZANIA LIMITED (TZS) COMM TANZANIA 

CAFR-MIC TANZANIA LIMITED (USD) COMM TANZANIA 

CASIA-PACIFIC BANGLADESH TELECOM LIMITED COMM BANGLADESH 

CPAK-PAKISTAN MOBILE COMMUNICATION(PMCL) COMM PAKISTAN 

AGROTERMINAL LTD. CONS RUSSIA 

ATLANTIC GROUP (UGANDA) LTD. CONS UGANDA 

CUSTOMIZED CONSTRUCTION, INC. CONS AFGHANISTAN 

INTERNATIONAL DEVELOPMENT TRUST IRAQ CONS IRAQ 

ROUMEL DEVELOPMENT CORPORATION 2 CONS BOSNIA-HERZEGOVINA 

INTERNATIONAL VILLAGE SH.P.K. CONS KOSOVO 

GHP(HONDURAS)LLC/GLOBAL HOUSING DEVELOPMENT CONS HONDURAS 

MASKAN, INC. (TRANCHE A) CONS AFGHANISTAN 

AFCO-KANDAHAR VALLEY, LLC CONS AFGHANISTAN 

ROUMEL DEVELOPMENT CORPORATION CONS BOSNIA-HERZEGOVINA 

JOPA VILLAS, LLC CONS KENYA 
Proprietary & Confidential A-2

Project Name Sector Country 

AMEBRASIL CONSTRUCOES LIMITADA CONS BRAZIL 

WBC-MONOLITHIC HOUSING S.A. CONS MEXICO 

SIGMA INTERNATIONAL CONSTRUCTION LLC. CONS IRAQ 

CENTRAL EAST AFRICA RAILWAYS COMPANY LIMITED CONS MALAWI 

CONDOMINIOS RIVERSIDE ETAPA II, S.A. CONS COSTA RICA 

SOUTH AFRICA FINANCING ENTERPRISE CONS SOUTH AFRICA 

VISTAS BELIZE LTD CONS BELIZE 

CORREDOR DE DESENVOLVIMENTO DO NORTE S.A.R.L CONS MOZAMBIQUE 

SOCIEDAD CONCESIONARIA VESPUCIO NORTE EXPRES CONS CHILE 

EMERGENCY LIQUIDITY FACILITY, L.P. FIN LATIN AMERICA REGIONAL 

AEGIS INVESTMENT COMPANY FIN ALL OPIC COUNTRIES 

CITIBANK, N.A.(RUSSIA/CIS LENDING FACILITY) FIN NIS REGIONAL 

MIDDLE EAST INVESTMENT INITIATIVE,INC. FIN GAZA 

CITIBANK, N.A.(PAKISTAN ON LENDING FACILITY) FIN PAKISTAN 

HONDURAS HOMES, S.A. FIN HONDURAS 

AFGHAN GROWTH FINANCE LLC FIN AFGHANISTAN 

BANCO DE CREDITO CENTROAMERICANO, S.A. FIN NICARAGUA 

BANCO DE CREDITO CENTROAMERICANO, S.A. FIN NICARAGUA 

BANCO LAFISE HONDURAS, S.A. FIN HONDURAS 

CMFI-K-REP BANK FIN KENYA 

FIRST MORTGAGE COMPANY UCO, LLC FIN ARMENIA 

HFA ZAMBIA LIMITED FIN ZAMBIA 

INTER-MAC INTERNATIONAL, INC. FIN HONDURAS 

IRAQ MIDDLE MARKET DEVELOPMENT FOUNDATION FIN IRAQ 

MIDDLE EAST INVESTMENT INITIATIVE, INC. FIN GAZA 

NHCAPSTONE HOLDING GROUP LIMITED FIN LEBANON 

RUSSIAN ASSET MBS, S.A. FIN RUSSIA 

TAMEER MICROFINANCE BANK LIMITED FIN PAKISTAN 

THE COOPERATIVE HOUSING FOUNDATION LEBANON FIN LEBANON 

W3-BANCO FINANCIERO DEL PERU FIN PERU 

W3-RIZAL COMMERCIAL BANKING CORP FIN PHILIPPINES 

W3-SEKERBANK A.S. FIN TURKEY 

MEII-AL RAFAH BANK FIN WEST BANK 

MEII-BANK OF PALESTINE FIN WEST BANK 

COUNTERPART INTERNATIONAL, INC. FIN PHILIPPINES 

CMFI-TAMWEELCOM FIN JORDAN 

THE COOPERATIVE HOUSING FOUNDATION FIN MEXICO 

CALVERT SOCIAL INVESTMENT FOUNDATION FIN ALL OPIC COUNTRIES 

CMFI-FINANCIERA SOLIDARIA (FINSOL) FIN HONDURAS 

CMFI-UGANDA FINANCE TRUST FIN UGANDA 

CMFI-PRIDE UGANDA FIN UGANDA 

CMFI-CENTER FOR AGRICULTURE & RURAL DEVELOP FIN PHILIPPINES 

LIBERIAN ENTERPRISE DEVELOPMENT FINANCE CO. FIN LIBERIA 

CMFI-UGANDA MICROFINANCE LIMITED FIN UGANDA 

CONSERVATION INTERNATIONAL FOUNDATION FIN ALL OPIC COUNTRIES 

NCB-DENIZBANK PURPOSE B FIN TURKEY 

CMFI-APOYO INTEGRAL, S.A. DE C.V. FIN EL SALVADOR 
Proprietary & Confidential A-3

Project Name Sector Country 

CMFI-FUNDACION INTEGRAL COMUNITARIA (FINCA) FIN MEXICO 

BANCO LAFISE HONDURAS, S.A. FIN HONDURAS 

WBC-RABITABANK OJSC FIN AZERBAIJAN 

THE COOPERATIVE HOUSING FOUNDATION FIN ROMANIA 

SOA KREDIT NON-BANKING CREDIT ORGANIZATI LLC FIN AZERBAIJAN 

THE COOPERATIVE HOUSING FOUNDATION FIN ROMANIA 

MICROFINANCE SECURITIES XXEB SA JUNIOR FIN ALL OPIC COUNTRIES 

PROCREDIT, S.A. FIN MOLDOVA 

NCB-NBD BANK, JOINT-STOCK COMPANY FIN RUSSIA 

CMFI-KAZMICROFINANCE LLC FIN KAZAKHSTAN 

RKU FRANCHISING LIMITED FIN RUSSIA 

W2-FINANSBANK A.S. FIN TURKEY 

GLOBAL PARTNERSHIPS MICROFINANCE FUND2006LLC FIN LATIN AMERICA REGIONAL 

CPAK2-KASHF FOUNDATION FIN PAKISTAN 

PROCREDIT BANK (TRANCHE 2) FIN UKRAINE 

W2-ANADOLUBANK FIN TURKEY 

W2-AYSA FINANS FIN TURKEY 

CHF/L-FRANSABANK S.A.L. FIN LEBANON 

BANCO LAFISE, S.A. (TRANCHE 3) FIN COSTA RICA 

BANCO DE CREDITO CENTROAMERICANO, S.A. FIN NICARAGUA 

WBC-GEORGIAN LEASING COMPANY, LLC FIN GEORGIA 

CSI LATINA FINANCIAL, INC. FIN MEXICO 

GREENWICH FINANCIAL SERVICES, L.L.C. FIN RUSSIA 

MICROFINANCE SECURITIES XXEB SA SENIOR FIN ALL OPIC COUNTRIES 

EMERGING MARKETS CONSULTING (PRIVATE) LTD. FIN PAKISTAN 

IRAQ MIDDLE MARKET DEVELOPMENT FOUNDATION FIN IRAQ 

WBC-NBD BANK FIN RUSSIA 

CHF/L-JAMAL TRUST BANK S.A.L. FIN LEBANON 

WBC-OJSC COMMERCIAL BANK "SDM-BANK" FIN RUSSIA 

CASIA-LANKA ORIX LEASING COMPANY LTD. FIN SRI LANKA 

SOA KREDIT NON-BANKING CREDIT ORGANIZATI LLC FIN AZERBAIJAN 

W3-CREDICORP BANK, S.A. FIN PANAMA 

NCB-DENIZBANK A. FIN TURKEY 

GHANA HOME LOANS (FUND 1) LIMITED FIN GHANA 

W2-BANK CENTERCREDIT FIN KAZAKHSTAN 

WBC-ZAO DELTALEASING FIN RUSSIA 

WBC-BANK OF GEORGIA FIN GEORGIA 

WBC-INDEPENDENT LEASING, LLC FIN RUSSIA 

WBC-SOTSYALNIY GORODSKOY BANK (SOTSGORBANK) FIN RUSSIA 

BANCO LAFISE S.A. FIN COSTA RICA 

W-BANCO FINANCIERA COMERCIAL HONDURENA FIN HONDURAS 

PROCREDIT BANK FIN UKRAINE 

MICROFINANCE SECURITIES XXEB SA MEZZANINE FIN ALL OPIC COUNTRIES 

W2-FIRST INVESTMENT BANK BULGARIA FIN BULGARIA 

W2-TEKSTIL BANKASI, A.S. FIN TURKEY 

UMBRALCAPITAL, S.A.P.I. DE C.V. FIN MEXICO 

NCB2 -OYAK BANK A.S. FIN TURKEY 
Proprietary & Confidential A-4

Project Name Sector Country 

NCB2-TURK EKONOMI BANKASI A.S.(T.E.B.) FIN TURKEY 

NCB2-BANK ASYA KATALIM, A.S. FIN TURKEY 

W-FIRST INVESTMENT BANK FIN BULGARIA 

CSA-BANCO REGIONAL, S.A. FIN PARAGUAY 

NCB-OJSC SIBACADEMBANK FIN RUSSIA 

CCA2-BANCA PROMERICA, S.A. FIN COSTA RICA 

CCA2-BANCO IMPROSA, S.A. FIN COSTA RICA 

CCA2-BANCO MERCANTIL, S.A. FIN HONDURAS 

SMALL BUSINESS CREDIT BANK (TRANCHE A) FIN RUSSIA 

SMALL BUSINESS CREDIT BANK (TRANCHE B) FIN RUSSIA 

CSA-BANCO PROCREDIT ECUADOR FIN ECUADOR 

NCB3-LOCKO BANK FIN RUSSIA 

NCB3-TRANSCAPITAL BANK JSC FIN RUSSIA 

W2-BANCO DEL PAIS, S.A. FIN HONDURAS 

W2-PROBUSINESSBANK FIN RUSSIA 

W3-BANCO PINE, S.A. FIN BRAZIL 

W3-BANCO REFORMADOR, S.A. FIN GUATEMALA 

CASIA-BRAC FIN BANGLADESH 

CASIA-SKS MICROFINANCE PRIVATE LTD. FIN INDIA 

CHOUS-BANCO DE LA PRODUCCION S.A. FIN NICARAGUA 

NCB3-BANCO PINE S.A. FIN BRAZIL 

W2-ALLIANCE BANK FIN KAZAKHSTAN 

NCB3-CENTER-INVEST BANK JSC FIN RUSSIA 

CPAK-ORIX LEASING PAKISTAN LIMITED FIN PAKISTAN 

CLEB-BANQUE LIBANO-FRANCAISE S.A.L. FIN LEBANON 

BAN-CREDITO INMOBILARIO S.A. DE C.V. FIN MEXICO 

BANCO LAFISE, S.A. (TRANCHE 2) FIN COSTA RICA 

NCB2-BANCO MERCANTIL DO BRASIL S.A. FIN BRAZIL 

W2-SIBACADEMBANK FIN RUSSIA 

W2-TURK EKONOMI BANK FIN TURKEY 

CLOSED JOINT STOCK COMPANY DELTALEASING FIN RUSSIA 

NCB3-ROSEUROBANK FIN RUSSIA 

INTERNATIONAL MORTGAGE BANK FIN UKRAINE 

NCB2-TURK EKONOMI BANKASI A.S. PURPOSE B FIN TURKEY 

W-OYAK BANK FIN TURKEY 

W3-TURKIYE GARANTI BANKASI AS FIN TURKEY 

NCB3-BANK CENTER CREDIT JSC FIN KAZAKHSTAN 

CNIS-JSC KAZKOMMERTSBANK FIN KAZAKHSTAN 

CNIS-JSC HALYK BANK FIN KAZAKHSTAN 

CHOUS-BANCO FINANCIERA COMMERCIAL HONDURENA FIN HONDURAS 

NCB2 -BANK TURAN ALEM FIN KAZAKHSTAN 

W2-OYAK BANK A.S. FIN TURKEY 

NCB2-JSC PROMSVYAZBANK FIN RUSSIA 

W2-BANCO ATLANTIDA FIN HONDURAS 

PROCREDIT HOLDING A.G. FIN ALL OPIC COUNTRIES 

W2-JSC BANK TURAN ALEM FIN KAZAKHSTAN 

IRAQ MIDDLE MARKET DEVELOPMENT FOUNDATION FIN IRAQ 
Proprietary & Confidential A-5

Project Name Sector Country 

W2-AKBANK T.A.S. FIN TURKEY 

ZAO EUROPLAN FIN RUSSIA 

CHOUS-BANRURAL S.A. FIN GUATEMALA 

CLEB2-BANK AUDI SAL-AUDI SARADAR GROUP FIN LEBANON 

NCB3-ALLIANCE BANK JSC FIN KAZAKHSTAN 

NCB3-ATF BANK JSC FIN KAZAKHSTAN 

REFORMA BLN-BACKED I FIN MEXICO 

CLEB-BANKMED S.A.L. FIN LEBANON 

CLEB-BYBLOS BANK S.A.L. FIN LEBANON 

BLUEORCHARD MICROFINANCE SECURITIES I LLC FIN ALL OPIC COUNTRIES 

TRADE BANK OF IRAQ FIN IRAQ 

ZAO COMMERCIAL BANK DELTACREDIT FIN RUSSIA 

ZAO EUROPLAN FIN RUSSIA 

HOUSING FOR HIV, INC. FIN SOUTH AFRICA 

PT. PADI MURNI INDONESIA MFR INDONESIA 

ELLICOTT DREDGES IRAQ, LLC MFR IRAQ 

NAMGEM TRADING BVI LIMITED MFR NAMIBIA 

PALCO SP.ZO.O. MFR POLAND 

TB-WISENBAKER BUILDING SERVICES, LTD. MFR BRAZIL 

ZAO SOLNTSE MEXICO MFR RUSSIA 

PURPLE RHINO IMPORTS, INC. MFR SOUTH AFRICA 

NATURA BEVERAGE LLC MFR CAMEROON 

DESARROLLO DE RIO PACORA SA MFR PANAMA 

DESARROLLO DE RIO PACORA SA MFR PANAMA 

GOLDEN CYPRESS WATER CO. LTD. MFR PHILIPPINES 

ZAO NUMOTECH-SPEKTR MFR RUSSIA 

RAYMOND DE VENEZUELA, C.A. MFR VENEZUELA 

WESTSTAR PRECISION, INC. MFR COSTA RICA 

NATURA BEVERAGE, LLC MFR CAMEROON 

MAGNUM MACHINING INCORPORATED MFR MEXICO 

QWO JOINT STOCK COMPANY MFR AFGHANISTAN 

ADOBERIA SAHEL, S.A. MFR MALI 

V G ENTERPRISES, INC. MFR RUSSIA 

CASAMAR MAURITIUS, LTD./CASAMAR INDIAN OCEAN MFR MAURITIUS 

SERVICIO GRAFICOS QUIPUS MFR BOLIVIA 

BAKU OIL TOOLS, LTD. MFR AZERBAIJAN 

DOMES INTERNATIONAL, INC. MFR ASIA REGIONAL 

SAFI APPAREL CORPORATION MFR AFGHANISTAN 

CAMAS GHANA INC. MFR GHANA 

CPAK2-ENGRO VOPAK TERMINAL LTD MFR PAKISTAN 

NUMOTECH, INC. MFR RUSSIA 

AFRICAN-AMERICAN TRADING COMPANY, INC. MFR GHANA 

RAYMOND DE VENEZUELA, C.A. MFR VENEZUELA 

PRODUCTORA DE PAPELES SA (SUBORDINATED DEBT) MFR COLOMBIA 

WBC-PREFERRED BRANDS INTERNATIONAL, LLC MFR INDIA 

ZAO NYPRO MFR RUSSIA 

SWEETWATER PAKISTAN (PRIVATE) LIMITED MFR PAKISTAN 
Proprietary & Confidential A-6

Project Name Sector Country 

QWO JOINT STOCK COMPANY MFR AFGHANISTAN 

ACAI DO AMAPA AGROINDUSTRIAL LTDA. MFR BRAZIL 

SANTE GMT PRODUCTS LTD. MFR GEORGIA 

WBC-PREFERRED BRANDS INTERNATIONAL, LLC MFR INDIA 

LAGRAY CHEMICAL COMPANY LTD MFR GHANA 

MOUNTAIN PASTURES HOLDINGS LLC MFR AFGHANISTAN 

WBC-INTERFARMA TIBBI MALZEMELER SANAYI VE TI MFR TURKEY 

CSA-CORPORACION JOSE R. LINDLEY, SA-2 MFR PERU 

WBC-CORPORATIVO PAPELERO Y DE SUMINISTROS BA MFR MEXICO 

GOLDEN SIERRA PARTNERS, LLC MFR ESTONIA 

WBC-DELTA PLASTIK ENDUSTRISI A.S. MFR TURKEY 

WBC-KELLY GRAINS CORPORATION S.R.L. MFR MOLDOVA 

ABI GROUP LTD. MFR AFGHANISTAN 

WBC-SFC ENTEGRE ORMAN URUNLERI SANAYI VE TIC MFR TURKEY 

WBC-JSC POLIGRAF LAND MFR RUSSIA 

PREFABRICADOS Y MODULARES DE MONTERREY(PYMM) MFR MEXICO 

PHYTO-RIKER PHARMACEUTICALS LTD. MFR GHANA 

CPAK-LUCKY CEMENT LIMITED MFR PAKISTAN 

PRODUCTORA DE PAPELES SA (PROPAL) MFR COLOMBIA 

CPAK-D.G.KHAN CEMENT COMPANY LIMITED MFR PAKISTAN 

CAFR-MIDDLE EAST COMPLEX FOR ENGINEERING MFR JORDAN 

CSA-CORPORACION JOSE R. LINDLEY, S.A. MFR PERU 

COMPANIA MINERA PIMENTON SA MINE CHILE 

BRAZILIAN EMERALDS,INC. MINE BRAZIL 

ADVANCED CENTRAL GAS COMPANY LIMITED OIL JORDAN 

BRAVO ENERGY MEXICO SRL DE CV OIL MEXICO 

PARKO SERVICES, S.A. OIL COLOMBIA 

BRAVO ENERGY ARGENTINA SCA OIL ARGENTINA 

PT. TUCAN PUMPCO SERVICES INDONESIA OIL INDONESIA 

JOSHI TECHNOLOGIES INTERNATIONAL, INC. OIL COLOMBIA 

BRAVO ENERGY MEXICO SRL DE CV OIL MEXICO 

GOLDHAM PTY LTD.T/A KALAHARI GAS CORPORATION OIL BOTSWANA 

E.P. INTEROIL, LTD. OIL PAPUA NEW GUINEA 

RPK-VYSOTSK "LUKOIL-II" OIL RUSSIA 

WILPRO ENERGY SERVICES (PIGAP II) LTD. OIL VENEZUELA 

WILPRO ENERGY SERVICES (EL FURRIAL) LIMITED OIL VENEZUELA 

ACCROVEN SRL OIL VENEZUELA 

NATURAL GAS LIQUIDS (II) FINANCING COMPANY OIL NIGERIA 

MATH HYDRO POWER (PVT) LTD. POWER SRI LANKA 

E+CO, INC. POWER HONDURAS 

TRIANGLE GENERAL CONTRACTORS, INC. POWER KOSOVO 

AES JORDAN PSC POWER JORDAN 

PAITON ENERGY COMPANY POWER INDONESIA 

JORF LASFAR ENERGY COMPANY POWER MOROCCO 

ADAPAZARI ELEKTRIK URETIM LTD. SIRKETI POWER TURKEY 

TRAKYA ELEKTRIK POWER TURKEY 

NEPC CONSORTIUM POWER LTD.(HARIPUR) POWER BANGLADESH 
Proprietary & Confidential A-7

Project Name Sector Country 

DOGA ENERJI POWER TURKEY 

IZMIR ELEKTRIK URETIM LTD SIRKETI POWER TURKEY 

GEBZE ELEKTRIK URETIM LTD SIRKETI POWER TURKEY 

TERMOBARRANQUILLA, S.A. POWER COLOMBIA 

PAITON ENERGY COMPANY POWER INDONESIA 

AMERICAN WOOL-CASHMERE, INC. SVC AFGHANISTAN 

INTERCOMP CJSC SVC RUSSIA 

SUMMIT ASSOCIATES, LTD. SVC AFGHANISTAN 

DEXTER SAFETY & INDUSTRIAL PRODUCTS, INC. SVC MEXICO 

RAPID MAIL COMPANY LIMITED SVC BELIZE 

GILBERTO J.M.GONZALEZ/DBA/FERRETERIA MORALES SVC NICARAGUA 

GLOBAL DESIGN, S.A. SVC PANAMA 

PRINCETON HEALTHCARE SVC BRAZIL 

INSTITUTO CULINARIO SANTA LUCIA,S.A. SVC NICARAGUA 

IBS HOLDINGS, LLC SVC AFGHANISTAN 

SUBWAY RUSSIA, LLC SVC RUSSIA 

LIVING WATER INTERNATIONAL SVC KENYA 

ADMINISTRADORA DE INVERSIONES PEGGY, S.A. SVC GUATEMALA 

ABAMEDIA, L.P.(TRANCHE A) SVC RUSSIA 

MEDPHARM, INC. SVC ETHIOPIA 

S&N PUMP AFRICA, LDA SVC ANGOLA 

GEOSURVEY INTERNATIONAL LLC SVC KENYA 

THREE PAPAS, INC. SVC RUSSIA 

QSI INTERNATIONAL SCHOOL OF TBILISI SVC GEORGIA 

NH SERVICOS DE SINALIZACAO LTDA. SVC BRAZIL 

INTERNATIONAL COMMUNITY SCHOOL LIMITED SVC GHANA 

ISTANBUL INTERNATIONAL COMMUNITY SCHOOL (B) SVC TURKEY 

MAJESTIC GROUP KOREA, LTD. SVC KOREA (SOUTH) 

TIS LTD. SVC UZBEKISTAN 

INTERNET GABON, SA SVC GABON 

AMERICAN EMBASSY SCHOOL OF LUSAKA SVC ZAMBIA 

THREE PAPAS, LLC SVC RUSSIA 

WESTWOOD INTERNATIONAL SCHOOL SVC BOTSWANA 

WBC-ZAO AIRES SVC RUSSIA 

WINNER GROUP UKRAINE, INC. SVC UKRAINE 

AMERICAN INTERNATIONAL SCHOOL SYSTEMS, INC. SVC PAKISTAN 

WBC-VALLARTA VISION Y MISION A.C. SVC MEXICO 

AMERICAN WOOL-CASHMERE, INC. SVC AFGHANISTAN 

RB-AMERICAN COOPERATIVE SCHOOL OF TUNIS SVC TUNISIA 

SALVATIERRA DESARROLLOS URBANOS, S.A. DE C.V SVC MEXICO 

AMERICAN INTERNATIONAL SCHOOL OF ABUJA SVC NIGERIA 

WBC-COMERCIAL LAEISZ, S.A. DE C.V. SVC HONDURAS 

NEW YORK PIZZA CO. LTD. SVC RUSSIA 

ISTANBUL INTERNATIONAL COMMUNITY SCHOOL,INC. SVC TURKEY 

WBC-ZAO AIRES SVC RUSSIA 

WBC-ATLANTIC GROUP LIMITED SVC UKRAINE 

CNIS-IKEA SVC RUSSIA 
Proprietary & Confidential A-8

Project Name Sector Country 

FIXED RATE FUNDING & LIQUIDITY LTD (HWD SPA) SVC ALGERIA 

TAYL INVESTORS GROUP LIMITED TOUR AFGHANISTAN 

MONGOLIAN RESORTS XXK TOUR MONGOLIA 

MALIKA HOTEL BUKHARA, LLC TOUR UZBEKISTAN 

DESARROLLOS DE LOS SUENOS, S.A. TOUR ARGENTINA 

MERCURY INVESTMENTS LIMITADA TOUR MOZAMBIQUE 

GAMETRACKERS MANAGEMENT LTD (NYATI LODGE) TOUR MOZAMBIQUE 

HERMITAGE HOSPITALITY FRANCHISING LIMITED TOUR RUSSIA 

M/N BUTLER MIMARLAR ARASTIRMA TASARI LTD. TOUR TURKEY 

COMPANIA GENERAL DE COMERCIO E INDUSTRIA SA TOUR ARGENTINA 

SOM OTELCILIK VE TURIZM TICARET A.S. TOUR TURKEY 

TANRUSS INVESTMENT LTD TOUR TANZANIA 

TANRUSS INVESTMENT LTD TOUR TANZANIA 

ARMENIA HOTEL COMPLEX CLOSED JSC TOUR ARMENIA 

JOINT STOCK COMPANY HOTEL TBILISI TOUR GEORGIA 

IZMIR INTERNATIONAL HOTEL AS TOUR TURKEY 

SOM OTELCILIK VE TURIZM TICARET A.S. TOUR TURKEY 

MORUMBY HOTEIS LTDA. TOUR BRAZIL 

AMERICAN MONOLITH LTD TRAN GEORGIA 

RED CARRETERAS DE OCCIDENTE, S. DE RL DE CV TRAN MEXICO 

TRANSNATIONAL AUTOMOTIVE GROUP-CAMEROON S.A. TRAN CAMEROON 

PACIFIC SUBSEA SAIPAN 2 TRAN THAILAND 

PACIFIC SUBSEA SAIPAN 3 TRAN THAILAND 

PACIFIC SUBSEA SAIPAN, INC. TRAN THAILAND 

DAYSTAR AIRWAYS LTD (DBA NEVIS EXPRESS) TRAN ST. CHRISTOPHER & NEVIS 

DAYSTAR AIRWAYS TRAN ST. CHRISTOPHER & NEVIS 

NORTH AMERICAN FLOAT PLANE SERVICE SAC TRAN PERU 

LODOM SP.ZO.O-FACILITY B TRAN POLAND 

PACIFIC INTERNATIONAL HOLDINGS, INC. TRAN GEORGIA 

CORPORACION QUIPORT S.A. TRAN ECUADOR 

TARSIAN & BLINKLEY LLC N/A AFGHANISTAN 

ABC.R.O., INC N/A EUROPE/EURASIA 

MASKAN, INC. (Tranche B) N/A AFGHANISTAN 

BESCH INT'L, INC/SAN MARTIN FARMS CIA. LTDA. N/A ECUADOR 

GLOBAL RAILROAD LEASING, LLC N/A BRAZIL 

LIVING WATER INTERNATIONAL N/A KENYA 

BAGRAM FRUIT PACKING COMPANY N/A AFGHANISTAN 

GAMA LTD N/A GEORGIA 

SPORTS INTERNATIONAL BILKENT FITNESS VE SPOR N/A TURKEY 

BRAZILIAN EMERALDS,INC. N/A BRAZIL 

COMPANIA GENERAL DE COMERCIO E INDUSTRIA SA N/A ARGENTINA 

BIURO PROJEKTOWANIA SYSTEMOW CYFROWYCH S.A. N/A POLAND 

BAJA TRANSPORTATION/BAJA SALT N/A EL SALVADOR 

DARA SALAM REAL ESTATE DEVELOPERS N/A GHANA 

UNIGESTION HOLDING S.A. (digicel Haiti) N/A HAITI 

WEND-REY RESTAURANTS LTD N/A MEXICO 

GLOBAL RAILROAD LEASING, LLC N/A BRAZIL 
Proprietary & Confidential A-9

Project Name Sector Country 

FARO DE AQUA SA DE C.V. N/A MEXICO 

ASIAN CREDIT FUND CREDIT COOP LLC N/A KAZAKHSTAN 

OOO AIR STRUCTURES AMERICAN TECHNOLOGIES N/A RUSSIA 

V-TRAC HOLDINGS Ltd N/A VIETNAM 

SHORE OVERSEAS AZERBAIJAN N/A AZERBAIJAN 

THE POWERSOURCE GROUP LLC N/A PHILIPPINES 

XTREME CINEMAS, SRL De C.V./iehc, Inc N/A MEXICO 

CLOSED JOINT STOCK COMPANY shvydko-ukraine 2 N/A UKRAINE 

LEMNA DE MEXICO S.A. De C.V. N/A MEXICO 

CLOSED JOINT STOCK COMPANY shvydko-ukraine 1 N/A UKRAINE 

CENTURY 21 RUSSIA N/A RUSSIA 

PAKISTAN MORTGAGE GUARANTY TRUST N/A PAKISTAN 

GAME VIEWERS LTD / GAME TRACKERS (botswana)ltd N/A BOTSWANA 

TIGER MACHINERY COMPANY LLC N/A RUSSIA 

INTERNATIONAL VILLAGE PRISTINA N/A KOSOVO 

MICROFINANCE INTERNATIONAL CORPORATION N/A LATIN AMERICA REGIONAL 

CNIS-OJSC RG BRANDS N/A KAZAKHSTAN 

DEAMAR NIGERIA LLC N/A NIGERIA 

TEKFENBANK N/A TURKEY 

XTREME CINEMAS S.DE RI/XTREME DEL PONIENTE N/A MEXICO 

BANCO UNO SA N/A PANAMA 

BAN-FINANCIERA COMPARTAMOS S.A. N/A MEXICO 

GLOBAL RAILROAD LEASING, LLC N/A BRAZIL 

MEDYCYNA RODZINNA S.A. N/A POLAND 

AFGHANISTAN RENEWAL FUND, LTD N/A AFGHANISTAN 

ZAO MS-SPETSTELEKOM N/A RUSSIA 

RIO VERDE, S.A. N/A NICARAGUA 

ZAO ASTON N/A RUSSIA 

GUATEMALA MORTGAGE CORPORATION N/A GUATEMALA 

SIRIUS WIRELESS, LTD N/A NIGERIA 

WBC-NEWCOM LTD N/A LATIN AMERICA REGIONAL 

DODSON-LINDBLOM HYDRO POWER PRIVATE LTD N/A INDIA 

NCB2-FINANSBANK A.S. N/A TURKEY 

CAFR-MILLICOM GHANA LTD N/A GHANA 

TECNOQUAT S.A. N/A GUATEMALA 

ABSOLUT BANK N/A RUSSIA 

CITIBANK N.A. (al-mansour automotive co) N/A EGYPT 

CNIS-OAO NIZHEKAMSKNEFTEKHIM (nknk) N/A RUSSIA 

TAVL LIMITED (hyatt regency kabul) N/A AFGHANISTAN 

DENIZBANK ISTANBUL N/A TURKEY 

LKI, INTERNATIONAL N/A NAMIBIA 

CE LUZON GEOTHERMAL POWER CO N/A PHILIPPINES 

HIDROELECTRICA RIO HONDO S.A. N/A GUATEMALA 

PUERTO QUETZAL POWER LLC N/A GUATEMALA 

EMPRESA DE TELECOMMUNICATIONS NUEVATEL SA N/A BOLIVIA 

IRAQ MIDDLE MARKET FACILITY - Tranche B N/A IRAQ 

CMS ENSENADA S.A. N/A ARGENTINA 
Proprietary & Confidential A-10

Project Name Sector Country 

LIMA AIRPORT PARTNERS S.R.L N/A PERU 

LIVING WATER INTERNATIONAL (ghana) N/A GHANA 

TNT PRODUCTIONS INTERNATIONAL INC N/A KAZAKHSTAN 

INFINITY N/A NICARAGUA 

FOURSAN N/A JORDAN 

CEMACO N/A GUATEMALA 

MILLICOM (CITIBANK) N/A TANZANIA 

WBC-ICS PRIME CAPITAL N/A MOLDOVA 

BANK POSITIF KREDIT N/A TURKEY 

AL-QUDS BANK N/A WEST BANK 

INDEPENDENT LEASING LLC N/A RUSSIA 

CMFI (CITIBANK) PHILIPPINES N/A PHILIPPINES 

STACK GROUP – SAFE DATA SERVICES N/A RUSSIA 

SANGHVI MOTORS N/A INDIA 

INSURANCE 

Inversiones Agropecuarias, S.A. AGRI NICARAGUA 

Farmer George Limited AGRI GHANA 

Granton Safaris CC AGRI SOUTH AFRICA 

BAGRAM FRUIT PACKING COMPANY AGRI AFGHANISTAN 

Finca La Cruz AGRI ARGENTINA 

Ministry of Water Resources AGRI IRAQ 

Bagram Fruit Packing Company AGRI AFGHANISTAN 

International Foundation of Hope AGRI AFGHANISTAN 

El Saladero, UY SRL AGRI URUGUAY 

Seminole S.A. AGRI NICARAGUA 

Siberian Farms L.L.C. AGRI RUSSIA 

Finca Calle Larga, Calle Large Vieja AGRI ARGENTINA 

El Saladero, UY SRL AGRI URUGUAY 

N/A AGRI GUINEA-BISSAU 

Best Value Zambia Limited AGRI ZAMBIA 

ZAO VG Enterprises Inc AGRI RUSSIA 

Desarrollo Industrial bioacuatico SA (dibsa) AGRI ECUADOR 

Camanica SA AGRI NICARAGUA 

VietnamNet Media Joint Stock Company COMM VIETNAM 

Ministry of Interior Affairs of the Republic of Serbia COMM SERBIA 

Brasil Telecom, S.A. COMM BRAZIL 

KATEL Joint Venture COMM KYRGYZ REPUBLIC 

teconvi SA COMM BRAZIL 

Ministry of Interior COMM MACEDONIA 

Ven World Telecom CA COMM VENEZUELA 

Ruralfone do Brasil, Ltda. COMM BRAZIL 

Ruralfone do Brasil, Ltda. COMM BRAZIL 

Ruralfone do Brasil, Ltda. COMM BRAZIL 

Ruralfone do Brasil, Ltda. COMM BRAZIL 

Ruralfone do Brasil, Ltda. COMM BRAZIL 

Ruralfone do Brasil, Ltda. COMM BRAZIL 

AXS Bolivia S.A. COMM BOLIVIA 
Proprietary & Confidential A-11

Project Name Sector Country 

Netmaster Communications S.R.L. COMM ROMANIA 

Caicos Television Holdings Ltd. COMM TURKS & CAICOS ISLANDS 

VietnamNet Media Joint Stock Company COMM VIETNAM 

AFCO - Kandahar Valley, LLC CONS AFGHANISTAN 

Mutual Ventures Limited CONS TANZANIA 

Administradora de Inversiones Peggy, S.A. CONS GUATEMALA 

S.C. Empire Tower S.R.L. CONS ROMANIA 

Open Joint Stock Company Terminal CONS RUSSIA 

Southern Coastal Properties Nicaragua, S.A., c/o Fernando CONS NICARAGUA 

Ministry of Water Resources CONS IRAQ 

Ministry of Finance of the Democratic Republic of Congo CONS CONGO 

Ministry of Finance of the Democratic Republic of Congo CONS CONGO 

ARC Construction Company, LLC CONS AFGHANISTAN 

Enterprise Homes Tanzania Limited, C/o Ishengoma, Masha CONS TANZANIA 

Global Housing Development, S.A. CONS HONDURAS 

General Directorate of Highways CONS TURKEY 

American International School of Abuja CONS NIGERIA 

Ministry of Finance of the Democratic Republic of Congo CONS CONGO 

Alterra Partners LLC CONS PERU 

NA CONS KENYA 

Hrvatske Autoceste DOO CONS CROATIA 

American International School of Abuja CONS NIGERIA 

Financiera TFC, S.A. FIN PERU 

OOO Morgan Stanley Bank FIN RUSSIA 

Banco de Credito Centroamericano, S.A. FIN NICARAGUA 

Morgan Stanley do Brasil Ltda. FIN BRAZIL 

HSBC bank of brazil SA - Banco multiplo FIN BRAZIL 

National Road Operating & Construction Co FIN JAMAICA 

Proficio d.d. FIN CROATIA 

Ghana Home Loans (Fund I) Limited FIN GHANA 

Kompanion Financial Group FIN KYRGYZ REPUBLIC 

Honduras Homes, S.A. FIN HONDURAS 

Kompanion Financial Group FIN KYRGYZ REPUBLIC 

Asya Katilim Bankasi A.S. FIN TURKEY 

Banco Pine FIN BRAZIL 

Merodent Zimbabwe (Pvt.) Ltd. MFR ZIMBABWE 

Ministry of Water Resources MFR IRAQ 

Nationwide Group of Companies, Inc. MFR LIBERIA 

Merodent Zimbabwe (Pvt.) Ltd. MFR ZIMBABWE 

Natura Beverage SARL MFR CAMEROON 

Ministry of Water Resources MFR IRAQ 

ZAO "ISP Optics, Saint-Petersburg" MFR RUSSIA 

Merodent Zimbabwe (Pvt.) Ltd. MFR ZIMBABWE 

Ministry of Water Resources MFR IRAQ 

Ministry of Water Resources MFR IRAQ 

A. Stucki - Rail MFR UKRAINE 

Not applicable MFR AFGHANISTAN 
Proprietary & Confidential A-12

Project Name Sector Country 

Merodent Zimbabwe (Pvt.) Ltd. MFR ZIMBABWE 

A. Stucki Rail MFR UKRAINE 

A. Stucki - Rail MFR UKRAINE 

SORWATHE S.A.R.L. MFR RWANDA 

Acai do Amapa Agroindustrial Ltda. MFR BRAZIL 

Instrum-Rand MFR RUSSIA 

Afghanistan Natural Beverages MFR AFGHANISTAN 

Minoterie du Congo, S.A. MFR CONGO 

Afghanistan Beverage Industries (ABI Group, Limited) MFR AFGHANISTAN 

Golden Cypress Water Co., LTD/Mrs Almera Guba-Gould MFR PHILIPPINES 

Golden Cypress Water Co., LTD/Mrs Almera Guba-Gould MFR PHILIPPINES 

Zao ISP Optics St. Petersburg MFR RUSSIA 

Domes International Inc - India Manufacturing Division MFR INDIA 

Cuirs Hawtan S.A. MFR HAITI 

ISP Optics Sankt Petersburg MFR RUSSIA 

Kimberly-Clark Peru SA MFR PERU 

Kimberly-Clark Costa Rica MFR COSTA RICA 

Colombiana Kimberly SA MFR COLOMBIA 

molinos del ecuador CA MFR ECUADOR 

Antarctica Empreendimentos e Participacoes Ltda. MFR BRAZIL 

PSI Do Brasil Servicios de Seguranca LTDA MFR BRAZIL 

ABI Group Ltd. MFR AFGHANISTAN 

Afritrack Angola LDA MFR ANGOLA 

KWABA - Sociedade Industrial e Comercial, S.A.R.L. MFR ANGOLA 

Les Moulins d'Haiti S.E.M. MFR HAITI 

Les Moulins D'Haiti S.E.M. (LMH) MFR HAITI 

Instrum-Rand MFR RUSSIA 

Lesotho Flour Mills Limited MFR LESOTHO 

Minoterie de Matadi, S.A.R.L. MFR CONGO, DEM. REPUBLIC OF 

Minoterie du Congo, S.A. MFR CONGO 

Mobeira, SARL MFR MOZAMBIQUE 

Minoterie de Matadi, S.A.R.L. MFR CONGO, DEM. REPUBLIC OF 

Pakistan Water and Power Development Authority ("WAPDA") MFR PAKISTAN 

Pakistan Water and Power Development Authority ("WAPDA") MFR PAKISTAN 

Kimberly-Clark Vietnam Co., Ltd. MFR VIETNAM 

National Milling Company Limited MFR ZAMBIA 

Coca-Cola Nigeria Limited MFR NIGERIA 

EQUATE Petrochemical Company K.S.C. (Closed) MFR KUWAIT 

Colombiana Universal de papeles SA MFR COLOMBIA 

Afritrack Angola LDA MFR ANGOLA 

PT cabot Chemical MFR INDONESIA 

Kimberly-Clark Thailand Limited MFR THAILAND 

Colombiana Kimberly Colpapel SA MFR COLOMBIA 

Kimberly-Clark Phillipines INC MFR PHILIPPINES 

Maksan Manisa Mesrubat Kutulama Sanayi AS MFR TURKEY 

White Star USA MINE RUSSIA 

Sector Resources, Ltd. Branch MINE COLOMBIA 
Proprietary & Confidential A-13

Project Name Sector Country 

Empresa Minera Manquiri S.A. MINE BOLIVIA 

Sociedad Minera Cerro Verde, S.A.A. MINE PERU 

White Star USA MINE RUSSIA 

N/A OIL NICARAGUA 

MKJ Exploraciones Internacionales, S.A. OIL NICARAGUA 

MKJ Exploraciones Internacionales, S.A. OIL NICARAGUA 

N/A OIL NICARAGUA 

PT Tucan Pumpco Services Indonesia OIL INDONESIA 

West African Gas Pipeline Company Limited OIL BENIN 

West African Gas Pipeline Company Limited OIL TOGO 

Baku Oil Tools LTD OIL AZERBAIJAN 

MKJ Exploraciones Internacionales, S.A. OIL NICARAGUA 

Foxtrot International LDC OIL COTE DIVOIRE 

West African Gas Pipeline Company Limited OIL GHANA 

Various Apache Egypt concession subsidiaries OIL EGYPT 

The Baku-Tbilisi-Ceyhan Pipeline Company OIL AZERBAIJAN 

N/A OIL EGYPT 

perforaciones western, CA OIL VENEZUELA 

Pride Forasol SAS OIL CHAD 

Israel electric corporation LTD OIL ISRAEL 

Zeta Gas De Centro America S.A. OIL GUATEMALA 

 POWER PHILIPPINES 

DV Technologies d.o.o. Belgrade POWER SERBIA 

DV Technologies d.o.o. Belgrade POWER SERBIA 

SEP Energy India Pvt. Ltd. POWER INDIA 

SEP Energy Pvt. Ltd. POWER INDIA 

Khozner HPP POWER KOSOVO 

MaTH Hydro Power (Pvt) Limited POWER SRI LANKA 

Puerto Cabezas Power S.A. POWER NICARAGUA 

P.H. Rio Volcan,S.A. POWER COSTA RICA 

Dominica Electricity Services Ltd. ("DOMLEC") POWER DOMINICA 

Termovalle S.C.A. .E.S.P. POWER COLOMBIA 

Fabmik Construction & Equipment Co Inc POWER PHILIPPINES 

Tipitapa Power Company Ltd. POWER NICARAGUA 

Gaza Power Generating Private Limited Company POWER GAZA 

Kidwell International Power Vietnam Company Limited POWER VIETNAM 

Grenada Electricity Services Limited POWER GRENADA 

Habibullah Coastal Power (Private) Company POWER PAKISTAN 

ContourGlobal Togo S.A. POWER TOGO 

CE Casecnan Water and Energy Company, Inc. POWER PHILIPPINES 

Gaza Power Generating Private Limited Company POWER GAZA 

P.H. Don Pedro, S.A. POWER COSTA RICA 

Doga Enerji Uretim Sanayi ve Ticaret L.S. POWER TURKEY 

P.H. Rio Volcan, S.A. POWER COSTA RICA 

Termovalle S.C.A. E.S.P. POWER COLOMBIA 

CE Casecnan Water and Energy Company, Inc. POWER PHILIPPINES 

Termobarranquilla S.A., Empresa de Servicios Publicos POWER COLOMBIA 
Proprietary & Confidential A-14

Project Name Sector Country 

AES Nigeria Barge Limited POWER NIGERIA 

National Power Corporation ("NAPOCOR") POWER PHILIPPINES 

the national power corporation POWER PHILIPPINES 

Bhote Koshi private company pvt ltd POWER NEPAL 

Tipitapa Power Company Ltd. POWER NICARAGUA 

PT Energi Sengkang POWER INDONESIA 

CBK power Company Limited POWER PHILIPPINES 

Turboven Maracay company POWER VENEZUELA 

Turboven Cagua company POWER VENEZUELA 

Isagan SA ESP POWER COLOMBIA 

The American Cooperative School of Tunisia SVC TUNISIA 

N/A SVC LEBANON 

Khudairi Trading Company Ltd. SVC IRAQ 

Universal Star Co. SVC UKRAINE 

N/A SVC UKRAINE 

Hill Estates Limited, P.O. Box 31617 SVC ZAMBIA 

American University of Beirut SVC LEBANON 

N/A SVC LEBANON 

Total Artefactos S.A. SVC PERU 

Samara Oblast SVC RUSSIA 

Ministry of Health of Samara Oblast SVC RUSSIA 

Hercules Liftboat Company Nigeria limited SVC NIGERIA 

NA SVC IRAQ 

Compexpo SVC HUNGARY 

 SVC RISK 

Relief International Branch Office SVC AFGHANISTAN 

Relief International Branch Office SVC PAKISTAN 

Relief International Branch Office SVC BANGLADESH 

Relief International Branch Offices SVC JORDAN 

Relief International Branch Office SVC TAJIKISTAN 

Relief International Branch Office SVC INDONESIA 

The Asia Foundation SVC MONGOLIA 

The Asia Foundation SVC EAST TIMOR 

The Asia Foundation SVC FIJI 

International Rescue Committee SVC COLOMBIA 

The International Rescue Committee SVC JORDAN 

International Rescue Committee SVC NEPAL 

Directorate General Procurement SVC PAKISTAN 

The Asia Foundation SVC BANGLADESH 

Relief International Branch Offices SVC SRI LANKA 

Gilberto Juan Morales Gonzalez, d/b/a Ferreteria Morales SVC NICARAGUA 

The Asia Foundation SVC SRI LANKA 

The Asia Foundation SVC PAKISTAN 

Relief International Branch Office SVC AZERBAIJAN 

Relief International Branch Office SVC SOMALIA 

Relief International Hebron Center of Excellence SVC WEST BANK 

Relief International Branch Offices SVC LEBANON 
Proprietary & Confidential A-15

Project Name Sector Country 

The Asia Foundation SVC VIETNAM 

The Asia Foundation SVC CAMBODIA 

International Rescue Committee, Inc. - Branch Offices SVC CHAD 

The Asia Foundation SVC NEPAL 

The Asia Foundation SVC PHILIPPINES 

The Asia Foundation Branch Offices SVC THAILAND 

International Rescue Committee - Eritrea SVC ERITREA 

International Rescue Committee, Inc. Branch Offices SVC CENTRAL AFRICAN REPUBLIC 

The Asia Foundation SVC KOREA (SOUTH) 

International Community School, Limited SVC GHANA 

IRC Branch Office SVC THAILAND 

International Rescue Committee, Inc. SVC AZERBAIJAN 

International Rescue Committee, Inc. SVC BOSNIA-HERZEGOVINA 

International Rescue Committee, Inc. SVC CONGO 

Asia Foundation SVC AFGHANISTAN 

Jl. Adityawarman SVC INDONESIA 

Colite Nicaragua S.A. SVC NICARAGUA 

International Rescue Committee, Inc. SVC RUSSIA 

International Rescue Committee, Inc. SVC RWANDA 

Government of Antigua and Barbuda SVC ANTIGUA & BARBUDA 

International Rescue Committee - Kenya SVC KENYA 

International Rescue Committee - branch offices SVC ETHIOPIA 

S&N Pump Africa LDA SVC ANGOLA 

International Rescue Committee, Inc. - Guinea SVC GUINEA 

International Rescue Committee - Pakistan SVC PAKISTAN 

Union "QSI International School of Tbilisi" SVC GEORGIA 

International Rescue Committee, Inc. - Branch Offices SVC UGANDA 

Rio Verde Water Consortium, Inc. SVC PHILIPPINES 

American Cooperative School of Tunis (ACST) Association SVC TUNISIA 

Colite El Salvador S.A., c/o Rusconi - SVC EL SALVADOR 

Sweetwater Pakistan (Private) Ltd. SVC PAKISTAN 

International Rescue Committee SVC LIBERIA 

International Rescue Committee - Jakarta SVC INDONESIA 

International Rescue Committee, Inc. branch offices SVC TANZANIA 

Tashkent International School SVC UZBEKISTAN 

International Rescue Committee SVC BURUNDI 

Colite Costa Rica, S.A. SVC COSTA RICA 

Colite Guatemala, S.A. SVC GUATEMALA 

International Rescue Committee, Inc. SVC AFGHANISTAN 

International Rescue Committee, Inc. - Branch Offices SVC SIERRA LEONE 

Wade Rain de Mexico, S. de R.L. de C.V. SVC MEXICO 

Colite Panama, S.A. SVC PANAMA 

Colite Honduras, S.A. SVC HONDURAS 

International Rescue Committee, Inc. branch offices SVC CONGO, DEM. REPUBLIC OF 

American International School System Private Limited SVC PAKISTAN 

Colite Panama, S.A. SVC PANAMA 

Colite El Salvador SA SVC EL SALVADOR 
Proprietary & Confidential A-16

Project Name Sector Country 

Colite Honduras, S.A. SVC HONDURAS 

Colite Nicaragua S.A. SVC NICARAGUA 

International Business Services SVC AFGHANISTAN 

Kabul maskan Company LTD (KMC) SVC AFGHANISTAN 

georgian leasing company LTD SVC GEORGIA 

International Rescue Committee Inc SVC JORDAN 

georgian leasing company LTD SVC GEORGIA 

princeton healthcare do brazil ltd SVC BRAZIL 

Medpharm Inc SVC ETHIOPIA 

Fabmik Construction & Equipment Co Inc SVC PHILIPPINES 

Lemna De Mexico, SA De CV SVC MEXICO 

Hercules Liftboat Company Nigeria limited SVC NIGERIA 

Compania General de Comercio e Industria S.A. TOUR ARGENTINA 

Joint Venture Italkyr CJSC TOUR KYRGYZ REPUBLIC 

Armenia Hotel Complex Closed Joint Stock Company TOUR ARMENIA 

Seven Hills International Hotel, Tourism & Trade A.S. TOUR TURKEY 

Tayl Limited TOUR AFGHANISTAN 

Joint Venture Italkyr CJSC TOUR KYRGYZ REPUBLIC 

M/N Butler Mimarlar Arastirma Tasari ve Yapi Ltd. Sti. TOUR TURKEY 

M/N Butler Mimarlar Arastirma Tasari ve Yapi Ltd. Sti. TOUR TURKEY 

Malika Barikhasi, LLC/Malika Hotel Bukhara TOUR UZBEKISTAN 

M/N Butler Mimarlar Arastirma Tasari ve Yapi Ltd. Sti. TOUR TURKEY 

Khiva Malikasi, LLC TOUR UZBEKISTAN 

Seminole S.A. TOUR NICARAGUA 

Malika Barikhasi, LLC/Malika Hotel Bukhara TOUR UZBEKISTAN 

Khiva Malikasi, LLC TOUR UZBEKISTAN 

Takoma LTD TOUR UZBEKISTAN 

Consolidada de Ferrys C.A. (Conferry) TRAN VENEZUELA 

Corporacion Quiport S.A. TRAN ECUADOR 

Corporacion Quiport S.A. TRAN ECUADOR 

Consolidada de Ferrys, C. A. (Conferry) TRAN VENEZUELA 

Kwapa Trading Co N/A Liberia 

St. Michael Enterprises N/A Yugoslavia 

OTHER 

AMERICAN EQUIPMENT CO., FLUOR CORP N/A Iraq 

MINISTRY OF WATER RESOURCES, BALTIMORE DREDGE N/A Iraq 

IMMDF, CITIBANK N/A Iraq 

TRADE BANK OF IRAQ, CITIBANK N/A Iraq 

SIGMA IRAQ LLC, SIGMA INTERNATIONAL CONSTRUCT N/A Iraq 

A. KHUDAIRI TRADING CO N/A Iraq 

MINISTRY OF WATER RESOURCES, UNITED MARINE INT’L N/A Iraq 

AL MANSOUR AUTOMOTIVE CO, CITIBANK N/A Iraq 

NATIONAL HOUSEHOLD PRODUCTS CO., CITIBANK N/A Iraq 

AL KHALIJ LABORATORIES-PHOTO SERVICES, CITIBANK N/A Iraq 

TECHNOLOGY PARTNERS, CITIBANK N/A Iraq 

AL-BAREEQ AIR CONDITIONING, CITIBANK N/A Iraq 

FURAT WATER, CITIBANK N/A Iraq 
Proprietary & Confidential A-17

Project Name Sector Country 

BAZIAN BRICKS PRODUCTION COMPANY, CITIBANK N/A Iraq 

HILAL AL KHAIR, CITIBANK N/A Iraq 

AL MUHANAD PLASTICS, CITIBANK N/A Iraq 

AL YOUSIF MODERN WHEAT FACTORIES, CITIBANK N/A Iraq 

DARCO WOODWORKING, CITIBANK N/A Iraq 

ROZHANO CO FOR GLASS MANUFACTURE, CITIBANK N/A Iraq 

AL HARMOOSH FOR GENERAL TRADING 

TOURISM/TRAVEL, CITIBANK N/A Iraq 

AL IHSAN AL DEEM, CITIBANK N/A Iraq 

QASIM JAWHAR KAREEM COMPANY (KURDISTAN FLOUR 

MILL), CITIBANK N/A Iraq 

KAIS PLANT FOR MINERAL WATER AND JUICE 

PRODUCTION, CITIBANK N/A Iraq 

JASSIM ROCK CRUSHER GRAVEL AND SAND 

CATEGORIZATION FACTORY, CITIBANK N/A Iraq 

RASUN COMPANY FOR POULTRY, CITIBANK N/A Iraq 

BURJ AL FANAR FOR READY MIX CONCRETE CO N/A Iraq 

STUDENT SOLIDARITY ORGANIZATION, CITIBANK N/A Iraq 

AL-MANSOUR AUTOMOTIVE COMPANY, CITIBANK N/A Iraq 

CINEMA SINBAD HOTEL COMPANY, ARCADD INC N/A Iraq 

MINISTRY WATER RESOURCES, BALTIMORE DREDGES N/A Iraq 

MINISTRY WATER RESOURCES, BALTIMORE DREDGES N/A Iraq 

MINISTRY WATER RESOURCES, BALTIMORE DREDGES N/A Iraq 

MINISTRY WATER RESOURCES, BALTIMORE DREDGES N/A Iraq 

MINISTRY WATER RESOURCES, BALTIMORE DREDGES N/A Iraq 

BEARING POINT IRAQ, BEARING POINT INC N/A Iraq 

IRAQI MIDDLE MARKET FINANCING FACILITY (IMMFF) 

FRAMEWORK AGREEMENT, CITIBANK N/A Iraq 

IRAQ MIDDLE MARKET DEVELOPMENT FOUNDATION N/A Iraq 

TRADE BANK OF IRAQ II, CITIBANK N/A Iraq 

ERBILL RESIDENTIAL DEVELOPMENT COMPANY, ERBIL 

HOUSING PROJECT N/A Iraq 

SGV MANAGEMENT COMPANY, ERBIL RESIDENTIAL 

DEVELOPMENT N/A Iraq 

AMERICAN EQUIPMENT CO, FLOUR ENTERPRISES INC N/A Iraq 

REPUBLIC OF IRAQ MINISTRY OF ELECTRICITY, GE 

CAPITAL MARKETS SERVICES N/A Iraq 

STATE OIL PROJECTS COMPANY, GENERAL ELECTRIC N/A Iraq 

H&W HOLDINGS GROUP LLC N/A Iraq 

H&W HOLDINGS GROUP LLC N/A Iraq 

INTERNATIONAL DEVELOPMENT TRUST LTD N/A Iraq 

INTERNATIONAL RESCUE COMMITTEE-IRAQ N/A Iraq 

IRAQ RECOVERY FUND LLC, EXCALIBUR VENTURES LLC, 

PRINCE STREET CAPITAL MANAGEMENT LLC, POTOMAC 

PARTNERS LLC N/A Iraq 

A. KHUDAIRI TRADING COMPANY LTD N/A Iraq 

KHUDAIRI TRADING COMPANY LTD, AZIZ KHUDAIRI N/A Iraq 

IRAQI MINISTRY OF WATER RESOURCES, LIQUID WASTE 

TECHNOLOGY LLC N/A Iraq 

MENA INDUSTRIES INC., MID NATIONAL HOLDINGS N/A Iraq 
Proprietary & Confidential A-18

Project Name Sector Country 

YAPA MUHENDISLIK INSAAT VE DIS TICARET LTD., 

MERIDIAN INVESTMENT MANAGEMENT INC N/A Iraq 

ORASCOM TELECOM IRAQ CORP, MOTOROLA CREDIT N/A Iraq 

MORRIS & MCDANIEL COMPANY N/A Iraq 

RELIEF INTERNATIONAL SCHOOLS ONLINE N/A Iraq 

RHMK IRAQ FUND, L.P. N/A Iraq 

SIGMA IRAQ, SIGMA INT’L CONSTRUCTION LLC N/A Iraq 

MINISTRY OF WATER RESOURCES, UNITED MARINE 

INTERNATIONAL LLC N/A Iraq 

ABDUL MAJEED AL-FRAIH GENERAL TRADERS/RAINIA 

WATERS, CITIBANK N/A Iraq 

ADVANCED TECHNOLOGY SYSTEMS, CITIBANK N/A Iraq 

AL AZZAWAI, CITIBANK N/A Iraq 

AL BAREEQ AIR CONDITIONING, CITIBANK N/A Iraq 

AL HARMOOSH GENERAL TRADING, CITIBANK N/A Iraq 

AL IHSAN A-DAEEM GENERAL CONTRACTING, CITIBANK N/A Iraq 

AL KHALIJ LABORATORIES-PHOTO SERVICES, CITIBANK N/A Iraq 

AL MUHANAD CO FOR PLASTIC INDUSTRIES, CITIBANK N/A Iraq 

AL RASHEED GYPSUM, CITIBANK N/A Iraq 

AL YOUSIF MODERN WHEAT FACTORIES, CITIBANK N/A Iraq 

ALIEDAD GENERAL CONSTRUCTION, CITIBANK N/A Iraq 

ARABIAN AERATED WATER CO LTD, CITIBANK N/A Iraq 

IMMDF-ARKAN HAMID FACTORY, CITIBANK N/A Iraq 

BALAK FACTORY, CITIBANK N/A Iraq 

BAZIAN BRICKS PRODUCTION CO, CITIBANK N/A Iraq 

BECKER FOR MAKING SELLING ALL KINDS, CITIBANK N/A Iraq 

BEZA FOR PREPARED CONCRETE LTD, CITIBANK N/A Iraq 

BURJ AL FANAR FOR READY MIX CONCRETE, CITIBANK N/A Iraq 

DARCO WOODWORKING COMPANY, CITIBANK N/A Iraq 

DARZELOCK COMPANY/GENERAL TRADING & EXPORT N/A Iraq 

FURAT WATER, CITIBANK N/A Iraq 

GARA FACTORY, CITIBANK N/A Iraq 

GEBALA CENTER COLLECT AND COOL MILK, CITIBANK N/A Iraq 

HASSAN MOHAMMED EINAD FOR WATER, CITIBANK N/A Iraq 

IRAQI METAL WEAVING COMPANY, CITIBANK N/A Iraq 

JASSIM CRUSHER GRAVEL AND SAND, CITIBANK N/A Iraq 

JIDA FOR IRON AND ALUMINUM INDUSTRIES LTD N/A Iraq 

K1 GENERAL CONTRACTING CO LTD., CITIBANK N/A Iraq 

KAIS PLANT MINERAL WATER, CITIBANK N/A Iraq 

IMMDF-KHALAF BLOCK FACTORY, CITIBANK N/A Iraq 

KURDISTAN FLOUR MILL, CITIBANK N/A Iraq 

LOAY FACTORY FOR ASPHALT PRODUCTION, CITIBANK N/A Iraq 

MUTTAHIDA ELECTRICAL BOARDS, CITIBANK N/A Iraq 

NAMA GROUP, CITIBANK N/A Iraq 

NATIONAL HOUSEHOLD PRODUCTS CO., CITIBANK N/A Iraq 

RASUN COMPANY FOR POULTRY LTD, CITIBANK N/A Iraq 

ROZHANO COMPANY FOR GLASS MANUFACTURING N/A Iraq 

SAMAN MA-RUF ABDULKARIM BARZNJI, CITIBANK N/A Iraq 
Proprietary & Confidential A-19

Project Name Sector Country 

SARQALA COMPANY FOR GENERAL CONTRACT, 

CITIBANK N/A Iraq 

SMAG LOAN, CITIBANK N/A Iraq 

STUDENT SOLIDARITY ORGANIZATION, CITIBANK N/A Iraq 

STUDENT SOLIDARITY ORGANIZATION, CITIBANK N/A Iraq 

TECHNOLOGY PARTNERS, CITIBANK N/A Iraq 

YAFA CO FOR FOOD INDUSTRIES, CITIBANK N/A Iraq 

FUNDS 

ACTIS SOUTH ASIA FUND, NILGIRI FRANCHISE N/A India 

RUSSIA PARTNERS II, ISKRA TELECOM N/A Russia 

RUSSIA PARTNERS II, PSL N/A NIS REGIONAL 

SEEF II, SERBIA BROADBAND N/A Serbia 

ECP AFRICA, SPENCON N/A East Africa regional 

ACTIS SOUTH ASIA FUND, NAT’L DEVELOPMENT BANK N/A Sri Lanka 

DARBY-BBVA LATIN AMERICA PRIVATE EQUITY FUND, 

GRUPO EMPRESARIAL METROPOLITANO (GEMET) N/A Mexico 

ECP AFRICA, ECOBANK N/A West Africa Regional 

ECP AFRICA, BANK OF AFRICA N/A Africa regional 

ECP AFRICA, INTERCONTINENTAL BANK N/A Nigeria 

ECP AFRICA, CONTINENTAL REINSURANCE N/A Nigeria 

ETHOS FUND V, KANDERLANE N/A South Africa 

ETHOS FUND V, ALEXANDER FORBES N/A South Africa 

ETHOS FUND V, OCEANIC BANK N/A Nigeria 

RUSSIA PARTNERS II, APR BANK MOSCOW N/A Russia 

ACTIS SOUTH ASIA FUND, CEYLON OXYGEN N/A Sri Lanka 

AQUA INT’L PARTNERS FUND, GRUPO ROTOPLAST N/A Mexico 

ASIAN DEV’T PARTNERS FUND II, PROJECT GREEN N/A India 

ISRAEL GROWTH FUND, APAX PARTNERS&CO N/A Israel 

RUSSIA PARTNERS COMPANY LP, SIGULER GUFF & CO N/A Europe/Eurasia 

AIG BRUNSWICK MILLENNIUM FUND, AIG MILLENIUM GP N/A Europe/Eurasia 

AIG BRUNSWICK MILLENNIUM FUND, AIG MILLENIUM GP N/A Europe/Eurasia 

EMERGING EUROPE FUND, TEMPLETON ADVISORS N/A Europe/Eurasia 

RUSSIA PARTNERS COMPANY LP, SIGULER GUFF & CO N/A Europe/Eurasia 

POLAND PARTNERS, LANDON BUTLER & CO N/A Poland 

DRAPER INT’L INDIA FUND, DRAPER INTERNATIONAL N/A India 

INDIA PRIVATE EQUITY FUND, CIBC WORLD MARKETS N/A India 

AGRIBUSINESS PARTNERS INT’L, AMERICA FIRST CO N/A Europe/Eurasia 

AGRIBUSINESS PARTNERS INTERNATIONAL (BALTICS), 

AMERICA FIRST COMPANIES N/A Europe/Eurasia 

BANCROFT EASTERN EUROPE FUND N/A Europe/Eurasia 

NEW CENTURY CAPITAL PARTNERS LP, NCH ADVISORS N/A Europe/Eurasia 

NEW CENTURY CAPITAL PARTNERS LP, NCH ADVISORS N/A Europe/Eurasia 

NEW AFRICA OPPORTUNITY FUND LP, ZEPHYR 

SOUTHERN AFRICA PARTNERS LLC N/A Africa/MidEast 

AQUA PARTNERS LP, TARRANT PARTNERS N/A All Opic 

GLOBAL ENVIRONMENT EMERGING MARKETS FUND LI, 

GEF MANAGEMENT CORP N/A All Opic 

ASIA DEVELOPMENT PARTNERS LP, SOUTH ASIA 

CAPITAL LTD C/O OLYMPUS CAPITAL HOLDINGS N/A Asia/Pacific 
Proprietary & Confidential A-20

Project Name Sector Country 

NEWBRIDGE ANDEAN PARTNERS LP, ACON PARTNERS N/A LatinAmerica/Caribbean 

MODERN AFRICA GROWTH AND INVESTMENT COMPANY, 

CITICORP VENTURES / LAND & MITTENDORF / OTHER N/A Africa/MidEast 

AFRICA GROWTH FUND, EQUATOR HOLDINGS LTD N/A Africa/MidEast 

MODERN AFRICA GROWTH AND INVESTMENT FUND 2, 

MODERN AFRICA FUND MANAGERS LLC N/A Africa/MidEast 

SOUTHEAST EUROPE EQUITY FUND LTD, BEDMINSTER 

CAPITAL MANAGEMENT LLC N/A Europe/Eurasia 

GREAT CIRCLE FUND LP (MISF), GREAT CIRCLE CAPITAL N/A All Opic 

RUSSIA PARTNERS LI O SERIES LP, SIGULER GUFF & CO N/A Europe/Eurasia 

ASIA PACIFIC GROWTH FUND, HAMBRECHT & QUIST ASIA 

PACIFIC LTD N/A Asia/Pacific 

DARBY-BBVA LATIN AMERICAN HOLDINGS LLC, DARBY 

OVERSEAS PARTNERS LTD N/A LatinAmerica/Caribbean 

PALADIN REALTY LATIN AMERICA INVESTORS LI LP, 

PALADOR REALTY I GP, LLC N/A LatinAmerica/Caribbean 

EMP AFRICA FUND LI INVESTMENTS LLC, EMP AFRICA 

MANAGEMENT LP N/A Africa/MidEast 

ETHOS PRIVATE EQUITY FUND V, ELIGIBLE US 

INVESTORS N/A Africa/MidEast 

ACTIS SOUTH ASIA FUND 2 LP, ELIGIBLE US INVESTORS N/A Asia/Pacific 

ASIA DEVELOPMENT PARTNERS LI LP, OLYMPUS ADP II 

GP, LLC N/A Asia/Pacific 

CLEARWATER CAPITAL PARTNERS INVESTMENTS II LP N/A Asia/Pacific 

SOUTHEAST EUROPE EQUITY FUND LTD, BEDMINSTER 

CAPITAL MANAGEMENT LLC N/A Europe/Eurasia 

BARING MEXICO PRIVATE EQUITY LI FUND, BARING 

MEXICO II (GP) INC/BARING LATIN AMERICAN HOLDINGS N/A LatinAmerica/Caribbean 

ECP MENA GROWTH INVESTMENTS LLC, EMERGING 

CAPITAL PARTNERS LLC N/A Africa/MidEast 

GLOBAL ENVIRONMENT EMERGING MARKET FUND, GEF 

MANAGEMENT CORP N/A All Opic 

DARBY PROBANCO LI FUND, DARBY OVERSEAS 

PARTNERS LTD N/A LatinAmerica/Caribbean 

LATIN POWER TRUST LII, CONDUIT CAPITAL PARTNERS N/A LatinAmerica/Caribbean 

DARBY BBVA, GRUPO BAJA CERO N/A Mexico 

ACTIS SOUTH ASIA FUND, PARAS PHARMACEUTICALS N/A India 

AQUA INT’L PARTNERS FUND, SPRINGS OF EDEN BV N/A Poland 

ASIAN DEV’T PARTNERS FUND II, SANJHVI MOVERS N/A Korea 

DARBY BBVA LATIN AMERICA PRIVATE EQUITY FUND, 

SATELITE DISTRIBUIDORA DE PETROLEO N/A Brazil 

ETHOS FUND V, MORESPORT N/A South Africa 

ETHOS FUND V, PLUMBLINK N/A South Africa 

RUSSIA PARTNERS II, SOK N/A Russia 

RUSSIA PARTNERS II, UKRAINE INSURANCE N/A Ukraine 

SEEF II, HEDEF N/A Turkey 

GREAT CIRCLE CAPITAL, OVERSEAS LOGISTIC (RLS) N/A Russia 

GREAT CIRCLE CAPITAL, BALNAK LOGISTICS GROUP N/A Turkey 

GREAT CIRCLE CAPITAL, STS LOGISTICS N/A Russia 

ZAO AIST N/A Russia 

Kujtesda N/A Kosovo 

Hiperdia N/A Romania 
Proprietary & Confidential A-21

Project Name Sector Country 

Health Management System N/A Bulgaria 

West Call Communications N/A Russia 

Russia Partners Direct Insurance N/A Ukraine 

Helios PT Africa N/A Netherlands 

Helios First City Monument Bank N/A Nigeria 

EMP Africa Fund II N/A Algeria 

Planor Capital N/A Mauritius 

Blue Financial N/A South Africa 

SAWHF N/A South Africa 

ECP Mena – Societe d’Articles Hygieniques N/A Tunisia 

Helios Towers N/A Nigeria 

Equity Bank N/A Africa 

UniversALB N/A Albania 

Clearwater Capital Partners N/A Asia 

Insun – Project Green N/A South Korea 

BIS EOOD – New Europe Directories N/A Bulgaria 

Diamant – Kontakt Insurance N/A Ukraine 

 Table A-2. Initial Short List 

Project Name Sector Country 

Global Housing Development, S.A., GHP Honduras LLC CONS HONDURAS 

General Directorate of Highways, Dillingham Const Int’l CONS TURKEY 

Alterra Partners LLC, Nat’l Union Fire Insurance Co of Pitt, PA CONS PERU 

NA, Jopa Villas LLC, Jopa Villas LLC CONS KENYA 

Hrvatske Autoceste DOO, Eligible US Bondholders CONS CROATIA 

Foxtrot International LDC, Mondoil Enterprises OIL COTE DIVOIRE 

West African Gas Pipeline Company Limited, Steadfast Insure OIL GHANA 

Various Apache Egypt concession subsidiaries, Apache Corp OIL EGYPT 

The Baku-Tbilisi-Ceyhan Pipeline Company, BTC Pipeline OIL AZERBAIJAN 

N/A, APACHE, Apache Corp OIL EGYPT 

Tipitapa Power Company Ltd., El Paso Energy Int’l POWER NICARAGUA 

Gaza Power Generating Limited Company, Morganti Dev’t POWER GAZA 

Kidwell International Power Vietnam Company, GE Rentals POWER VIETNAM 

Grenada Electricity Services Limited, WRB Enterprises POWER GRENADA 

Habibullah Coastal Power (Private) Company, El Paso Corp POWER PAKISTAN 

CE Casecnan Water and Energy, Inc., Mid American Holding POWER PHILIPPINES 

Gaza Power Generating Limited Company, Morganti Dev’t POWER GAZA 

Doga Enerji Uretim Sanayi ve Ticaret L.S., Edison Mission POWER TURKEY 

P.H. Rio Volcan, S.A., GE Capital Corp POWER COSTA RICA 

Termovalle S.C.A. E.S.P., Termovalle Invest POWER COLOMBIA 

CE Casecnan Water and Energy, Inc., Mid American Holding POWER PHILIPPINES 

Termobarranquilla Empresa de Servicios Publicos, Los Amigos POWER COLOMBIA 

AES Nigeria Barge Limited, AES Nigeria Holdings POWER NIGERIA 

National Power Corporation ("NAPOCOR"), US Bank Nat’l Ass POWER PHILIPPINES 

perforaciones western, CA, Pride Int’l OIL VENEZUELA 
Proprietary & Confidential A-22

Project Name Sector Country 

Pride Forasol SAS, Pride Int’l OIL CHAD 

Israel electric corporation LTD, Citibank OIL ISRAEL 

Zeta Gas De Centro America S.A., Texas Overseas gas Corp OIL GUATEMALA 

Bhote Koshi private company pvt ltd, Loudon Reinsurance POWER NEPAL 

Tipitapa Power Company Ltd., Coastal power POWER NICARAGUA 

PT Energi Sengkang, El Paso Corp POWER INDONESIA 

CBK power Company Limited, New Hampshire Insurance POWER PHILIPPINES 

Turboven Maracay company, PS EG Americas POWER VENEZUELA 

Turboven Cagua company, PS EG Americas POWER VENEZUELA 

Isagan SA ESP, Eligible Bondholders POWER COLOMBIA 

Instrum-Rand, Ingersoll Rand Co MFR RUSSIA 

Pakistan Water and Power Development Authority ("WAPDA") MFR PAKISTAN 

Pakistan Water and Power Development Authority ("WAPDA") MFR PAKISTAN 

Kimberly-Clark Vietnam Co., Ltd. MFR VIETNAM 

National Milling Company Limited, Seaboard Overseas MFR ZAMBIA 

Coca-Cola Nigeria Limited MFR NIGERIA 

EQUATE Petrochemical Company K.S.C., Union Carbide MFR KUWAIT 

PT cabot Chemical, Cabot Corp MFR INDONESIA 

Kimberly-Clark Thailand Limited MFR THAILAND 

Colombiana Kimberly Colpapel SA MFR COLOMBIA 

Kimberly-Clark Phillipines INC MFR PHILIPPINES 

Maksan Manisa Mesrubat Kutulama Sanayi AS, Bank of NY MFR TURKEY 

Sector Resources, Ltd. Branch MINE COLOMBIA 

Empresa Minera Manquiri S.A., Coeur D Alene Mines MINE BOLIVIA 

Sociedad Minera Cerro Verde, S.A.A., Phelps Dodge Corp MINE PERU 

White Star USA MINE RUSSIA 

Corporacion Quiport S.A., American Home Assurance TRAN ECUADOR 

Corporacion Quiport S.A., American Home Assurance TRAN ECUADOR 

Consolidada de Ferrys, C. A. (Conferry), Caterpillar Finance TRAN VENEZUELA 

WBC-MONOLITHIC HOUSING S.A. CONS MEXICO 

SIGMA INTERNATIONAL CONSTRUCTION LLC. CONS IRAQ 

CENTRAL EAST AFRICA RAILWAYS COMPANY LIMITED CONS MALAWI 

SOUTH AFRICA FINANCING ENTERPRISE CONS SOUTH AFRICA 

CORREDOR DE DESENVOLVIMENTO DO NORTE S.A.R.L CONS MOZAMBIQUE 

SOCIEDAD CONCESIONARIA VESPUCIO NORTE EXPRES CONS CHILE 

WBC-KELLY GRAINS CORPORATION S.R.L. MFR MOLDOVA 

ABI GROUP LTD. MFR AFGHANISTAN 

WBC-SFC ENTEGRE ORMAN URUNLERI SANAYI VE TIC MFR TURKEY 

WBC-JSC POLIGRAF LAND MFR RUSSIA 

PREFABRICADOS Y MODULARES DE MONTERREY(PYMM) MFR MEXICO 

PHYTO-RIKER PHARMACEUTICALS LTD. MFR GHANA 

CPAK-LUCKY CEMENT LIMITED MFR PAKISTAN 

PRODUCTORA DE PAPELES SA (PROPAL) MFR COLOMBIA 

CPAK-D.G.KHAN CEMENT COMPANY LIMITED MFR PAKISTAN 

CAFR-MIDDLE EAST COMPLEX FOR ENGINEERING MFR JORDAN 

CSA-CORPORACION JOSE R. LINDLEY, S.A. MFR PERU 
Proprietary & Confidential A-23

Project Name Sector Country 

CNIS-OAO Nizhnekamskneftekhim (nknk) MFR RUSSIA 

LKI, International MINE NAMIBIA 

BRAVO ENERGY MEXICO SRL DE CV OIL MEXICO 

GOLDHAM PTY LTD.T/A KALAHARI GAS CORPORATION OIL BOTSWANA 

E.P. INTEROIL, LTD. OIL PAPUA NEW GUINEA 

RPK-VYSOTSK "LUKOIL-II" OIL RUSSIA 

WILPRO ENERGY SERVICES (PIGAP II) LTD. OIL VENEZUELA 

WILPRO ENERGY SERVICES (EL FURRIAL) LIMITED OIL VENEZUELA 

ACCROVEN SRL OIL VENEZUELA 

NATURAL GAS LIQUIDS (II) FINANCING COMPANY OIL NIGERIA 

AES JORDAN PSC POWER JORDAN 

PAITON ENERGY COMPANY POWER INDONESIA 

JORF LASFAR ENERGY COMPANY POWER MOROCCO 

ADAPAZARI ELEKTRIK URETIM LTD. SIRKETI POWER TURKEY 

TRAKYA ELEKTRIK POWER TURKEY 

NEPC CONSORTIUM POWER LTD.(HARIPUR) POWER BANGLADESH 

DOGA ENERJI POWER TURKEY 

IZMIR ELEKTRIK URETIM LTD SIRKETI POWER TURKEY 

GEBZE ELEKTRIK URETIM LTD SIRKETI POWER TURKEY 

TERMOBARRANQUILLA, S.A. POWER COLOMBIA 

PAITON ENERGY COMPANY POWER INDONESIA 

Puerto Quetzal power llc POWER GUATEMALA 

CMS Ensenada S.A. POWER ARGENTINA 

CORPORACION QUIPORT S.A. TRAN ECUADOR 

Lima Airport Partners S.R.L TRAN PERU 

Table A-3. Draft Short List 

Project Name Sector Country 

General Directorate of Highways, DILLINGHAM 

CONSTRUCTION INTERNATIONAL INC CONS TURKEY 

Hrvatske Autoceste, Eligible US Bondholders CONS CROATIA 

Foxtrot Int’l, MONDOIL ENTERPRISES L L C OIL COTE DIVOIRE 

West African Gas Pipeline, STEADFAST INSURANCE CO OIL GHANA 

Various Egypt Subsidiaries, APACHE CORP OIL EGYPT 

Baku-Tbilisi-Ceyhan Pipeline, B T C PIPELINE OIL AZERBAIJAN 

Zeta Gas De Centro American TEXAS OVERSEAS GAS CORP OIL GUATEMALA 

Israel Electric Corp., Citibank NA OIL ISRAEL 

Gaza Private Generating Power, MORGANTI DEVELOPMENT 

L L C POWER GAZA 

Kidwell Int’l Power, G E ENERGY RENTALS INC POWER VIETNAM 

Grenada Electric Services, W R B ENTERPRISES INC POWER GRENADA 

Habibullah Coastal Power, EL PASO CORP POWER PAKISTAN 

P.H. Rio Volcan, GENERAL ELECTRIC CAPITAL CORP POWER COSTA RICA 

TERMOVALLE SCA POWER COLOMBIA 

A E S NIGERIA BARGE LTD POWER NIGERIA 

NAPOCOR, U S BANK NATIONAL ASSOCIATION POWER PHILIPPINES 
Proprietary & Confidential A-24

Project Name Sector Country 

Isagen SA, Eligible US Bondholders POWER COLOMBIA 

Pakistan Water and Power Development Authority, GE MFR PAKISTAN 

Pakistan Water and Power Development Authority, GE MFR PAKISTAN 

KIMBERLY CLARK CORP MFR VIETNAM 

National Milling Co., SEABOARD OVERSEAS LIMITED MFR ZAMBIA 

COCA COLA CO MFR NIGERIA 

Equate Petrochemical Co, UNION CARBIDE CORP MFR KUWAIT 

SECTOR RESOURCES LTD MINE COLOMBIA 

Empresa Minera Manguiri, COEUR D ALENE MINES CORP MINE BOLIVIA 

Sociedad Minera Cerro Verde, PHELPS DODGE CORP MINE PERU 

Consolidada De Ferrys, CATERPILLAR FINANCIAL SERVICES TRAN VENEZUELA 

SIGMA INTERNATIONAL CONSTRUCTION LLC. CONS IRAQ 

SOCIEDAD CONCESIONARIA VESPUCIO NORTE EXPRES CONS CHILE 

WBC-SFC ENTEGRE ORMAN URUNLERI SANAYI VE TIC MFR TURKEY 

PRODUCTORA DE PAPELES SA (PROPAL) MFR COLOMBIA 

CAFR-MIDDLE EAST COMPLEX FOR ENGINEERING MFR JORDAN 

LKI, International MINE NAMIBIA 

E.P. INTEROIL, LTD. OIL PAPUA NEW GUINEA 

RPK-VYSOTSK "LUKOIL-II" OIL RUSSIA 

WILPRO ENERGY SERVICES (PIGAP II) LTD. OIL VENEZUELA 

WILPRO ENERGY SERVICES (EL FURRIAL) LIMITED OIL VENEZUELA 

ACCROVEN SRL OIL VENEZUELA 

NATURAL GAS LIQUIDS (II) FINANCING COMPANY OIL NIGERIA 

AES JORDAN PSC POWER JORDAN 

PAITON ENERGY COMPANY POWER INDONESIA 

JORF LASFAR ENERGY COMPANY POWER MOROCCO 

ADAPAZARI ELEKTRIK URETIM LTD. SIRKETI POWER TURKEY 

TRAKYA ELEKTRIK URETIM VE TICARET POWER TURKEY 

NEPC CONSORTIUM POWER LTD.(HARIPUR) POWER BANGLADESH 

IZMIR ELEKTRIK URETIM LTD SIRKETI POWER TURKEY 

GEBZE ELEKTRIK URETIM LTD SIRKETI POWER TURKEY 

American Home Assurance Co ; Corporacion Quiport SA TRAN ECUADOR 

Doga Enerji POWER TURKEY 
B-1

APPENDIX B 

This Appendix contains the inputs, sources of those inputs, and calculations utilized to estimate 

the maximum Potential to Emit (PTE) for each of the projects in OPIC’s 2007 GHG Inventory. If 

sponsor feedback was submitted, the 2007 operational emissions estimate was also included. 

Tier A Projects – Based on Sponsor Provided Throughput 

AES Nigeria Barge

Maximum Potential to Emit Estimate

AES Nigeria Barge’s emissions estimate of 1,603,307 short tons CO2 was calculated using the 

following information. 

Data Value Source 

Fuel Type Natural Gas Project Description 

Capacity 270 MW Project Description 

Consumption 80 Mcf/day Project Description 

Heat Content Natural Gas 1,029 Btu/scf The Climate Registry, Table 12.1 

Emission Factor 53.06kg CO2/MMBtu The Climate Registry, Table 12.1 

Consumption based maximum potential to emit = 1,603,307 short tons CO2 per year 

80Mcf * 333days * 1029Btu * 53.06 kgCO2 * 0.0011023 short tons

 day yr scf MMBtu kg 

2007 Operational Estimate Based On Sponsor Feedback

AES Nigeria Barge’s 2007 operational emissions of 1,166,398 short tons CO2 was calculated 

using the following information. 

Data Value Source 

Fuel Type Natural Gas Project Description 

Capacity 270 MW Project Description 

Consumption 58.165 Mcf/day Project Sponsor 

Emission Factor 53.06kg CO2/MMBtu The Climate Registry, Table 12.1 

Consumption based emissions = 1,166,398 short tons CO2 per year 

58.165Mcf * 333days * 1029Btu * 53.06 kgCO2 * 0.0011023 short tons

 day yr scf MMBtu kg 

Doga Enerji 

Maximum Potential to Emit Estimate
B-2

Doga Enerji’s emissions estimate of 816,057 short tons CO2 was calculated using the 

following information. 

Data Value Source 

Fuel Type Natural Gas Project Description 

Capacity 180 MW Project Description 

Consumption 48,000 m3/hour Project Description 

Heat Content Natural Gas 1,029 Btu/scf The Climate Registry, Table 12.1 

Emission Factor 53.06kg CO2/MMBtu The Climate Registry, Table 12.1 

Conversion Factor 251.98 cal/Btu Perry’s Chemical Engineering Hand 

Book, Table 1-7 

Consumption based maximum potential to emit = 816,057 short tons CO2 per year 

48000m3 * 8000hr * ___scf____ * 1029Btu * __MMBtu__ * 53.06 kgCO2 * 0.0011023 short tons

 hr yr 0.02832m3 scf 1000000Btu MMBtu kg 

2007 Operational Estimate Based On Sponsor Feedback

Doga Enerji’s 2007 operational emissions of 740,756 short tons CO2 was calculated using the 

following information. 

Data Value Source 

Fuel Type Natural Gas Project Description 

Capacity 180 MW Project Description 

Annual Fuel Consumption 347,644,124 Sm3 Project Actual Data 2007 

Heat Content Natural Gas 9180 kcal/Sm3 Agreement with local Natural Gas 

supplier (BOTAS) 

Emission Factor 53.06kg CO2/MMBtu The Climate Registry, Table 12.1 

Consumption based emissions = 740,756 short tons CO2 per year 

347644124 Sm3 * 9180 kcal * 1 Btu * 1000 cal * __MMBtu__ * 53.06 kgCO2 * 0.0011023 short tons

 yr Sm3 951.98 cal kcal 1000000Btu MMBtu kg 

Jorf Lasfar Energy 

Maximum Potential to Emit Estimate

Jorf Lasfar Energy’s emissions estimate of 14,268,496 short tons CO2 was calculated using 

the following information. 
B-3

Data Value Source 

Fuel Type Coal Project Description 

Capacity 1,356 MW Project Description 

Consumption 630,000 kg/hr Additional Project Description Details from 

OPIC 

Coal Type Bituminous IEA, Coal in Morocco in 2006 

Heat Content Coal 24.93 MMBtu/short ton The Climate Registry, Table 12.1 

Emission Factor 93.46 kg CO2/MMBtu The Climate Registry, Table 12.1 

Consumption based maximum potential to emit = 14,268,496 short tons CO2 per year 

630,000kg * 8000hr * 0.0011023short tons * 24.93MMBtu * 93.46kgCO2 * 0.0011023short tons

 hr yr kg short ton MMBtu kg 

Paiton Energy 

Maximum Potential to Emit Estimate

Paiton Energy’s emissions estimate of 7,938,380 short tons CO2 was calculated using the 

following information. 

Data Value Source 

Fuel Type Coal Project Description 

Capacity 1,200 MW Project Description 

Consumption 4,300,000 short tons/yr Project Description 

Coal Type Sub-Bituminous IEA, Coal in Indonesia in 2006 

Heat Content Coal 17.25 MMBtu/short ton The Climate Registry, Table 12.1 

Emission Factor 97.09 kg CO2/MMBtu The Climate Registry, Table 12.1 

Consumption based maximum potential to emit = 7,938,380 short tons CO2 per year 

4,300,000 short tons * 17.25 MMBtu * 97.09 kgCO2 * 0.0011023 short tons

 yr short ton MMBtu kg 

2007 Operational Estimate Based On Sponsor Feedback

Paiton Energy’s 2007 operational emissions of 9,553,044 short tons CO2 was calculated using 

the following information. 

Data Value Source 

Fuel Type Coal Project Description 

Capacity 1,200 MW Project Description 

Consumption 4,694,238,000 kg Project Sponsor 

Coal Type Sub-Bituminous IEA, Coal in Indonesia in 2006 

Heat Content Coal 17.25 MMBtu/short ton The Climate Registry, Table 12.1 

Emission Factor 97.09 kg CO2/MMBtu The Climate Registry, Table 12.1 
B-4

Consumption based emissions = 9,553,044 short tons CO2 per year 

4,694,238,000 kg * short ton * 17.25 MMBtu * 97.09 kg CO2 * short ton .

 907.18 kg short ton MMBtu 907.18 kg 

Trakya Elektrik Uretim ve Ticaret 

Maximum Potential to Emit Estimate

Trakya Elektrik Uretim ve Ticaret’s emissions estimate of 1,818,912 short tons CO2 was 

calculated using the following information. 

Data Value Source 

Fuel Type Natural Gas Project Description 

Capacity 478MW Project Description 

Consumption 20 kg/s Project Description 

Density of Natural Gas 23.8 scf per lb EPA AP 42, p.A-7 

Heat Content Natural Gas 1,029 Btu/scf The Climate Registry, Table 12.1 

Emission Factor 53.06kg CO2/MMBtu The Climate Registry, Table 12.1 

Consumption based maximum potential to emit = 1,818,912 short tons CO2 per year 

20kg * 3600sec * 8000hr * 2.2046lb * 23.8 scf * 1029 Btu * MMBtu * 53.06kgCO2 * 0.0011023short tons

 sec hr yr kg lb scf 1000000Btu MMBtu kg 

2007 Operational Estimate Based On Sponsor Feedback

Trakya Elektrik Uretim ve Ticaret’s 2007 operational emissions of 1,747,956 short tons CO2

was calculated using the following information. 

Data Value Source 

Fuel Type Natural Gas Project Description 

Capacity 478MW Project Sponsor 

Consumption 568,912,217 kg Project Sponsor 

Density of Natural Gas 20.8 scf per lb Project Sponsor 

Heat Content Natural Gas 1,120 Btu/scf (HHV) Project Sponsor 

Emission Factor 54.18 kg CO2/MMBtu Project Sponsor 

2007 Operating Emissions 1,585,746 metric tonnes Project Sponsor 

Consumption based emissions = 1,747,956 short tons CO2 per year 

1,585,746 metric tonnes* short tons .

 0.9072 metric tonnes 

Tier A Projects – Based on Capacity (Throughput not Available) 

Adapazari Elektrik Uretim

Maximum Potential to Emit Estimate
B-5

Adapazari Elektrik Uretim’s emissions estimate of 2,706,499 short tons CO2 was calculated 

using the following information. 

Data Value Source 

Fuel Type Natural Gas Project Description 

Capacity 777 MW Project Description 

Emission Factor for 

Emissions Estimate from 

Capacity 

395 g CO2/kWh International Finance 

Corporation, Guidance Note 

3, Annex A section A-(i) 

Capacity based maximum potential to emit = 2,706,499 short tons CO2 per year 

777MW * 1000kW * 8000hr * 395gCO2 * 0.0000011023 short tons

 MW yr kWh g 

2007 Operational Estimate Based On Sponsor Feedback

Adapazari Elektrik Uretim’s 2007 operational emissions of 2,106,754 short tons CO2 was 

calculated using the following information. 

Data Value Source 

Fuel Type Natural Gas Project Description 

Capacity 777 MW Project Description 

2008 Emissions 1,911,247.2 metric tonnes Project Sponsor 

For the purpose of this baseline calculation, we are assuming 2007 operating year was similar 

to the 2008 operating year for which emissions were provided; therefore 2007 operational 

emissions = 2,106,754 short tons CO2 per year 

1,911,247.2 metric tonnes * short ton .

 0.9072 metric tonnes 

AES Jordan 

Maximum Potential to Emit Estimate

AES Jordan’s emissions estimate of 1,288,809 short tons CO2 was calculated using the 

following information. 

Data Value Source 

Fuel Type Natural Gas Project Description 

Capacity 370 MW Project Description 

Emission Factor for 

Emissions Estimate from 

Capacity 

395 g CO2/kWh International Finance 

Corporation, Guidance Note 

3, Annex A section A-(i) 

Capacity based maximum potential to emit = 1,288,809 short tons CO2 per year 
B-6

370MW * 1000kW * 8000hr * 395gCO2 * 0.0000011023 short tons

 MW yr kWh g 

2007 Operational Estimate Based On Sponsor Feedback

AES Jordan was under construction and not operational during 2007. Since emissions from 

construction would be below the 100,000 short ton threshold this project is omitted from the 

2007 inventory. 

Habibullah Coastal Power 

Maximum Potential to Emit Estimate

Habibullah Coastal Power’s emissions estimate of 487,658 short tons CO2 was calculated 

using the following information. 

Data Value Source 

Fuel Type Natural Gas Project Description 

Capacity 140 MW Project Description 

Emission Factor for 

Emissions Estimate from 

Capacity 

395 g CO2/kWh International Finance 

Corporation, Guidance Note 

3, Annex A section A-(i) 

Capacity based maximum potential to emit = 487,658 short tons CO2 per year 

140MW * 1000kW * 8000hr * 395gCO2 * 0.0000011023 short tons

 MW yr kWh g 

2007 Operational Estimate Based On Sponsor Feedback

Habibullah Coastal Power’s 2007 operational emissions of 447,880 short tons CO2 was 

calculated using the following information. 

Data Value Source 

Emissions from CH4 406,311.5 metric tonnes Project Sponsor 

Emissions from High Speed 

Diesel 

5.7 metric tonnes Project Sponsor 

2007 Emissions 406,317 metric tonnes Project Sponsor 

For the purpose of this baseline calculation, we are assuming 2007 operating year was similar 

to the 2007 fiscal year for which emissions were provided; therefore 2007 operational emissions 

= 447,880 short tons CO2 per year 

406,317 metric tonnes * short ton .

 0.9072 metric tonnes 
B-7

Gebze Elektrik Uretim

Maximum Potential to Emit Estimate

Gebze Elektrik Uretim’s emissions estimate of 5,412,998 short tons CO2 was calculated using 

the following information. 

Data Value Source 

Fuel Type Natural Gas Project Description 

Capacity 1554 MW Project Description 

Emission Factor for 

Emissions Estimate from 

Capacity 

395 g CO2/kWh International Finance 

Corporation, Guidance Note 

3, Annex A section A-(i) 

Capacity based maximum potential to emit = 5,412,998 short tons CO2 per year 

1554MW * 1000kW * 8000hr * 395gCO2 * 0.0000011023 short tons

 MW yr kWh g 

2007 Operational Estimate Based On Sponsor Feedback

Gebze Elektrik Uretim’s 2007 operational emissions of 4,121,923 short tons CO2 was 

calculated using the following information. 

Data Value Source 

Fuel Type Natural Gas Project Description 

Capacity 1554 MW Project Description 

2008 Emissions 3,739,408.4 metric tonnes Project Sponsor 

For the purpose of this baseline calculation, we are assuming 2007 operating year was similar 

to the 2008 operating year for which emissions were provided; therefore 2007 operational 

emissions = 4,121,923 short tons CO2 per year 

3,739,408.4 metric tonnes * short ton .

 0.9072 metric tonnes 

Pakistan Water & Power Development Authority 

Maximum Potential to Emit Estimate

Pakistan Water & Power Development Authority’s emissions estimate of 522,490 short tons 

CO2 was calculated using the following information. 
B-8

Data Value Source 

Fuel Type Natural Gas Project Description 

Capacity 150 MW Project Description 

Emission Factor for 

Emissions Estimate from 

Capacity 

395 g CO2/kWh International Finance 

Corporation, Guidance Note 

3, Annex A section A-(i) 

Capacity based maximum potential to emit = 522,490 short tons CO2 per year 

150MW * 1000kW * 8000hr * 395gCO2 * 0.0000011023 short tons

 MW yr kWh g 

Isagen SA 

Maximum Potential to Emit Estimate

Isagen SA’s emissions estimate of 1,044,980 short tons CO2 was calculated using the 

following information. 

Data Value Source 

Fuel Type Natural Gas Project Description 

Capacity 300 MW Project Description 

Emission Factor for 

Emissions Estimate from 

Capacity 

395 g CO2/kWh International Finance 

Corporation, Guidance Note 

3, Annex A section A-(i) 

Capacity based maximum potential to emit = 1,044,980 short tons CO2 per year 

300MW * 1000kW * 8000hr * 395gCO2 * 0.0000011023 short tons

 MW yr kWh g 

2007 Operational Estimate Based On Sponsor Feedback

Isagen SA’s 2007 operational emissions of 2,030,109 short tons CO2 was calculated using the 

following information. 

Data Value Source 

Fuel Type Natural Gas Project Description 

Capacity 300 MW Project Description 

2007 Emissions 1,841,715 metric tonnes Project Sponsor 

Capacity based emissions = 2,030,109 short tons CO2 per year 

1,841,715 metric tonnes * short tons .

 0.9072 metric tonnes 
B-9

Izmir Elektrik Uretim 

Maximum Potential to Emit Estimate

Izmir Elektrik Uretim’s emissions estimate of 5,412,998 short tons CO2 was calculated using 

the following information. 

Data Value Source 

Fuel Type Natural Gas Project Description 

Capacity 1554 MW Project Description 

Emission Factor for 

Emissions Estimate from 

Capacity 

395 g CO2/kWh International Finance 

Corporation, Guidance Note 

3, Annex A section A-(i) 

Capacity based maximum potential to emit = 5,412,998 short tons CO2 per year 

1554MW * 1000kWh * 8000hr * 395gCO2 * 0.0000011023 short tons

 MWh yr kWh g 

2007 Operational Estimate Based On Sponsor Feedback

Izmir Elektrik Uretim’s 2007 operational emissions of 4,694,380 short tons CO2 was calculated 

using the following information. 

Data Value Source 

Fuel Type Natural Gas Project Description 

Capacity 1554 MW Project Description 

2008 Emissions 4,258,741.3 metric tonnes Project Sponsor 

For the purpose of this baseline calculation, we are assuming 2007 operating year was similar 

to the 2008 operating year for which emissions were provided; therefore 2007 operational 

emissions = 4,694,380 short tons CO2 per year 

4,258,741.3 metric tonnes * short ton .

 0.9072 metric tonnes 

Gaza Private Generating PLC 

Maximum Potential to Emit Estimate

Gaza Private Generating PLC’s emissions estimate of 487,657 short tons CO2 was calculated 

using the following information. 
B-10

Data Value Source 

Fuel Type Natural Gas Project Description 

Capacity 140 MW Project Description 

Emission Factor for 

Emissions Estimate from 

Capacity 

395 g CO2/kWh International Finance 

Corporation, Guidance Note 

3, Annex A section A-(i) 

Capacity based maximum potential to emit = 487,657 short tons CO2 per year 

140MW * 1000kW * 8000hr * 395 gCO2 * 0.0000011023 short tons

 MW yr kWh g 

2007 Operational Estimate Based On Sponsor Feedback

Gaza Private Generating PLC’s 2007 operational emissions of 293,804 short tons CO2 was 

calculated using the following information. 

Data Value Source 

Fuel Type Natural Gas Project Description 

Capacity 136.4 MW Project Sponsor 

2007 Emissions 266,539 metric tonnes Project Sponsor 

Capacity based emissions = 293,804 short tons CO2 per year 

266,539 metric tonnes * short ton .

 0.9072 metric tonnes 

NEPC Consortium Power 

Maximum Potential to Emit Estimate

NEPC Consortium Power’s emissions estimate of 383,159 short tons CO2 was calculated 

using the following information. 

Data Value Source 

Fuel Type Natural Gas Project Description 

Capacity 110 MW Project Description 

Emission Factor for 

Emissions Estimate from 

Capacity 

395 g CO2/kWh International Finance 

Corporation, Guidance Note 

3, Annex A section A-(i) 

Capacity based maximum potential to emit = 383,159 short tons CO2 per year 

110MW * 1000kW * 8000hr * 395gCO2 * 0.0000011023 short tons

 MW yr kWh g 

2007 Operational Estimate Based On Sponsor Feedback
B-11

NEPC Consortium Power’s 2007 operational emissions of 245,795 short tons CO2 was 

calculated using the following information. 

Data Value Source 

Fuel Type Natural Gas Project Description 

Capacity 110 MW with average dispatch 

of 70.565 MW 

Project Sponsor 

2007 Emissions 222,985 metric tonnes Project Sponsor 

Capacity based emissions = 245,795 short tons CO2 per year 

222,985 metric tonnes * short ton .

 0.9072 metric tonnes 

Termovalle SCA 

Maximum Potential to Emit Estimate

Termovalle SCA’s emissions estimate of 693,170 short tons CO2 was calculated using the 

following information. 

Data Value Source 

Fuel Type Natural Gas Project Description 

Capacity 199 MW Project Description 

Emission Factor for 

Emissions Estimate from 

Capacity 

395 g CO2/kWh International Finance 

Corporation, Guidance Note 

3, Annex A section A-(i) 

Capacity based maximum potential to emit = 693,170 short tons CO2 per year 

199MW * 1000kW * 8000hr * 395 gCO2 * 0.0000011023 short tons

 MW yr kWh g 

Grenada Electricity Services (WRB) 

Maximum Potential to Emit Estimate

Grenada Electricity Services (WRB)’s emissions estimate of 104,604 short tons CO2 was 

calculated using the following information. 

Data Value Source 

Fuel Type Diesel (Fuel Oil) Project Description 

Capacity 18 MW Project Description 

Emission Factor for 

Emissions Estimate from 

Capacity 

659 g CO2/kWh International Finance 

Corporation, Guidance Note 

3, Annex A section A-(i) 

Capacity based maximum potential to emit = 104,604 short tons CO2 per year 
B-12

18MW * 1000kW * 8000hr * 659 gCO2 * 0.0000011023 short tons

 MW yr kWh g 

2007 Operational Estimate Based On Sponsor Feedback

Grenada Electricity Services (WRB)’s 2007 operational emissions of 114,571 short tons CO2 

was calculated using the following information. 

Data Value Source 

Fuel Type Diesel (Fuel Oil) Project Description 

Fuel Consumption 10,821,042 gallons Project Sponsor 

Heat Rate 8013 Btu/kWh Project Sponsor 

Diesel LHV 70302 Btu/kg Project Sponsor 

Energy Generated 117,323,661 kWh Project Sponsor 

Emissions Factor 73.15 kg CO2/MMBtu The Climate Registry, Table 

12-1 

2007 Emissions 114,571 short tons Project Sponsor 

Capacity based emissions = 114,571 short tons CO2 per year 

Tier B Projects 

Accroven SRL 

Maximum Potential to Emit Estimate

Accroven SRL’s emissions estimate of 998,677 short tons CO2 was calculated by utilizing a 

representative complete calculation of GHG emissions for a natural gas liquids (NGL) facility 

sourced from the American Petroleum Institute’s (API) Compendium on GHG Emissions. The 

API example had a capacity of 800 MMscfd for annual emissions of 906,000 metric tonnes 

CO2; the same capacity as Accroven SRL. Below is the information used in the estimate. 

Data Value Source 

Fuel Type Natural Gas Project Description 

Capacity 800 MMscfd Project Description 

“Emissions Factors” 906,000 metric tonnes CO2 per year 

for a facility with capacity of 800 

MMscfd 

API Compendium, Table 7-14 

Multiplication Factor 1 Factor applied to account for 

approximate size discrepancy 

between Accroven and example

Maximum potential to emit = 998,677 short tons CO2 per year 

906,000 metric tonnes CO2e * short ton * 1 

 yr 0.9072 metric tonnes 
B-13

Various Egypt Subsidiaries (Apache)

Maximum Potential to Emit Estimate

Various Egypt Subsidiaries (Apache)’s emissions estimate of 1,190,476 short tons CO2 was 

calculated by utilizing an example from API for a similar oil and gas extraction and processing 

facility. The API example produced 6100 barrels oil per day and 30 MMscf natural gas per day 

for annual emissions of 108,000 metric tonnes CO2; approximately 1/10th the size of Various 

Egypt Subsidiaries (Apache). Below is the information used in the estimate. 

Data Value Source 

Fuel Type Oil and Natural Gas Project Description 

Production Volumes 29,934,702 barrels oil per year 

89,910 MMscf natural gas per year 

Project Description 

“Emissions Factors” 108,000 metric tonnes CO2 per year 

for a facility that produces 6100 

barrels oil per day and 30 MMscf 

natural gas per day 

API Compendium, Table 7-4 

Multiplication Factor 10 Factor applied to account for 

approximate size discrepancy 

between Apache and example 

Maximum potential to emit = 1,190,476 short tons CO2 per year 

108,000 metric tonnes CO2 * short ton * 10 

 yr 0.9072 metric tonnes 

2007 Operational Estimate Based On Sponsor Feedback

Various Egypt Subsidiaries (Apache)’s 2007 operational emissions of 1,505,247 short tons 

CO2 was calculated using the following information. 

Data Value Source 

2007 Emissions 1,365,560 metric tonnes Project Sponsor 

2007 Operational Emissions = 1,505,247 short tons CO2 per year 

1,365,560 metric tonnes * short ton .

 0.9072 metric tonnes 

Baku-Tblisi-Ceyhan Pipeline 

Maximum Potential to Emit Estimate

The Baku-Tblisi-Ceyhan Pipeline’s emissions estimate of 699,034 short tons CO2 was 

calculated for emissions related to the combustion of natural gas and diesel in the transportation 

of crude oil through the pipeline. We assume that the 180 Btu per short ton of crude transport 
B-14

per mile energy requirement is evenly split between natural gas and diesel. Below is the 

information used in the estimate. 

Data Value Source 

Fuel Type used for 

Transport 

Natural Gas and Diesel (dual fuel) Project Description 

Pipeline Throughput 1 million barrels crude oil Project Description 

Pipeline Length 1,760 km Project Description 

Conversion Factors 1.6093 km/mile 

7.3 lbs/gal (density of crude) 

EPA AP 42, p.A-7 

Energy Required for 

Pipeline Transport (Crude) 

180 Btu/short ton crude oil per mile 

(for ~40in. diameter pipeline) 

Trans Alaska Pipeline 

EIS, p. 4.9-2 

Emissions Factors 53.06 kg CO2/MMBtu (natural gas) 

73.15 kg CO2/MMBtu (diesel) 

The Climate Registry, 

Table 12.1 

Maximum potential to emit = 699,034 short tons CO2 per year 

1000000barrels * 333day * 7.3lbs * 42gal * short ton = 51,048,900 short tons crude/yr 

 day yr gal barrel 2000lbs 

51048900short tons crude * 1760km * mile * 180Btu * MMBtu = 10,049,271 MMBtu/yr 

 yr 1.6093km short ton-mile 1000000Btu 

10049271MMBtu * 73.15 kg CO2 * 0.0011023 short tons * 0.5 = 405,153 short tons CO2/yr from diesel 

 yr MMBtu kg 

10049271MMBtu * 53.06 kg CO2 * 0.0011023 short tons * 0.5 = 293,881 short tonsCO2/yr from nat. gas 

 yr MMBtu kg 

 

2007 Operational Estimate Based On Sponsor Feedback

The Baku-Tblisi-Ceyhan Pipeline’s 2007 operational emissions of 707,672 short tons CO2 was 

calculated using the following information. 

Data Value Source 

2008 Emissions 642,000 metric tonnes Project Sponsor 

For the purpose of this baseline calculation, we are assuming 2007 operating year was similar 

to the 2008 operating year for which emissions were provided; therefore 2007 operational 

emissions = 707,672 short tons CO2 per year 

642,000 metric tonnes * short ton .

 0.9072 metric tonnes 

E.P. Interoil 

Maximum Potential to Emit Estimate
B-15

E.P. Interoil’s emissions estimate of 802,469 short tons CO2 was calculated by utilizing an 

example from API for a refinery with a throughput of 250,000 barrels crude oil per day for annual 

emissions of 5,600,000 metric tonnes CO2. E.P. Interoil is approximately 13% the size of the 

example. Below is the information used in the estimate. 

Data Value Source 

Fuel Type Crude Oil Project Description 

Throughput Volumes 32,500 barrels crude oil per day Project Description 

“Emissions Factors” 5,600,000 metric tonnes CO2 per 

year for a facility with throughput of 

250,000 barrels crude oil per day 

API Compendium, Table 7-25 

Multiplication Factor 0.13 Factor applied to account for 

approximate size discrepancy 

between E.P. Interoil and 

example 

Maximum potential to emit = 802,469 short tons CO2 per year 

5600000 metric tonnes CO2 * short ton * 0.13 

 yr 0.9072 metric tonnes 

2007 Operational Estimate Based On Sponsor Feedback

E.P. Interoil’s 2007 operational emissions of 392,296 short tons CO2 was calculated using the 

following information. 

Data Value Source 

2007 Average Throughput 15,888 BPCD Project Sponsor 

2007 Emissions 355,891 metric tonnes Project Sponsor 

2007 Operational Emissions = 392,296 short tons CO2 per year 

355,891 metric tonnes * short ton .

 0.9072 metric tonnes 

RPK-Vysotsk (Lukoil II) 

Maximum Potential to Emit Estimate

RPK-Vysotsk (Lukoil II)’s emissions estimate of 140,388 short tons CO2 was calculated by 

utilizing an example from API for a petroleum terminal with heated product storage/transport. 

The API example throughput was 300,000,000 gallons per year of petroleum products for 

annual emissions of 19,900 metric tonnes CO2; approximately 6.4 times smaller than the size of 

RPK-Vysotsk (Lukoil II). Below is the information used in the estimate. 
B-16

Data Value Source 

Fuel Type Petroleum Products Project Description 

Throughput Volumes 6.8 million short tons per year 

[1,920,900,000 gallons petroleum 

product per year] 

Project Description and 

[Calculated] 

“Emissions Factors” 19,900 metric tonnes CO2 per year 

for a facility with throughput of 

300,000,000 gallons petroleum 

products per year 

API Compendium, Table 7-22 

Multiplication Factor 6.4 Factor applied to account for 

approximate size discrepancy 

between Lukoil II and example 

Maximum potential to emit = 140,388 short tons CO2 per year 

19900 metric tonnes CO2 * short ton * 6.4 

 yr 0.9072 metric tonnes 

2007 Operational Estimate Based On Sponsor Feedback

RPK-Vysotsk (Lukoil II)’s 2007 operational emissions of 70,767 short tons CO2 was estimated 

with the following information. 

Data Value Source 

Fuel Type Petroleum Products Project Description 

Throughput Volumes 11,700,000 tons Project Sponsor 

2007 Emissions 64,200 metric tonnes Project Sponsor 

2007 Operational emissions = 70,767 short tons CO2 per year 

64,200 metric tonnes * short ton .

 0.9072 metric tonnes 

Sponsor feedback for RPK-Vysotsk (Lukoil II) resulted in operational emissions below the 

100,000 short ton threshold; therefore the project is omitted from the inventory. 

Foxtrot International 

Maximum Potential to Emit Estimate

Foxtrot International’s emissions estimate of 270,804 short tons CO2 was calculated 

accounting for both combustion emissions from the compression and transmission of natural 

gas as well as fugitive emissions using the following information. Additionally, an estimate of 

platform emissions was provided in the project description and incorporated into the emissions 

total. 

Data Value Source 

Fuel Type Natural Gas Project Description 
B-17

Pipeline Throughput 100 MMscfd Project Description 

Platform Emissions 142,000 short tons CO2e Project Description 

Emissions Factors 3439 lbs CO2 per MMscfd from combustion 

4297 lbs CO2 per MMscfd from fugitive 

U.S. EIA and EPA GHG 

Inventory, Tables 3-34 & 

3-36 

Maximum potential to emit = 270,804 short tons CO2 per year 

100 MMscf * 333 day * 3439 lbs CO2 * short ton = 57,259 short tons CO2/yr (combustion) 

 day yr MMscf 2000 lbs 

100 MMscf * 333 day * 4297 lbs CO2 * short ton = 71,545 short tons CO2/yr (fugitive) 

 day yr MMscf 2000 lbs 

142,000 short tons CO2 = 142,000 short tons CO2/yr (platform) 

 

2007 Operational Estimate Based On Sponsor Feedback

Foxtrot International’s 2007 operational emissions of 104,484 short tons CO2 was calculated 

using the following information. 

 

Data Value Source 

Fuel Type Natural Gas Project Description 

2008 Consumption 1530 MMscf/yr from flaring, power generation, and 

re-boiler offshore; 206 MMscf/yr from onshore 

heaters 

Project Sponsor 

Emissions Factor 0.0546 kg CO2/scf The Climate 

Registry, Table 12.1 

For the purpose of this baseline calculation, we are assuming 2007 operating year was similar 

to the 2008 operating year for which emissions were provided; therefore 2007 operational 

emissions = 104,484 short tons CO2 per year 

1736 MMscf * 1000000 scf * 0.0546 kg CO2 * short ton .

 yr MMscf scf 907.18 kg 

 

Natural Gas Liquids II Financing 

Maximum Potential to Emit Estimate

Natural Gas Liquids II Financing’s emissions estimate of 390,806 short tons CO2 was 

calculated using gas consumption rates provided in the project description and the following 

information. 
B-18

Data Value Source 

Fuel Type Natural Gas Project Description 

Pipeline Throughput 19.5 MMscfd Project Description 

Heat Content Natural Gas 1029 Btu/scf The Climate Registry, Table 12.1 

Emissions Factors 53.06 kg CO2/MMBtu The Climate Registry, Table 12.1 

Maximum potential to emit = 390,806 short tons CO2 per year 

19.5 MMscf * 333 day * 1029 Btu * 53.06 kg CO2 * 0.0011023 short tons 

 day yr scf MMBtu kg 

2007 Operational Estimate Based On Sponsor Feedback

Natural Gas Liquids II Financing’s 2007 operational emissions of 244,048 short tons CO2 was 

calculated using the following information. 

Data Value Source 

2007 Emissions 221,400 metric tonnes Project Sponsor 

2007 Operational Emissions = 244,048 short tons CO2 per year 

221,400 metric tonnes * short ton .

 0.9072 metric tonnes 

Equate Petrochemical 

Maximum Potential to Emit Estimate

Equate Petrochemical’s emissions estimate of 720,573 short tons CO2 was based on a typical 

petrochemical facility in the Middle East with 850 MMBtu/hr natural gas equivalent power and 

690 MMBtu/hr off gas equivalent power, total energy requirements of approximately 250 MW of 

natural gas fired power. These average specs were determined by Pace experts and 

referencing the April 2006 CEC/EPRI report. Below is the information used to perform the 

calculation. 

Data Value Source 

Fuel Type Natural Gas CEC, EPRI, p.4-6 

Energy Requirements 850 MMBtu/hr (natural gas equivalent power) 

690 MMBtu/hr (off gas equivalent power) 

CEC, EPRI, p.4-6 

Emissions Factors 53.06 kg CO2/MMBtu The Climate Registry, 

Table 12.1 

Maximum potential to emit = 720,573 short tons CO2 per year 

850MMBtu + 690 MMBtu * 8000hr * 53.06 kg CO2 * 0.0011023 short tons

 hr yr MMBtu kg 
B-19

West African Gas Pipeline

Maximum Potential to Emit Estimate

The West African Gas Pipeline’s emissions estimate of 244,728 short tons CO2 was calculated 

accounting for both combustion emissions from the compression and transmission of natural 

gas as well as fugitive emissions using the following information. 

Data Value Source 

Fuel Type Natural Gas Project Description 

Pipeline Throughput 190 MMscfd Project Description 

Emissions Factors 3439 lbs CO2 per MMscfd from combustion 

4297 lbs CO2 per MMscfd from fugitive 

U.S. EIA and EPA GHG 

Inventory, Tables 3-34 & 

3-36 

Total emissions estimate = 244,728 short tons CO2 per year 

190 MMscf * 333 day * 3439 lbs CO2 * short ton = 108,792 short tons CO2/yr (combustion) 

 day yr MMscf 2000 lbs 

190 MMscf * 333 day * 4297 lbs CO2 * short ton = 135,936 short tons CO2/yr (fugitive) 

 day yr MMscf 2000 lbs 

2007 Operational Estimate Based On Sponsor Feedback

The West African Gas Pipeline was under construction and not operational during 2007. Since 

emissions from construction would be below the 100,000 short ton threshold this project is 

omitted from the 2007 inventory. 

Wilpro Energy Services ( El Furrial) 

Maximum Potential to Emit Estimate

Wilpro Energy Services (El Furrial)’s emissions estimate of 289,106 short tons CO2 was based 

on capacity values and heat rates derived from the compressor depiction in the project 

description and from the manufacturer, Nuovo Pignone. Both combustion and fugitive 

emissions were included in the calculation. Below is the information used in the estimate. Pace 

experts estimated the energy requirements for the required compression of natural gas based 

on specifications included in the project description. 
B-20

Data Value Source 

Fuel Type Natural Gas Project Description 

Number of Compressors 4 Project Description 

Capacity 60 MW Project Description/Pace and 

Nuovo Pignone unit specs 

(Nye Thermodynamics 

Corporation) 

Heat Rate 9,976 Btu/kWh Nuovo Pignone unit specs 

(Nye Thermodynamics 

Corporation) 

GWP for CH4 21 The Climate Registry, 

Appendix B 

Emissions Factors 53.06 kg CO2/MMBtu (combustion) 

0.0122 tonnes CH4/hr (fugitive) 

The Climate Registry, Table 

12.1 and API GHG 

Compendium, Table 6-5 

Maximum potential to emit = 289,106 short tons CO2 per year 

60MW*8000hr*1000kW*9976Btu* MMBtu *53.06kgCO2*0.0011023short tons = 280,069 short tons CO2 (combust) 

 yr MW kWh 1000000Btu MMBtu kg 

0.0122 tonnes CH4* short ton *8000hr *4 compressors*21 tonnes CH4 = 9,037 short tons CO2 (fugitive) 

 hr 0.9072 metric tonne yr tonnes CO2e 

2007 Operational Estimate Based On Sponsor Feedback

Wilpro Energy Services (El Furrial)’s 2007 operational emissions of 289,106 short tons CO2

was calculated using the following information. 

Data Value Source 

Fuel Type Natural Gas Project Description 

Number of Compressors 4 centrifugal compressors Project Description 

Capacity 60MW Project Description and Coopers 

Heat Rate 9976 Btu/kWh Coopers Data 

GWP for CH4 21 The Climate Registry, Appendix B 

Emissions Factors 53.06 kg CO2/MMBtu 

(combustion) 

0.0122 tonnes CH4/hr 

(fugitive) 

The Climate Registry, Table 12.1 

and API GHG Compendium, Table 

6-5 

2007 Operational emissions = 289,106 short tons CO2 per year 

60MW*8000hr*1000kW*9976Btu* MMBtu *53.06kgCO2*0.0011023short tons = 280,069 short tons CO2 (combust) 

 yr MW kWh 1000000Btu MMBtu kg 

0.0122 tonnes CH4* short ton *8000hr *4 compressors*21 tonnes CH4 = 9,037 short tons CO2 (fugitive) 

 hr 0.9072 metric tonne yr tonnes CO2e 
B-21

Wilpro Energy Services (Pigap) 

Maximum Potential to Emit Estimate

Wilpro Energy Services (Pigap)’s emissions estimate of 507,923 short tons CO2 was based on 

capacity values and heat rates derived from the compressor depiction in the project description 

and from the manufacturer, Nuovo Pignone. Both combustion and fugitive emissions were 

included in the calculation. Below is the information used in the estimate. Pace experts 

estimated the energy requirements for the required compression of natural gas based on 

specifications included in the project description. 

Data Value Source 

Fuel Type Natural Gas Project Description 

Number of Compressors 8 Project Description 

Capacity 100 MW Project Description/Pace and 

Nuovo Pignone unit specs 

(Nye Thermodynamics 

Corporation) 

Heat Rate 10469 Btu/kWh Nuovo Pignone unit specs 

(Nye Thermodynamics 

Corporation) 

GWP for CH4 21 The Climate Registry, 

Appendix B 

Emissions Factors 53.06 kg CO2/MMBtu (combustion) 

0.0122 tonnes CH4/hr (fugitive) 

The Climate Registry, Table 

12.1 and API GHG 

Compendium, Table 6-5 

Maximum potential to emit = 507,923 short tons CO2 per year 

100MW*8000hr*1000kWh*10469Btu* MMBtu *53.06kgCO2*0.0011023short ton=489,849 short tons CO2 (combust) 

 yr MWh kWh 1000000Btu MMBtu kg 

0.0122 tonnes CH4* short ton *8000hr *8 compressors* 21 tonnes CH4 = 18,074 short tons CO2 (fugitive) 

 hr 0.9072 metric tonne yr tonnes CO2e 

2007 Operational Estimate Based On Sponsor Feedback

Wilpro Energy Services (Pigap)’s 2007 operational emissions of 571,090 short tons CO2 was 

calculated using the following information. 
B-22

Data Value Source 

Fuel Type Natural Gas Project Description 

Number of Compressors 8 centrifugal compressors Project Description 

Capacity 100MW Project Description and Nuovo 

Pignone data 

Heat Rate 11819 Btu/kWh Nuovo Pignone Data 

GWP for CH4 21 The Climate Registry, Appendix B 

Emissions Factors 53.06 kg CO2/MMBtu 

(combustion) 

0.0122 tonnes CH4/hr 

(fugitive) 

The Climate Registry, Table 12.1 

and API GHG Compendium, Table 

6-5 

2007 Operational emissions = 571,090 short tons CO2 per year 

100MW*8000hr*1000kW*11819Btu* MMBtu *53.06kgCO2*0.0011023short tons = 553,016 short tonsCO2(combust) 

 yr MW kWh 1000000Btu MMBtu kg 

0.0122 tonnes CH4* short ton *8000hr *8 compressors*21 tonnes CH4 = 18,074 short tons CO2 (fugitive) 

 hr 0.9072 metric tonne yr tonnes CO2e 
B-23

Conversion Factors and Sources 

Below are additional emission factors, conversions, and other factors used in the emission 

estimates and sources. 

Value Unit of Measure Source 

8,000 Hours per Year Conservative Operating Assumption – EIA 

Form 923 data, 2007 

333 Days per Year Calculated from Hours per Year 

1,000 kWh per MWh The Climate Registry, Appendix C 

1,000,000 Btu per MMBtu The Climate Registry, Appendix C 

0.001 metric tonnes per kg The Climate Registry, Appendix C 

0.0011023 Short Tons per kg The Climate Registry, Appendix C 

1,000,000 scf per Mcf The Climate Registry, Appendix C 

0.02832 m3 per scf The Climate Registry, Appendix C 

0.9072 metric tonnes per short ton The Climate Registry, Appendix C 

0.000001 metric tonnes per g The Climate Registry, Appendix C 

0.0000011023 short tons per g The Climate Registry, Appendix C 

907.18 kg per short ton The Climate Registry, Appendix C 

2.2046 lbs per kg The Climate Registry, Appendix C 

2204.62 lbs per metric tonne The Climate Registry, Appendix C 

2,000 lbs per short ton The Climate Registry, Appendix C 

42 gallons per barrel The Climate Registry, Appendix C 

53.06 kg CO2 per MMBtu natural gas The Climate Registry, Table 12.1 

73.15 kg CO2 per MMBtu diesel (fuel oil) The Climate Registry, Table 12.1 

93.46 kg CO2 per MMBtu coal (bituminous) The Climate Registry, Table 12.1 

97.09 kg CO2 per MMBtu coal (sub-bituminous) The Climate Registry, Table 12.1 

74.54 kg CO2 per MMBtu crude oil The Climate Registry, Table 12.1 

0.0546 kg CO2 per scf natural gas The Climate Registry, Table 12.1 

1029 Btu per scf natural gas The Climate Registry, Table 12.1 

5.825 MMBtu per barrel diesel (fuel oil) The Climate Registry, Table 12.1 

24.93 MMBtu per short ton coal (bituminous) The Climate Registry, Table 12.1 

17.25 MMBtu per short ton coal (subbituminous) The Climate Registry, Table 12.1 

5.8 MMBtu per barrel crude oil The Climate Registry, Table 12.1 

893 g CO2 per kWh generated using coal IFC Guidance Note 3, Annex A section A-(i) 

659 g CO2 per kWh generated using oil IFC Guidance Note 3, Annex A section A-(i)

395 g CO2 per kWh generated using nat. gas IFC Guidance Note 3, Annex A section A-(i)
Proprietary & Confidential C-1

APPENDIX C 

Annotated Bibliography 

American Petroleum Institute. Compendium of Greenhouse Gas Emissions Methodologies for 

the Oil and Gas Industry. February 2004. 

<http://www.api.org/ehs/climate/new/upload/2004_COMPENDIUM.pdf> 

For those projects in Tier B [Accroven SRL, Various Egypt Subsidiaries (Apache), EP 

Interoil, RPK-Vysotsk (Lukoil II)] for which there were no consumption volumes or other 

data to base an emissions estimate from, examples from API were used. The size of 

operations for these examples was compared to the size of the projects in Tier B 

resulting in a multiplication factor which was applied to the API example’s emissions 

estimate to arrive at an approximate estimate for the Tier B project. Additionally, a 

methane fugitive emissions factor for compression was used for the Wilpro Energy 

Services projects as this factor was sourced from the API Compendium of Greenhouse 

Gas Emissions, Table 6-5. 

California Energy Commission, Electric Power Research Institute. Implementing Advanced 

Control and Power Technologies to Improve Energy Efficiency and Reduce Operating Costs for 

U.S. Petroleum Refining and Petrochemical Manufacturing. CEC-500-2006-055. April 2006. 

No information was provided in the project description for the Equate Petrochemical 

facility indicating its size or energy consumption. The average size of petrochemical 

facilities in the Middle East, of ~850,000 tpy, was sourced from the Oil and Gas Journal. 

Specific energy requirements and generation sources expected from a petrochemical 

facility of this size were sourced from the CEC report. This data enabled the qualified 

estimation of emissions from this facility. 

The Climate Registry. General Reporting Protocol Version 1.1. May 2008. 

<http://www.theclimateregistry.org/downloads/GRP.pdf> 

The Climate Registry is the broadest reaching registry in North America with 

participation from all Canadian provinces, six Mexican states, and forty U.S. states. The 

Climate Registry’s General Reporting Protocol is based on the WRI/WBCSD GHG 

Protocol, the “gold” standard in GHG Accounting and Reporting. Emission, heat content, 

and conversion factors from this document were used in the analysis (Table 12.1 and 

Appendix C). 

Energy Information Administration (EIA) U.S. Natural Gas Consumption by End Use. 2003-

2007. 

<http://tonto.eia.doe.gov/dnav/ng/ng_cons_sum_dcu_nus_a.htm> 
Proprietary & Confidential C-2

Emissions from natural pipeline transport are very segment specific, varying with 

pipeline infrastructure, compression energy source, and segment distance. In order to 

define the related emissions for representative pipeline hauls in the absence of system 

specifications, Pace assumed pipeline fuel consumption and both combustion and noncombustion CO2e emissions based on EIA natural gas consumption data and data from 

the U.S. GHG Inventory released by EPA in 2008. This data yielded an average fugitive 

emission loss rate of 1.7% (per unit volume), and fugitive emissions factor of 4,297 lbs 

CO2 per MMscfd. The emissions associated with combustion required to move natural 

gas was calculated to be3,439 lbs CO2 per MMscd. 

International Energy Agency. Coal in Indonesia in 2006. 

<http://www.iea.org/Textbase/stats/coaldata.asp?COUNTRY_CODE=ID> 

The coal profile for Indonesia in 2006 specifies the type of coal consumed and what it 

was combusted for. The table provided by IEA, details the volume of coal used in 

electricity plants as being 100% sub-bituminous. This information was necessary to 

calculate the emissions for Paiton Energy as each coal type has a different emissions 

factor and heat content value. 

International Energy Agency. Coal in Morocco in 2006. 

<http://www.iea.org/Textbase/stats/coaldata.asp?COUNTRY_CODE=MA> 

The coal profile for Morocco in 2006 specifies the type of coal consumed and what it was 

combusted for. The table provided by IEA, details the volume of coal used in electricity 

plants as being 100% bituminous. This information was necessary to calculate the 

emissions for Jorf Lasfar Energy as each coal type has a different emissions factor and 

heat content value. 

International Finance Corporation. Guidance Note 3: Pollution Prevention and Abatement. July 

31, 2007. <http://www.ifc.org/ifcext/sustainability.nsf/Content/GuidanceNotes> 

This guidance note by the IFC provides suggested GHG emissions estimation 

methodologies for the energy and industrial sectors. The table in Annex A provides the 

capacity for electric generating technologies (oil = 25MW, coal = 18MW, gas = 41MW) 

that would emit 100,000 metric tonnes of CO2e per year. The table also provides the 

emissions factor which was applied to the electric generation projects for which no 

throughput or consumption volumes were available. 

Nye Thermodynamics Corporation. Gas Turbine Specifications by Manufacturer. Nuovo 

Pignone turbine specifications. 

<http://www.gas-turbines.com/specs/manuf.htm> 

The project descriptions for Wilpro Energy Services (Pigap) and Wilpro Energy Services 

(El Furrial) indicate that the compression if driven by Nuovo Pignone Gas Turbines. 

Pace estimated energy requirements from compression levels depicted for each project 

and consulted specifications of the appropriately sized Nuovo Pignone gas turbines. 

Efficiency and other specifications of these turbines were collected from the Nye 
Proprietary & Confidential C-3

Thermodynamics Corporation website documenting gas turbine specifications by 

manufacturer. 

 

Oil and Gas Journal. “Special Report: Worldwide Ethylene Capacity Increases 2 Million TPY in 

2007,” Volume 106, July 28, 2008. 

No information was provided in the project description for the Equate Petrochemical 

facility indicating its size or energy consumption. The average size of petrochemical 

facilities in the Middle East, of ~850,000 tpy, was sourced from the Oil and Gas Journal. 

Specific energy requirements and generation sources expected from a petrochemical 

facility of this size were sourced from the CEC report. This data enabled the qualified 

estimation of emissions from this facility. 

Trans Alaska Pipeline Environmental Impact Statement Document, Energy Requirements for 

Conservation Potential. February 15, 2001. 

<http://tapseis.anl.gov/documents/docs/Section_4_9_May2.pdf> 

Energy demand factors for crude pipeline transport were sourced from documents 

associated with the Environmental Impact Statement for the Trans Alaska Gas pipeline 

in order to calculate GHG emissions for the Baku-Tblisi-Ceyhan Pipeline. 

United States Environmental Protection Agency.(EPA). AP 42: Compilation of Air Pollutant 

Emission Factors, Volume 1 Stationary Point and Area Sources. “Appendix A: Miscellaneous 

Data & Conversion Factors”. September 1985. <http://www.epa.gov/ttn/chief/ap42/> 

Conversion factors not provided by The Climate Registry were obtained from U.S. EPA’s 

AP 42 document, specifically for the density of natural gas and crude oil and the 

conversion of kilometers to miles. 

United States Environmental Protection Agency.(EPA). Inventory of U.S. GHG Emissions and 

Sinks, 1990-2006. Tables 3-34 and 3-36. 

<http://www.epa.gov/climatechange/emissions/downloads/08_CR.pdf> 

Emissions from natural pipeline transport are very segment specific, varying with 

pipeline infrastructure, compression energy source, and segment distance. In order to 

define the related emissions for representative pipeline hauls in the absence of system 

specifications, Pace assumed pipeline fuel consumption and both combustion and noncombustion CO2e emissions based on EIA natural gas consumption data and data from 

the U.S. GHG Inventory released by EPA in 2008. This data yielded an average fugitive 

emission loss rate of 1.7% (per unit volume), and fugitive emissions factor of 4,297 lbs 

CO2 per MMscfd. The emissions associated with combustion required to move natural 

gas was calculated to be 3,439 lbs CO2 per MMscd.