Note 86 September 2013 Infrastructure Policy Unit 2012 PPI Data Update: Energy Sector Total investments in energy projects with private participation grew by 4 percent in 2012 Overview In 2012, 244 new energy projects with private participation reached financial or contractual closure in 35 lower- and upper-middle income countries.1 Total investment commitments (hereafter, investment) in energy projects reached US$76.8 billion, of which $66.8 billion were investments in new projects and $10.0 billion were investments in existing projects. Overall investment in the energy sector increased by 3.6 percent compared to last year when investment totaled $74.1 billion, following an 11 percent decrease from the year before. The main driver of this slight upward trend was Latin America and the Caribbean, where investment grew 69 percent to $38.2 billion following the financial closure of the 11.2GW Belo Monte hydropower plant in Brazil, worth $14.8 billion. The distribution of investment by sector is shown in figure 3. Global average annual growth in investments in the energy sector since 2002 has been 17 percent. Coal was the predominant generation fuel in the Middle East and North Africa as well as in South Asia. The majority of new capacity in Sub-Saharan Africa and Europe and Central Asia was wind-based, whilst natural gas was the largest contributor to new capacity in East Asia and the Pacific. Hydropower was the largest contributor in Latin America and the Caribbean.2 Globally, private investment in renewable energy has grown at an annual average of 21 percent since 2007, nearly doubling between 2011 and 2012. The private energy sector as a whole grew 7 percent on average annually during the same period. In total, 34.4GW reached financial closure in 2012. Figure 1: Investments in energy projects in Figure 2: Number of new energy projects with private participation, by region, 1990-2012 100 2012 US$ billions* 350 350 80 300 300 250 250 60 200 200 40 150 150 100 100 20 50 50 0 0 0 1990 1995 2000 2005 2010 1990 1995 2000 2005 2010 EAP ECA EAP ECA LAC MNA LAC MNA SAR SSA Renewable Energy SAR SSA Source: World Bank and PPIAF, PPI Project Database. Renewable Energy *Adjusted by US CPI Source: World Bank and PPIAF, PPI Project Database. This note was written by Bastiaan Johan Verink, Analyst, Infrastructure Finance to the Private Participation in Infrastructure Research Group, Infrastructure Policy Unit, Sustainable Development Network, World Bank Group. 1 The PPI Project Database currently uses the FY12 World Bank country classification released in July 2012. Investment data are in 2012 US dollar using the US CPI to adjust to 2012 values. Data at http://ppi.worldbank.org/ are reported in millions of current U.S. dollars unless otherwise indicated. St. Kitts and Nevis graduated to high income country status in July 2012. 2 The data on infrastructure projects with private participation include primarily medium-size and large projects as reported by the media and other public sources. Small-scale projects are generally not included because of lack of public information. Additional investment in some projects may have been omitted for the same reason. Regional overview In Sub-Saharan Africa (SSA), four countries implemented 22 new projects: Kenya (2); South Africa (18); Uganda (1); and, Zambia (1). These projects represented $4.5 billion in new investment. The majority of projects were generation plants adding 1,260MW of capacity, of which 1,090MW were renewable energy projects valued at $4.1 billion. The region added 9 solar PV plants (404MW, South Africa) and 2 solar CSP plants (150MW, South Africa); as well as 7 wind farms (523MW, South Africa). The Itezhi-Tezhi Power Corporation in Zambia developed a 134km 330kV double-cable and a 142km 220kV singe-circuit transmission line as well as a 2x125 MVA substation, at a total cost of $110 million, with support from the African Development Bank ($35 million) and the European Investment Bank ($35 million). In the non-renewable category, two diesel plants in Kenya added 170MW, both covered by MIGA guarantees. Additionally, Triumph Heavy Fuel Oil (83MW) and Thika (87MW) received an IDA partial-risk guarantee of $45 million each. In 2011, all generation projects had at least 50 percent foreign equity, but in 2012 43 percent of the projects where identified as held by domestic sponsors. The majority of domestically owned projects were in South Africa, but Triumph HFO in Kenya was also domestically held. The International Finance Corporation (IFC) was the dominant multilateral lender in the region, supporting three projects in South Africa and Kenya. Wind was the predominant generation resource. Two existing power plant projects in the region were expanded, representing an additional $490 million in investment. These projects include two gas-fired power plants in Ghana and Côte d'Ivoire. In East Asia and the Pacific (EAP), eight countries implemented 41 new projects: China (16); Indonesia (3); Lao PDR (2); Malaysia (3); Philippines (3); Mongolia (1); Thailand (9); Vietnam (4). These projects represented $6.5 billion in new investment. Of these projects, all 41 were generation plants. The generation plants were valued at $6.5 billion and added 4.2GW of capacity, of which 1.6GW was renewable. Wind farms were concentrated in China and Mongolia and added 100MW. Furthermore, 258MW in solar plants reached closure. Hydropower plants contributed 895MW of new capacity in the Philippines, Lao PDR, Indonesia, Vietnam and China. Indonesia and the China added the largest private renewable generation capacity of 322MW to its grid, valued at $459 million. Angat Hydropower Turbines IV & V (246MW, Philippines), was the largest project in the renewable energy category. In the non-renewable energy category, the Gulf Utai IPP (1.6GW, Thailand) was the largest project. Expansion of existing projects added a further $2.4 billion in investments, bringing total investments in the region to $8.9 billion. The expansion of the Malakoff Tanjung Bin coal plant in Malaysia (2003) with 1,000MW to 3,100MW at a cost of $2.1 billion was the largest single event. Financial closure was reached based on the principles of Islamic financing, with HSBC and Maybank as the lead arrangers. In Europe and Central Asia (ECA), seven countries implemented 55 new projects in eight countries: Albania (6); Bosnia (1); Bulgaria (8); Kosovo (1); Romania (7); Russian Federation (1); Turkey (13); Serbia (2); and, Ukraine (16). These projects represented $9.3 billion in new investment. Of these projects, 41 were generation plants, three were electricity distribution divestitures (full), and eleven projects were natural gas distribution divestitures (partial). The generation plants added 2.5GW valued at $5.7 billion. Of the generation plants, 1.7GW was renewable valued at $3.6 billion. Hydropower plants added 259MW, wind farms 1.2GW, and solar plants in Bulgaria, Romania and Ukraine added 314MW. With 1.2GW, Romania added the largest renewable generation capacity (702MW). Enel Tragusor-Zephyr wind farm (272MW, Romania) was the largest project in the renewable energy 2 category. In the non-renewable category, the Enerjisa Tufanbeyli coal plant (450MW, Turkey) was the largest project. Wind was the dominant generation technology, with 1.2GW in 2012. Ukraine also tendered three electricity distribution divestitures and eleven natural gas distribution divestitures (partial) via competitive bidding based on highest price paid, raising $3.7 billion. Four projects were expanded at a total cost of $270 million. In Latin America and the Caribbean (LAC), 11 countries implemented 55 new projects in seven countries: Argentina (4); Brazil (36); Chile (6); Mexico (2); Nicaragua (2); Peru (3); and, Uruguay (2). These projects represented $32.4 billion in new investment. Of these projects, 47 were generation plants and eight projects were transmission lines. The generation plants were valued at $30.0 billion and added 18.7GW, of which 17.4GW was renewable valued at $28.6 billion. Hydropower plants added 14.5GW, and wind farms added 2.5GW as well. Four solar plants added 147MW. Brazil added the largest renewable generation capacity: 16.3GW, valued at $22.9 billion. Belo Monte hydro-power plant (11,200MW, Brazil) was the largest project in the renewable energy category. In the non-renewable category, the Maranhao III thermal power plant (499MW, Brazil) was the largest project. Hydropower was the dominant generation technology, with 13.9GW in 2012. Brazil also tendered eight electricity transmission concessions of more than 3,373 kilometers via competitive bidding based on lowest required annual revenue, valued at $2.4 billion. BNDES supported two-thirds of Brazil’s energy projects: seven transmission deals, as well as 17 generation plants. Existing projects invested $5.7 billion, bringing total investment to $38.2 billion in 2012. In South Asia (SAR), four countries implemented 67 new projects: Bangladesh (7); India (45); Nepal (1); Pakistan (9); and, Sri Lanka (5). These projects represented $10.4 billion in new investment. Of these projects, 63 projects were generation plants and four projects were transmission lines. The generation plants, valued at $8.0 billion, added 6.4GW of which 3.1GW was renewable valued at $4.8 billion. Hydro-power plants added 268MW, 37 wind farms 2.4GW, and 11 solar plants added 385 MW. Tadas wind farm (201MW, India) was the largest project in the renewable energy category. In the non-renewable category, the Jas Infrastructure and Power coal plant (1,320 MW, India) was the largest project. Wind power plants were the dominant generation technology, with 2.4 GW, closely followed by coal with 2.3GW. Two new rental power plants, both gas and diesel-fired, added 150MW in Bangladesh at a total cost of $83 million. Four transmission projects were competitively tendered: 3,753km valued at $2.4 billion. The largest of these, the 1,290km Maharashtra Eastern Grid project, was awarded via direct negotiation to a joint-venture between Maharashtra State Electricity Transmission Company (26 percent) and Adani Group (74 percent). The other three projects were awarded via competitive tender based on lowest tariff. Most projects in India were financed by domestic state-owned banks. In Pakistan, 78 percent of the projects were MDB supported, including six out of seven wind farms. Four existing coal plants in India, one diesel rental plant in Bangladesh, and a hydropower plant in Nepal expanded their business at a cost of $1.0 billion, bringing total investment to $11.4 billion. Investment decreased significantly since 2010, when investment hit $38 billion. In Middle East and North Africa (MNA) there were four projects in two countries, whereas in 2011 no projects were recorded. In Morocco, three projects reached financial closure: Ouarzazate CSP solar plant (160MW), ADWEA Jorf Lasfar Coal IPP (700MW), and the Nareva Tarfaya wind farm (300MW). In Jordan, AES financed a diesel IPP (240MW). Total investment in 2012 was $3.7 billion, of which $1.9 billion was in renewable energy. In 2010, the Kuraymat solar/gas-fired power plant (150MW, Egypt) reached financial closure with support from the Global Environment Facility and the Japan Bank of International Cooperation. In 2009, the Al-Qatrana 3 power plant (373MW, Jordan) was financed with support from the Islamic Development Bank and sponsored by KEPCO (South Korea) and Xenel Industries (Saudi Arabia). In both 2006 and 2007 MENA had five new projects. In IDA countries 21 projects reached financial closure, increasing generation capacity by 2.2GW with investment of $2.7 billion, up from $1.7 billion in 2011. This is close to the 2007-2011 annual average of $2.8 billion, and higher than the years during the US financial crisis (2008-2009). 2012 projects included two rental power plants (150 MW) in Bangladesh. Natural gas projects added 911MW in Bangladesh. Hydropower plants added 379MW in Nepal, Lao PDR, Uganda, Nicaragua, and Sri Lanka; three of these projects were larger than 50MW; three were smaller than 50MW. Subsector overview The electricity sector accounted for 233 projects (95 percent of all new projects) and total investments of $66.8 billion. Natural gas only had $500 million in investments, in 11 new projects, all of which partial divestitures of natural gas distribution assets in Ukraine. The subsector of electricity includes: electricity generation, transmission and distribution. Figure 3: Investment in energy projects with Figure 4: Number of projects in energy with private participation, by segment, 1990-2012 private participation, by segment, 1990-2012 90 2012 US$ billions* *Adjusted by US CPI 350 Number of projects 80 300 70 250 60 50 200 40 150 30 100 20 10 50 0 0 1990 1995 2000 2005 2010 1990 1995 2000 2005 2010 Integrated Utility Electricity distribution Integrated Utility Electricity Distribution Electricity transmission Electricity generation Electricity transmission Electricity Generation Natural Gas Natural Gas 4 Featured project Consorcio Norte Brasil Energia Belo Monte Hydropower Plant | Xingu River, Brazil | 35 years Consorcio Norte Brasil Energia, registered in Brazil, is a joint-venture between state-owned CHESF (49.98 percent) and eight Brazilian companies: Queiroz Galvao (10.02 percent), Mendes Junior Trading Engenharia SA (3.75 percent), Galvao Engenharia SA (3.75 percent), Serveng-Civilsan SA (3.75 percent), J Malucelli Construtora de Obras SA (9.98 percent), Contern Construcoes e Comercio (3.75 percent), Cetenco Engenharia SA (5 percent) and Grupo Bertin’s subsidiary Gaia Energia e Participacoes SA (10.02 percent). The consortium was awarded the build-own-operate contract for the 11,233MW Belo Monte hydropower plant on the Xingu River, in the State of Para. Contractual information In a competitive tender with two final bidders, the consortium won a 30-year Power Purchase Agreement with state-owned electricity distribution company Cemig. The winning bid was priced at $44.31/MWh, plus $10.17 million in payments to the government upon commissioning. The other consortium was Consorcio Belo Monte Energia, comprising of Andrade Gutierrez, Vale SA, Furnas, Eletrosul, CBA, and Neoenergia. Financial information The total project cost was $14.8 billion. Financial closure of a $10,561 million lending package took place in December 2012, after an initial $2.2 billion loan commitment from BNDES in March 2011, and $654 million in June 2011.The recent $10,561 million (22.5 billion Reais) lending package included a $3.3 billion (7 billion Reais) tranche from state-owned bank Caixa Economica Federal (CEF) and a $940 million (2 billion Reais) tranche from BTG Pactual SA7, a local investment bank. BNDES was accountable for the remaining $6.3 billion (13.5 billion Reais) in direct financing. The sponsor consortium contributed $14.8 billion in equity. This loan package included $1.54 billion earmarked for social and environmental activities. 5 Table 1: Energy projects with financial or contractual closure in 2012 (total of 244 projects) Africa Country Project name Project Segment Type of Subtype of Investment Capacity Capacity Sponsors status PPI PPI commitment type (US$ millions) Kenya Triumph HFO Construction Electricity Greenfield Build, own, 140 MW 83 Broad Holding (..% / Power Plant generation project and operate Kenya), Interpel Investments (..% / Kenya), Taceflex (..% / Kenya), Southern Inter-trade (..% / 1 Kenya) Kenya Thika Thermal Construction Electricity Greenfield Build, own, 112 MW 87 Melec Group (90% / 2 Power Project generation project and operate Lebanon) South Abengoa KaXu Construction Electricity Greenfield Build, own, 844 MW 100 Abengoa (51% / Africa Solar I CSP generation project and operate Spain), Industrial Solar Plant Development Corporation (49% / 3 South Africa) South Abengoa Khi Construction Electricity Greenfield Build, own, 430 MW 50 Abengoa (51% / Africa Solar I CSP generation project and operate Spain), Industrial Solar Plant Development Corporation (49% / 4 South Africa) South Kathu Solar Construction Electricity Greenfield Build, own, 394 MW 81 Building Energy (..% / 5 Africa Plant generation project and operate Italy) South ACED Construction Electricity Greenfield Build, own, 300 MW 139 Macquarie Africa Cookhouse generation project and operate Infrastructure Group 6 Wind Farm (MIG) (25% / Australia), Old Mutual 6 (25% / South Africa), AFPOC (50% / Mauritania) South SolarReserve Construction Electricity Greenfield Build, own, 280 MW 75 Solar Reserve (..% / Africa Letsatsi Solar generation project and operate United States), Plant Kensani Holdings (..% / South Africa), Oakleaf Investments (..% / South Africa), Intikon Energy (..% / 7 South Africa) South Solar Capital Construction Electricity Greenfield Build, own, 259 MW 75 Solar Capital (90% / Africa De Aar Solar generation project and operate South Africa), Others 8 Plant (10% / ..) South Scatec Kalkbuilt Construction Electricity Greenfield Build, own, 259 MW 72.5 Scatec (38% / Africa Solar Plant generation project and operate Norway), Itochu Corporation (23% / Japan), Others (..% / 9 ..) South Sumitomo Construction Electricity Greenfield Build, own, 258 MW 100 Sumitomo Corporation Africa Dorper Wind generation project and operate (60% / Japan), Farm Rainmaker Energy (15% / South Africa), 10 Others (..% / ..) South Standard Bank Construction Electricity Greenfield Build, own, 222 MW 77.6 Standard Bank (35% / Africa Kouga Oyster generation project and operate South Africa), Inspire Bay Wind Farm Evolution Investment Management (27% / 11 South Africa) South Gestamp Karoo Construction Electricity Greenfield Build, own, 185 MW 75 Gestamp Corporation Africa Wind Farm generation project and operate (60% / Spain), 12 Shanduka Group (25% / South Africa), 7 Others (15% / ..) South Old Mutual Construction Electricity Greenfield Build, own, 173 MW 78 Macquarie Africa Hopefield Wind generation project and operate Infrastructure Group Farm (MIG) (39% / Australia), Old Mutual 13 (39% / South Africa) South Mainstream Construction Electricity Greenfield Build, own, 150 MW 50 Mainstream Africa Droogfontein generation project and operate Renewable Power Solar Plant (..% / Ireland), Genesis Eco-Energy (..% / South Africa), Globeleq (..% / United 14 Kingdom) South Old Mutual - Construction Electricity Greenfield Build, own, 96 MW 20 Old Mutual (50% / Africa Herbert Solar generation project and operate South Africa) 15 PV South Biotherm - Construction Electricity Greenfield Build, own, 68 MW 27 BioTherm Energy Africa Dassiesklip generation project and operate (60% / South Africa) 16 Wind South Metro Wind Construction Electricity Greenfield Build, own, 50 MW 26 Metrowind (65% / Africa Van Staadens generation project and operate South Africa), Basil Wind Farm Read (35% / South 17 Africa) South Old Mutual - Construction Electricity Greenfield Build, own, 48 MW 10 Old Mutual (50% / Africa Greefspan generation project and operate South Africa) 18 Solar PV South Konkoonsies Construction Electricity Greenfield Build, own, 34 MW 10 BioTherm Energy 19 Africa Solar PV generation project and operate (60% / South Africa) South Biotherm - Construction Electricity Greenfield Build, own, 34 MW 10 BioTherm Energy 20 Africa Aries Solar PV generation project and operate (90% / South Africa) 8 Uganda SAEMS Construction Electricity Greenfield Build, 34 MW 14 South Asia Energy Nyamwamba generation project operate, Management Systems SHPP and transfer (SAEMS) (100% / 21 United States) Zambia Itezhi-Tezhi Construction Electricity Greenfield Build, 110 KM 142 Tata Enterprises (50% Power transmission project operate, / India), Zambia Corporation and transfer Electric Supply Transmission Corporation (ZESCO) 22 line (50% / Zambia) East Asia and the Pacific Country Project name Project Segment Type of Subtype Investment Capacity Capacity Sponsor status PPI of PPI commitment type US$ millions) China Neijiang Solid Construction Electricity Greenfield Build, 101.43 MW 18 Herrel Waste Power generation project operate, Environmental Plant and Protection transfer Industrial Co. Ltd. 1 (100% / China) China Zhuzhou Solid Construction Electricity Greenfield Build, 79.98 MW 24 Jinliy Group Waste Power generation project operate, (Chuangzhi Plant Phase I and Group) (100% / 2 transfer China) China Binzhou Construction Electricity Greenfield Build, 69.57 MW 48 Shandong 3 Tiandiyuan generation project operate, Tiandiyuan Biomass Power and Industrial Co., Ltd. 9 Plant transfer (100% / China) China China WindPower Construction Electricity Greenfield Build, 64.43 MW 49.5 China Windpower Gaoyouhu Wind generation project operate, Group Limited Farm Phase I and (100% / China) 4 transfer China Yili Zhenfa 30MW Construction Electricity Greenfield Build, 63.39 MW 30 Jiangsu Zhenfa PV Plant Phase I generation project operate, Solar Power and Technological transfer Development Co., Ltd. (100% / 5 China) China Chibi City Construction Electricity Greenfield Build, 51.69 MW 30 Kaidi Electric Liushanhu Town generation project operate, Power (100% / Biomass Power and China) 6 Plant transfer China Kai County Solid Construction Electricity Greenfield Build, 48.75 MW 12 Beijing Sound Waste Power generation project operate, Environment Plant and Industry Group 7 transfer (100% / China) China Yongshun County Construction Electricity Greenfield Build, 48.65 MW 30 Kaidi Electric Biomass Power generation project operate, Power (100% / Plant and China) 8 transfer China De’an Biomass Construction Electricity Greenfield Build, 47.5 MW 30 Kaidi Electric Power Plant generation project operate, Power (100% / and China) 9 transfer China Yongxin County Construction Electricity Greenfield Build, 44.37 MW 30 Kaidi Electric Biomass Power generation project operate, Power (100% / Plant and China) 10 transfer 10 China Pingyang County Construction Electricity Greenfield Build, 35.6 MW 30 Jinan QiQuan Jinan Qiquan generation project operate, Thermoelectricity Biomass Power and Co. Ltd. (100% / 11 Plant transfer China) China Qiemo County Construction Electricity Greenfield Build, 28.53 MW 6 Xinjiang Yutian Yutian 6MW PV generation project operate, New Energy Power Plant and Investment Co 12 transfer (100% / China) China Baicheng County Construction Electricity Greenfield Build, 21.08 MW 15.4 Xinjiang Taisheng Ahebulong 1st generation project operate, Energy Cascade and Development Co., Hydropower transfer Ltd. (100% / 13 Station China) China Yangjiang Construction Electricity Greenfield Build, 12.96 MW 27 Herrel Hanergy Roof PV generation project operate, Environmental Plant and Protection Demonstration transfer Industrial Co. Ltd. 14 Project (100% / China) China Jiangsu Construction Electricity Greenfield Build, 0 MW 2 Trina Solar Ltd Changzhou Trina generation project operate, (100% / China) PV Plant and 15 transfer China Deqing Jianeng Construction Electricity Divestiture Full 0 MW 12 Mizuda Group Solid Waste Power generation (100% / China) 16 Plant Acquisition Indonesia KOMIPO Wampu Construction Electricity Greenfield Build, 174 MW 45 Korea Midland SHPP generation project operate, Power Corporation and (KOMICO) (..% / transfer Korea, Rep.), Daewoo E&C (..% 17 / Korea, Rep.) 11 Indonesia SGI-Mitabu Solar Construction Electricity Greenfield Build, 104 MW 50 Solar Guys Plant Phase I generation project own, and International (SGI) operate (..% / Australia), Mitabu Australia 18 (..% / Australia) Indonesia Bina Puri Desa Construction Electricity Greenfield Build, 10 MW 4.2 Bina Puri Group Patteneteang generation project own, and (80% / Malaysia) 19 SHPP operate Lao PDR Sinohydro Nam Construction Electricity Greenfield Build, 430 MW 173 Sinohydro (85% / Khan II & III HPP generation project operate, China) and 20 transfer Lao PDR HAG Nam Kong II Construction Electricity Greenfield Build, 71.42 MW 66 Hoang Anh Gia Lai HPP generation project operate, Group (100% / and Vietnam) 21 transfer Malaysia Tanjung Bin Power Construction Electricity Greenfield Build, 2211 MW 1000 Malakoff Bhd Plant Expansion generation project own, and (100% / Malaysia) 22 operate Malaysia Felda Global Construction Electricity Greenfield Build, 36 MW 12.5 Tenaga Nasional Jenka Biomass generation project own, and Bhd. (40% / ..), Plant operate Felda Holdings BHD (60% / 23 Malaysia) Malaysia Cypark Pajam Construction Electricity Greenfield Build, 17.2 MW 7 Cypark Resources Solar/Biogas Plant generation project own, and BHD (..% / operate Malaysia), LG Electronics Inc. 24 (..% / Korea, Rep.) Mongolia Newcom Salkhit Construction Electricity Greenfield Build, 120 MW 50 Newcom (75% / Wind Farm generation project own, and Mongolia) 25 operate 12 Philippines Tranzen Agus III Construction Electricity Greenfield Build, 500 MW 225 Lanao Hydropower HPP generation project operate, Development and Corporation transfer (LHDC) (20% / Philippines), Tranzen Group Incorporated (80% 26 / Philippines) Philippines Angat HPP Construction Electricity Divestiture Full 440.9 MW 246 Korea Water Turbine IV & V generation Resources Corporation (100% 27 / Korea, Rep.) Philippines ASEA Aklan Construction Electricity Greenfield Build, 12 MW 12 ASEA One Power Biomass Plant generation project own, and Corporation operate (AOPC) (..% / Philippines), LG Group (..% / 28 Korea, Rep.) Thailand Gulf Utai Power Construction Electricity Greenfield Build, 1280 MW 1600 J-POWER (90% / Plant generation project own, and Japan), Others 29 operate (10% / ..) Thailand GPS Nakhon Construction Electricity Greenfield Build, 54.6 MW 19.5 Gunkul Sawan & Chai Nat generation project own, and Engineering (40% Solar Plants operate / Thailand), Electricity Generating Company (EGCO) 30 (60% / Thailand) Thailand EGCO SunWat 1- Construction Electricity Greenfield Build, 52.7 MW 36 Electricity 4 Solar Plants generation project own, and Generating operate Company (EGCO) 31 (100% / Thailand) 13 Thailand Korat 3-5 & 7-9 Construction Electricity Greenfield Build, 39.2 MW 36 SPCG Public Solar Plants generation project own, and Company Ltd 32 operate (100% / Thailand) Thailand EGCO SPP5 Solar Construction Electricity Greenfield Build, 27.8 MW 8 Electricity Plant generation project own, and Generating operate Company (EGCO) 33 (100% / Thailand) Thailand SPCG Khon Kaen Construction Electricity Greenfield Build, 26.1 MW 24 SPCG Public 3, 4, 5, 8 generation project own, and Company Ltd (..% 34 operate / Thailand) Thailand Songkhla Biomass Construction Electricity Greenfield Build, 20.2 MW 9.9 Ratchaburi Plant generation project own, and Electricity operate Generating Holding Plc (40% / Thailand), Precise Power Producer Company (40% / Thailand), Assiddeek Savings Cooperative (20% 35 / Thailand) Thailand Solarta Nakhon Construction Electricity Greenfield Build, 18.6 MW 12.4 Yanhee Group Pathom Solar generation project own, and (51% / Thailand), Plant operate Ratchaburi Electricity Generating Holding Plc (49% / 36 Thailand) Thailand Ratch Sao Thien-A Construction Electricity Greenfield Build, 6.2 MW 4.2 Ratchaburi Flared Gas Plant generation project own, and Electricity operate Generating Holding Plc (100% 37 / Thailand) 14 Vietnam Nam Na 3 Construction Electricity Greenfield Build, 120.2 MW 78 Hung Hai Hydropower Plant generation project own, and Construction operate Limited Company 38 (100% / Vietnam) Vietnam VRG Dak Sin I Construction Electricity Greenfield Build, 32.2 MW 27 Vietnam Rubber SHPP generation project operate, Group (VRG) and (100% / Vietnam) 39 transfer Vietnam Nam Xay Noi II Construction Electricity Greenfield Build, 12.8 MW 12 Song Da General SHPP generation project own, and Construction operate Company (100% / 40 Vietnam) Vietnam Lang Bang SHPP Construction Electricity Greenfield Build, 3.6 MW 3.6 Van Yen generation project own, and Exploitation operate Production and Construction JSC 41 (100% / Vietnam) Europe and Central Asia Country Project name Project status Segment Type of Subtype Investment Capacity Capacity Sponsor PPI of PPI commitment type (US$ millions) Albania ETEA Lapaj SHPP Operational Electricity Greenfield Build, 19.4 MW 13.6 ETEA Group generation project own, and (100% / Italy) 1 operate Albania Energo-SAS Sasaj Operational Electricity Greenfield Build, 10.6 MW 8.6 AGNA Group SHPP generation project own, and (100% / 2 operate Albania) 15 Albania Ble-Klo-Ar Tervol Operational Electricity Greenfield Build, 10.1 MW 12 Ble-Klo-Ar SHPP generation project own, and (100% / 3 operate Albania) Albania Ostrovica Operational Electricity Greenfield Build, 9 MW 14 Ostrovica Faqekuq I & II generation project own, and Energy (100% 4 SHPPs operate / Albania) Albania Fidia Verbe-Selce Construction Electricity Greenfield Build, 7.7 MW 5 Fidia 1 & 2 SHPP generation project own, and Ambiente (..% operate / Italy), ADRE Group (..% / Italy), Xhemi 5 (..% / Albania) Albania Erma Carshova Operational Electricity Greenfield Build, 1.8 MW 1.5 Erma (100% / SHPP generation project own, and Albania) 6 operate Bosnia and EFT Stanari Coal Construction Electricity Greenfield Build, 661.9 MW 300 Energy Herzegovina Plant generation project operate, Financing and Team (EFT) transfer (100% / United 7 Kingdom) Bulgaria MEMC Construction Electricity Greenfield Build, 235.8 MW 60.4 ACF Karadzhalovo generation project own, and Renewables 8 Solar Plant operate (100% / Malta) Bulgaria Moncada Solar Construction Electricity Greenfield Build, 37.5 MW 16 Moncada Plant generation project own, and Energy Group 9 operate (100% / Italy) Bulgaria LS/CHINT Yambol Operational Electricity Greenfield Build, 37.4 MW 14.5 CHINT Group Solar Plant generation project own, and (50% / China), operate LG Electronics Inc. (50% / 10 Korea, Rep.) 16 Bulgaria Helios Operational Electricity Greenfield Build, 19.5 MW 5 Helios Power Yerusalimovo generation project own, and (100% / 11 Solar Plant operate Bulgaria) Bulgaria CEZ Oreshets Operational Electricity Greenfield Build, 13 MW 5 CEZ Group Solar Plant generation project own, and (100% / Czech 12 operate Republic) Bulgaria Helios Montana Operational Electricity Greenfield Build, 11.7 MW 3 Helios Power Solar Plant generation project own, and (100% / 13 operate Bulgaria) Bulgaria Helios Zelena Construction Electricity Greenfield Build, 7.8 MW 2 Helios Power Svetlina Solar generation project own, and (100% / 14 Plant operate Bulgaria) Bulgaria Helios Sredetz Operational Electricity Greenfield Build, 7.1 MW 1.8 Helios Power Solar Plant generation project own, and (100% / 15 operate Bulgaria) Kosovo Kosovo Electricity Operational Electricity Divestiture Full 424.1 Population 1800 Limak Holding Distribution and distribution (thousands) (50% / Supply (KEDS) Turkey), Calik Holding (50% / 16 Turkey) Romania Enel Targusor- Construction Electricity Greenfield Build, 532 MW 272 Elcomex Zephyr Wind Farm generation project own, and Group (..% / operate Romania), Enel SpA (..% 17 / Italy) Romania Verbund Construction Electricity Greenfield Build, 332.5 MW 200 Verbund (63% Casimcea 1 & 2 generation project own, and / Austria) 18 Wind Farm operate Romania EPGE Chirnogeni- Construction Electricity Greenfield Build, 169 MW 80 Joannou & Independenta generation project own, and Paraskevaides 19 Wind Farm operate Ltd (20% / Channel 17 Islands), Marguerite Fund (50% / Luxembourg), EnerCap Power Fund (30% / Czech Republic) Romania Samsung Giurgiu Construction Electricity Greenfield Build, 158.9 MW 45 Samsung Solar Plant generation project own, and Corporation operate (..% / Korea, Rep.), Green Source (..% / 20 Austria) Romania EDPR Hehendinti, Construction Electricity Greenfield Build, 152 MW 39 EDP Olt & Dolj Solar generation project own, and Renovaveis Plants operate (100% / 21 Portugal) Romania EDPR Sarichioi & Construction Electricity Greenfield Build, 108 MW 57 EDP Vutcani Wind generation project own, and Renovaveis Farm operate (100% / 22 Portugal) Romania Espe Sapanta Construction Electricity Greenfield Build, 27.9 MW 9.9 Espe Group SHPP generation project own, and (100% / Italy) 23 operate Russian AltEnergo Operational Electricity Greenfield Build, 13 MW 2.4 AltEnergo Federation Belgorod Biogas generation project own, and (100% / Plant 1 operate Russian 24 Federation) Serbia Mirotin Vrbas Construction Electricity Greenfield Build, 7.2 MW 1 Sava Biogas Plant generation project own, and Kovacevic operate (100% / 25 Serbia) 18 Serbia W&W Crkvina & Construction Electricity Greenfield Build, 4.2 MW 2.2 W&W Energy Recica SHPPs generation project own, and (100% / 26 operate Serbia) Turkey Baskent Elektrik Operational Electricity Divestiture Full 1960 Number of 3080 Cengiz Dagitim A.S. distribution connections Holding (..% / (BEDAS) (thousands) Turkey), Kolin Group (..% / Turkey), Limak Holding 27 (..% / Turkey) Turkey Enerjisa Construction Electricity Greenfield Merchant 1350 MW 450 Verbund (50% Tufanbeyli Coal generation project / Austria), Plant Sabanci Holding (50% / 28 Turkey) Turkey Gediz Elektrik Operational Electricity Divestiture Full 1230 Number of 2440 Elsan (..% / Dagitim A.S. distribution connections Turkey), (thousands) Tumas (..% / Turkey), Turcas Elektrik Uretim A.S. (..% / 29 Turkey) Turkey Enerjisa Bares Construction Electricity Greenfield Build, 299 MW 142.5 Verbund (50% Wind Farm generation project own, and / Austria), operate Sabanci Holding (50% / 30 Turkey) Turkey EDF Geycek Wind Construction Electricity Greenfield Build, 257 MW 168 EDF Energies Farm generation project own, and Nouvelles SA operate (..% / France), Polat Enerji 31 (49% / Turkey) 19 Turkey Lodos Karaburun Construction Electricity Greenfield Build, 227 MW 120 Alto Holding Wind Farm generation project own, and (..% / Turkey) 32 operate Turkey Enerjisa Menge Operational Electricity Greenfield Build, 151.3 MW 89 Verbund (50% HPP generation project operate, / Austria), and Sabanci transfer Holding (50% / 33 Turkey) Turkey Ayen Gumushane Operational Electricity Greenfield Build, 99.1 MW 70.8 Aydiner Insaat HPP generation project operate, (..% / Turkey) and 34 transfer Turkey Bilgin Zeytineli Construction Electricity Greenfield Build, 90 MW 50 Bilgin Enerji Wind Farm generation project own, and (100% / 35 operate Turkey) Turkey Ozaltin Yedisu Operational Electricity Greenfield Build, 33.6 MW 24 Ozaltin (50% / HPP generation project operate, Turkey) and 36 transfer Turkey Eolos Senkoy Operational Electricity Greenfield Build, 31.2 MW 24 Guris Group Wind Farm generation project own, and (100% / 37 operate Turkey) Turkey Ayen Mordogan Construction Electricity Greenfield Build, 30.75 MW 30.8 Aydiner Insaat Wind Farm generation project own, and (..% / Turkey) 38 operate Turkey Akfen Demirciler Operational Electricity Greenfield Build, 11.8 MW 8.4 Akfen Holding SHPP generation project own, and (100% / 39 operate Turkey) Ukraine Activ Dunayskaya Operational Electricity Greenfield Build, 168 MW 43.1 Activ Solar Solar Plant generation project own, and Holding (100% 40 operate / Austria) 20 Ukraine Activ Operational Electricity Greenfield Build, 167.5 MW 43 Activ Solar Starokozache generation project own, and Holding (100% 41 Solar Plant operate / Austria) Ukraine Activ Mityaevo Operational Electricity Greenfield Build, 123 MW 31.6 Activ Solar Solar Plant generation project own, and Holding (100% 42 operate / Austria) Ukraine Novorossiske Construction Electricity Greenfield Build, 16.2 MW 9 Vindkraft Wind Farm generation project own, and Ukraina operate (100% / 43 Ukraine) Ukraine Luhanskgas PJSC Operational Natural gas Divestiture Partial 10.5 Number of 624 Gaztek (26% / distribution connections Ukraine) 44 (thousands) Ukraine Dnipropetrovskgaz Operational Natural gas Divestiture Partial 7.7 Number of Not Gaztek (51% / distribution connections Available Ukraine) 45 (thousands) Ukraine Rengy Porogi Operational Electricity Greenfield Build, 7.5 MW 4.5 Rengy Solar Plant generation project own, and Development operate (100% / 46 Ukraine) Ukraine Krymgaz OJSC Operational Natural gas Divestiture Partial 6.3 Number of 354 Gaztek (32% / distribution connections Ukraine) 47 (thousands) Ukraine Ivano- Operational Natural gas Divestiture Partial 4.1 Number of Not Gaztek (35% / Frankivskgaz distribution connections Available Ukraine) 48 (thousands) Ukraine Volyngaz OJSC Operational Natural gas Divestiture Partial 3.1 Number of Not Gaztek (23% / distribution connections Available Ukraine) 49 (thousands) 21 Ukraine Zhitomirgaz Operational Natural gas Divestiture Partial 2.4 Number of Not Gaztek (60% / distribution connections Available Ukraine) 50 (thousands) Ukraine Zaporizhgaz Operational Natural gas Divestiture Partial 2.1 Number of Not Gaztek (25% / distribution connections Available Ukraine) 51 (thousands) Ukraine Chernivtsigaz Operational Natural gas Divestiture Partial 1 Number of Not Gaztek (20% / OJSC distribution connections Available Ukraine) 52 (thousands) Ukraine Sevastopolgaz Operational Natural gas Divestiture Partial 0.6 Number of 2 Gaztek (25% / distribution connections Ukraine) 53 (thousands) Ukraine Syrnygaz Operational Natural gas Divestiture Partial 0 Number of Not Gaztek (26% / distribution connections Available Ukraine) 54 (thousands) Ukraine Mykolaivgaz Operational Natural gas Divestiture Partial 0 Number of Not Gaztek (51% / distribution connections Available Ukraine) 55 (thousands) Latin America and the Caribbean Country Project name Project Segment Type of Subtype Investment Capacity Capacity Sponsor status PPI of PPI commitment type (US$ millions) 1 Argentina Isolux Corsan Loma Construction Electricity Greenfield Build, 261 MW 100 Isolux Corsan (100% / Blanca I & II generation project own, Spain) and operate 22 2 Argentina IMPSA - Malaspina Construction Electricity Greenfield Build, 138 MW 50 Impsa (100% / Wind Farm generation project own, Argentina) and operate 3 Argentina Isolux Loma Blanca Construction Electricity Greenfield Build, 103 MW 50 Isolux Corsan (100% / VI Wind Farm generation project own, Spain) and operate 4 Argentina IMPSA - Koluel Construction Electricity Greenfield Build, 81 MW 25 Impsa (100% / Kayke II Wind Farm generation project own, Argentina) and operate 5 Brazil Belo Monte Hydro Construction Electricity Greenfield Build, 14800 MW 11200 Construtora Queiroz Power Plant generation project operate, Galvao (10% / Brazil), and J. Malucelli transfer Construtora de Obras LTDA (10% / Brazil), Others (20% / ..), Grupo Bertin (10% / Brazil) 6 Brazil Teles Pires HPP Construction Electricity Greenfield Build, 1896 MW 1820 Iberdrola SA (51% / generation project operate, Spain), Odebrecht SA and (1% / Brazil) transfer 7 Brazil Interligacao Eletrica Construction Electricity Greenfield Build, 1793 KM 2375 Interconexion Electrica do Madeira (IEMA) transmission project operate, SA (ISA) (51% / and Colombia) transfer 8 Brazil Forca Eolica Rio Construction Electricity Greenfield Build, 832.7 MW 108 Iberdrola SA (70% / Grande do Norte generation project own, Spain), Previ (24% / Wind Parks and Brazil) operate 23 9 Brazil Renova Energia Alto Construction Electricity Greenfield Build, 717.2 MW 362.6 Renova Energia S.A. Sertao II Wind Farm generation project own, (100% / Brazil) and operate 10 Brazil Santo Antonio do Construction Electricity Greenfield Build, 512.3 MW 373.4 EDP Renovaveis Jari Hydro Power generation project operate, (100% / Portugal) Plant and transfer 11 Brazil Alusa Ferreira Construction Electricity Greenfield Build, 466 MW 252 Alusa (100% / Brazil) Gomes HPP generation project operate, and transfer 12 Brazil Triunfo Garibaldi Construction Electricity Greenfield Build, 428.1 MW 178 Triunfo (100% / Brazil) HPP generation project operate, and transfer 13 Brazil Brasventos Rio Construction Electricity Greenfield Build, 378.2 MW 165.7 J. Malucelli Grande do Norte generation, project own, Construtora de Obras Wind Farm Electricity and LTDA (51% / Brazil) transmission operate 14 Brazil Energisa Construction Electricity Greenfield Build, 364.6 MW 150 Grupo Energisa (100% Renascenca Wind generation project own, / Brazil) Farm and operate 15 Brazil Maranhao III Construction Electricity Greenfield Build, 306.8 MW 499 EBX Capital Partners Thermal Power Plant generation project own, (100% / Brazil) and operate 16 Brazil Tractebel's Trairi Construction Electricity Greenfield Build, 265 MW 115.4 SUEZ (100% / France) Wind Park generation project own, and operate 24 17 Brazil Chesf-Brennand Operational Electricity Greenfield Build, 214.5 MW 90 Brennand (51% / Sento Se Wind generation project own, Brazil), Chesf (49% / Farms and Brazil) operate 18 Brazil Santana do Construction Electricity Greenfield Build, 208.6 MW 78 Rio Bravo Energia Livramento Wind generation project own, (41% / Brazil) Farm and operate 19 Brazil CPFL Renovaveis Construction Electricity Greenfield Build, 184.9 MW 125 CPFL Energia (64% / Bio Alvorada & Bio generation project own, Brazil), Ersa (36% / Coopcana Biomass and Brazil) Plants operate 20 Brazil Enel's Cristal Wind Construction Electricity Greenfield Build, 182.3 MW 90 Enel SpA (100% / Farm generation project own, Italy) and operate 21 Brazil Caetite Wind Farm Construction Electricity Greenfield Build, 182.3 MW 60 Iberdrola SA (70% / generation project own, Spain), Previ (24% / and Brazil) operate 22 Brazil Goias Transmissao Construction Electricity Greenfield Build, 180.6 KM 259 J. Malucelli transmission project operate, Construtora de Obras and LTDA (31% / Brazil), transfer Jackson Empreendimentos Ltda (20% / Brazil) 23 Brazil Pernambuco III Construction Electricity Greenfield Build, 180 MW 200.8 Bolognesi Group (87% Thermal Power Plant generation project own, / Brazil) and operate 24 Brazil Jatai Thermal Power Operational Electricity Greenfield Build, 179.1 MW 105 Cosan SA (100% / Plant generation project own, Brazil) and 25 operate 25 Brazil CPFL Renovaveis Construction Electricity Greenfield Build, 152.3 MW 78.2 CPFL Energia (64% / Rio Grande do Norte generation project own, Brazil), Ersa (37% / Wind Park and Brazil) operate 26 Brazil MGE Transmissao Construction Electricity Greenfield Build, 143.8 KM 258 J. Malucelli transmission project operate, Construtora de Obras and LTDA (20% / Brazil), transfer Jackson Empreendimentos Ltda (31% / Brazil) 27 Brazil Linhas de Construction Electricity Greenfield Build, 137.2 KM 162 Cobra Group (100% / Transmissao de transmission project operate, Spain) Montes Claros and transfer 28 Brazil J. Malucelli Energia Operational Electricity Greenfield Build, 124.9 MW 76.1 J. Malucelli SHPPs generation project operate, Construtora de Obras and LTDA (100% / Brazil) transfer 29 Brazil Dunas do Paracuru Operational Electricity Greenfield Build, 92 MW 42 Ventos Brasil Wind Power Plant generation project own, Comercio e and Representacoes LTDA operate (60% / Brazil), Inversiones Teneria (40% / Spain) 30 Brazil BEN Alagoas Operational Electricity Greenfield Build, 79.8 MW 53 Bolognesi Group Biomass Plant generation project own, (100% / Brazil) and operate 31 Brazil Barra dos Coqueiros Operational Electricity Greenfield Build, 62.5 MW 30 Jackson Wind Power Plant generation project own, Empreendimentos and Ltda (56% / Brazil), SN 26 operate Power (39% / Norway), Small local investors (5% / ..) 32 Brazil Salto Goes Small Operational Electricity Greenfield Build, 58.3 MW 20 CPFL Energia (64% / Hydro Power Plant generation project operate, Brazil), Ersa (37% / and Brazil) transfer 33 Brazil ETVG - Empresa de Operational Electricity Greenfield Build, 44.6 KM Not Alusa (100% / Brazil) Transmissao de transmission project operate, Available Varzea Grande and transfer 34 Brazil Empresa Santos Operational Electricity Greenfield Build, 44.6 KM Not Alusa (100% / Brazil) Dumont de Energia transmission project operate, Available and transfer 35 Brazil Encruzo Novo Operational Electricity Greenfield Build, 43.1 KM 240 Elecnor (100% / Transmissora de transmission project operate, Spain) Energia and transfer 36 Brazil Ze Tunin Small Operational Electricity Greenfield Build, 35.9 MW 8 Grupo Energisa (100% Hydro Power Plant generation project operate, / Brazil) and transfer 37 Brazil Atlantico - Construction Electricity Greenfield Build, 35.1 KM 79 CME Construcao e Concessionaria de transmission project operate, Manutencao Transmissao de and Electromecanica Energia do Brasil transfer (100% / Portugal) 38 Brazil Rio Sirinhaem Operational Electricity Greenfield Build, 25.3 MW 6.5 Grupo Cornelio Energia Small Hydro generation project operate, Brennand (70% / Power Plants and Brazil), Klobtiz Ltda transfer (30% / Brazil) 27 39 Brazil Pioneiros II Thermal Construction Electricity Greenfield Build, 6.2 MW 50 Pioneiros Bioenergia Power Plant generation project own, (100% / Brazil) and operate 40 Brazil Rio Bonito Energia Operational Electricity Greenfield Build, 0 MW 4.2 Rio Bonito Energia generation project operate, (100% / Brazil) and transfer 41 Chile Pattern - El Arrayan Construction Electricity Greenfield Build, 245 MW 115 AEI (..% / United Wind Project generation project own, States), Antofagasta and PLC (..% / Chile) operate 42 Chile Ingenostrum - Construction Electricity Greenfield Build, 215 MW 77 Ingenostrum (100% / Laberinto Este PV generation project own, Spain) and operate 43 Chile SoWiTec Valle De Construction Electricity Greenfield Build, 140 MW 90 Enel SpA (100% / Los Vientos Wind generation project own, Italy) Farm and operate 44 Chile Sky Solar 18MW PV Construction Electricity Greenfield Build, 75 MW 18 Sky Solar (100% / generation project own, China) and operate 45 Chile Endesa - Piruquina Construction Electricity Greenfield Build, 24 MW 7.3 Endesa (Chile) (100% Small Hydro generation project own, / Chile) and operate 46 Chile Abengoa CSP - El Construction Electricity Greenfield Build, 12 MW 12 Antofagasta PLC Tesoro generation project own, (100% / Chile) and operate 28 47 Mexico Macquarie Marena Construction Electricity Greenfield Build, 1006 MW 396 Macquarie Wind Farm generation project own, Infrastructure Group and (MIG) (..% / Australia) operate 48 Mexico ENEL Bee Nee Stipa Operational Electricity Greenfield Build, 320 MW 144 Enel SpA (100% / II&III generation project own, Italy) and operate 49 Nicaragua Globaleq - Eolo Wind Construction Electricity Greenfield Build, 116 MW 44 Globeleq (100% / Project generation project own, United Kingdom) and operate 50 Nicaragua Inversiones Construction Electricity Greenfield Build, 14 MW 5 Inversiones Electricas Hidroelectricas SA - generation project own, SA (100% / Nicaragua) Small Hydro and operate 51 Peru Inkia - Cerro del Construction Electricity Greenfield Build, 905 MW 510 Israel Corp. (75% / Aguila generation project own, Israel) and operate 52 Peru AEI - Fenix IPP Construction Electricity Greenfield Build, 904 MW 530 AEI (88% / United generation project own, States) and operate 53 Peru Conduit Construction Electricity Greenfield Build, 210 MW 40 Conduit Capital Panamericana/Tacna generation project own, Partners LLC (81% / Solar Plant and United States) operate 54 Uruguay IMPSA Libertador I Construction Electricity Greenfield Build, 2177 MW 64.7 Impsa (100% / Wind Farm generation project own, Argentina) and operate 29 55 Uruguay Abengoa - Palmaitir Construction Electricity Greenfield Build, 144 MW 50 Abengoa (100% / Wind Farm generation project own, Spain) and operate Middle East & North Africa Country Project name Project Segment Type of Subtype Investment Capacity Capacity Sponsor status PPI of PPI commitment type (US$ millions) 1 Morocco Ouarzazate Solar Construction Electricity Greenfield Build, 1438 MW 160 ACWA Power (85% Phase I generation project operate, / Saudi Arabia) and transfer 2 Morocco ADWEA - Jorf Construction Electricity Greenfield Build, 1400 MW 700 Abu Dhabi National Lasfar IPP generation project own, and Energy Company operate (TAQA) (100% / United Arab Emirates) 3 Morocco Nareva Tarfaya Construction Electricity Greenfield Build, 467 MW 300 International Power Wind Farm generation project own, and (50% / United operate Kingdom), Nareva Holdings (50% / Morocco) 4 Jordan AES - Diesel IPP Construction Electricity Greenfield Build, 350 MW 240 AES Corporation generation project own, and (60% / United operate States), Mitsui (40% / Japan) 30 South Asia Country Project name Project Segment Type of Subtype Investment Capacity Capacity Sponsor status PPI of PPI commitment type (US$ millions) 1 Bangladesh Munshiganj Mawa Construction Electricity Greenfield Build, 578.9 MW 522 Long King (50% / Orion-Long King generation project own, and China), Orion coal-fired plant operate Group (50% / Bangladesh) 2 Bangladesh Haripur Marubeni Construction Electricity Greenfield Build, 370 MW 360 Marubeni combined cycle generation project operate, Corporation (100% plan and / Japan) transfer 3 Bangladesh Meghnaghat II Construction Electricity Greenfield Build, 300 MW 450 Summit Industrial Power Plant generation project own, and and Mercantile operate Corp. (50% / Bangladesh), General Electric (50% / United States) 4 Bangladesh Hosaf Fenchugonj Operational Electricity Greenfield Rental 59.2 MW 50 Hosaf Group (100% Rental Power generation project / Bangladesh) Plant 5 Bangladesh Fujian Keraniganj Operational Electricity Greenfield Build, 59.2 MW 50 Fujian Longking HFO Power Plant generation project own, and Company (50% / operate China), Maisha Group (50% / Bangladesh) 6 Bangladesh Midland Ashuganj Construction Electricity Greenfield Build, 32 MW 51 Viyellatex Group Natural Gas Plant generation project operate, (50% / and Bangladesh), Youth Group (50% / 31 transfer Bangladesh) 7 Bangladesh Acorn Juldah Operational Electricity Greenfield Rental 23.7 MW 100 Acorn Infrastructure HFO Rental generation project Services (100% / Power Plant United Kingdom) 8 India Jas Infrastructure Construction Electricity Greenfield Build, 1384.7 MW 1320 Abhijeet Group and Power generation project own, and (100% / India) Limited operate 9 India Western UP Construction Electricity Greenfield Build, 941 KM 863 Cobra Group (84% Power transmission project operate, / Spain) Transmission and Company Limited transfer 10 India Maharashtra Construction Electricity Greenfield Build, 882.3 KM 1290 Adani Group (74% / Eastern Grid transmission project operate, India) Power and Transmission transfer Company Limited 11 India Rajasthan Sun Construction Electricity Greenfield Build, 368.3 MW 100 Reliance ADA Technique Energy generation project own, and Group (100% / Private Limited operate India) 12 India Shirpur Power Construction Electricity Greenfield Build, 329.9 MW 300 Sintex Industries Private Limited generation project own, and Limited (100% / operate India) 13 India Bhopal Dhule Construction Electricity Greenfield Build, 320.2 KM 990 Vedanta Resources Transmission transmission project operate, Plc (100% / United Company Limited and Kingdom) transfer 14 India Bothe Windfarm Construction Electricity Greenfield Build, 244.7 MW 174.6 Continuum Wind Development generation project own, and Energy (100% / Private Limited operate Singapore) 32 15 India Jabalpur Construction Electricity Greenfield Build, 218.5 KM 610 Vedanta Resources Transmission transmission project operate, Plc (100% / United Company Limited and Kingdom) transfer 16 India Tadas Wind Operational Electricity Greenfield Build, 218.5 MW 200.8 Infrastructure Energy Limited generation project own, and Leasing & Financial operate Services (IL&FS) (100% / India) 17 India Beta Wind Farm Operational Electricity Greenfield Merchant 198 MW 156 Shriram Group (Tamil Nadu) generation project (100% / India) Private Limited 18 India Beta Wind Farm Construction Electricity Greenfield Build, 183.4 MW 144 Shriram Group (Gujarat & generation project own, and (100% / India) Andhra) Private operate Limited 19 India Godavari Naukh Construction Electricity Greenfield Build, 148.9 MW 50 Godavari Power & CSP Solar Plant generation project own, and Ispat Limited (100% operate / India) 20 India Nagai Power Construction Electricity Greenfield Merchant 143.7 MW 150 KVK Energy Private Private Limited generation project Ltd. (100% / India) 21 India MEIL Green Construction Electricity Greenfield Build, 134.7 MW 50 Megha Engineering Power (Anantpur) generation project own, and & Infrastructures Limited 50MW operate Limited (100% / CSP India) 22 India NuPower Operational Electricity Greenfield Build, 133.1 MW 100.5 NuPower Renewables generation project own, and Renewables (Tirunelvelli) operate Limited (100% / Windfarm India) 100.5MW 23 India Rayala Wind Construction Electricity Greenfield Build, 120.5 MW 100.8 Greenko Group Power Company generation project own, and (100% / India) 33 Private Limited operate 24 India CLP (Jaisalmer) Construction Electricity Greenfield Build, 120 MW 102.4 China Light and Windfarm generation project own, and Power Ltd. (100% / 102.4MW operate Hong Kong, China) 25 India Fortune Five Construction Electricity Greenfield Build, 114.3 MW 100.8 Greenko Group Hydel Projects generation project own, and (100% / India) Private Limited operate 26 India Torrent Sangli Construction Electricity Greenfield Build, 97.5 MW 75 Torrent Group 75MW Windfarm generation project own, and (100% / India) operate 27 India NSL Wind Power Construction Electricity Greenfield Build, 96.4 MW 75 NSL Sugars Company (Satara) generation project own, and Limited (100% / Private Limited operate India) 28 India Welspun Energy Operational Electricity Greenfield Build, 90 MW 50 Welspun Energy Jodhpur Solar generation project own, and Limited (100% / Project 50MW operate India) 29 India Tata Mithapur Operational Electricity Greenfield Build, 78.2 MW 25 Tata Enterprises Solar Plant generation project own, and (100% / India) operate 30 India SLREPL 25 MW Operational Electricity Greenfield Build, 72.7 MW 25 Moser Baer India Banskantha Solar generation project own, and Limited (100% / Project operate India) 31 India Mytrah Vayu Operational Electricity Greenfield Build, 72.6 MW 63 Caparo Group (Pennar) Private generation project own, and (100% / United Limited operate Kingdom) 32 India Bhilwara Green Operational Electricity Greenfield Build, 59.6 MW 49.5 LNJ Bhilwara Energy generation project own, and Group (100% / Limited_49.5MW operate India) Windfarm 34 33 India ReNew Wind Operational Electricity Greenfield Build, 59.2 MW 45 Renew Power Energy (Vashpet) generation project own, and Limited (100% / Windfarm operate India) 34 India Bindu Vayu Urja Operational Electricity Greenfield Build, 58.7 MW 52.5 Caparo Group (Jamanvada) generation project own, and (100% / United Private Limited operate Kingdom) 35 India GMR Charanka Operational Electricity Greenfield Build, 56.1 MW 25 GMR Group (100% Solar Plant 25MW generation project own, and / India) operate 36 India Torrent Jamnagar Operational Electricity Greenfield Build, 54.6 MW 49.6 Torrent Group Windfarm_49.6 generation project own, and (100% / India) MW operate 37 India ReNew Wind Construction Electricity Greenfield Build, 52.2 MW 50.4 Renew Power Energy generation project own, and Limited (100% / (Karnataka) operate India) Private Limited 38 India SEI Solar Power Construction Electricity Greenfield Build, 50.6 MW 20 SunEdison LLC Jodhpur Solar generation project own, and (..% / United Project operate States), CHINT Group (..% / China) 39 India NSL Wind Power Operational Electricity Greenfield Build, 49.4 MW 49.5 NSL Sugars Company generation project own, and Limited (100% / (Phoolwadi) operate India) Private Limited 40 India Essel MP Energy Construction Electricity Greenfield Build, 39.1 MW 20 Essel Group (100% Limited generation project own, and / India) operate 41 India Moser Baer Operational Electricity Greenfield Build, 34.8 MW 15 Moser Baer India (Porbandar) Solar generation project own, and Limited (100% / Project operate India) 35 42 India BLP Wind Project Operational Electricity Greenfield Build, 33.2 MW 26.2 Bharat Light and (Amberi) Private generation project own, and Power (100% / Limited operate India) 43 India Bindu Vayu Urja Operational Electricity Greenfield Build, 32.9 MW 39 Caparo Group (Chakala) Private generation project own, and (100% / United Limited operate Kingdom) 44 India ReNew Wind Construction Electricity Greenfield Build, 31.6 MW 25.5 Renew Power Energy generation project own, and Limited (100% / (Varekarwadi) operate India) Private Limited 45 India Vaayu Renewable Construction Electricity Greenfield Build, 30.9 MW 28 Vaayu Renewable Energy generation project own, and Energy (Mahanadi) (Mahanadi) operate (100% / India) Private Limited 46 India Green Infra Construction Electricity Greenfield Build, 28.7 MW 25.5 Green Infra Wind (Theni) Wind generation project own, and Energy Limited Energy Limited operate (100% / India) 25.5MW 47 India ReNew Wind Operational Electricity Greenfield Build, 26.3 MW 25.2 Renew Power Energy (Rajkot) generation project own, and Limited (100% / Private Limited operate India) 48 India Green Infra Construction Electricity Greenfield Build, 21.4 MW 18 Green Infra Wind (Satara) Wind generation project own, and Energy Limited Energy Limited operate (100% / India) 18MW 49 India Sunborne Energy Construction Electricity Greenfield Build, 9.9 MW 5 SunBorne Energy Rajasthan Solar generation project own, and Services India Private Limited operate Private Limited (100% / India) 50 India Bindu Vayu Urja Operational Electricity Greenfield Build, 0 MW 96.6 Caparo Group (Kaladonger) generation project own, and (100% / United 36 Private Limited operate Kingdom) 51 India Mytrah Energy Construction Electricity Greenfield Build, 0 MW 37.4 Caparo Group Limited- 37.4MW generation project own, and (100% / United Burgula Windfarm operate Kingdom) 52 India Mytrah Energy Construction Electricity Greenfield Build, 0 MW 100.3 Caparo Group Limited- 100.3MW generation project own, and (100% / United Savalsang operate Kingdom) Windfarm 53 Nepal Green Ventures Construction Electricity Greenfield Build, 262.9 MW 120 LNJ Bhilwara Likhu IV HPP generation project operate, Group (..% / India), and Triveni Group (..% / transfer Nepal) 54 Pakistan K-Water Star Construction Electricity Greenfield Build, 436 MW 147 Korea Water Patrind HPP generation project operate, Resources and Corporation (80% / transfer Korea, Rep.), Others (20% / ..) 55 Pakistan Zorlu Sindh Wind Construction Electricity Greenfield Build, 158.7 MW 56.4 Zorlu Holding AS Farm generation project own, and (100% / Turkey) operate 56 Pakistan Fauji Kuttikun II Construction Electricity Greenfield Build, 135 MW 50 Fauji Foundation Wind Farm generation project own, and (55% / Pakistan), operate Tapal Group (20% / Pakistan) 57 Pakistan Fauji Kuttikun I Construction Electricity Greenfield Build, 135 MW 50 Fauji Foundation Wind Farm generation project own, and (65% / Pakistan) operate 58 Pakistan Tapal/Fauji Gharo Construction Electricity Greenfield Build, 126.5 MW 50 Fauji Foundation Wind Farm generation project own, and (..% / Pakistan), operate Tapal Group (..% / 37 Pakistan) 59 Pakistan Yunus Jhampir Construction Electricity Greenfield Build, 70 MW 50 Yunus Brothers Wind Farm generation project own, and (100% / Pakistan) operate 60 Pakistan Fauji Jhampir I Construction Electricity Greenfield Build, 66.5 MW 49.5 Fauji Foundation Wind Farm generation project own, and (0% / Pakistan), operate Tapal Group (..% / Pakistan) 61 Pakistan Fauji Jamphir II Construction Electricity Greenfield Build, 66.5 MW 50 Fauji Foundation Wind Farm generation project own, and (0% / Pakistan), operate Tapal Group (..% / Pakistan) 62 Pakistan SSJD Sindh Construction Electricity Greenfield Build, 16.7 MW 12 SSJD Group (..% / Biomass Plant generation project own, and United States) operate 63 Sri Lanka Renewgen Construction Electricity Greenfield Build, 29 MW 10 RenewGEN Kaduwela generation project own, and Ventures (95% / Biomass Plant operate India) 64 Sri Lanka Daily Life Kalpitiya Operational Electricity Greenfield Build, 16.8 MW 10 Daily Life Wind Farm generation project own, and Renewable Energy operate (DLRE) (100% / Singapore) 65 Sri Lanka Powergen Operational Electricity Greenfield Build, 14 MW 10.5 Windforce Private Uppudaluwa Wind generation project own, and Limited (90% / Sri Farm operate Lanka), Others (10% / ..) 66 Sri Lanka Aitken Ambewala Operational Electricity Greenfield Build, 3 MW 3 Aitken Spence & Wind Farm generation project own, and Company Ltd. operate (100% / Sri Lanka) 38 67 Sri Lanka PDL Koladeniya Operational Electricity Greenfield Build, 1.2 MW 1.2 Bank of Ceylon SHPP generation project own, and (100% / Sri Lanka) operate Note: .. denotes missing data; N/A means not applicable. Investment commitments include payments to the government and investment in physical assetsI 39