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Washington l New York l Houston l Columbia l Sacramento l San Diego l London l Moscow l www.paceglobal.com 

2008 Greenhouse Gas Emissions Inventory Report 

Prepared for: 

Overseas Private Investment Corporation 

May 2010 
1

TABLE OF CONTENTS 

INTRODUCTION ........................................................................................................................ 2

Background: ....................................................................................................................... 2

Objective & Scope: ............................................................................................................. 2

Baseline Development: ....................................................................................................... 2

2008 Emissions Inventory: .................................................................................................. 2

METHODOLOGY ....................................................................................................................... 4

2008 Initial Screen .................................................................................................................. 4

Tier A (Power Generation) Facility Inventory Estimates .......................................................... 4

Tier B Facility Inventory Estimates .......................................................................................... 5

Annual Review of Inventory Estimates ................................................................................... 5

Project Sponsor Feedback and Estimate Revisions ............................................................... 5

RESULTS .................................................................................................................................. 6

APPENDIX A .............................................................................................................................. 9

Table A-1: Active Project List .................................................................................................. 9

Table A-2: Initial Short List ................................................................................................... 33

APPENDIX B ............................................................................................................................ 35

Tier A Projects – Based on Sponsor Provided Throughput ................................................... 35

Tier A Projects – Based on Capacity (Throughput not Available) .......................................... 41

Tier B Projects ...................................................................................................................... 50

APPENDIX C ........................................................................................................................... 61

Conversion Factors and Sources ......................................................................................... 61

APPENDIX D ........................................................................................................................... 62

Annotated Bibliography ........................................................................................................ 62
2

INTRODUCTION 

Background: 

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. 

Objective & Scope: 

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. The estimate includes only those projects active in OPIC’s portfolio as of September 

30, 2009 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. 

Baseline Development: 

To develop an initial baseline, Pace conducted a screen of OPIC supported projects for the 

2007 calendar year and includes only those emissions from direct, on site emission sources 

from operations. It does not include indirect emissions associated with purchased electricity or 

steam, chemical releases, or the past construction of facilities. After further analysis of 

environmental data and project descriptions, Pace narrowed this list to a short list of projects 

that had the potential to exceed the threshold of 100,000 short tons CO2 per annum from direct 

fossil fuel combustion. The maximum Potential to Emit (“PTE”) was then estimated for this short 

list of projects and is 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 from the individual sponsors. The 2007 inventory consisted 

of project sponsor provided information where responses were received and Pace’s estimates 

for the project’s maximum potential to emit for projects where sponsor feedback was not 

received as of the time of reporting for the 2007 year inventory report (March 2009). 

2008 Emissions Inventory: 

Following the same process used to develop the baseline, Pace performed an initial screen of 

OPIC supported projects operational for the 2008 calendar year and active as of September 30, 

2009, the close of the fiscal year. All projects active in 2007 and identified to be below the 

threshold for inclusion were excluded in the initial screen. The initial shortlist included 44 

projects that were new to OPIC’s portfolio as of 2008 and had the potential to be major sources 

and projects that were considered major sources and were included in the 2007 inventory. 

Pace and narrowed this list 25 short-listed projects and one fund that exceeded the 100,000 

short tons CO2 per annum threshold. Information requests were sent to project sponsors to 

validate 2008 emission inventory estimates. Actual 2008 emissions estimates and operating 
3

data received from project sponsors was used in the 2008 inventory if received. For projects 

where sponsor feedback and / or actual 2008 year operating data was unavailable, the 2007 

baseline estimate was used to reflect 2008 emissions, in absence of updated actual operational 

data. The estimated total for OPIC’s 2008 GHG Inventory is 33,508,710 short tons CO2. 

This report presents the results of the 2008 year GHG emissions estimate for OPIC projects. 

Next year, Pace will review and update the emissions attributable to projects to which OPIC is 

financially committed for the 2009 calendar year and identify and report differences from the 

emissions estimates presented in the initial inventory report herein. 
4

METHODOLOGY 

2008 INITIAL SCREEN

For 2008, Pace screened all of OPIC’s affiliated projects from the complete project list provided 

by OPIC. The scope of the analysis included emissions from the direct combustion of fossil fuels 

from projects 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: Active Project List for the complete list of projects analyzed). 

• Projects that were active as of September 30,2009; 

• Projects that were determined to emit over 100,000 short tons of CO2 per year through 

the analysis performed in 2007 for the baseline inventory; and 

• New projects with which OPIC was affiliated as of 2008 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. 

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 44 projects were included in the initial ‘short list.’ (See APPENDIX A, Table A-2: Initial 

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

additional information regarding specific projects, this list was shortened to 26 projects that 

could potentially reach or surpass the emissions threshold for inclusion in the inventory. None of 

the new projects for 2008 were determined to have the potential to emit over the threshold for 

inclusion so this list consisted of projects included in the baseline. Pace vetted and finalized 

emission calculations for these projects and included them into the 2008 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 all 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 

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 D. 
5

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

consumption data provided by the project sponsors, either for 2008 or default to 2007 sponsor 

provided if responses for 2008 were not received. The data used in the calculations as well as 

the maximum PTE calculations are detailed in APPENDIX B. 

TIER B FACILITY INVENTORY ESTIMATES

Nine 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 D. 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 2008 operational emissions 

estimates. This feedback reflects OPIC’s 2008 emissions inventory which includes emissions 

from 22 of the 25 projects on the final short list. When sponsor feedback was unavailable, the 

2007 estimate was used to reflect 2008 emissions. 

Based on sponsor feedback, two projects were removed from the inventory. The West African 

Gas Pipeline project was again not operational in 2008 and while Termovalle SCA is expected 

to increase its emissions over time its 2008 was below the 100,000 short ton threshold. 

Additionally, Trakya Elektrik was omitted from the inventory since they were not active as of 

September 30, 2009. 
6

RESULTS 

OPIC’s 2008 GHG Inventory is 33,508,710 short tons CO2, based on sponsor feedback and maximum PTE when sponsor 

comments were unavailable. Exhibit 1: 2008 OPIC GHG Emissions Inventory Estimate by Project 

Project Name Location Description Capacity / Throughput Fuel Type Maximum PTE (short tons CO2) 

2007 Sponsor 

Reported 

Emissions 

Baseline 

(short tons 

CO2) 

2007 

Sponsor 

Feedback 

FINAL 2008 

Emissions 

(short tons 

CO2) 

2008 

Sponsor 

Feedback 

Tier A Projects

Adapazari Elektrik Uretim Turkey Combined Cycle 777 MW Natural Gas 2,706,499 2,106,754 Yes 2,106,754 Yes AES Jordan1 Jordan Combined Cycle 10,103,603 

MMBtu/yr 

Natural Gas 1,288,809 0 Yes 590,940 Yes 

AES Nigeria Barge Nigeria Engine-Based 

Power Generation 

270 MW Natural Gas 1,603,307 1,166,398 Yes 1,341,157 Yes 

Doga Enerji Turkey Combined Cycle 180 MW Natural Gas 816,057 740,762 Yes 740,762 Yes Gaza Private Generating PLC2 Gaza Combined Cycle 136.4 MW Natural Gas 487,658 293,804 Yes 303,535 Yes Gebze Elektrik Uretim Turkey Combined Cycle 1554 MW Natural Gas 5,412,998 4,121,923 Yes 4,121,923 Yes Grenada Electricity Services (WRB)3

Grenada Engine-Based 

Power Generation 

18 MW Diesel (Fuel 

Oil) 

104,604 114,571 Yes 121,156 Yes 

Habibullah Coastal Power Pakistan Combined Cycle 140 MW Natural Gas 487,658 447,880 Yes 447,880 Yes Isagen SA4 Colombia Combined Cycle 300 MW Natural Gas 696,654 203,010 Yes 13,746 Yes Izmir Elektrik Uretim Turkey Combined Cycle 1554 MW Natural Gas 5,412,998 4,694,380 Yes 4,694,380 Yes Jorf Lasfar Energy5 Morocco Steam Boiler 1356 MW Coal 14,268,496 14,268,496 No - Yes NEPC Consortium Power Bangladesh Engine-Based 

Power Generation 

363,184 MMBtu/yr 

Natural Gas 383,159 245,795 Yes 343,581 Yes 

1 AES Jordan: Commenced operation in June 2008 and therefore operated for less than 8,000 hours in 2008 (their emissions will be higher in the future years). 2 Gaza Private Generating PLC: Operated less than 8000 hours in 2008. 3 Grenada Electricity Services (WRB): This is an engine-based power plant. 4 Isagen SA: Emissions for 2008 were 13,746 CO2e, as reported by the Sponsor. However, since they operated only a few days in 2008 their emissions were excluded from 

the 2008 Inventory. 

5 Jorf Lasfar Energy: Emissions for 2008 were 14,268,496 CO2e, as reported by the Sponsor. However, since this project was not active as of Sep 30, 2009 it is not included 

in the 2008
7

Project Name Location Description Capacity / Throughput Fuel Type Maximum PTE (short tons CO2) 

2007 Sponsor 

Reported 

Emissions 

Baseline 

(short tons 

CO2) 

2007 

Sponsor 

Feedback 

FINAL 2008 

Emissions 

(short tons 

CO2) 

2008 

Sponsor 

Feedback 

Paiton Energy Indonesia Steam Boiler 1200 MW Coal 7,938,380 9,553,044 Yes 9,553,044 Yes Pakistan Water & Power Authority Pakistan Combined Cycle 150 MW Natural Gas 522,490 522,490 Yes 522,490 Yes Termovalle SCA6 Colombia Combined Cycle 199 MW Natural Gas 714,070 0 Yes 46,213 Yes Trakya Elektrik Uretim ve Ticaret7 Turkey Combined Cycle 478 MW Natural Gas 1,818,912 1,747,956 Yes - Yes Tier B Projects8

Accroven SRL9 Venezuela NGL Facility 800 

MMscfd 

Natural Gas 998,677 998,677 Yes 445,832 Yes 

Baku-Tblisi-Ceyhan Pipeline Azerbaijan Crude Oil 

Pipeline 

247 million bbl 

Natural Gas & Diesel 

699,034 707,672 Yes 707,672 Yes 

E.P. Interoil Papua New 

Guinea 

Crude Oil Refinery 

358,798 MMBtu/yr 

Crude Oil 802,469 392,296 Yes 103,247 Yes 

Equate Petrochemical10 Kuwait Petrochemical 

Facility 

1540 MMBtu/hr 

Natural Gas 720,573 720,573 Yes 680,311 Yes 

Foxtrot International Cote 

d'Ivoire 

Gas Extraction & Pipeline 

1736 MMscf/yr 

Natural Gas 270,804 104,484 Yes 104,484 Yes 

Natural Gas Liquids II Financing Nigeria NGL Facility 19.5 

MMscfd 

Natural Gas 390,806 244,048 Yes 244,048 No 

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 Yes 1,589,653 Yes 

Wilpro Energy Services (El Furrial) Venezuela Gas Compression 60 MW Natural Gas 289,106 289,106 Yes 289,106 No Wilpro Energy Services (Pigap) Venezuela Gas Compression 100 MW Natural Gas 507,923 571,090 Yes 571,090 No 6 Termovalle SCA: Emissions for 2008 were 46,213 CO2e, as reported by the Sponsor. Emissions are less than 100k tons but an increase in operating hours in future years 

is expected. 

7 Trakya Elekrik Uretim Ve Ticaret: Emissions for 2008 were 1,484,377 CO2e, as reported by the Sponsor. However, since this project was not active as of Sep 30, 2009 it 

is not included in the 2008 Inventory. 8 West AfricanGas Pipeline: Not Operational as of 2008 (was included in baseline), per sponsor feedback in 2007.No emissions, therefore, were reported for 2007 or 2008. 9 Accroven: Sponsor provided feedback for 2007 in form of report but did not include GHG information for 2008. The PTE was used, as a result, for 2007. 

10 Equate Petrochemical: Sponsor provided feedback for 2007 after the report was issued. Actual 2007 operating emissions were 680,311 short tons. Emissions were 

greater than PTE due to increased capacity. 
8

Totals

Subtotal11: 50,532,617 45,760,455 29,623,044 

Latin American Power III Funds12: 2,290,013 2,290,013 2,290,013 

5% for Additional Sources13: 2,641,132 2,402,523 1,595,653 

Total: 55,463,762 50,452,992 33,508,710 

11 All projects not active as of Sep 30, 2009 were not included in the 2008 analysis 12 Per agreement between Latin American Power III and OPIC, the Fund agreed to “not make an investment in a Portfolio Company if after such investment, the assets and 

operations of all Portfolio Companies then held by the Fund would emit (in the aggregate and on a calendar year basis) in excess of 2,290,013 short tons CO2 as calculated 

in accordance with the IPCC”.

13 TCR Simplified Estimation Method suggests 5% reasonable error for inventory 
9

APPENDIX A 

Table A-1: Active Project List includes a list of all OPIC projects active as of September 30, 

2009 that were screened for this analysis. Table A-2: Initial Short List presents the initial shortlist 

of projects screened that were determined to have the potential to emit over 100,000 short tons 

of CO2. 

TABLE A-1: ACTIVE PROJECT LIST

Project Name Country Sector 

FINANCE 

AFGHAN GROWTH FINANCE LLC AFGHANISTAN FIN 

ABI GROUP LTD. AFGHANISTAN MFR 

PACIFIC COLLECTION COMPANY/TRIBAL LOOM AFGHANISTAN MFR 

MOUNTAIN PASTURES HOLDINGS LLC AFGHANISTAN MFR 

QWO JOINT STOCK COMPANY AFGHANISTAN MFR 

QWO JOINT STOCK COMPANY AFGHANISTAN MFR 

SAFI APPAREL CORPORATION AFGHANISTAN MFR 

SUSTAINABLE ENERGY SERVICES AFGHANISTAN AFGHANISTAN POWER 

AMERICAN WOOL-CASHMERE, INC. AFGHANISTAN SVC 

IBS HOLDINGS, LLC AFGHANISTAN SVC 

SUMMIT ASSOCIATES, LTD. AFGHANISTAN SVC 

TAYL INVESTORS GROUP LIMITED AFGHANISTAN TOUR 

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

AEGIS INVESTMENT COMPANY ALL OPIC COUNTRIES FIN 

BLUEORCHARD MICROFINANCE SECURITIES I LLC ALL OPIC COUNTRIES FIN 

CALVERT SOCIAL INVESTMENT FOUNDATION ALL OPIC COUNTRIES FIN 

CONSERVATION INTERNATIONAL FOUNDATION ALL OPIC COUNTRIES FIN 

EMERGENCY LIQUIDITY FACILITY, L.P. ALL OPIC COUNTRIES FIN 

MFX SOLUTIONS, INC. ALL OPIC COUNTRIES FIN 

MICROFINANCE SECURITIES XXEB SA JUNIOR ALL OPIC COUNTRIES FIN 

MICROFINANCE SECURITIES XXEB SA MEZZANINE ALL OPIC COUNTRIES FIN 

MICROFINANCE SECURITIES XXEB SA SENIOR ALL OPIC COUNTRIES FIN 

MICROVEST I, LP ALL OPIC COUNTRIES FIN 

PROCREDIT HOLDING A.G. ALL OPIC COUNTRIES FIN 

E+CO., INC ALL OPIC COUNTRIES POWER 

TIVANNAH GLOBAL LDA ANGOLA MFR 

S&N PUMP AFRICA, LDA ANGOLA SVC 

BRAVO ENERGY ARGENTINA SCA ARGENTINA OIL 
10

Project Name Country Sector 

FINANCE 

COMPANIA GENERAL DE COMERCIO E INDUSTRIA SA ARGENTINA TOUR 

DESARROLLOS DE LOS SUENOS, S.A. ARGENTINA TOUR 

FIRST MORTGAGE COMPANY UCO, LLC ARMENIA FIN 

WBC-ARDSHININVESTBANK CJSC ARMENIA FIN 

ARMENIA HOTEL COMPLEX CLOSED JSC ARMENIA TOUR 

DOMES INTERNATIONAL, INC. ASIA REGIONAL MFR 

TBC KREDIT NON-BANKING CREDIT ORGANIZATI LLC AZERBAIJAN FIN 

TBC KREDIT NON-BANKING CREDIT ORGANIZATI LLC AZERBAIJAN FIN 

WBC-RABITABANK OJSC AZERBAIJAN FIN 

WBC-TURANBANK OJSC AZERBAIJAN FIN 

CASIA-PACIFIC BANGLADESH TELECOM LIMITED BANGLADESH COMM 

CASIA-BRAC BANGLADESH FIN 

NEPC CONSORTIUM POWER LTD.(HARIPUR) BANGLADESH POWER 

VISTAS BELIZE LTD BELIZE CONS 

RAPID MAIL COMPANY LIMITED BELIZE SVC 

SERVICIO GRAFICOS QUIPUS BOLIVIA MFR 

ROUMEL DEVELOPMENT CORPORATION BOSNIA-HERZEGOVINA CONS 

ROUMEL DEVELOPMENT CORPORATION 2 BOSNIA-HERZEGOVINA CONS 

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

RURALFONE, INC. BRAZIL COMM 

AMEBRASIL CONSTRUCOES LIMITADA BRAZIL CONS 

CSI LATINA FINANCIAL, INC/CSI LATINA ARRENDA BRAZIL FIN 

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

NCB3-BANCO PINE S.A. BRAZIL FIN 

W3-BANCO FIBRA, S.A. BRAZIL FIN 

W3-BANCO PINE, S.A. BRAZIL FIN 

ACAI DO AMAPA AGROINDUSTRIAL LTDA. BRAZIL MFR 

BRAZILIAN EMERALDS,INC. BRAZIL MINE 

PRINCETON HEALTHCARE BRAZIL SVC 

MORUMBY HOTEIS LTDA. BRAZIL TOUR 

W2-FIRST INVESTMENT BANK BULGARIA BULGARIA FIN 

CMFI-AGENCE DE CREDIT POUR L'ENTREPRISE PRIV CAMEROON FIN 

NATURA BEVERAGE LLC CAMEROON MFR 

NATURA BEVERAGE, LLC CAMEROON MFR 

TB-DRISCOLL STRAWBERRY ASSOCIATES, INC. CHILE AGRI 

SOCIEDAD CONCESIONARIA VESPUCIO NORTE EXPRES CHILE CONS 
11

Project Name Country Sector 

FINANCE 

COMPANIA MINERA PIMENTON SA CHILE MINE 

LEAWOOD INVESTMENTS INC/BARRIEFIELD LLC COLOMBIA AGRI 

PRODUCTORA DE PAPELES SA (PROPAL) COLOMBIA MFR 

PRODUCTORA DE PAPELES SA (SUBORDINATED DEBT) COLOMBIA MFR 

JOSHI TECHNOLOGIES INTERNATIONAL INC COLOMBIA MINE 

JOSHI TECHNOLOGIES INTERNATIONAL, INC. COLOMBIA MINE 

PARKO SERVICES, S.A. COLOMBIA OIL 

PARKO SERVICES, S.A.. COLOMBIA OIL 

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

BANCO BAC SAN JOSE, S.A. (TRANCHE A) COSTA RICA FIN

BANCO BAC SAN JOSE, S.A. (TRANCHE B) COSTA RICA FIN

BANCO LAFISE S.A. COSTA RICA FIN 

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

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

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

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

CCA2-GRUPO M HOLDING S.A. COSTA RICA FIN 

WBC-IMPROSA SERVICIOS INTERNACIONALES S.A. COSTA RICA FIN 

WESTSTAR PRECISION, INC. COSTA RICA MFR 

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

CSA-BANCO PROCREDIT ECUADOR ECUADOR FIN 

CORPORACION QUIPORT S.A. ECUADOR TRAN 

BANCO DE AMERICA CENTRAL, S.A. (TRANCHE A) EL SALVADOR FIN 

BANCO DE AMERICA CENTRAL, S.A. (TRANCHE B) EL SALVADOR FIN 

CMFI-APOYO INTEGRAL, S.A. DE C.V. EL SALVADOR FIN 

GOLDEN SIERRA PARTNERS, LLC ESTONIA MFR 

MEDPHARM, INC. ETHIOPIA SVC 

CSI LEASING POLSKA SP.Z.O.O ET AL EUROPE REGIONAL FIN 

INTERNET GABON, SA GABON SVC 

MIDDLE EAST INVESTMENT INITIATIVE, INC. GAZA FIN 

MIDDLE EAST INVESTMENT INITIATIVE,INC. GAZA FIN 

JSC IBERIA REAL ESTATE GEORGIA CONS 

JSC SB IBERIA GEORGIA CONS 

CHOUS-JOINT STOCK COMPANY TBC BANK GEORGIA FIN 

JSC BANK OF GEORGIA GEORGIA FIN 

JSC BANK OF GEORGIA GEORGIA FIN 
12

Project Name Country Sector 

FINANCE 

WBC-BANK OF GEORGIA GEORGIA FIN 

WBC-GEORGIAN LEASING COMPANY, LLC GEORGIA FIN 

SANTE GMT PRODUCTS LLC GEORGIA MFR 

GMT MTATSMINDA, LLC GEORGIA SVC 

GMT REAL ESTATE, LLC. GEORGIA SVC 

JOINT STOCK COMPANY HOTEL TBILISI GEORGIA TOUR 

AMERICAN MONOLITH LTD GEORGIA TRAN 

PACIFIC INTERNATIONAL HOLDINGS, INC. GEORGIA TRAN 

GHANA HOME LOANS (FUND 1) LIMITED GHANA FIN 

AFRICAN-AMERICAN TRADING COMPANY, INC. GHANA MFR 

CAMAS GHANA INC. GHANA MFR 

SLID INDUSTRIES, LTD. GHANA MFR 

LAGRAY CHEMICAL COMPANY LTD GHANA MFR 

PHYTO-RIKER PHARMACEUTICALS LTD. GHANA MFR 

INTERNATIONAL COMMUNITY SCHOOL LIMITED GHANA SVC 

FLAMA DE ORO S.A. GUATEMALA AGRI 

FLAMA DE ORO, S.A. GUATEMALA AGRI 

LA FUTURA, S.A. GUATEMALA AGRI 

BANCO DE AMERICA CENTRAL, S.A. (TRANCHE A) GUATEMALA FIN 

BANCO DE AMERICA CENTRAL, S.A. (TRANCHE B) GUATEMALA FIN 

CHOUS-BANRURAL S.A. GUATEMALA FIN 

W3-BANCO REFORMADOR, S.A. GUATEMALA FIN 

WBC-NUEVOS ALMACENES S.A. D/B/A/ CEMACO GUATEMALA SVC 

ROTA INTERNATIONAL EXPORTING, LLC. GUINEA-BISSAU AGRI 

CCA2-DIGICEL HONDURAS S.A. DE CV HONDURAS COMM 

GHP(HONDURAS)LLC/GLOBAL HOUSING DEVELOPMENT HONDURAS CONS 

BANCO DE AMERICA CENTRAL HONDURAS, S.A.(TR A HONDURAS FIN 

BANCO DE AMERICA CENTRAL HONDURAS, S.A.(TR B HONDURAS FIN 

BANCO LAFISE HONDURAS, S.A. HONDURAS FIN 

BANCO LAFISE HONDURAS, S.A. HONDURAS FIN 

CCA2-BANCO MERCANTIL, S.A. HONDURAS FIN 

CHOUS-BANCO FINANCIERA COMMERCIAL HONDURENA HONDURAS FIN 

INTER-MAC INTERNATIONAL, INC. HONDURAS FIN 

W-BANCO FINANCIERA COMERCIAL HONDURENA HONDURAS FIN

W2-BANCO ATLANTIDA HONDURAS FIN 

W2-BANCO DEL PAIS, S.A. HONDURAS FIN 
13

Project Name Country Sector 

FINANCE 

E+CO, INC. HONDURAS POWER 

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

CASIA-SKS MICROFINANCE PRIVATE LTD. INDIA FIN 

CASIA-SPANDANA SPHOORTY FINANCIALS LTD INDIA FIN 

CMFI-ASA GRAMA VIDIYAL TRUST INDIA FIN 

CMFI-BHARTIYA SAMRUDDHI FINANCE LTD. INDIA FIN 

CMFI-FRIENDS OF WOMEN'S WORLD BANKING INDIA FIN 

CMFI-GRAMEEN FINANCIAL SERVICES PRIVATE LTD INDIA FIN 

CMFI-SKS MICROFINANCE PVT LTD INDIA FIN 

CMFI-SPANDANA SPHOORTY FINANCIAL LIMITED INDIA FIN 

REPCO HOME FINANCE LIMITED INDIA FIN 

CEMA ELECTRIC LIGHTING PRODUCTS INDIA PVT LT INDIA MFR 

WBC-PREFERRED BRANDS INTERNATIONAL, LLC INDIA MFR 

WBC-PREFERRED BRANDS INTERNATIONAL, LLC INDIA MFR 

AZURE POWER PUNJAB PRIVATE LIMITED INDIA POWER 

HUSK POWER SYSTEMS, INC. INDIA POWER 

PT. PADI MURNI INDONESIA INDONESIA MFR 

PT. TUCAN PUMPCO SERVICES INDONESIA INDONESIA OIL 

PAITON ENERGY COMPANY INDONESIA POWER 

PAITON ENERGY COMPANY INDONESIA POWER 

INTERNATIONAL DEVELOPMENT TRUST IRAQ IRAQ CONS 

SIGMA INTERNATIONAL CONSTRUCTION LLC. IRAQ CONS 

IRAQ MIDDLE MARKET DEVELOPMENT FOUNDATION IRAQ FIN 

IRAQ MIDDLE MARKET DEVELOPMENT FOUNDATION IRAQ FIN 

IRAQ MIDDLE MARKET DEVELOPMENT FOUNDATION IRAQ FIN 

IRAQ MIDDLE MARKET DEVELOPMENT FOUNDATION IRAQ FIN 

TRADE BANK OF IRAQ IRAQ FIN 

SUMMIT HOTELS LIMITED/SUMMIT GLOBAL GROUP IRAQ TOUR

EPISCOPAL CHURCH OF JERUSALEM & THE MIDDLE E ISRAEL CONS 

AMERICAN INTERNATIONAL SCHOOL OF KINGSTON JAMAICA SVC 

ARAB BANK PLC JORDAN FIN 

CAIRO AMMAN BANK JORDAN FIN 

CMFI-TAMWEELCOM JORDAN FIN 

HOUSING BANK FOR TRADE & FINANCE JORDAN FIN 

CAFR-MIDDLE EAST COMPLEX FOR ENGINEERING JORDAN MFR

AES JORDAN PSC JORDAN POWER 
14

Project Name Country Sector 

FINANCE 

DISI WATER PSC JORDAN SVC 

CHOUS2-JSC BANK CENTERCREDIT KAZAKHSTAN FIN 

CHOUS2-JSC HALYK SAVINGS BANK KAZAKHSTAN FIN 

CNIS-JSC HALYK BANK KAZAKHSTAN FIN 

NCB2 -BANK TURAN ALEM KAZAKHSTAN FIN 

NCB2 -BANK TURAN ALEM KAZAKHSTAN FIN 

NCB3-ALLIANCE BANK JSC KAZAKHSTAN FIN 

NCB3-ATF BANK JSC KAZAKHSTAN FIN 

NCB3-BANK CENTER CREDIT JSC KAZAKHSTAN FIN 

W2-ALLIANCE BANK KAZAKHSTAN FIN 

W2-JSC BANK TURAN ALEM KAZAKHSTAN FIN 

JOPA VILLAS, LLC KENYA CONS 

CMFI-FAULU KENYA KENYA FIN 

CMFI-K-REP BANK KENYA FIN 

CMFI-KENYA WOMEN FINANCE TRUST LTD ("KWFT") KENYA FIN 

CMFI-KENYA WOMEN FINANCE TRUST LTD ("KWFT2") KENYA FIN 

GEOSURVEY INTERNATIONAL LLC KENYA SVC 

LIVING WATER INTERNATIONAL KENYA SVC 

MAJESTIC GROUP KOREA, LTD. KOREA (SOUTH) SVC 

INTERNATIONAL VILLAGE SH.P.K. KOSOVO CONS 

WBC-FORESTRADE, INC LATIN AMERICA REGIONAL AGRI 

CSI LATINA FINANCIAL,INC/CSI LEASING DE CENT LATIN AMERICA REGIONAL FIN 

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

GLOBAL PARTNERSHIPS MICROFINANCE FUND2006LLC LATIN AMERICA REGIONAL FIN 

GLOBAL PARTNERSHIPS MICROFINANCE FUND2008LLC LATIN AMERICA REGIONAL FIN 

GLOBAL PARTNERSHIPS MICROFINANCE FUND2008LLC LATIN AMERICA REGIONAL FIN 

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

CHF/L-CREDIT LEBANAIS BANK LEBANON FIN 

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

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

CHF/L-LEBANESE CANADIAN BANK LEBANON FIN 

CLEB-BANKMED S.A.L. LEBANON FIN 

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

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

CLEB2-BANK AUDI SAL-AUDI SARADAR GROUP LEBANON FIN 

CLEB2A-BANK AUDI SAL-AUDI SARADAR GROUP LEBANON FIN
15

Project Name Country Sector

FINANCE 

CLEB2A-BYBLOS BANK SAL LEBANON FIN 

THE COOPERATIVE HOUSING FOUNDATION LEBANON LEBANON FIN 

SABLE-CELLCOM TELECOMMUNICATIONS INC LIBERIA COMM 

SABLE-CELLCOM TELECOMMUNICATIONS INC LIBERIA COMM 

RLJ LIBERIA, LLC LIBERIA CONS 

LIBERIAN ENTERPRISE DEVELOPMENT FINANCE CO. LIBERIA FIN 

BUCHANAN RENEWABLES FUEL INC. LIBERIA MFR 

BUCHANAN RENEWABLES (MONROVIA) POWER INC. LIBERIA POWER 

AMERICAN INTERNATIONAL SCHOOL OF MONROVIA IN LIBERIA SVC 

ADOBERIA SAHEL, S.A. MALI MFR 

AMERICAN INTERNATIONAL SCHOOL OF BAMAKO MALI SVC 

CASAMAR MAURITIUS, LTD./CASAMAR INDIAN OCEAN MAURITIUS MFR 

TB-ANDREW & WILLIAMSON FRESH PRODUCE MEXICO AGRI 

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

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

WBC-MONOLITHIC HOUSING S.A. MEXICO CONS 

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

CMFI-FUNDACION INTEGRAL COMUNITARIA (FINCA) MEXICO FIN 

CSI LATINA FINANCIAL, INC./CSI LEASING MEXIC MEXICO FIN 

PROMOTORA DE INFRAESTRUCTURA REGISTRAL, S.A. MEXICO FIN 

REFORMA BLN-BACKED I MEXICO FIN 

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

VEHICULOS LIQUIDOS FINANCIEROS SAPI DE C.V. MEXICO FIN 

WBC-DOCUFORMAS S.A.P.I. DE C.V. MEXICO FIN 

PREFABRICADOS Y MODULARES DE MONTERREY(PYMM) MEXICO MFR 

WBC-CORPORATIVO PAPELERO Y DE SUMINISTROS BA MEXICO MFR 

BRAVO ENERGY MEXICO SRL DE CV MEXICO OIL 

DEXTER SAFETY & INDUSTRIAL PRODUCTS, INC. MEXICO SVC 

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

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

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

BANCA DE FINANTE SI COMERT S.A. MOLDOVA FIN 

WBC-ICS PRIME CAPITAL SRL MOLDOVA FIN 

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

IKH TOKHOIROL XXK MONGOLIA MINE 

MONGOLIAN RESORTS XXK MONGOLIA TOUR 
16

Project Name Country Sector 

FINANCE 

GAMETRACKERS MANAGEMENT LTD (NYATI LODGE) MOZAMBIQUE TOUR 

MERCURY INVESTMENTS LIMITADA MOZAMBIQUE TOUR 

NAMGEM TRADING BVI LIMITED NAMIBIA MFR 

BANCO DE AMERICA CENTRAL, S.A. (TRANCHE A) NICARAGUA FIN 

BANCO DE AMERICA CENTRAL, S.A. (TRANCHE B) NICARAGUA FIN 

BANCO DE CREDITO CENTROAMERICANO, S.A. NICARAGUA FIN 

BANCO DE CREDITO CENTROAMERICANO, S.A. NICARAGUA FIN 

BANCO DE CREDITO CENTROAMERICANO, S.A. NICARAGUA FIN 

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

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

INSTITUTO CULINARIO SANTA LUCIA,S.A. NICARAGUA SVC 

NGL FUNDING LIMITED NIGERIA OIL 

AMERICAN INTERNATIONAL SCHOOL OF ABUJA NIGERIA SVC 

CAFR-AMERICAN INTERNATIONAL SCHOOL LAGOS NIGERIA SVC 

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

CPAK-PAKISTAN MOBILE COMMUNICATION(PMCL) PAKISTAN COMM 

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

CPAK2-KASHF FOUNDATION PAKISTAN FIN 

EMERGING MARKETS CONSULTING (PRIVATE) LTD. PAKISTAN FIN 

TAMEER MICROFINANCE BANK LIMITED PAKISTAN FIN 

CPAK2-ENGRO VOPAK TERMINAL LTD PAKISTAN MFR 

SWEETWATER PAKISTAN (PRIVATE) LIMITED PAKISTAN MFR 

AMERICAN INTERNATIONAL SCHOOL SYSTEMS, INC. PAKISTAN SVC 

CSA-DIGICEL PANAMA S.A. PANAMA COMM 

BAC INTERNATIONAL BANK,INC. (TRANCHE A) PANAMA FIN 

BAC INTERNATIONAL BANK,INC. (TRANCHE B) PANAMA FIN 

W3-CREDICORP BANK, S.A. PANAMA FIN 

DESARROLLO DE RIO PACORA SA PANAMA MFR 

DESARROLLO DE RIO PACORA SA PANAMA MFR 

GLOBAL DESIGN, S.A. PANAMA SVC 

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

CSA-BANCO REGIONAL, S.A. PARAGUAY FIN 

CSA-BBVA PARAGUAY S.A. PARAGUAY FIN 

CSA-INTERBANCO S.A. PARAGUAY FIN 

GLOBOKAS PERU, S.A.C. PERU FIN 

W3-BANCO FINANCIERO DEL PERU, S.A. PERU FIN 
17

Project Name Country Sector 

FINANCE 

W3-BANCO INTERAMERICANO DE FINANZAS, S.A. PERU FIN 

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

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

NORTH AMERICAN FLOAT PLANE SERVICE SAC PERU TRAN 

CMFI-CENTER FOR AGRICULTURE & RURAL DEVELOP PHILIPPINES FIN 

COUNTERPART INTERNATIONAL, INC. PHILIPPINES FIN 

GOLDEN CYPRESS WATER CO. LTD. PHILIPPINES MFR 

AMTECH SP.ZO.O POLAND CONS 

PALCO SP.ZO.O. POLAND MFR 

LODOM SP.ZO.O-FACILITY B POLAND TRAN 

CAPA FINANCE SA ROMANIA FIN 

CMFI-OPPORTUNITY MICROCREDIT ROMANIA ("OMRO" ROMANIA FIN 

EXPRESS FINANCE-INSTITUTIE FINANCIARA NEBAN ROMANIA FIN 

THE COOPERATIVE HOUSING FOUNDATION ROMANIA FIN 

THE COOPERATIVE HOUSING FOUNDATION ROMANIA FIN 

VERIDA CREDIT IFN S.A. ROMANIA FIN 

DMITROV DAIRY FARMS, CJSC RUSSIA AGRI 

ZAO STAR NETWORKS RUSSIA COMM 

ZAO STAR NETWORKS RUSSIA COMM 

CLOSED JOINT STOCK COMPANY DELTALEASING RUSSIA FIN 

CMFI-CJSC FORUS BANK RUSSIA FIN 

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

NCB-NBD BANK, JOINT-STOCK COMPANY RUSSIA FIN 

NCB-OJSC SIBACADEMBANK RUSSIA FIN 

NCB2-JSC PROMSVYAZBANK RUSSIA FIN 

NCB3-CENTER-INVEST BANK JSC RUSSIA FIN 

NCB3-LOCKO BANK RUSSIA FIN 

NCB3-ROSEUROBANK RUSSIA FIN 

NCB3-TRANSCAPITAL BANK JSC RUSSIA FIN 

RKU FRANCHISING LIMITED RUSSIA FIN 

W2-PROBUSINESSBANK RUSSIA FIN 

WBC-INDEPENDENT LEASING, LLC RUSSIA FIN 

WBC-NBD BANK RUSSIA FIN 

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

WBC-SOTSYALNIY GORODSKOY BANK (SOTSGORBANK) RUSSIA FIN 

WBC-ZAO DELTALEASING RUSSIA FIN 
18

Project Name Country Sector 

FINANCE 

ZAO COMMERCIAL BANK DELTACREDIT RUSSIA FIN 

ZAO EUROPLAN RUSSIA FIN 

ZAO EUROPLAN RUSSIA FIN 

NUMOTECH, INC. RUSSIA MFR 

V G ENTERPRISES, INC. RUSSIA MFR 

WBC-JSC POLIGRAF LAND RUSSIA MFR 

ZAO NUMOTECH-SPEKTR RUSSIA MFR 

ZAO SOLNTSE MEXICO RUSSIA MFR 

RPK-VYSOTSK "LUKOIL-II" RUSSIA OIL 

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

NEW YORK PIZZA CO. LTD. RUSSIA SVC 

PJ DEVELOPMENT LLC RUSSIA SVC 

SUBWAY RUSSIA, LLC RUSSIA SVC 

WBC-ZAO AIRES RUSSIA SVC 

WBC-ZAO AIRES RUSSIA SVC 

HERMITAGE HOSPITALITY FRANCHISING LIMITED RUSSIA TOUR 

SOUTH AFRICA FINANCING ENTERPRISE SOUTH AFRICA CONS

BLUE FINANCIAL SERVICES LIMITED SOUTH AFRICA FIN 

HOUSING FOR HIV, INC. SOUTH AFRICA FIN 

WBC-BLUE FINANCIAL SERVICES LIMITED SOUTH AFRICA FIN 

PURPLE RHINO IMPORTS, INC. SOUTH AFRICA MFR 

CASIA-LANKA ORIX LEASING COMPANY LTD. SRI LANKA FIN

CAFR-MIC TANZANIA LIMITED (TZS) TANZANIA COMM 

CAFR-MIC TANZANIA LIMITED (USD) TANZANIA COMM 

BRAC AFRICA MICROFINANCE, LTD. (CLASS A) TANZANIA FIN 

BRAC AFRICA MICROFINANCE, LTD. (CLASS B) TANZANIA FIN 

TANRUSS INVESTMENT LTD TANZANIA TOUR 

TANRUSS INVESTMENT LTD TANZANIA TOUR 

PACIFIC SUBSEA SAIPAN 2 THAILAND TRAN 

PACIFIC SUBSEA SAIPAN 3 THAILAND TRAN 

PACIFIC SUBSEA SAIPAN, INC. THAILAND TRAN 

CONTOURGLOBAL TOGO S.A. TOGO POWER 

RB-AMERICAN COOPERATIVE SCHOOL OF TUNIS TUNISIA SVC

NCB2 -OYAK BANK A.S. TURKEY FIN 

NCB2-ASYA KATILIM BANKASI A.S. TURKEY FIN 

NCB2-TURK EKONOMI BANKASI A.S. PURPOSE B TURKEY FIN
19

Project Name Country Sector 

FINANCE 

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

TURKIYE GARANTI BANKASI A.S. TURKEY FIN 

W-OYAK BANK TURKEY FIN 

W2-AKBANK T.A.S. TURKEY FIN 

W2-ANADOLUBANK TURKEY FIN 

W2-ASYA KATILIM BANKASI A.S. TURKEY FIN 

W2-FINANSBANK A.S. TURKEY FIN 

W2-OYAK BANK A.S. TURKEY FIN 

W2-TURK EKONOMI BANK TURKEY FIN 

W3-BANKPOZITIF KREDIT VE KALKINAM BANKASI TURKEY FIN 

W3-SEKERBANK A.S. TURKEY FIN 

W3-TURKIYE GARANTI BANKASI AS TURKEY FIN 

DT METAL GERI KAZANIM TEKNOLOJILERI SANAYI TURKEY MFR 

WBC-FERSAN FERMANTASYON URUN SAN. VE TIC.A.S TURKEY MFR 

WBC-DELTA PLASTIK ENDUSTRISI A.S. TURKEY MFR 

WBC-KAYNAK SULARI VE TURIZM A.S. TURKEY MFR 

WBC-INTERFARMA TIBBI MALZEMELER SANAYI VE TI TURKEY MFR 

WBC-SFC ENTEGRE ORMAN URUNLERI SANAYI VE TIC TURKEY MFR 

ADAPAZARI ELEKTRIK URETIM LTD. SIRKETI TURKEY POWER

DOGA ENERJI TURKEY POWER 

GEBZE ELEKTRIK URETIM LTD SIRKETI TURKEY POWER 

IZMIR ELEKTRIK URETIM LTD SIRKETI TURKEY POWER 

ISTANBUL INTERNATIONAL COMMUNITY SCHOOL (B) TURKEY SVC 

ISTANBUL INTERNATIONAL COMMUNITY SCHOOL,INC. TURKEY SVC 

M/N BUTLER MIMARLAR ARASTIRMA TASARI LTD. TURKEY TOUR 

SOM OTELCILIK VE TURIZM TICARET A.S. TURKEY TOUR 

SOM OTELCILIK VE TURIZM TICARET A.S. TURKEY TOUR 

CMFI-PRIDE UGANDA UGANDA FIN 

CMFI-UGANDA FINANCE TRUST UGANDA FIN 

MAPSWITCH UGANDA LTD UGANDA FIN 

INTERNATIONAL MORTGAGE BANK UKRAINE FIN 

PROCREDIT BANK UKRAINE FIN 

PROCREDIT BANK (TRANCHE 2) UKRAINE FIN 

WBC-ATLANTIC GROUP LIMITED UKRAINE SVC 

WINNER GROUP UKRAINE, INC. UKRAINE SVC 

O&S CONSULTING, L.L.C. UZBEKISTAN CONS 
20

Project Name Country Sector 

FINANCE 

MALIKA HOTEL BUKHARA, LLC UZBEKISTAN TOUR 

RAYMOND DE VENEZUELA, C.A. VENEZUELA MFR 

RAYMOND DE VENEZUELA, C.A. VENEZUELA MFR 

ACCROVEN SRL VENEZUELA OIL 

WILPRO ENERGY SERVICES (EL FURRIAL) LIMITED VENEZUELA OIL 

WILPRO ENERGY SERVICES (PIGAP II) LTD. VENEZUELA OIL 

AUSTRALIS AQUACULTURE LLC VIETNAM AGRI 

MEII-BANK OF PALESTINE (WATANIYA) WEST BANK COMM 

MEII-QUDS BANK (WATANIYA) WEST BANK COMM 

AMAL-BANK OF PALESTINE (BOP) MORTGAGE CORP I WEST BANK FIN 

AMAL-BANK OF PALESTINE MORTGAGE CORP II WEST BANK FIN 

AMAL-CAIRO AMMAN BANK (CAB)MORTGAGE CORP I WEST BANK FIN 

AMAL-CAIRO AMMAN BANK MORTGAGE CORP II WEST BANK FIN 

MEII-AL RAFAH BANK WEST BANK FIN 

MEII-AL-QUDS BANK FOR DEVELOPMENT & INVEST WEST BANK FIN 

MEII-BANK OF JORDAN WEST BANK FIN 

MEII-BANK OF PALESTINE WEST BANK FIN 

MEII-CAIRO AMMAN BANK WEST BANK FIN 

MEII-HOUSING BANK FOR TRADE AND FINANCE WEST BANK FIN 

MEII-JORDAN AHLI BANK WEST BANK FIN 

MEII-PALESTINE COMMERCIAL BANK WEST BANK FIN 

CASIA-DIGICEL (SAMOA) LIMITED WESTERN SAMOA COMM 

HFA ZAMBIA LIMITED ZAMBIA FIN 

AMERICAN EMBASSY SCHOOL OF LUSAKA ZAMBIA SVC 
21

Project Name Country Sector 

Insurance 

INTERNATIONAL FOUNDATION OF HOPE AFGHANISTAN AGRICULTURE 

INTERNATIONAL FOUNDATION OF HOPE AFGHANISTAN AGRICULTURE 

ARC CONSTRUCTION COMPANY, LLC AFGHANISTAN CONSTRUCTION 

ABI GROUP LTD. AFGHANISTAN MANUFACTURING 

AFGHANISTAN BEVERAGE INDUSTRIES (ABI GROUP, 

LIMITED) AFGHANISTAN MANUFACTURING 

AFGHANISTAN BEVERAGE INDUSTRIES (ABI GROUP, 

LIMITED) AFGHANISTAN MANUFACTURING 

AFGHANISTAN NATURAL BEVERAGES AFGHANISTAN MANUFACTURING 

NOT APPLICABLE AFGHANISTAN MANUFACTURING 

ASIA FOUNDATION AFGHANISTAN SERVICES 

ASIA FOUNDATION AFGHANISTAN SERVICES 

INTERNATIONAL RESCUE COMMITTEE, INC. AFGHANISTAN SERVICES 

INTERNATIONAL RESCUE COMMITTEE, INC. AFGHANISTAN SERVICES 

N/A AFGHANISTAN SERVICES 

RELIEF INTERNATIONAL BRANCH OFFICE AFGHANISTAN SERVICES 

RELIEF INTERNATIONAL BRANCH OFFICE AFGHANISTAN SERVICES 

RELIEF INTERNATIONAL BRANCH OFFICE AFGHANISTAN SERVICES 

KWABA - SOCIEDADE INDUSTRIAL E COMERCIAL, 

S.A.R.L. ANGOLA MANUFACTURING 

N/A ANGOLA SERVICES 

S&N PUMP AFRICA LDA ANGOLA SERVICES 

FINCA LA CRUZ ARGENTINA AGRICULTURE 

N/A ARMENIA SERVICES 

THE BAKU-TBILISI-CEYHAN PIPELINE COMPANY AZERBAIJAN 

ENERGY - OIL AND 

GAS 

CREDAGRO AZERBAIJAN 

FINANCIAL 

SERVICES 

INKISHAF UNCHUN MALIYYE ("FINDEV") AZERBAIJAN 

FINANCIAL 

SERVICES 

NORWEGIAN MICROCREDIT LLC ("NORMICRO") AZERBAIJAN 

FINANCIAL 

SERVICES 

INTERNATIONAL RESCUE COMMITTEE, INC. AZERBAIJAN SERVICES 

N/A AZERBAIJAN SERVICES 

RELIEF INTERNATIONAL BRANCH OFFICE AZERBAIJAN SERVICES 

RELIEF INTERNATIONAL BRANCH OFFICE AZERBAIJAN SERVICES 

RELIEF INTERNATIONAL BRANCH OFFICE AZERBAIJAN SERVICES 

N/A BANGLADESH SERVICES 

RELIEF INTERNATIONAL BRANCH OFFICE BANGLADESH SERVICES 

RELIEF INTERNATIONAL BRANCH OFFICE BANGLADESH SERVICES 

RELIEF INTERNATIONAL BRANCH OFFICE BANGLADESH SERVICES 
22

Project Name Country Sector 

Insurance 

THE ASIA FOUNDATION BANGLADESH SERVICES 

THE ASIA FOUNDATION BANGLADESH SERVICES 

WEST AFRICAN GAS PIPELINE COMPANY LIMITED BENIN 

ENERGY - OIL AND 

GAS 

AXS BOLIVIA S.A. BOLIVIA COMMUNICATION 

FUNDACIÓN BOLIVIANA PARA EL DESARROLLO DE LA 

MUJER BOLIVIA 

FINANCIAL 

SERVICES 

FUNDACIÓN BOLIVIANA PARA EL DESARROLLO DE LA 

MUJER BOLIVIA 

FINANCIAL 

SERVICES 

EMPRESA MINERA MANQUIRI S.A. BOLIVIA MINING 

MIKROKREDITNA ORGANIZACIJA MI-BOSPO BOSNIA-HERZEGOVINA 

FINANCIAL 

SERVICES 

INTERNATIONAL RESCUE COMMITTEE, INC. BOSNIA-HERZEGOVINA SERVICES 

N/A BOSNIA-HERZEGOVINA SERVICES 

BRASIL TELECOM, S.A. BRAZIL COMMUNICATION 

RURALFONE DO BRASIL, LTDA. BRAZIL COMMUNICATION 

RURALFONE DO BRASIL, LTDA. BRAZIL COMMUNICATION 

RURALFONE DO BRASIL, LTDA. BRAZIL COMMUNICATION 

RURALFONE DO BRASIL, LTDA. BRAZIL COMMUNICATION 

RURALFONE DO BRASIL, LTDA. BRAZIL COMMUNICATION 

RURALFONE DO BRASIL, LTDA. BRAZIL COMMUNICATION 

BANCO PINE BRAZIL 

FINANCIAL 

SERVICES 

ACAI DO AMAPA AGROINDUSTRIAL LTDA. BRAZIL MANUFACTURING 

INTERNATIONAL RESCUE COMMITTEE BURUNDI SERVICES 

THE ASIA FOUNDATION CAMBODIA SERVICES 

THE ASIA FOUNDATION CAMBODIA SERVICES 

NATURA BEVERAGE SARL CAMEROON MANUFACTURING 

INTERNATIONAL RESCUE COMMITTEE, INC. BRANCH 

OFFICES 

CENTRAL AFRICAN 

REPUBLIC SERVICES 

TERMOVALLE S.C.A. .E.S.P. COLOMBIA ENERGY - POWER 

TERMOVALLE S.C.A. E.S.P. COLOMBIA ENERGY - POWER 

SECTOR RESOURCES, LTD. BRANCH COLOMBIA MINING 

SECTOR RESOURCES, LTD. BRANCH COLOMBIA MINING 

INTERNATIONAL RESCUE COMMITTEE COLOMBIA SERVICES 

MINOTERIE DU CONGO, S.A. CONGO MANUFACTURING 

MINOTERIE DU CONGO, S.A. CONGO MANUFACTURING 

INTERNATIONAL RESCUE COMMITTEE, INC. CONGO SERVICES 

INTERNATIONAL RESCUE COMMITTEE, INC. BRANCH 

OFFICES CONGO SERVICES 
23

Project Name Country Sector 

Insurance 

MINOTERIE DE MATADI, S.A.R.L. 

CONGO, DEM. REPUBLIC 

OF MANUFACTURING 

MINOTERIE DE MATADI, S.A.R.L. 

CONGO, DEM. REPUBLIC 

OF MANUFACTURING 

MINOTERIE DE MATADI, S.A.R.L. 

CONGO, DEM. REPUBLIC 

OF MANUFACTURING 

INTERNATIONAL RESCUE COMMITTEE, INC. BRANCH 

OFFICES 

CONGO, DEM. REPUBLIC 

OF SERVICES 

COLITE COSTA RICA, S.A. COSTA RICA SERVICES 

FOXTROT INTERNATIONAL LDC COTE DIVOIRE 

ENERGY - OIL AND 

GAS 

FOXTROT INTERNATIONAL LDC COTE DIVOIRE 

ENERGY - OIL AND 

GAS 

PROFICIO D.D. CROATIA 

FINANCIAL 

SERVICES 

DOMINICA ELECTRICITY SERVICES LTD. ("DOMLEC") DOMINICA ENERGY - POWER 

THE ASIA FOUNDATION EAST TIMOR SERVICES 

THE ASIA FOUNDATION EAST TIMOR SERVICES 

D-MIRO, MISIÓN ALIANZA-ECUADOR, VÍA PERIMETRAL, 

ISLA ECUADOR 

FINANCIAL 

SERVICES 

D-MIRO, MISIÓN ALIANZA-ECUADOR, VÍA PERIMETRAL, 

ISLA ECUADOR 

FINANCIAL 

SERVICES 

D-MIRO, MISIÓN ALIANZA-ECUADOR, VÍA PERIMETRAL, 

ISLA ECUADOR 

FINANCIAL 

SERVICES 

D-MIRO, MISIÓN ALIANZA-ECUADOR, VÍA PERIMETRAL, 

ISLA ECUADOR 

FINANCIAL 

SERVICES 

D-MIRO, MISIÓN ALIANZA-ECUADOR, VÍA PERIMETRAL, 

ISLA ECUADOR 

FINANCIAL 

SERVICES 

CORPORACION QUIPORT S.A. ECUADOR TRANSPORTATION 

CORPORACION QUIPORT S.A. ECUADOR TRANSPORTATION 

N/A EGYPT 

ENERGY - OIL AND 

GAS 

VARIOUS APACHE EGYPT CONCESSION SUBSIDIARIES EGYPT 

ENERGY - OIL AND 

GAS 

COLITE EL SALVADOR S.A., C/O RUSCONI - EL SALVADOR SERVICES 

INTERNATIONAL RESCUE COMMITTEE - ERITREA ERITREA SERVICES 

INTERNATIONAL RESCUE COMMITTEE - BRANCH 

OFFICES ETHIOPIA SERVICES 

N/A ETHIOPIA SERVICES 

AMERICAN DREAM HOME, S.C.I. GABON CONSTRUCTION 

JSC TBC BANK GEORGIA 

FINANCIAL 

SERVICES 

N/A GEORGIA SERVICES 

WEST AFRICAN GAS PIPELINE COMPANY LIMITED GHANA 

ENERGY - OIL AND 

GAS 
24

Project Name Country Sector

Insurance

GHANA HOME LOANS (FUND I) LIMITED GHANA 

FINANCIAL 

SERVICES 

SINAPI ABA TRUST GHANA 

FINANCIAL 

SERVICES 

INTERNATIONAL COMMUNITY SCHOOL, LIMITED GHANA SERVICES 

N/A GHANA SERVICES 

GRENADA ELECTRICITY SERVICES LIMITED GRENADA ENERGY - POWER 

COLITE GUATEMALA, S.A. GUATEMALA SERVICES 

INTERNATIONAL RESCUE COMMITTEE, INC. - GUINEA GUINEA SERVICES 

LES MOULINS D'HAITI S.E.M. (LMH) HAITI MANUFACTURING 

LES MOULINS D'HAITI S.E.M. (LMH) HAITI MANUFACTURING 

N/A HAITI SERVICES 

COLITE HONDURAS, S.A. HONDURAS SERVICES 

SEP ENERGY INDIA PVT. LTD. INDIA ENERGY - POWER 

SEP ENERGY INDIA PVT. LTD. INDIA ENERGY - POWER 

PT TUCAN PUMPCO SERVICES INDONESIA INDONESIA 

ENERGY - OIL AND 

GAS 

INTERNATIONAL RESCUE COMMITTEE - JAKARTA INDONESIA SERVICES 

JL. ADITYAWARMAN INDONESIA SERVICES 

JL. ADITYAWARMAN INDONESIA SERVICES 

RELIEF INTERNATIONAL BRANCH OFFICE INDONESIA SERVICES 

RELIEF INTERNATIONAL BRANCH OFFICE INDONESIA SERVICES 

RELIEF INTERNATIONAL BRANCH OFFICE INDONESIA SERVICES 

KHUDAIRI TRADING COMPANY LTD. IRAQ SERVICES 

DAR ES SALAAM INSURANCE COMPANY IRAQ TOURISM/HOTELS 

DISI WATER PSC JORDAN SERVICES 

N/A JORDAN SERVICES 

RELIEF INTERNATIONAL BRANCH OFFICES JORDAN SERVICES 

RELIEF INTERNATIONAL BRANCH OFFICES JORDAN SERVICES 

RELIEF INTERNATIONAL BRANCH OFFICES JORDAN SERVICES 

THE INTERNATIONAL RESCUE COMMITTEE JORDAN SERVICES 

N/A KAZAKHSTAN SERVICES 

INTERNATIONAL RESCUE COMMITTEE - KENYA KENYA SERVICES 

N/A KENYA SERVICES 

GENWORTH MORTGAGE INSURANCE CORP, KOREA KOREA (SOUTH) 

FINANCIAL 

SERVICES 

THE ASIA FOUNDATION KOREA (SOUTH) SERVICES 

THE ASIA FOUNDATION KOREA (SOUTH) SERVICES 
25

Project Name Country Sector 

Insurance 

EQUATE PETROCHEMICAL COMPANY K.S.C. (CLOSED) KUWAIT MANUFACTURING 

KOMPANION FINANCIAL GROUP MICRO CREDIT LIMITED 

LIABILITY CO. 

KYRGYZ 

REPUBLIC 

FINANCIAL 

SERVICES 

KOMPANION FINANCIAL GROUP MICRO CREDIT LIMITED 

LIABILITY CO. 

KYRGYZ 

REPUBLIC 

FINANCIAL 

SERVICES 

JOINT VENTURE ITALKYR CJSC 

KYRGYZ 

REPUBLIC TOURISM/HOTELS 

JOINT VENTURE ITALKYR CJSC 

KYRGYZ 

REPUBLIC TOURISM/HOTELS 

JOINT VENTURE ITALKYR CJSC 

KYRGYZ 

REPUBLIC TOURISM/HOTELS 

BANK AUDI SAL-AUDI SARADAR GROUP LEBANON 

FINANCIAL 

SERVICES 

AMERICAN UNIVERSITY OF BEIRUT LEBANON SERVICES 

N/A LEBANON SERVICES 

N/A LEBANON SERVICES 

RELIEF INTERNATIONAL BRANCH OFFICES LEBANON SERVICES 

RELIEF INTERNATIONAL BRANCH OFFICES LEBANON SERVICES 

RELIEF INTERNATIONAL BRANCH OFFICES LEBANON SERVICES 

LESOTHO FLOUR MILLS LIMITED LESOTHO MANUFACTURING 

NATIONWIDE GROUP OF COMPANIES, INC. LIBERIA MANUFACTURING 

INTERNATIONAL RESCUE COMMITTEE LIBERIA SERVICES 

KWAPLAH INTERNATIONAL (LIBERIA), INC. LIBERIA SERVICES 

KWAPLAH INTERNATIONAL (LIBERIA), INC. LIBERIA SERVICES 

RLJ LIBERIA LLC LIBERIA TOURISM/HOTELS 

WADE RAIN DE MEXICO, S. DE R.L. DE C.V. MEXICO SERVICES 

N/A MOLDOVA SERVICES 

THE ASIA FOUNDATION MONGOLIA SERVICES 

THE ASIA FOUNDATION MONGOLIA SERVICES 

N/A MOROCCO SERVICES 

N/A MOZAMBIQUE SERVICES 

INTERNATIONAL RESCUE COMMITTEE NEPAL SERVICES 

THE ASIA FOUNDATION NEPAL SERVICES 

THE ASIA FOUNDATION NEPAL SERVICES 

SOUTHERN COASTAL PROPERTIES NICARAGUA, S.A., C/O 

FERNANDO NICARAGUA CONSTRUCTION 

MKJ EXPLORACIONES INTERNACIONALES, S.A. NICARAGUA 

ENERGY - OIL AND 

GAS 

MKJ EXPLORACIONES INTERNACIONALES, S.A. NICARAGUA 

ENERGY - OIL AND 

GAS 

MKJ EXPLORACIONES INTERNACIONALES, S.A. NICARAGUA 

ENERGY - OIL AND 

GAS 
26

Project Name Country Sector 

Insurance 

MKJ EXPLORACIONES INTERNACIONALES, S.A. NICARAGUA 

ENERGY - OIL AND 

GAS 

MKJ EXPLORACIONES INTERNACIONALES, S.A. NICARAGUA 

ENERGY - OIL AND 

GAS 

N/A NICARAGUA 

ENERGY - OIL AND 

GAS 

N/A NICARAGUA 

ENERGY - OIL AND 

GAS 

N/A NICARAGUA 

ENERGY - OIL AND 

GAS 

N/A NICARAGUA 

ENERGY - OIL AND 

GAS 

N/A NICARAGUA 

ENERGY - OIL AND 

GAS 

BANCO DE CREDITO CENTROAMERICANO, S.A. NICARAGUA 

FINANCIAL 

SERVICES 

FONDO NICARAGUENSE PARA EL DESARROLLO COMUNITARIO NICARAGUA 

FINANCIAL 

SERVICES 

COLITE NICARAGUA S.A. NICARAGUA SERVICES 

N/A NICARAGUA SERVICES 

AES NIGERIA BARGE LIMITED NIGERIA ENERGY - POWER 

CONTOURGLOBAL SOLUTIONS (NIGERIA) LTD. NIGERIA ENERGY - POWER 

CONTOURGLOBAL SOLUTIONS (NIGERIA) LTD. NIGERIA ENERGY - POWER 

COCA-COLA NIGERIA LIMITED NIGERIA MANUFACTURING 

AMERICAN INTERNATIONAL SCHOOL OF ABUJA NIGERIA SERVICES 

AMERICAN INTERNATIONAL SCHOOL OF ABUJA NIGERIA SERVICES 

N/A NIGERIA SERVICES 

HABIBULLAH COASTAL POWER (PRIVATE) COMPANY PAKISTAN ENERGY - POWER 

PAKISTAN WATER AND POWER DEVELOPMENT AUTHORITY 

("WAPDA") PAKISTAN MANUFACTURING 

PAKISTAN WATER AND POWER DEVELOPMENT AUTHORITY 

("WAPDA") PAKISTAN MANUFACTURING 

DIRECTORATE GENERAL PROCUREMENT PAKISTAN SERVICES 

INTERNATIONAL RESCUE COMMITTEE - PAKISTAN PAKISTAN SERVICES 

RELIEF INTERNATIONAL BRANCH OFFICE PAKISTAN SERVICES 

RELIEF INTERNATIONAL BRANCH OFFICE PAKISTAN SERVICES 

RELIEF INTERNATIONAL BRANCH OFFICE PAKISTAN SERVICES 

SWEETWATER PAKISTAN (PRIVATE) LTD. PAKISTAN SERVICES 

THE ASIA FOUNDATION PAKISTAN SERVICES 

THE ASIA FOUNDATION PAKISTAN SERVICES 
27

Project Name Country Sector 

Insurance 

COLITE PANAMA, S.A. PANAMA SERVICES 

N/A PARAGUAY SERVICES 

FINANCIERA TFC, S.A. PERU 

FINANCIAL 

SERVICES 

GLOBOKAS PERU S.A.C. PERU MANUFACTURING 

GLOBOKAS PERU S.A.C. PERU MANUFACTURING 

N/A PERU SERVICES 

TOTAL ARTEFACTOS S.A. PERU SERVICES 

CE CASECNAN WATER AND ENERGY COMPANY, INC. PHILIPPINES ENERGY - POWER 

CE CASECNAN WATER AND ENERGY COMPANY, INC. PHILIPPINES ENERGY - POWER 

NATIONAL POWER CORPORATION ("NAPOCOR") PHILIPPINES ENERGY - POWER 

MIDAMERICAN ENERGY HOLDINGS CO PHILIPPINES ENERGY - POWER 

SEEDFINANCE CORPORATION PHILIPPINES 

FINANCIAL 

SERVICES 

N/A PHILIPPINES SERVICES 

THE ASIA FOUNDATION PHILIPPINES SERVICES 

THE ASIA FOUNDATION PHILIPPINES SERVICES 

ASIA FOUNDATION RISK SERVICES 

INTERNATIONAL RESCUE COMMITTEE RISK SERVICES 

S.C. EMPIRE TOWER S.R.L. ROMANIA CONSTRUCTION 

OPEN JOINT STOCK COMPANY TERMINAL RUSSIA CONSTRUCTION 

OOO MORGAN STANLEY BANK RUSSIA 

FINANCIAL 

SERVICES 

INSTRUM-RAND RUSSIA MANUFACTURING 

INSTRUM-RAND RUSSIA MANUFACTURING 

ZAO "ISP OPTICS, SAINT-PETERSBURG" RUSSIA MANUFACTURING 

INTERNATIONAL RESCUE COMMITTEE, INC. RUSSIA SERVICES 

MINISTRY OF HEALTH OF SAMARA OBLAST RUSSIA SERVICES 

SAMARA OBLAST RUSSIA SERVICES 

SORWATHE S.A.R.L. RWANDA MANUFACTURING 

INTERNATIONAL RESCUE COMMITTEE, INC. RWANDA SERVICES 

MINISTRY OF INTERIOR AFFAIRS OF THE REPUBLIC OF SERBIA SERBIA COMMUNICATION 

INTERNATIONAL RESCUE COMMITTEE, INC. - BRANCH OFFICES SIERRA LEONE SERVICES 

RELIEF INTERNATIONAL BRANCH OFFICE SOMALIA SERVICES 

RELIEF INTERNATIONAL BRANCH OFFICE SOMALIA SERVICES 

RELIEF INTERNATIONAL BRANCH OFFICE SOMALIA SERVICES 
28

Project Name Country Sector 

Insurance 

GRANTON SAFARIS CC SOUTH AFRICA AGRICULTURE 

N/A SOUTH AFRICA SERVICES 

MATH HYDRO POWER (PVT) LIMITED SRI LANKA ENERGY - POWER 

RELIEF INTERNATIONAL BRANCH OFFICES SRI LANKA SERVICES 

RELIEF INTERNATIONAL BRANCH OFFICES SRI LANKA SERVICES 

RELIEF INTERNATIONAL BRANCH OFFICES SRI LANKA SERVICES 

THE ASIA FOUNDATION SRI LANKA SERVICES 

THE ASIA FOUNDATION SRI LANKA SERVICES 

RELIEF INTERNATIONAL BRANCH OFFICE TAJIKISTAN SERVICES 

RELIEF INTERNATIONAL BRANCH OFFICE TAJIKISTAN SERVICES 

RELIEF INTERNATIONAL BRANCH OFFICE TAJIKISTAN SERVICES 

ENTERPRISE HOMES TANZANIA LIMITED, CARE OF 

ISHENGOMA, MASHA TANZANIA CONSTRUCTION 

ENTERPRISE HOMES TANZANIA LIMITED, CARE OF 

ISHENGOMA, MASHA TANZANIA CONSTRUCTION 

MUTUAL VENTURES LIMITED TANZANIA CONSTRUCTION 

INTERNATIONAL RESCUE COMMITTEE, INC. BRANCH OFFICES TANZANIA SERVICES 

N/A TANZANIA SERVICES 

IRC BRANCH OFFICE THAILAND SERVICES 

THE ASIA FOUNDATION BRANCH OFFICES THAILAND SERVICES 

THE ASIA FOUNDATION BRANCH OFFICES THAILAND SERVICES 

WEST AFRICAN GAS PIPELINE COMPANY LIMITED TOGO 

ENERGY - OIL AND 

GAS 

CONTOURGLOBAL TOGO S.A. TOGO ENERGY - POWER 

AMERICAN COOPERATIVE SCHOOL OF TUNIS (ACST) 

ASSOCIATION TUNISIA SERVICES 

THE AMERICAN COOPERATIVE SCHOOL OF TUNISIA TUNISIA SERVICES 

THE AMERICAN COOPERATIVE SCHOOL OF TUNISIA TUNISIA SERVICES 

GENERAL DIRECTORATE OF HIGHWAYS TURKEY CONSTRUCTION 

DOGA ENERJI URETIM SANAYI VE TICARET L.S. TURKEY ENERGY - POWER 

ASYA KATILIM BANKASI A.S. TURKEY 

FINANCIAL 

SERVICES 

M/N BUTLER MIMARLAR ARASTIRMA TASARI VE YAPI LTD. STI. TURKEY TOURISM/HOTELS 

M/N BUTLER MIMARLAR ARASTIRMA TASARI VE YAPI LTD. STI. TURKEY TOURISM/HOTELS 

M/N BUTLER MIMARLAR ARASTIRMA TASARI VE YAPI LTD. STI. TURKEY TOURISM/HOTELS 
29

Project Name Country Sector 

Insurance 

CAICOS TELEVISION HOLDINGS LTD. TURKEY & 

CAICOS 

ISLANDS 

COMMUNICATION 

INTERNATIONAL RESCUE COMMITTEE, INC. - BRANCH OFFICES UGANDA SERVICES 

A. STUCKI - RAIL UKRAINE MANUFACTURING 

A. STUCKI - RAIL UKRAINE MANUFACTURING 

A. STUCKI RAIL UKRAINE MANUFACTURING 

A. STUCKI RAIL UKRAINE MANUFACTURING 

N/A UKRAINE SERVICES 

UNIVERSAL STAR CO. UKRAINE SERVICES 

EL SALADERO, UY SRL URUGUAY AGRICULTURE 

TASHKENT INTERNATIONAL SCHOOL UZBEKISTAN SERVICES 

KHIVA MALIKASI, LLC UZBEKISTAN TOURISM/HOTELS 

KHIVA MALIKASI, LLC UZBEKISTAN TOURISM/HOTELS 

MALIKA BARIKHASI, LLC/MALIKA HOTEL BUKHARA UZBEKISTAN TOURISM/HOTELS 

CONSOLIDADA DE FERRYS C.A. (CONFERRY) VENEZUELA TRANSPORTATION 

CONSOLIDADA DE FERRYS C.A. (CONFERRY) VENEZUELA TRANSPORTATION 

CONSOLIDADA DE FERRYS, C. A. (CONFERRY) VENEZUELA TRANSPORTATION 

VIETNAMNET MEDIA JOINT STOCK COMPANY VIETNAM COMMUNICATION 

KIDWELL INTERNATIONAL POWER VIETNAM COMPANY LIMITED VIETNAM ENERGY - POWER 

N/A VIETNAM SERVICES 

GAZA POWER GENERATING PRIVATE LIMITED COMPANY 

WEST BANK & 

GAZA ENERGY - POWER 

GAZA POWER GENERATING PRIVATE LIMITED COMPANY 

WEST BANK & 

GAZA ENERGY - POWER 

N/A 

WEST BANK & 

GAZA SERVICES 

RELIEF INTERNATIONAL HEBRON CENTER OF EXCELLENCE 

WEST BANK & 

GAZA SERVICES 

RELIEF INTERNATIONAL HEBRON CENTER OF EXCELLENCE 

WEST BANK & 

GAZA SERVICES 

RELIEF INTERNATIONAL HEBRON CENTER OF EXCELLENCE 

WEST BANK & 

GAZA SERVICES 

NATIONAL MILLING COMPANY LIMITED ZAMBIA MANUFACTURING 

HILL ESTATES LIMITED, P.O. BOX 31617 ZAMBIA SERVICES 

HILL ESTATES LIMITED, P.O. BOX 31617 ZAMBIA SERVICES 

N/A ZAMBIA SERVICES 

MERODENT ZIMBABWE (PVT.) LTD. ZIMBABWE MANUFACTURING 
30

Project Name Country Sector 

Insurance 

MERODENT ZIMBABWE (PVT.) LTD. ZIMBABWE MANUFACTURING 

MERODENT ZIMBABWE (PVT.) LTD. ZIMBABWE MANUFACTURING 

MERODENT ZIMBABWE (PVT.) LTD. ZIMBABWE MANUFACTURING 
31

Project Name Country Sector 

FUNDS 

ACF INVESTMENTS B, LTD LATIN AMERICA REGIONAL FIN 

ACF INVESTMENTS, LTD LATIN AMERICA REGIONAL FIN 

ACF INVESTORS, LTD. LATIN AMERICA REGIONAL FIN 

ACTIS SOUTH ASIA FUND 2, L.P. ASIA REGIONAL FIN 

AFRICA TELECOM, MEDIA & TECHNOLOGY FUND LLC AFRICA REGIONAL FIN 

ALSIS LATIN AMERICA FUND, L.P. LATIN AMERICA REGIONAL FIN 

AQUA PARTNERS LP ALL OPIC COUNTRIES FIN 

ASIA DEVELOPMENT PARTNERS II, L.P. ASIA REGIONAL FIN 

ASIA DEVELOPMENT PARTNERS, L.P. ASIA REGIONAL FIN 

BANCROFT EASTERN EUROPE FUND LP EUROPE REGIONAL FIN

CAPITAL ALLIANCE PROPERTY INVESTMENT CO., LP NIGERIA FIN 

CLEARWATER CAPITAL PARTNERS INVESTMENTSII LP ASIA REGIONAL FIN 

DARBY LATIN AMERICAN HOLDINGS, L.P. LATIN AMERICA REGIONAL FIN 

DARBY PROBANCO II FUND LATIN AMERICA REGIONAL FIN 

DRAPER INTERNATIONAL INDIA FUND INDIA FIN 

ECP AFRICA FIII INVESTMENT LLC AFRICA REGIONAL FIN 

ECP AFRICA FUND II INVESTMENTS LLC AFRICA REGIONAL FIN 

ECP MENA GROWTH INVESTMENTS, LLC MIDDLE EAST REGIONAL FIN 

ETHOS PRIVATE EQUITY FUND V AFRICA REGIONAL FIN 

EUROMENA FUND II, L.P. MIDDLE EAST REGIONAL FIN 

FONDO ALSIS MEXICO DE VIVIENDA DE INTERES SO LATIN AMERICA REGIONAL FIN 

FOURSAN CAPITAL PARTNERS I JORDAN FIN 

GLOBAL ENVIRONMENT EMERGING MARKET FUND ALL OPIC COUNTRIES FIN 

GLOBAL ENVIRONMENT EMERGING MARKETS FUND, II ALL OPIC COUNTRIES FIN 

GREYLOCK AFRICA OPPORTUNITY FUND I AFRICA REGIONAL FIN 

HELIOS SUB-SAHARAN AFRICA FUND I, L.P. AFRICA REGIONAL FIN 

INDIA PRIVATE EQUITY FUND INDIA FIN 

ISRAEL GROWTH FUND ISRAEL FIN 

LATIN POWER TRUST III, L.P. LATIN AMERICA REGIONAL FIN 

MILLENNIUM GLOBAL AFRICA OPPORTUNITIES FUND AFRICA REGIONAL FIN 

MODERN AFRICA GROWTH AND INVESTMENT COMPANY AFRICA REGIONAL FIN 

MODERN AFRICA GROWTH AND INVESTMENT FUND 2 AFRICA REGIONAL FIN 

NEW CENTURY CAPITAL PARTNERS, L.P. NIS REGIONAL FIN

NEW CENTURY CAPITAL PARTNERS, L.P. EUROPE REGIONAL FIN 

PALADIN REALTY EURASIA INVESTORS, L.P. TURKEY FIN 

PALADIN REALTY LATIN AMERICA INVESTORS II,LP LATIN AMERICA REGIONAL FIN 

PALADIN REALTY LATIN AMERICA INVESTORS III LATIN AMERICA REGIONAL FIN 
32

RUSSIA PARTNERS COMPANY, L.P. NIS REGIONAL FIN 

RUSSIA PARTNERS COMPANY, L.P. NIS REGIONAL FIN 

RUSSIA PARTNERS II "O" SERIES, L.P. NIS REGIONAL FIN 

SAWHF PVE (SA) SOUTH AFRICA FIN 

SOUTH AMERICA PRIVATE EQUITY GROWTH FUND, LP LATIN AMERICA REGIONAL FIN 

SOUTHEAST EUROPE EQUITY FUND II, L.P. EUROPE REGIONAL FIN 

THE GREAT CIRCLE FUND L.P. (MISF) ALL OPIC COUNTRIES FIN 

VIRGIN GREEN FUND GLOBAL I, L.P. ALL OPIC COUNTRIES FIN 
33

TABLE A-2: INITIAL SHORT LIST

Project Name Country Sector 

FINANCE- New Project 2008 

PACIFIC COLLECTION COMPANY/TRIBAL LOOM AFGHANISTAN MFR 

SUSTAINABLE ENERGY SERVICES AFGHANISTAN AFGHANISTAN POWER 

TIVANNAH GLOBAL LDA ANGOLA MFR 

JSC IBERIA REAL ESTATE GEORGIA CONS 

SLID INDUSTRIES, LTD. GHANA MFR 

CEMA ELECTRIC LIGHTING PRODUCTS INDIA PVT LT INDIA MFR 

AZURE POWER PUNJAB PRIVATE LIMITED INDIA POWER 

HUSK POWER SYSTEMS, INC. INDIA POWER 

EPISCOPAL CHURCH OF JERUSALEM & THE MIDDLE E ISRAEL CONS 

RLJ LIBERIA, LLC LIBERIA CONS 

BUCHANAN RENEWABLES FUEL INC. LIBERIA MFR 

BUCHANAN RENEWABLES (MONROVIA) POWER INC. LIBERIA POWER 

IKH TOKHOIROL XXK MONGOLIA MINE 

AMTECH SP.ZO.O POLAND CONS 

DT METAL GERI KAZANIM TEKNOLOJILERI SANAYI TURKEY MFR 

WBC-FERSAN FERMANTASYON URUN SAN. VE TIC.A.S TURKEY MFR 

WBC-KAYNAK SULARI VE TURIZM A.S. TURKEY MFR 

O&S CONSULTING, L.L.C. UZBEKISTAN CONS 

FINANCE- Included in 2007 Inventory 

NEPC CONSORTIUM POWER LTD.(HARIPUR) BANGLADESH POWER 

PAITON ENERGY COMPANY INDONESIA POWER 

AES JORDAN PSC JORDAN POWER 

NGL FUNDING LIMITED NIGERIA OIL 

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

ADAPAZARI ELEKTRIK URETIM LTD. SIRKETI TURKEY POWER

DOGA ENERJI TURKEY POWER 

GEBZE ELEKTRIK URETIM LTD SIRKETI TURKEY POWER 

IZMIR ELEKTRIK URETIM LTD SIRKETI TURKEY POWER 

ACCROVEN SRL VENEZUELA OIL 

WILPRO ENERGY SERVICES (EL FURRIAL) LIMITED VENEZUELA OIL 

WILPRO ENERGY SERVICES (PIGAP II) LTD. VENEZUELA OIL 
34

Project Name Country Sector 

Insurance- New Project 2008 

AMERICAN DREAM HOME, S.C.I. GABON CONSTRUCTION 

CONTOURGLOBAL SOLUTIONS (NIGERIA) LTD. NIGERIA ENERGY - POWER 

GLOBOKAS PERU S.A.C. PERU MANUFACTURING 

Insurance- Included in 2007 Inventory 

THE BAKU-TBILISI-CEYHAN PIPELINE COMPANY AZERBAIJAN 

ENERGY - OIL AND 

GAS 

FOXTROT INTERNATIONAL LDC COTE DIVOIRE 

ENERGY - OIL AND 

GAS 

VARIOUS APACHE EGYPT CONCESSION SUBSIDIARIES EGYPT 

ENERGY - OIL AND 

GAS 

WEST AFRICAN GAS PIPELINE COMPANY LIMITED GHANA 

ENERGY - OIL AND 

GAS 

GRENADA ELECTRICITY SERVICES LIMITED GRENADA ENERGY - POWER 

EQUATE PETROCHEMICAL COMPANY K.S.C. (CLOSED) KUWAIT MANUFACTURING 

AES NIGERIA BARGE LIMITED NIGERIA ENERGY - POWER 

HABIBULLAH COASTAL POWER (PRIVATE) COMPANY PAKISTAN ENERGY - POWER 

PAKISTAN WATER AND POWER DEVELOPMENT AUTHORITY 

("WAPDA") PAKISTAN MANUFACTURING 

DOGA ENERJI URETIM SANAYI VE TICARET L.S. TURKEY ENERGY - POWER 

GAZA POWER GENERATING PRIVATE LIMITED COMPANY WEST BANK & GAZA ENERGY - POWER 

Funds- Included in 2007 Inventory 

LATIN POWER TRUST III, L.P. LATIN AMERICA REGIONAL FIN 
35

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 2008 GHG Inventory. If 

sponsor feedback was submitted, the 2008 operational emissions estimate was also included. 

TIER A PROJECTS – BASED ON SPONSOR PROVIDED THROUGHPUT

AES Nigeria Barge (A1) 

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 
36

2008 Operational Estimate Based On Sponsor Feedback

AES Nigeria Barge’s 2008 operational emissions of 1,341,157 short tons CO2 was calculated 

using the following information. 

Data Value Source

Fuel Type Natural Gas Project Description 

Capacity 270 MW Project Description 

Consumption 66.92 Mcf/day Project Sponsor 

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

Consumption based emissions = 1,341,157 short tons CO2 per year 

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

 day yr scf MMBtu kg 

AES Jordan (A3) 

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 

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. 

2008 Operational Estimate Based On Sponsor Feedback

AES Jordan’s emissions estimate for 2008 of 590,940 short tons CO2 was calculated using the 

following information. 
37

Data Value Source

Fuel Type Natural Gas Project Sponsor 

Net Energy Generated 10,103,603 MMBtu Project Sponsor 

Emission Factor 53.06 kg CO2/MMBtu TCR, Table 12.1 

Capacity based maximum potential to emit = 590,940 short tons CO2 per year 

10,103,603 MMBtu * 53.06 kg CO2 * 0.0011023 short tons

 MMBtu kg 

Doga Enerji (A4) 

Maximum Potential to Emit Estimate

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 

2008 Operational Estimate Based On Sponsor Feedback
38

Per Sponsor feedback, emissions and operational factors have not changed. 

Jorf Lasfar Energy (A10) 

Maximum Potential to Emit Estimate

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

the following information. 

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 

2007 Operational Estimate Based On Sponsor Feedback

Per Sponsor feedback, there are no changes to the maximum potential to emit estimate. 

2008 Operational Estimate Based On Sponsor Feedback

Per Sponsor feedback, emissions and operational factors have not changed. 

Paiton Energy (A13) 

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 
39

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 

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 

2008 Operational Estimate Based On Sponsor Feedback

Sponsor provided data but was for 2010 and not 2008. As a result, 2008 defaults to 2007 data. 

Trakya Elektrik Uretim ve Ticaret (A15) 

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. 
40

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 

2008 Operational Estimate Based On Sponsor Feedback

Trakya Elektrik Uretim ve Ticaret’s 2008 operational emissions of 1,484,377 short tons CO2

was calculated using the following information. 

Data Value Source

Fuel Type Natural Gas Project Description 

Capacity 478MW Project Sponsor 

Consumption 483,181,877 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 

2008 Operating Emissions 1,346,627 metric tonnes Project Sponsor 

Consumption based emissions = 1,484,377 short tons CO2 per year 

1,346,627 metric tonnes* short tons .

 0.9072 metric tonnes 
41

TIER A PROJECTS – BASED ON CAPACITY (THROUGHPUT NOT

AVAILABLE) 

Adapazari Elektrik Uretim (A2)

Maximum Potential to Emit Estimate

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 

2008 Operational Estimate Based On Sponsor Feedback

Sponsor feedback provided last year for 2007 also was applicable for 2008. As a result, there is 

no change. 

Habibullah Coastal Power (A5) 

Maximum Potential to Emit Estimate

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

using the following information. 
42

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 

2008 Operational Estimate Based On Sponsor Feedback

Per Sponsor Feedback, emissions and operational factors did not change from 2007. 

Gebze Elektrik Uretim (A6)

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 
43

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 

2008 Operational Estimate Based On Sponsor Feedback

Per Sponsor feedback, emissions and operational factors for 2008 are the same as 2007. 

Pakistan Water & Power Development Authority (A7) 

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. 

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 

2007 Operational Estimate Based On Sponsor Feedback

Per Sponsor feedback, there are no changes to the maximum potential to emit estimate. 

2008 Operational Estimate Based On Sponsor Feedback

Per Sponsor feedback, emissions and operational factors have not changed. 
44

Isagen SA (A8) 

Maximum Potential to Emit Estimate

Isagen SA’s emissions estimate of 696,654 short tons CO2 was calculated using the following 

information. 

Data Value Source

Fuel Type Natural Gas Project Description 

Capacity 200 MW + 100MW from steam 

turbine 

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 = 696,654 short tons CO2 per year 

200MW * 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 203,010 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 184,171 metric tonnes Project Sponsor 

Capacity based emissions = 203,010 short tons CO2 per year 

184,171 metric tonnes * short tons .

 0.9072 metric tonnes 

2008 Operational Estimate Based On Sponsor Feedback

Need to calculate and add in here. 

Izmir Elektrik Uretim (A9) 

Maximum Potential to Emit Estimate

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

the following information. 
45

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 

2008 Operational Estimate Based On Sponsor Feedback

Per Sponsor feedback, emissions and operational factors were the same for 2007 and 2008. 

Gaza Private Generating PLC (A11) 

Maximum Potential to Emit Estimate

Gaza Private Generating PLC’s emissions estimate of 487,657 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 = 487,657 short tons CO2 per year 
46

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 

2008 Operational Estimate Based On Sponsor Feedback

Gaza Private Generating PLC’s 2008 operational emissions of 303,535 short tons CO2 was 

calculated using the following information. 

Data Value Source

Fuel Type Natural Gas Project Description 

Capacity 136.4 MW Project Sponsor 

2008 Emissions 275,367 metric tonnes Project Sponsor 

Capacity based emissions = 303,535 short tons CO2 per year 

275,367 metric tonnes * short ton .

 0.9072 metric tonnes 

NEPC Consortium Power (A12) 

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 
47

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

 MW yr kWh g 

2007 Operational Estimate Based On Sponsor Feedback

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 

2008 Operational Estimate Based On Sponsor Feedback

NEPC Consortium Power’s 2008 operating emissions of 343,581 short tons CO2 was 

calculated using the following information. 

Data Value Source

Fuel Type Natural Gas & HFO Project Sponsor 

Heat Content (HFO) 363,184 MMBtu / yr Project Sponsor 

Heat Content (NatGas) 5,335,005 MMBtu / yr Project Sponsor 

Capacity based emissions = 343,581 short tons CO2 per year 

363,184 MMBtu * 78.80 kg CO2 * 0.0011023 short tons + 5,335,005 MMBtu * 53.06 kg CO2 * 0.0011023 short tons

 MMBtu kg MMBtu kg 

Termovalle SCA (A14) 

Maximum Potential to Emit Estimate

Termovalle SCA’s emissions estimate of 714,070 short tons CO2 was calculated using the 

following information. 

Data Value Source

Fuel Type Natural Gas Project Description 

Capacity 205 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 = 714,070 short tons CO2 per year 
48

205MW * 1000kW * 8000hr * 395 gCO2 * 0.0000011023 short tons

 MW yr kWh g 

2007 Operational Estimate Based On Sponsor Feedback

Termovalle SCA’s 2007 operating emissions of 16,226 short tons CO2 was calculated using 

the following information. 

Data Value Source

Fuel Type Natural Gas Project Description 

Capacity 205 MW Project Description 

2007 Operating Hours 181.79 hrs Project Sponsor 

Emission Factor for 

Emissions Estimate from 

Capacity 

395 g CO2/kWh International Finance 

Corporation, Guidance Note 

3, Annex A section A-(i) 

Capacity based emissions = 16,226 short tons CO2 per year

205MW * 1000kW * 181.79hr * 395 gCO2 * 0.0000011023 short tons

 MW yr kWh g 

2008 Operational Estimate Based On Sponsor Feedback

Termovalle SCA’s 2008 operating emissions of 46,213 short tons CO2 was calculated using 

the following information. 

Data Value Source

Fuel Type Natural Gas Project Description 

Capacity 205 MW Project Description 

2008 Operating Hours 517.74 hrs Project Sponsor 

Emission Factor for 

Emissions Estimate from 

Capacity 

395 g CO2/kWh International Finance 

Corporation, Guidance Note 

3, Annex A section A-(i) 

Capacity based emissions = 46,213 short tons CO2 per year

205MW * 1000kW * 517.74hr * 395 gCO2 * 0.0000011023 short tons

 MW yr kWh g

Grenada Electricity Services (WRB) (A16) 

Maximum Potential to Emit Estimate

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

calculated using the following information. 
49

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 

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 

2008 Operational Estimate Based On Sponsor Feedback

Grenada Electricity Services (WRB)’s 2008 operational emissions of 121,156 short tons CO2 

was calculated using the following information. 

Data Value Source

Fuel Type Diesel (Fuel Oil) Project Description 

Fuel Consumption 11,436,588 gallons Project Sponsor 

Heat Rate 8006 Btu/kWh Project Sponsor 

Diesel LHV 40306 Btu/kg Project Sponsor 

Energy Generated 187,689,464 kWh Project Sponsor 

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

12-1 

2008 Emissions 121,156 short tons Project Sponsor 

Capacity based emissions = 121,156 short tons CO2 per year 
50

TIER B PROJECTS

Accroven SRL (B1) 

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 

2007 Operational Estimate Based On Sponsor Feedback

Per Sponsor feedback, there are no changes to the maximum potential to emit estimate. 

2008 Operational Estimate Based On Sponsor Feedback

Accroven SRL’s 2008 operational emissions of 445,832 short tons CO2 was calculated using 

the following information. 

Data Value Source

2008 Emissions 404,458 Metric tons CO2 Project Sponsor 

Capacity based emissions = 445,832 short tons CO2 per year 

Various Egypt Subsidiaries (Apache)(B2)

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. 
51

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 

2008 Operational Estimate Based On Sponsor Feedback

Various Egypt Subsidiaries (Apache)’s 2008 operational emissions of 1,442,133 short tons 

CO2 was calculated using the following information. 

Data Value Source

2008 Emissions 1,442,133 metric tonnes Project Sponsor

2008 Operational Emissions = 1,442,133 short tons CO2 per year 

1,365,560 metric tonnes * short ton .

 0.9072 metric tonnes 
52

Baku-Tblisi-Ceyhan Pipeline (B3) 

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 

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 
53

2008 Operational Estimate Based On Sponsor Feedback

Per Sponsor feedback, emissions and operational factors did not change from 2007 to 2008. 

E.P. Interoil (B4) 

Maximum Potential to Emit Estimate

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 
54

2008 Operational Estimate Based On Sponsor Feedback

E.P. Interoil’s 2008 operational emissions of 103,247 short tons CO2 was calculated using the 

following information. 

Data Value Source

2008 Annual MMBtu 15,888 MMBtu Project Sponsor 

2008 Emissions 103,247 short tonnes Project Sponsor 

2008 Operational Emissions = 103,247 short tons CO2 per year 

Foxtrot International (B5) 

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 

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 
55

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 

 

2008 Operational Estimate Based On Sponsor Feedback

Per Sponsor feedback, emissions and operational factors did not change from 2007 to 2008. 

 

Natural Gas Liquids II Financing (B6) 

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. 

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 

2008 Operational Estimate Based On Sponsor Feedback

Received no Sponsor feedback so 2007 data is used as a default. 
56

Equate Petrochemical (B7) 

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 

2007 Operational Estimate Based On Sponsor Feedback (received late)

Equate Petrochemical provided 2007 operational emission date after the 2007 report was 

complete. While the report reflected Pace’s PTE estimate of 720,573 short tons CO2, 680,311

short tons CO2 is the more up to date value and was calculated using the following 

information. 

Data Value Source

2007 Emissions 617,178 metric tonnes Project Sponsor 

2007 Operational Emissions = 680,311 short tons CO2 per year 

617,178 metric tonnes * short ton .

 0.9072 metric tonnes 

2008 Operational Estimate

Sponsor feedback was not received for 2008. The most recent 2007 operational data received 

by the sponsor is used. 

West African Gas Pipeline (B8)

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. 
57

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. 

2008 Operational Estimate Based On Sponsor Feedback

The West African Gas Pipeline was not operational during 2008. Since emissions from would 

be below the 100,000 short ton threshold this project is omitted from the 2008 inventory. 

Wilpro Energy Services (El Furrial) – B9 

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. 
58

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 
59

2008 Operational Estimate Based

Sponsor feedback was not received for 2008. Defaulted to 2007 operational data provided by 

the sponsor. 

Wilpro Energy Services (Pigap) – B10 

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. 
60

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 

2008 Operational Estimate

Sponsor feedback was not received for 2008. Defaulted to 2007 operational data provided by 

the sponsor. 
61

APPENDIX C 

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 

251.98 Btu per cal Perry's Chemical Engineering Hand Book, 

Table 1-7 

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 (subbituminous) 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 

78.80 kg CO2 per MMBtu Residual Fuel Oil 

(#5 & 6) 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 natural 

gas 

IFC Guidance Note 3, Annex A section A-(i)
62

APPENDIX D 

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> 
63

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 
64

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.