22
Prof. George Angelow President and CEO investment program is member of Lions Club, Paris east electric company, LLC. 242 Concord Rd., Wayland, Mass. 01778, U.S.A. ph. 1-781-244-8672 e-mail: boston @ eec . us . com European Compliance Office: 20 Felix Kaniz St., Sofia 1606, Bulgaria Ph/e fax: +359-2-852-4564 e-mail: [email protected]

Prof. George Angelow President and CEO investment program is member of Lions Club, Paris e ast e lectric c ompany, LLC. 242 Concord Rd., Wayland, Mass

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Page 1: Prof. George Angelow President and CEO investment program is member of Lions Club, Paris e ast e lectric c ompany, LLC. 242 Concord Rd., Wayland, Mass

Prof George AngelowPresident and CEO

investment program

is member of Lions Club Paris

east electric company LLC242 Concord Rd Wayland Mass 01778 USAph 1-781-244-8672 e-mail bostoneecuscom

European Compliance Office

20 Felix Kaniz St Sofia 1606 Bulgaria Phefax +359-2-852-4564 e-mail eueecuscom

Company ProfileCompany Profileeast electric company (eec) is the name of two entities in both countries the United States Washington DC and Bulgaria They were chartered as engineering and financial advisors for development of power production on renewables on the first place energy from municipal solid waste and also wind farms run-of-river hydro-power generation and photo voltage solar plants

The advantages and major benefits of Energy Waste investment program include Production of electricity from municipal solid waste Production of potable water Metals plastics glass ceramics paper recycling Ash recycling Sorted waste or non-sorted waste processing Near zero emissions No cost feedstock - tipping fees actually add to revenues Feedstock flexibility Reduced need for landfill space Adding value to local economy

eec proposes an integrated project including a pre-treatment of waste with the aim of separating recycle components from the non-recyclable ones and separating component for compost and components for burning and generating power

waste2powerThis is the field of our most overgrowth for some time past and the line of projects where we invest hundred of million dollars own and syndicated funds It is our mandatory practice to line up behind the municipality of the towns of the projects

east electric company is the operator providing to its local partner the Municipality all instrumentsmdashengineering design capital goods training operation and meets the local cost of the investment project for the mutuality of benefit of the partnership

Project ConceptProject Concept

Recycling System

System

east electric company proposes an integrated project including a pre-treatment of waste with the aim of separating recycle components from the non-recyclable ones and separating component for compost and components for burning and generating power

Waste IncinerationEnergy

Generation

City Municipality Project Guarantor - Municipality Servicing Bank

Project Company Project Lenders against eecrsquos assets pledgedsecurities and insurance polices

Contracting Parties Turnkey construction contractor Subcontractors equipment suppliers Power purchaser Power-grid operator Fuelwastefeedstock suppliers

Operator - JV Co chartered by eec amp Municipality

Complex system which involvesComplex system which involves

Contractual StructureContractual StructureContractual Structure (1st stage)Contractual Structure (1st stage)

Order

Letter ofIndemnity

Bank Guarantees

Contract

1st

1st

AdvancePayment

Credit Bank

National Bank

Municipality

USManufacturer

Subcontractor

Contractual Structure (2nd stage)Contractual Structure (2nd stage)

2nd

2nd

Land

Concession

Equipment Maintenance

Application

OrderFinalSettlement

Joint Venture

Order

Letter ofIndemnity

Bank Guarantees

Contract

1st

1st

AdvancePayment

Credit Bank

National Bank

Municipality

USManufacturer

Subcontractor

Contractual Structure (3rd stage)Contractual Structure (3rd stage)

2nd

2nd

Land

Concession

Equipment Maintenance

Application

OrderFinalSettlement

Services Cash

Costs

Repayment

Payments

Dividends

Dividends

Joint Venture

Power Purchaser

Fuel Supplier

Order

Letter ofIndemnity

Bank Guarantees

Contract

1st

1st

AdvancePayment

Credit Bank

National Bank

Municipality

USManufacturer

Subcontractor

FinancingStages bull 1st bull 2nd bull 3rd

Site preparations

Construction

bull Project background screening

bull Engineering designbull Financial projectbull Advance manufacturing equipmentbull Final settlement equipmentbull Construction of shop-plantbull Current cost of waste

disposalbull Availability and cost of

disposal alternativesbull Renewable car park and waste bins

bull Screening of the existing situation and waste types assessment

bull Site infrastructure approval

bull Zero cycle of equipment amp shop installment

bull Utility interconnectionsbull Ash disposal capacitybull Waste supply

commitmentsbull Operative landfill for 3-

day waste collection

bull Engineeringbull Equipment purchasebull Shop construction

east electric company Engagements

Assignment of the job to eec (by mean of the Memorandum) Granting licenses (through concession agreement) Securing the project background screening amp engineering

design (by 1st bank guarantee ndash 16 -20 of the investment) Supervising the process of implementation (as a 20-shareholder

in the Operator JV-Company) Supervising operation management and

maintenance (by means of the monthly payments for the service) Undertaking of projectrsquos service purchase

obligations to secure returns (by 2nd bank guarantee ndash 100 of the investment)

Role of the MunicipalityRole of the Municipality

Sorting line and Baler

Reduce waste stream by 20

Additional sorting equipment

Removes 45 of waste stream Adds composting

Reduces waste stream another

10

ROTARY CASCADING BED COMBUSTOR

Description Of Proposed TechnologyDescription Of Proposed Technology

Reduce entire waste stream to an ash for Composting Land reclamation

Concrete manufacturing

NEW UNIQUE DESIGN

Clean combustion ofdiverse fuels and wastes ranging from high sulfur coals to municipalsolid wastes

Over 3500 hours of boilerGasification Technology

ROTARY CASCADING BED COMBUSTOR

Four-phased approach to building a Waste to Energy Material Recovery Facility

Capacity ranging 80000 up to 100000 Lday

The water pretreatment and purification process include UV sterilization water ozonation deionization reverse osmosis and water distillers

east electric company customize the specific design select the right equipment and construct the potable water shop

In addition to the waste to power plant a potable water bottling equipment system may be constructed in order to produce high quality water

Potable Water Bottling PlantPotable Water Bottling Plant

Commercial Risks Construction risks - 0 Operating risks depends on managers

Fuel risks - 0 Market risks - 0 Currency related risks - 0 Environmental risks - 0

Political risks Adverse changes in law Inflation Expropriation

Identifying local legal risks

Choice of law

Government guarantees

Currency convertibility

Changes in taxes and duties

Force majeure

Country risk Adequacy of national regulatory framework

Overview of various risksOverview of various risks

Project FinancingProject FinancingThe Project Financing is an eecrsquos obligation as Financial Advisor

The Investorrsquos Project Financing must be secured by the local administration ndash government or as usually munici-pality that assign the service and acquire social effect for their people and eco-environment improvement for thewhole people of the world

GuaranteesThe waste treatment projects usually require comprehensive environmental study- long-term screening of the waste collection transport and landfill engineering design and financial project plus cash down prepayment prior to order and supply the equipment and build the shop 1 Financing Guarantee Secure the Investorrsquos preliminary expenses in 16 ndash 20 of

the Project value2 Equity Guarantee Secure 100 of the equipment and other acquisitions ndash the ownership and the conditions of right operation that returns the investment with the interests and earns the planed profit

Requirements to Sponsor (Investor) for Provision of Project Financing(General accepted rules)

Specific know-how and experience of Sponsor

Strong commitment of Sponsor contribution of own funds of at least 15-30 of total Investment

Sound financial structure with adequate risk sharing between parties Sponsor holds majority in Project Company or has at least major influence on decision-making

Project implementation and operation phases are supervised by Sponsor

Sponsor is involved in management of Project Company

Financially viable project

Proven technology

Sponsor InvestorSponsor Investor

Requirements to Municipality (Government) for Provision of Guarantees(Particular required rules for municipal waste collection amp utilization)

1st Financing Bank Guarantee Letter of Indemnity issue to its Servicing Bank or to Municipality Bank or through these banks to Central Bank as security and application to issue Bank Guarantee certifying whereby its promise and recognizance to pay the noted amount if the Beneficiary fails to do that on specified dates

Municipality GovernmentMunicipality Government

2nd Equity Guarantee (i) Contract stipulating supply of equipment and operation and (ii) Pledge of said Equipment for the benefit of Issuing Bank on each stage single completed of development of the Project

NOTE In case the Municipality is not in a position to guarantee its Project eec may arrange for and provide a sponsor to do so or involve its own security for the bene- fit of the Project Company on venture-capital investment bases This will expensive the Projectmdashthe initial fees and operating costs

The typical amount of net energy that can be produced per ton of municipal waste is about 067 MWh of electricity Thus about 600 tons per day of waste will produce about 17 MW of electrical power each day through combustion

Benefits and costsBenefits and costs

1 ton of municipal waste 067 MWh of electricity

A new direction in Public-Private Investment Partnership forging constructive cost effective and environmentally sound alliances between government and industry for

bull The comprehensive management and reuse of municipal and industrial waste

bull The clean efficient utilization of high sulfur and waste goals with non-recyclable spent resources in the generation of industrial power both process steam and co generated electricity

BenefitsBenefits

bull No increased waste disposal costs for the taxpayer A community can have a comprehensive waste management system including minimization recycling reuse waste to energy and landfill reduction elements at cost competitive with those of unacceptable mass collectionlandfill disposal operations

bull Up to 70 diversion of materials from landfills with the productive use of those diverted materials first in reuse needs and secondly through clean waste to energy applications

bull Almost total diversion rates with the conversion of composts ashes sewer sludges and yard wastes into natural fertilizers

bull Increased industrial competitiveness ndash preserves and protects jobs

Municipal amp Community BenefitsMunicipal amp Community Benefits

bull Industry can continue to burn lower cost regional coals including waste grades

bull Energy costs can be lowered through the use of ldquothrow-awayrdquo wastes as productive fuels

bull Continued low energy costs protect competitiveness and jobs

bull Proof that a cleaner environment can economically coexist with continuing low industrial energy costs

Industry BenefitsIndustry Benefits

bull Reduce land contamination Practical and affordable recycling and reuse programs will keep a high proportion of waste out of landfills Substantially lower dependence on landfills

bull Reduce air contaminationbull Protect resources Productive reuse of waste resources means lower rate of use of

new resources bull From maximizing the economic use of spent resources to clean utilization of the

huge supplies of problem amp waste coals industrialmunicipal economics and the environment become friendlier rather than increasingly adversarial

bull Promote natural fertilizers to replace chemical based ones Combine yard wastes ashes composts and sewage sludges with nutrients to produce natural fertilizers fills and soil extenders

Environmental Benefits

east electric company LLC

Our whole experience is at your service We hope you will make use of it We should appreciate the opportunity of showing how efficiently we can serve you If we can answer any questions we shall be glad to do so

Thank you for your time

  • Slide 1
  • Slide 2
  • Slide 3
  • Slide 4
  • Slide 5
  • Slide 6
  • Slide 7
  • Slide 8
  • Slide 9
  • Slide 10
  • Slide 11
  • Slide 12
  • Slide 13
  • Slide 14
  • Slide 15
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  • Slide 21
  • Slide 22
Page 2: Prof. George Angelow President and CEO investment program is member of Lions Club, Paris e ast e lectric c ompany, LLC. 242 Concord Rd., Wayland, Mass

Company ProfileCompany Profileeast electric company (eec) is the name of two entities in both countries the United States Washington DC and Bulgaria They were chartered as engineering and financial advisors for development of power production on renewables on the first place energy from municipal solid waste and also wind farms run-of-river hydro-power generation and photo voltage solar plants

The advantages and major benefits of Energy Waste investment program include Production of electricity from municipal solid waste Production of potable water Metals plastics glass ceramics paper recycling Ash recycling Sorted waste or non-sorted waste processing Near zero emissions No cost feedstock - tipping fees actually add to revenues Feedstock flexibility Reduced need for landfill space Adding value to local economy

eec proposes an integrated project including a pre-treatment of waste with the aim of separating recycle components from the non-recyclable ones and separating component for compost and components for burning and generating power

waste2powerThis is the field of our most overgrowth for some time past and the line of projects where we invest hundred of million dollars own and syndicated funds It is our mandatory practice to line up behind the municipality of the towns of the projects

east electric company is the operator providing to its local partner the Municipality all instrumentsmdashengineering design capital goods training operation and meets the local cost of the investment project for the mutuality of benefit of the partnership

Project ConceptProject Concept

Recycling System

System

east electric company proposes an integrated project including a pre-treatment of waste with the aim of separating recycle components from the non-recyclable ones and separating component for compost and components for burning and generating power

Waste IncinerationEnergy

Generation

City Municipality Project Guarantor - Municipality Servicing Bank

Project Company Project Lenders against eecrsquos assets pledgedsecurities and insurance polices

Contracting Parties Turnkey construction contractor Subcontractors equipment suppliers Power purchaser Power-grid operator Fuelwastefeedstock suppliers

Operator - JV Co chartered by eec amp Municipality

Complex system which involvesComplex system which involves

Contractual StructureContractual StructureContractual Structure (1st stage)Contractual Structure (1st stage)

Order

Letter ofIndemnity

Bank Guarantees

Contract

1st

1st

AdvancePayment

Credit Bank

National Bank

Municipality

USManufacturer

Subcontractor

Contractual Structure (2nd stage)Contractual Structure (2nd stage)

2nd

2nd

Land

Concession

Equipment Maintenance

Application

OrderFinalSettlement

Joint Venture

Order

Letter ofIndemnity

Bank Guarantees

Contract

1st

1st

AdvancePayment

Credit Bank

National Bank

Municipality

USManufacturer

Subcontractor

Contractual Structure (3rd stage)Contractual Structure (3rd stage)

2nd

2nd

Land

Concession

Equipment Maintenance

Application

OrderFinalSettlement

Services Cash

Costs

Repayment

Payments

Dividends

Dividends

Joint Venture

Power Purchaser

Fuel Supplier

Order

Letter ofIndemnity

Bank Guarantees

Contract

1st

1st

AdvancePayment

Credit Bank

National Bank

Municipality

USManufacturer

Subcontractor

FinancingStages bull 1st bull 2nd bull 3rd

Site preparations

Construction

bull Project background screening

bull Engineering designbull Financial projectbull Advance manufacturing equipmentbull Final settlement equipmentbull Construction of shop-plantbull Current cost of waste

disposalbull Availability and cost of

disposal alternativesbull Renewable car park and waste bins

bull Screening of the existing situation and waste types assessment

bull Site infrastructure approval

bull Zero cycle of equipment amp shop installment

bull Utility interconnectionsbull Ash disposal capacitybull Waste supply

commitmentsbull Operative landfill for 3-

day waste collection

bull Engineeringbull Equipment purchasebull Shop construction

east electric company Engagements

Assignment of the job to eec (by mean of the Memorandum) Granting licenses (through concession agreement) Securing the project background screening amp engineering

design (by 1st bank guarantee ndash 16 -20 of the investment) Supervising the process of implementation (as a 20-shareholder

in the Operator JV-Company) Supervising operation management and

maintenance (by means of the monthly payments for the service) Undertaking of projectrsquos service purchase

obligations to secure returns (by 2nd bank guarantee ndash 100 of the investment)

Role of the MunicipalityRole of the Municipality

Sorting line and Baler

Reduce waste stream by 20

Additional sorting equipment

Removes 45 of waste stream Adds composting

Reduces waste stream another

10

ROTARY CASCADING BED COMBUSTOR

Description Of Proposed TechnologyDescription Of Proposed Technology

Reduce entire waste stream to an ash for Composting Land reclamation

Concrete manufacturing

NEW UNIQUE DESIGN

Clean combustion ofdiverse fuels and wastes ranging from high sulfur coals to municipalsolid wastes

Over 3500 hours of boilerGasification Technology

ROTARY CASCADING BED COMBUSTOR

Four-phased approach to building a Waste to Energy Material Recovery Facility

Capacity ranging 80000 up to 100000 Lday

The water pretreatment and purification process include UV sterilization water ozonation deionization reverse osmosis and water distillers

east electric company customize the specific design select the right equipment and construct the potable water shop

In addition to the waste to power plant a potable water bottling equipment system may be constructed in order to produce high quality water

Potable Water Bottling PlantPotable Water Bottling Plant

Commercial Risks Construction risks - 0 Operating risks depends on managers

Fuel risks - 0 Market risks - 0 Currency related risks - 0 Environmental risks - 0

Political risks Adverse changes in law Inflation Expropriation

Identifying local legal risks

Choice of law

Government guarantees

Currency convertibility

Changes in taxes and duties

Force majeure

Country risk Adequacy of national regulatory framework

Overview of various risksOverview of various risks

Project FinancingProject FinancingThe Project Financing is an eecrsquos obligation as Financial Advisor

The Investorrsquos Project Financing must be secured by the local administration ndash government or as usually munici-pality that assign the service and acquire social effect for their people and eco-environment improvement for thewhole people of the world

GuaranteesThe waste treatment projects usually require comprehensive environmental study- long-term screening of the waste collection transport and landfill engineering design and financial project plus cash down prepayment prior to order and supply the equipment and build the shop 1 Financing Guarantee Secure the Investorrsquos preliminary expenses in 16 ndash 20 of

the Project value2 Equity Guarantee Secure 100 of the equipment and other acquisitions ndash the ownership and the conditions of right operation that returns the investment with the interests and earns the planed profit

Requirements to Sponsor (Investor) for Provision of Project Financing(General accepted rules)

Specific know-how and experience of Sponsor

Strong commitment of Sponsor contribution of own funds of at least 15-30 of total Investment

Sound financial structure with adequate risk sharing between parties Sponsor holds majority in Project Company or has at least major influence on decision-making

Project implementation and operation phases are supervised by Sponsor

Sponsor is involved in management of Project Company

Financially viable project

Proven technology

Sponsor InvestorSponsor Investor

Requirements to Municipality (Government) for Provision of Guarantees(Particular required rules for municipal waste collection amp utilization)

1st Financing Bank Guarantee Letter of Indemnity issue to its Servicing Bank or to Municipality Bank or through these banks to Central Bank as security and application to issue Bank Guarantee certifying whereby its promise and recognizance to pay the noted amount if the Beneficiary fails to do that on specified dates

Municipality GovernmentMunicipality Government

2nd Equity Guarantee (i) Contract stipulating supply of equipment and operation and (ii) Pledge of said Equipment for the benefit of Issuing Bank on each stage single completed of development of the Project

NOTE In case the Municipality is not in a position to guarantee its Project eec may arrange for and provide a sponsor to do so or involve its own security for the bene- fit of the Project Company on venture-capital investment bases This will expensive the Projectmdashthe initial fees and operating costs

The typical amount of net energy that can be produced per ton of municipal waste is about 067 MWh of electricity Thus about 600 tons per day of waste will produce about 17 MW of electrical power each day through combustion

Benefits and costsBenefits and costs

1 ton of municipal waste 067 MWh of electricity

A new direction in Public-Private Investment Partnership forging constructive cost effective and environmentally sound alliances between government and industry for

bull The comprehensive management and reuse of municipal and industrial waste

bull The clean efficient utilization of high sulfur and waste goals with non-recyclable spent resources in the generation of industrial power both process steam and co generated electricity

BenefitsBenefits

bull No increased waste disposal costs for the taxpayer A community can have a comprehensive waste management system including minimization recycling reuse waste to energy and landfill reduction elements at cost competitive with those of unacceptable mass collectionlandfill disposal operations

bull Up to 70 diversion of materials from landfills with the productive use of those diverted materials first in reuse needs and secondly through clean waste to energy applications

bull Almost total diversion rates with the conversion of composts ashes sewer sludges and yard wastes into natural fertilizers

bull Increased industrial competitiveness ndash preserves and protects jobs

Municipal amp Community BenefitsMunicipal amp Community Benefits

bull Industry can continue to burn lower cost regional coals including waste grades

bull Energy costs can be lowered through the use of ldquothrow-awayrdquo wastes as productive fuels

bull Continued low energy costs protect competitiveness and jobs

bull Proof that a cleaner environment can economically coexist with continuing low industrial energy costs

Industry BenefitsIndustry Benefits

bull Reduce land contamination Practical and affordable recycling and reuse programs will keep a high proportion of waste out of landfills Substantially lower dependence on landfills

bull Reduce air contaminationbull Protect resources Productive reuse of waste resources means lower rate of use of

new resources bull From maximizing the economic use of spent resources to clean utilization of the

huge supplies of problem amp waste coals industrialmunicipal economics and the environment become friendlier rather than increasingly adversarial

bull Promote natural fertilizers to replace chemical based ones Combine yard wastes ashes composts and sewage sludges with nutrients to produce natural fertilizers fills and soil extenders

Environmental Benefits

east electric company LLC

Our whole experience is at your service We hope you will make use of it We should appreciate the opportunity of showing how efficiently we can serve you If we can answer any questions we shall be glad to do so

Thank you for your time

  • Slide 1
  • Slide 2
  • Slide 3
  • Slide 4
  • Slide 5
  • Slide 6
  • Slide 7
  • Slide 8
  • Slide 9
  • Slide 10
  • Slide 11
  • Slide 12
  • Slide 13
  • Slide 14
  • Slide 15
  • Slide 16
  • Slide 17
  • Slide 18
  • Slide 19
  • Slide 20
  • Slide 21
  • Slide 22
Page 3: Prof. George Angelow President and CEO investment program is member of Lions Club, Paris e ast e lectric c ompany, LLC. 242 Concord Rd., Wayland, Mass

The advantages and major benefits of Energy Waste investment program include Production of electricity from municipal solid waste Production of potable water Metals plastics glass ceramics paper recycling Ash recycling Sorted waste or non-sorted waste processing Near zero emissions No cost feedstock - tipping fees actually add to revenues Feedstock flexibility Reduced need for landfill space Adding value to local economy

eec proposes an integrated project including a pre-treatment of waste with the aim of separating recycle components from the non-recyclable ones and separating component for compost and components for burning and generating power

waste2powerThis is the field of our most overgrowth for some time past and the line of projects where we invest hundred of million dollars own and syndicated funds It is our mandatory practice to line up behind the municipality of the towns of the projects

east electric company is the operator providing to its local partner the Municipality all instrumentsmdashengineering design capital goods training operation and meets the local cost of the investment project for the mutuality of benefit of the partnership

Project ConceptProject Concept

Recycling System

System

east electric company proposes an integrated project including a pre-treatment of waste with the aim of separating recycle components from the non-recyclable ones and separating component for compost and components for burning and generating power

Waste IncinerationEnergy

Generation

City Municipality Project Guarantor - Municipality Servicing Bank

Project Company Project Lenders against eecrsquos assets pledgedsecurities and insurance polices

Contracting Parties Turnkey construction contractor Subcontractors equipment suppliers Power purchaser Power-grid operator Fuelwastefeedstock suppliers

Operator - JV Co chartered by eec amp Municipality

Complex system which involvesComplex system which involves

Contractual StructureContractual StructureContractual Structure (1st stage)Contractual Structure (1st stage)

Order

Letter ofIndemnity

Bank Guarantees

Contract

1st

1st

AdvancePayment

Credit Bank

National Bank

Municipality

USManufacturer

Subcontractor

Contractual Structure (2nd stage)Contractual Structure (2nd stage)

2nd

2nd

Land

Concession

Equipment Maintenance

Application

OrderFinalSettlement

Joint Venture

Order

Letter ofIndemnity

Bank Guarantees

Contract

1st

1st

AdvancePayment

Credit Bank

National Bank

Municipality

USManufacturer

Subcontractor

Contractual Structure (3rd stage)Contractual Structure (3rd stage)

2nd

2nd

Land

Concession

Equipment Maintenance

Application

OrderFinalSettlement

Services Cash

Costs

Repayment

Payments

Dividends

Dividends

Joint Venture

Power Purchaser

Fuel Supplier

Order

Letter ofIndemnity

Bank Guarantees

Contract

1st

1st

AdvancePayment

Credit Bank

National Bank

Municipality

USManufacturer

Subcontractor

FinancingStages bull 1st bull 2nd bull 3rd

Site preparations

Construction

bull Project background screening

bull Engineering designbull Financial projectbull Advance manufacturing equipmentbull Final settlement equipmentbull Construction of shop-plantbull Current cost of waste

disposalbull Availability and cost of

disposal alternativesbull Renewable car park and waste bins

bull Screening of the existing situation and waste types assessment

bull Site infrastructure approval

bull Zero cycle of equipment amp shop installment

bull Utility interconnectionsbull Ash disposal capacitybull Waste supply

commitmentsbull Operative landfill for 3-

day waste collection

bull Engineeringbull Equipment purchasebull Shop construction

east electric company Engagements

Assignment of the job to eec (by mean of the Memorandum) Granting licenses (through concession agreement) Securing the project background screening amp engineering

design (by 1st bank guarantee ndash 16 -20 of the investment) Supervising the process of implementation (as a 20-shareholder

in the Operator JV-Company) Supervising operation management and

maintenance (by means of the monthly payments for the service) Undertaking of projectrsquos service purchase

obligations to secure returns (by 2nd bank guarantee ndash 100 of the investment)

Role of the MunicipalityRole of the Municipality

Sorting line and Baler

Reduce waste stream by 20

Additional sorting equipment

Removes 45 of waste stream Adds composting

Reduces waste stream another

10

ROTARY CASCADING BED COMBUSTOR

Description Of Proposed TechnologyDescription Of Proposed Technology

Reduce entire waste stream to an ash for Composting Land reclamation

Concrete manufacturing

NEW UNIQUE DESIGN

Clean combustion ofdiverse fuels and wastes ranging from high sulfur coals to municipalsolid wastes

Over 3500 hours of boilerGasification Technology

ROTARY CASCADING BED COMBUSTOR

Four-phased approach to building a Waste to Energy Material Recovery Facility

Capacity ranging 80000 up to 100000 Lday

The water pretreatment and purification process include UV sterilization water ozonation deionization reverse osmosis and water distillers

east electric company customize the specific design select the right equipment and construct the potable water shop

In addition to the waste to power plant a potable water bottling equipment system may be constructed in order to produce high quality water

Potable Water Bottling PlantPotable Water Bottling Plant

Commercial Risks Construction risks - 0 Operating risks depends on managers

Fuel risks - 0 Market risks - 0 Currency related risks - 0 Environmental risks - 0

Political risks Adverse changes in law Inflation Expropriation

Identifying local legal risks

Choice of law

Government guarantees

Currency convertibility

Changes in taxes and duties

Force majeure

Country risk Adequacy of national regulatory framework

Overview of various risksOverview of various risks

Project FinancingProject FinancingThe Project Financing is an eecrsquos obligation as Financial Advisor

The Investorrsquos Project Financing must be secured by the local administration ndash government or as usually munici-pality that assign the service and acquire social effect for their people and eco-environment improvement for thewhole people of the world

GuaranteesThe waste treatment projects usually require comprehensive environmental study- long-term screening of the waste collection transport and landfill engineering design and financial project plus cash down prepayment prior to order and supply the equipment and build the shop 1 Financing Guarantee Secure the Investorrsquos preliminary expenses in 16 ndash 20 of

the Project value2 Equity Guarantee Secure 100 of the equipment and other acquisitions ndash the ownership and the conditions of right operation that returns the investment with the interests and earns the planed profit

Requirements to Sponsor (Investor) for Provision of Project Financing(General accepted rules)

Specific know-how and experience of Sponsor

Strong commitment of Sponsor contribution of own funds of at least 15-30 of total Investment

Sound financial structure with adequate risk sharing between parties Sponsor holds majority in Project Company or has at least major influence on decision-making

Project implementation and operation phases are supervised by Sponsor

Sponsor is involved in management of Project Company

Financially viable project

Proven technology

Sponsor InvestorSponsor Investor

Requirements to Municipality (Government) for Provision of Guarantees(Particular required rules for municipal waste collection amp utilization)

1st Financing Bank Guarantee Letter of Indemnity issue to its Servicing Bank or to Municipality Bank or through these banks to Central Bank as security and application to issue Bank Guarantee certifying whereby its promise and recognizance to pay the noted amount if the Beneficiary fails to do that on specified dates

Municipality GovernmentMunicipality Government

2nd Equity Guarantee (i) Contract stipulating supply of equipment and operation and (ii) Pledge of said Equipment for the benefit of Issuing Bank on each stage single completed of development of the Project

NOTE In case the Municipality is not in a position to guarantee its Project eec may arrange for and provide a sponsor to do so or involve its own security for the bene- fit of the Project Company on venture-capital investment bases This will expensive the Projectmdashthe initial fees and operating costs

The typical amount of net energy that can be produced per ton of municipal waste is about 067 MWh of electricity Thus about 600 tons per day of waste will produce about 17 MW of electrical power each day through combustion

Benefits and costsBenefits and costs

1 ton of municipal waste 067 MWh of electricity

A new direction in Public-Private Investment Partnership forging constructive cost effective and environmentally sound alliances between government and industry for

bull The comprehensive management and reuse of municipal and industrial waste

bull The clean efficient utilization of high sulfur and waste goals with non-recyclable spent resources in the generation of industrial power both process steam and co generated electricity

BenefitsBenefits

bull No increased waste disposal costs for the taxpayer A community can have a comprehensive waste management system including minimization recycling reuse waste to energy and landfill reduction elements at cost competitive with those of unacceptable mass collectionlandfill disposal operations

bull Up to 70 diversion of materials from landfills with the productive use of those diverted materials first in reuse needs and secondly through clean waste to energy applications

bull Almost total diversion rates with the conversion of composts ashes sewer sludges and yard wastes into natural fertilizers

bull Increased industrial competitiveness ndash preserves and protects jobs

Municipal amp Community BenefitsMunicipal amp Community Benefits

bull Industry can continue to burn lower cost regional coals including waste grades

bull Energy costs can be lowered through the use of ldquothrow-awayrdquo wastes as productive fuels

bull Continued low energy costs protect competitiveness and jobs

bull Proof that a cleaner environment can economically coexist with continuing low industrial energy costs

Industry BenefitsIndustry Benefits

bull Reduce land contamination Practical and affordable recycling and reuse programs will keep a high proportion of waste out of landfills Substantially lower dependence on landfills

bull Reduce air contaminationbull Protect resources Productive reuse of waste resources means lower rate of use of

new resources bull From maximizing the economic use of spent resources to clean utilization of the

huge supplies of problem amp waste coals industrialmunicipal economics and the environment become friendlier rather than increasingly adversarial

bull Promote natural fertilizers to replace chemical based ones Combine yard wastes ashes composts and sewage sludges with nutrients to produce natural fertilizers fills and soil extenders

Environmental Benefits

east electric company LLC

Our whole experience is at your service We hope you will make use of it We should appreciate the opportunity of showing how efficiently we can serve you If we can answer any questions we shall be glad to do so

Thank you for your time

  • Slide 1
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Page 4: Prof. George Angelow President and CEO investment program is member of Lions Club, Paris e ast e lectric c ompany, LLC. 242 Concord Rd., Wayland, Mass

Project ConceptProject Concept

Recycling System

System

east electric company proposes an integrated project including a pre-treatment of waste with the aim of separating recycle components from the non-recyclable ones and separating component for compost and components for burning and generating power

Waste IncinerationEnergy

Generation

City Municipality Project Guarantor - Municipality Servicing Bank

Project Company Project Lenders against eecrsquos assets pledgedsecurities and insurance polices

Contracting Parties Turnkey construction contractor Subcontractors equipment suppliers Power purchaser Power-grid operator Fuelwastefeedstock suppliers

Operator - JV Co chartered by eec amp Municipality

Complex system which involvesComplex system which involves

Contractual StructureContractual StructureContractual Structure (1st stage)Contractual Structure (1st stage)

Order

Letter ofIndemnity

Bank Guarantees

Contract

1st

1st

AdvancePayment

Credit Bank

National Bank

Municipality

USManufacturer

Subcontractor

Contractual Structure (2nd stage)Contractual Structure (2nd stage)

2nd

2nd

Land

Concession

Equipment Maintenance

Application

OrderFinalSettlement

Joint Venture

Order

Letter ofIndemnity

Bank Guarantees

Contract

1st

1st

AdvancePayment

Credit Bank

National Bank

Municipality

USManufacturer

Subcontractor

Contractual Structure (3rd stage)Contractual Structure (3rd stage)

2nd

2nd

Land

Concession

Equipment Maintenance

Application

OrderFinalSettlement

Services Cash

Costs

Repayment

Payments

Dividends

Dividends

Joint Venture

Power Purchaser

Fuel Supplier

Order

Letter ofIndemnity

Bank Guarantees

Contract

1st

1st

AdvancePayment

Credit Bank

National Bank

Municipality

USManufacturer

Subcontractor

FinancingStages bull 1st bull 2nd bull 3rd

Site preparations

Construction

bull Project background screening

bull Engineering designbull Financial projectbull Advance manufacturing equipmentbull Final settlement equipmentbull Construction of shop-plantbull Current cost of waste

disposalbull Availability and cost of

disposal alternativesbull Renewable car park and waste bins

bull Screening of the existing situation and waste types assessment

bull Site infrastructure approval

bull Zero cycle of equipment amp shop installment

bull Utility interconnectionsbull Ash disposal capacitybull Waste supply

commitmentsbull Operative landfill for 3-

day waste collection

bull Engineeringbull Equipment purchasebull Shop construction

east electric company Engagements

Assignment of the job to eec (by mean of the Memorandum) Granting licenses (through concession agreement) Securing the project background screening amp engineering

design (by 1st bank guarantee ndash 16 -20 of the investment) Supervising the process of implementation (as a 20-shareholder

in the Operator JV-Company) Supervising operation management and

maintenance (by means of the monthly payments for the service) Undertaking of projectrsquos service purchase

obligations to secure returns (by 2nd bank guarantee ndash 100 of the investment)

Role of the MunicipalityRole of the Municipality

Sorting line and Baler

Reduce waste stream by 20

Additional sorting equipment

Removes 45 of waste stream Adds composting

Reduces waste stream another

10

ROTARY CASCADING BED COMBUSTOR

Description Of Proposed TechnologyDescription Of Proposed Technology

Reduce entire waste stream to an ash for Composting Land reclamation

Concrete manufacturing

NEW UNIQUE DESIGN

Clean combustion ofdiverse fuels and wastes ranging from high sulfur coals to municipalsolid wastes

Over 3500 hours of boilerGasification Technology

ROTARY CASCADING BED COMBUSTOR

Four-phased approach to building a Waste to Energy Material Recovery Facility

Capacity ranging 80000 up to 100000 Lday

The water pretreatment and purification process include UV sterilization water ozonation deionization reverse osmosis and water distillers

east electric company customize the specific design select the right equipment and construct the potable water shop

In addition to the waste to power plant a potable water bottling equipment system may be constructed in order to produce high quality water

Potable Water Bottling PlantPotable Water Bottling Plant

Commercial Risks Construction risks - 0 Operating risks depends on managers

Fuel risks - 0 Market risks - 0 Currency related risks - 0 Environmental risks - 0

Political risks Adverse changes in law Inflation Expropriation

Identifying local legal risks

Choice of law

Government guarantees

Currency convertibility

Changes in taxes and duties

Force majeure

Country risk Adequacy of national regulatory framework

Overview of various risksOverview of various risks

Project FinancingProject FinancingThe Project Financing is an eecrsquos obligation as Financial Advisor

The Investorrsquos Project Financing must be secured by the local administration ndash government or as usually munici-pality that assign the service and acquire social effect for their people and eco-environment improvement for thewhole people of the world

GuaranteesThe waste treatment projects usually require comprehensive environmental study- long-term screening of the waste collection transport and landfill engineering design and financial project plus cash down prepayment prior to order and supply the equipment and build the shop 1 Financing Guarantee Secure the Investorrsquos preliminary expenses in 16 ndash 20 of

the Project value2 Equity Guarantee Secure 100 of the equipment and other acquisitions ndash the ownership and the conditions of right operation that returns the investment with the interests and earns the planed profit

Requirements to Sponsor (Investor) for Provision of Project Financing(General accepted rules)

Specific know-how and experience of Sponsor

Strong commitment of Sponsor contribution of own funds of at least 15-30 of total Investment

Sound financial structure with adequate risk sharing between parties Sponsor holds majority in Project Company or has at least major influence on decision-making

Project implementation and operation phases are supervised by Sponsor

Sponsor is involved in management of Project Company

Financially viable project

Proven technology

Sponsor InvestorSponsor Investor

Requirements to Municipality (Government) for Provision of Guarantees(Particular required rules for municipal waste collection amp utilization)

1st Financing Bank Guarantee Letter of Indemnity issue to its Servicing Bank or to Municipality Bank or through these banks to Central Bank as security and application to issue Bank Guarantee certifying whereby its promise and recognizance to pay the noted amount if the Beneficiary fails to do that on specified dates

Municipality GovernmentMunicipality Government

2nd Equity Guarantee (i) Contract stipulating supply of equipment and operation and (ii) Pledge of said Equipment for the benefit of Issuing Bank on each stage single completed of development of the Project

NOTE In case the Municipality is not in a position to guarantee its Project eec may arrange for and provide a sponsor to do so or involve its own security for the bene- fit of the Project Company on venture-capital investment bases This will expensive the Projectmdashthe initial fees and operating costs

The typical amount of net energy that can be produced per ton of municipal waste is about 067 MWh of electricity Thus about 600 tons per day of waste will produce about 17 MW of electrical power each day through combustion

Benefits and costsBenefits and costs

1 ton of municipal waste 067 MWh of electricity

A new direction in Public-Private Investment Partnership forging constructive cost effective and environmentally sound alliances between government and industry for

bull The comprehensive management and reuse of municipal and industrial waste

bull The clean efficient utilization of high sulfur and waste goals with non-recyclable spent resources in the generation of industrial power both process steam and co generated electricity

BenefitsBenefits

bull No increased waste disposal costs for the taxpayer A community can have a comprehensive waste management system including minimization recycling reuse waste to energy and landfill reduction elements at cost competitive with those of unacceptable mass collectionlandfill disposal operations

bull Up to 70 diversion of materials from landfills with the productive use of those diverted materials first in reuse needs and secondly through clean waste to energy applications

bull Almost total diversion rates with the conversion of composts ashes sewer sludges and yard wastes into natural fertilizers

bull Increased industrial competitiveness ndash preserves and protects jobs

Municipal amp Community BenefitsMunicipal amp Community Benefits

bull Industry can continue to burn lower cost regional coals including waste grades

bull Energy costs can be lowered through the use of ldquothrow-awayrdquo wastes as productive fuels

bull Continued low energy costs protect competitiveness and jobs

bull Proof that a cleaner environment can economically coexist with continuing low industrial energy costs

Industry BenefitsIndustry Benefits

bull Reduce land contamination Practical and affordable recycling and reuse programs will keep a high proportion of waste out of landfills Substantially lower dependence on landfills

bull Reduce air contaminationbull Protect resources Productive reuse of waste resources means lower rate of use of

new resources bull From maximizing the economic use of spent resources to clean utilization of the

huge supplies of problem amp waste coals industrialmunicipal economics and the environment become friendlier rather than increasingly adversarial

bull Promote natural fertilizers to replace chemical based ones Combine yard wastes ashes composts and sewage sludges with nutrients to produce natural fertilizers fills and soil extenders

Environmental Benefits

east electric company LLC

Our whole experience is at your service We hope you will make use of it We should appreciate the opportunity of showing how efficiently we can serve you If we can answer any questions we shall be glad to do so

Thank you for your time

  • Slide 1
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  • Slide 3
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Page 5: Prof. George Angelow President and CEO investment program is member of Lions Club, Paris e ast e lectric c ompany, LLC. 242 Concord Rd., Wayland, Mass

City Municipality Project Guarantor - Municipality Servicing Bank

Project Company Project Lenders against eecrsquos assets pledgedsecurities and insurance polices

Contracting Parties Turnkey construction contractor Subcontractors equipment suppliers Power purchaser Power-grid operator Fuelwastefeedstock suppliers

Operator - JV Co chartered by eec amp Municipality

Complex system which involvesComplex system which involves

Contractual StructureContractual StructureContractual Structure (1st stage)Contractual Structure (1st stage)

Order

Letter ofIndemnity

Bank Guarantees

Contract

1st

1st

AdvancePayment

Credit Bank

National Bank

Municipality

USManufacturer

Subcontractor

Contractual Structure (2nd stage)Contractual Structure (2nd stage)

2nd

2nd

Land

Concession

Equipment Maintenance

Application

OrderFinalSettlement

Joint Venture

Order

Letter ofIndemnity

Bank Guarantees

Contract

1st

1st

AdvancePayment

Credit Bank

National Bank

Municipality

USManufacturer

Subcontractor

Contractual Structure (3rd stage)Contractual Structure (3rd stage)

2nd

2nd

Land

Concession

Equipment Maintenance

Application

OrderFinalSettlement

Services Cash

Costs

Repayment

Payments

Dividends

Dividends

Joint Venture

Power Purchaser

Fuel Supplier

Order

Letter ofIndemnity

Bank Guarantees

Contract

1st

1st

AdvancePayment

Credit Bank

National Bank

Municipality

USManufacturer

Subcontractor

FinancingStages bull 1st bull 2nd bull 3rd

Site preparations

Construction

bull Project background screening

bull Engineering designbull Financial projectbull Advance manufacturing equipmentbull Final settlement equipmentbull Construction of shop-plantbull Current cost of waste

disposalbull Availability and cost of

disposal alternativesbull Renewable car park and waste bins

bull Screening of the existing situation and waste types assessment

bull Site infrastructure approval

bull Zero cycle of equipment amp shop installment

bull Utility interconnectionsbull Ash disposal capacitybull Waste supply

commitmentsbull Operative landfill for 3-

day waste collection

bull Engineeringbull Equipment purchasebull Shop construction

east electric company Engagements

Assignment of the job to eec (by mean of the Memorandum) Granting licenses (through concession agreement) Securing the project background screening amp engineering

design (by 1st bank guarantee ndash 16 -20 of the investment) Supervising the process of implementation (as a 20-shareholder

in the Operator JV-Company) Supervising operation management and

maintenance (by means of the monthly payments for the service) Undertaking of projectrsquos service purchase

obligations to secure returns (by 2nd bank guarantee ndash 100 of the investment)

Role of the MunicipalityRole of the Municipality

Sorting line and Baler

Reduce waste stream by 20

Additional sorting equipment

Removes 45 of waste stream Adds composting

Reduces waste stream another

10

ROTARY CASCADING BED COMBUSTOR

Description Of Proposed TechnologyDescription Of Proposed Technology

Reduce entire waste stream to an ash for Composting Land reclamation

Concrete manufacturing

NEW UNIQUE DESIGN

Clean combustion ofdiverse fuels and wastes ranging from high sulfur coals to municipalsolid wastes

Over 3500 hours of boilerGasification Technology

ROTARY CASCADING BED COMBUSTOR

Four-phased approach to building a Waste to Energy Material Recovery Facility

Capacity ranging 80000 up to 100000 Lday

The water pretreatment and purification process include UV sterilization water ozonation deionization reverse osmosis and water distillers

east electric company customize the specific design select the right equipment and construct the potable water shop

In addition to the waste to power plant a potable water bottling equipment system may be constructed in order to produce high quality water

Potable Water Bottling PlantPotable Water Bottling Plant

Commercial Risks Construction risks - 0 Operating risks depends on managers

Fuel risks - 0 Market risks - 0 Currency related risks - 0 Environmental risks - 0

Political risks Adverse changes in law Inflation Expropriation

Identifying local legal risks

Choice of law

Government guarantees

Currency convertibility

Changes in taxes and duties

Force majeure

Country risk Adequacy of national regulatory framework

Overview of various risksOverview of various risks

Project FinancingProject FinancingThe Project Financing is an eecrsquos obligation as Financial Advisor

The Investorrsquos Project Financing must be secured by the local administration ndash government or as usually munici-pality that assign the service and acquire social effect for their people and eco-environment improvement for thewhole people of the world

GuaranteesThe waste treatment projects usually require comprehensive environmental study- long-term screening of the waste collection transport and landfill engineering design and financial project plus cash down prepayment prior to order and supply the equipment and build the shop 1 Financing Guarantee Secure the Investorrsquos preliminary expenses in 16 ndash 20 of

the Project value2 Equity Guarantee Secure 100 of the equipment and other acquisitions ndash the ownership and the conditions of right operation that returns the investment with the interests and earns the planed profit

Requirements to Sponsor (Investor) for Provision of Project Financing(General accepted rules)

Specific know-how and experience of Sponsor

Strong commitment of Sponsor contribution of own funds of at least 15-30 of total Investment

Sound financial structure with adequate risk sharing between parties Sponsor holds majority in Project Company or has at least major influence on decision-making

Project implementation and operation phases are supervised by Sponsor

Sponsor is involved in management of Project Company

Financially viable project

Proven technology

Sponsor InvestorSponsor Investor

Requirements to Municipality (Government) for Provision of Guarantees(Particular required rules for municipal waste collection amp utilization)

1st Financing Bank Guarantee Letter of Indemnity issue to its Servicing Bank or to Municipality Bank or through these banks to Central Bank as security and application to issue Bank Guarantee certifying whereby its promise and recognizance to pay the noted amount if the Beneficiary fails to do that on specified dates

Municipality GovernmentMunicipality Government

2nd Equity Guarantee (i) Contract stipulating supply of equipment and operation and (ii) Pledge of said Equipment for the benefit of Issuing Bank on each stage single completed of development of the Project

NOTE In case the Municipality is not in a position to guarantee its Project eec may arrange for and provide a sponsor to do so or involve its own security for the bene- fit of the Project Company on venture-capital investment bases This will expensive the Projectmdashthe initial fees and operating costs

The typical amount of net energy that can be produced per ton of municipal waste is about 067 MWh of electricity Thus about 600 tons per day of waste will produce about 17 MW of electrical power each day through combustion

Benefits and costsBenefits and costs

1 ton of municipal waste 067 MWh of electricity

A new direction in Public-Private Investment Partnership forging constructive cost effective and environmentally sound alliances between government and industry for

bull The comprehensive management and reuse of municipal and industrial waste

bull The clean efficient utilization of high sulfur and waste goals with non-recyclable spent resources in the generation of industrial power both process steam and co generated electricity

BenefitsBenefits

bull No increased waste disposal costs for the taxpayer A community can have a comprehensive waste management system including minimization recycling reuse waste to energy and landfill reduction elements at cost competitive with those of unacceptable mass collectionlandfill disposal operations

bull Up to 70 diversion of materials from landfills with the productive use of those diverted materials first in reuse needs and secondly through clean waste to energy applications

bull Almost total diversion rates with the conversion of composts ashes sewer sludges and yard wastes into natural fertilizers

bull Increased industrial competitiveness ndash preserves and protects jobs

Municipal amp Community BenefitsMunicipal amp Community Benefits

bull Industry can continue to burn lower cost regional coals including waste grades

bull Energy costs can be lowered through the use of ldquothrow-awayrdquo wastes as productive fuels

bull Continued low energy costs protect competitiveness and jobs

bull Proof that a cleaner environment can economically coexist with continuing low industrial energy costs

Industry BenefitsIndustry Benefits

bull Reduce land contamination Practical and affordable recycling and reuse programs will keep a high proportion of waste out of landfills Substantially lower dependence on landfills

bull Reduce air contaminationbull Protect resources Productive reuse of waste resources means lower rate of use of

new resources bull From maximizing the economic use of spent resources to clean utilization of the

huge supplies of problem amp waste coals industrialmunicipal economics and the environment become friendlier rather than increasingly adversarial

bull Promote natural fertilizers to replace chemical based ones Combine yard wastes ashes composts and sewage sludges with nutrients to produce natural fertilizers fills and soil extenders

Environmental Benefits

east electric company LLC

Our whole experience is at your service We hope you will make use of it We should appreciate the opportunity of showing how efficiently we can serve you If we can answer any questions we shall be glad to do so

Thank you for your time

  • Slide 1
  • Slide 2
  • Slide 3
  • Slide 4
  • Slide 5
  • Slide 6
  • Slide 7
  • Slide 8
  • Slide 9
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Page 6: Prof. George Angelow President and CEO investment program is member of Lions Club, Paris e ast e lectric c ompany, LLC. 242 Concord Rd., Wayland, Mass

Contractual StructureContractual StructureContractual Structure (1st stage)Contractual Structure (1st stage)

Order

Letter ofIndemnity

Bank Guarantees

Contract

1st

1st

AdvancePayment

Credit Bank

National Bank

Municipality

USManufacturer

Subcontractor

Contractual Structure (2nd stage)Contractual Structure (2nd stage)

2nd

2nd

Land

Concession

Equipment Maintenance

Application

OrderFinalSettlement

Joint Venture

Order

Letter ofIndemnity

Bank Guarantees

Contract

1st

1st

AdvancePayment

Credit Bank

National Bank

Municipality

USManufacturer

Subcontractor

Contractual Structure (3rd stage)Contractual Structure (3rd stage)

2nd

2nd

Land

Concession

Equipment Maintenance

Application

OrderFinalSettlement

Services Cash

Costs

Repayment

Payments

Dividends

Dividends

Joint Venture

Power Purchaser

Fuel Supplier

Order

Letter ofIndemnity

Bank Guarantees

Contract

1st

1st

AdvancePayment

Credit Bank

National Bank

Municipality

USManufacturer

Subcontractor

FinancingStages bull 1st bull 2nd bull 3rd

Site preparations

Construction

bull Project background screening

bull Engineering designbull Financial projectbull Advance manufacturing equipmentbull Final settlement equipmentbull Construction of shop-plantbull Current cost of waste

disposalbull Availability and cost of

disposal alternativesbull Renewable car park and waste bins

bull Screening of the existing situation and waste types assessment

bull Site infrastructure approval

bull Zero cycle of equipment amp shop installment

bull Utility interconnectionsbull Ash disposal capacitybull Waste supply

commitmentsbull Operative landfill for 3-

day waste collection

bull Engineeringbull Equipment purchasebull Shop construction

east electric company Engagements

Assignment of the job to eec (by mean of the Memorandum) Granting licenses (through concession agreement) Securing the project background screening amp engineering

design (by 1st bank guarantee ndash 16 -20 of the investment) Supervising the process of implementation (as a 20-shareholder

in the Operator JV-Company) Supervising operation management and

maintenance (by means of the monthly payments for the service) Undertaking of projectrsquos service purchase

obligations to secure returns (by 2nd bank guarantee ndash 100 of the investment)

Role of the MunicipalityRole of the Municipality

Sorting line and Baler

Reduce waste stream by 20

Additional sorting equipment

Removes 45 of waste stream Adds composting

Reduces waste stream another

10

ROTARY CASCADING BED COMBUSTOR

Description Of Proposed TechnologyDescription Of Proposed Technology

Reduce entire waste stream to an ash for Composting Land reclamation

Concrete manufacturing

NEW UNIQUE DESIGN

Clean combustion ofdiverse fuels and wastes ranging from high sulfur coals to municipalsolid wastes

Over 3500 hours of boilerGasification Technology

ROTARY CASCADING BED COMBUSTOR

Four-phased approach to building a Waste to Energy Material Recovery Facility

Capacity ranging 80000 up to 100000 Lday

The water pretreatment and purification process include UV sterilization water ozonation deionization reverse osmosis and water distillers

east electric company customize the specific design select the right equipment and construct the potable water shop

In addition to the waste to power plant a potable water bottling equipment system may be constructed in order to produce high quality water

Potable Water Bottling PlantPotable Water Bottling Plant

Commercial Risks Construction risks - 0 Operating risks depends on managers

Fuel risks - 0 Market risks - 0 Currency related risks - 0 Environmental risks - 0

Political risks Adverse changes in law Inflation Expropriation

Identifying local legal risks

Choice of law

Government guarantees

Currency convertibility

Changes in taxes and duties

Force majeure

Country risk Adequacy of national regulatory framework

Overview of various risksOverview of various risks

Project FinancingProject FinancingThe Project Financing is an eecrsquos obligation as Financial Advisor

The Investorrsquos Project Financing must be secured by the local administration ndash government or as usually munici-pality that assign the service and acquire social effect for their people and eco-environment improvement for thewhole people of the world

GuaranteesThe waste treatment projects usually require comprehensive environmental study- long-term screening of the waste collection transport and landfill engineering design and financial project plus cash down prepayment prior to order and supply the equipment and build the shop 1 Financing Guarantee Secure the Investorrsquos preliminary expenses in 16 ndash 20 of

the Project value2 Equity Guarantee Secure 100 of the equipment and other acquisitions ndash the ownership and the conditions of right operation that returns the investment with the interests and earns the planed profit

Requirements to Sponsor (Investor) for Provision of Project Financing(General accepted rules)

Specific know-how and experience of Sponsor

Strong commitment of Sponsor contribution of own funds of at least 15-30 of total Investment

Sound financial structure with adequate risk sharing between parties Sponsor holds majority in Project Company or has at least major influence on decision-making

Project implementation and operation phases are supervised by Sponsor

Sponsor is involved in management of Project Company

Financially viable project

Proven technology

Sponsor InvestorSponsor Investor

Requirements to Municipality (Government) for Provision of Guarantees(Particular required rules for municipal waste collection amp utilization)

1st Financing Bank Guarantee Letter of Indemnity issue to its Servicing Bank or to Municipality Bank or through these banks to Central Bank as security and application to issue Bank Guarantee certifying whereby its promise and recognizance to pay the noted amount if the Beneficiary fails to do that on specified dates

Municipality GovernmentMunicipality Government

2nd Equity Guarantee (i) Contract stipulating supply of equipment and operation and (ii) Pledge of said Equipment for the benefit of Issuing Bank on each stage single completed of development of the Project

NOTE In case the Municipality is not in a position to guarantee its Project eec may arrange for and provide a sponsor to do so or involve its own security for the bene- fit of the Project Company on venture-capital investment bases This will expensive the Projectmdashthe initial fees and operating costs

The typical amount of net energy that can be produced per ton of municipal waste is about 067 MWh of electricity Thus about 600 tons per day of waste will produce about 17 MW of electrical power each day through combustion

Benefits and costsBenefits and costs

1 ton of municipal waste 067 MWh of electricity

A new direction in Public-Private Investment Partnership forging constructive cost effective and environmentally sound alliances between government and industry for

bull The comprehensive management and reuse of municipal and industrial waste

bull The clean efficient utilization of high sulfur and waste goals with non-recyclable spent resources in the generation of industrial power both process steam and co generated electricity

BenefitsBenefits

bull No increased waste disposal costs for the taxpayer A community can have a comprehensive waste management system including minimization recycling reuse waste to energy and landfill reduction elements at cost competitive with those of unacceptable mass collectionlandfill disposal operations

bull Up to 70 diversion of materials from landfills with the productive use of those diverted materials first in reuse needs and secondly through clean waste to energy applications

bull Almost total diversion rates with the conversion of composts ashes sewer sludges and yard wastes into natural fertilizers

bull Increased industrial competitiveness ndash preserves and protects jobs

Municipal amp Community BenefitsMunicipal amp Community Benefits

bull Industry can continue to burn lower cost regional coals including waste grades

bull Energy costs can be lowered through the use of ldquothrow-awayrdquo wastes as productive fuels

bull Continued low energy costs protect competitiveness and jobs

bull Proof that a cleaner environment can economically coexist with continuing low industrial energy costs

Industry BenefitsIndustry Benefits

bull Reduce land contamination Practical and affordable recycling and reuse programs will keep a high proportion of waste out of landfills Substantially lower dependence on landfills

bull Reduce air contaminationbull Protect resources Productive reuse of waste resources means lower rate of use of

new resources bull From maximizing the economic use of spent resources to clean utilization of the

huge supplies of problem amp waste coals industrialmunicipal economics and the environment become friendlier rather than increasingly adversarial

bull Promote natural fertilizers to replace chemical based ones Combine yard wastes ashes composts and sewage sludges with nutrients to produce natural fertilizers fills and soil extenders

Environmental Benefits

east electric company LLC

Our whole experience is at your service We hope you will make use of it We should appreciate the opportunity of showing how efficiently we can serve you If we can answer any questions we shall be glad to do so

Thank you for your time

  • Slide 1
  • Slide 2
  • Slide 3
  • Slide 4
  • Slide 5
  • Slide 6
  • Slide 7
  • Slide 8
  • Slide 9
  • Slide 10
  • Slide 11
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  • Slide 17
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  • Slide 20
  • Slide 21
  • Slide 22
Page 7: Prof. George Angelow President and CEO investment program is member of Lions Club, Paris e ast e lectric c ompany, LLC. 242 Concord Rd., Wayland, Mass

Contractual Structure (2nd stage)Contractual Structure (2nd stage)

2nd

2nd

Land

Concession

Equipment Maintenance

Application

OrderFinalSettlement

Joint Venture

Order

Letter ofIndemnity

Bank Guarantees

Contract

1st

1st

AdvancePayment

Credit Bank

National Bank

Municipality

USManufacturer

Subcontractor

Contractual Structure (3rd stage)Contractual Structure (3rd stage)

2nd

2nd

Land

Concession

Equipment Maintenance

Application

OrderFinalSettlement

Services Cash

Costs

Repayment

Payments

Dividends

Dividends

Joint Venture

Power Purchaser

Fuel Supplier

Order

Letter ofIndemnity

Bank Guarantees

Contract

1st

1st

AdvancePayment

Credit Bank

National Bank

Municipality

USManufacturer

Subcontractor

FinancingStages bull 1st bull 2nd bull 3rd

Site preparations

Construction

bull Project background screening

bull Engineering designbull Financial projectbull Advance manufacturing equipmentbull Final settlement equipmentbull Construction of shop-plantbull Current cost of waste

disposalbull Availability and cost of

disposal alternativesbull Renewable car park and waste bins

bull Screening of the existing situation and waste types assessment

bull Site infrastructure approval

bull Zero cycle of equipment amp shop installment

bull Utility interconnectionsbull Ash disposal capacitybull Waste supply

commitmentsbull Operative landfill for 3-

day waste collection

bull Engineeringbull Equipment purchasebull Shop construction

east electric company Engagements

Assignment of the job to eec (by mean of the Memorandum) Granting licenses (through concession agreement) Securing the project background screening amp engineering

design (by 1st bank guarantee ndash 16 -20 of the investment) Supervising the process of implementation (as a 20-shareholder

in the Operator JV-Company) Supervising operation management and

maintenance (by means of the monthly payments for the service) Undertaking of projectrsquos service purchase

obligations to secure returns (by 2nd bank guarantee ndash 100 of the investment)

Role of the MunicipalityRole of the Municipality

Sorting line and Baler

Reduce waste stream by 20

Additional sorting equipment

Removes 45 of waste stream Adds composting

Reduces waste stream another

10

ROTARY CASCADING BED COMBUSTOR

Description Of Proposed TechnologyDescription Of Proposed Technology

Reduce entire waste stream to an ash for Composting Land reclamation

Concrete manufacturing

NEW UNIQUE DESIGN

Clean combustion ofdiverse fuels and wastes ranging from high sulfur coals to municipalsolid wastes

Over 3500 hours of boilerGasification Technology

ROTARY CASCADING BED COMBUSTOR

Four-phased approach to building a Waste to Energy Material Recovery Facility

Capacity ranging 80000 up to 100000 Lday

The water pretreatment and purification process include UV sterilization water ozonation deionization reverse osmosis and water distillers

east electric company customize the specific design select the right equipment and construct the potable water shop

In addition to the waste to power plant a potable water bottling equipment system may be constructed in order to produce high quality water

Potable Water Bottling PlantPotable Water Bottling Plant

Commercial Risks Construction risks - 0 Operating risks depends on managers

Fuel risks - 0 Market risks - 0 Currency related risks - 0 Environmental risks - 0

Political risks Adverse changes in law Inflation Expropriation

Identifying local legal risks

Choice of law

Government guarantees

Currency convertibility

Changes in taxes and duties

Force majeure

Country risk Adequacy of national regulatory framework

Overview of various risksOverview of various risks

Project FinancingProject FinancingThe Project Financing is an eecrsquos obligation as Financial Advisor

The Investorrsquos Project Financing must be secured by the local administration ndash government or as usually munici-pality that assign the service and acquire social effect for their people and eco-environment improvement for thewhole people of the world

GuaranteesThe waste treatment projects usually require comprehensive environmental study- long-term screening of the waste collection transport and landfill engineering design and financial project plus cash down prepayment prior to order and supply the equipment and build the shop 1 Financing Guarantee Secure the Investorrsquos preliminary expenses in 16 ndash 20 of

the Project value2 Equity Guarantee Secure 100 of the equipment and other acquisitions ndash the ownership and the conditions of right operation that returns the investment with the interests and earns the planed profit

Requirements to Sponsor (Investor) for Provision of Project Financing(General accepted rules)

Specific know-how and experience of Sponsor

Strong commitment of Sponsor contribution of own funds of at least 15-30 of total Investment

Sound financial structure with adequate risk sharing between parties Sponsor holds majority in Project Company or has at least major influence on decision-making

Project implementation and operation phases are supervised by Sponsor

Sponsor is involved in management of Project Company

Financially viable project

Proven technology

Sponsor InvestorSponsor Investor

Requirements to Municipality (Government) for Provision of Guarantees(Particular required rules for municipal waste collection amp utilization)

1st Financing Bank Guarantee Letter of Indemnity issue to its Servicing Bank or to Municipality Bank or through these banks to Central Bank as security and application to issue Bank Guarantee certifying whereby its promise and recognizance to pay the noted amount if the Beneficiary fails to do that on specified dates

Municipality GovernmentMunicipality Government

2nd Equity Guarantee (i) Contract stipulating supply of equipment and operation and (ii) Pledge of said Equipment for the benefit of Issuing Bank on each stage single completed of development of the Project

NOTE In case the Municipality is not in a position to guarantee its Project eec may arrange for and provide a sponsor to do so or involve its own security for the bene- fit of the Project Company on venture-capital investment bases This will expensive the Projectmdashthe initial fees and operating costs

The typical amount of net energy that can be produced per ton of municipal waste is about 067 MWh of electricity Thus about 600 tons per day of waste will produce about 17 MW of electrical power each day through combustion

Benefits and costsBenefits and costs

1 ton of municipal waste 067 MWh of electricity

A new direction in Public-Private Investment Partnership forging constructive cost effective and environmentally sound alliances between government and industry for

bull The comprehensive management and reuse of municipal and industrial waste

bull The clean efficient utilization of high sulfur and waste goals with non-recyclable spent resources in the generation of industrial power both process steam and co generated electricity

BenefitsBenefits

bull No increased waste disposal costs for the taxpayer A community can have a comprehensive waste management system including minimization recycling reuse waste to energy and landfill reduction elements at cost competitive with those of unacceptable mass collectionlandfill disposal operations

bull Up to 70 diversion of materials from landfills with the productive use of those diverted materials first in reuse needs and secondly through clean waste to energy applications

bull Almost total diversion rates with the conversion of composts ashes sewer sludges and yard wastes into natural fertilizers

bull Increased industrial competitiveness ndash preserves and protects jobs

Municipal amp Community BenefitsMunicipal amp Community Benefits

bull Industry can continue to burn lower cost regional coals including waste grades

bull Energy costs can be lowered through the use of ldquothrow-awayrdquo wastes as productive fuels

bull Continued low energy costs protect competitiveness and jobs

bull Proof that a cleaner environment can economically coexist with continuing low industrial energy costs

Industry BenefitsIndustry Benefits

bull Reduce land contamination Practical and affordable recycling and reuse programs will keep a high proportion of waste out of landfills Substantially lower dependence on landfills

bull Reduce air contaminationbull Protect resources Productive reuse of waste resources means lower rate of use of

new resources bull From maximizing the economic use of spent resources to clean utilization of the

huge supplies of problem amp waste coals industrialmunicipal economics and the environment become friendlier rather than increasingly adversarial

bull Promote natural fertilizers to replace chemical based ones Combine yard wastes ashes composts and sewage sludges with nutrients to produce natural fertilizers fills and soil extenders

Environmental Benefits

east electric company LLC

Our whole experience is at your service We hope you will make use of it We should appreciate the opportunity of showing how efficiently we can serve you If we can answer any questions we shall be glad to do so

Thank you for your time

  • Slide 1
  • Slide 2
  • Slide 3
  • Slide 4
  • Slide 5
  • Slide 6
  • Slide 7
  • Slide 8
  • Slide 9
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  • Slide 22
Page 8: Prof. George Angelow President and CEO investment program is member of Lions Club, Paris e ast e lectric c ompany, LLC. 242 Concord Rd., Wayland, Mass

Contractual Structure (3rd stage)Contractual Structure (3rd stage)

2nd

2nd

Land

Concession

Equipment Maintenance

Application

OrderFinalSettlement

Services Cash

Costs

Repayment

Payments

Dividends

Dividends

Joint Venture

Power Purchaser

Fuel Supplier

Order

Letter ofIndemnity

Bank Guarantees

Contract

1st

1st

AdvancePayment

Credit Bank

National Bank

Municipality

USManufacturer

Subcontractor

FinancingStages bull 1st bull 2nd bull 3rd

Site preparations

Construction

bull Project background screening

bull Engineering designbull Financial projectbull Advance manufacturing equipmentbull Final settlement equipmentbull Construction of shop-plantbull Current cost of waste

disposalbull Availability and cost of

disposal alternativesbull Renewable car park and waste bins

bull Screening of the existing situation and waste types assessment

bull Site infrastructure approval

bull Zero cycle of equipment amp shop installment

bull Utility interconnectionsbull Ash disposal capacitybull Waste supply

commitmentsbull Operative landfill for 3-

day waste collection

bull Engineeringbull Equipment purchasebull Shop construction

east electric company Engagements

Assignment of the job to eec (by mean of the Memorandum) Granting licenses (through concession agreement) Securing the project background screening amp engineering

design (by 1st bank guarantee ndash 16 -20 of the investment) Supervising the process of implementation (as a 20-shareholder

in the Operator JV-Company) Supervising operation management and

maintenance (by means of the monthly payments for the service) Undertaking of projectrsquos service purchase

obligations to secure returns (by 2nd bank guarantee ndash 100 of the investment)

Role of the MunicipalityRole of the Municipality

Sorting line and Baler

Reduce waste stream by 20

Additional sorting equipment

Removes 45 of waste stream Adds composting

Reduces waste stream another

10

ROTARY CASCADING BED COMBUSTOR

Description Of Proposed TechnologyDescription Of Proposed Technology

Reduce entire waste stream to an ash for Composting Land reclamation

Concrete manufacturing

NEW UNIQUE DESIGN

Clean combustion ofdiverse fuels and wastes ranging from high sulfur coals to municipalsolid wastes

Over 3500 hours of boilerGasification Technology

ROTARY CASCADING BED COMBUSTOR

Four-phased approach to building a Waste to Energy Material Recovery Facility

Capacity ranging 80000 up to 100000 Lday

The water pretreatment and purification process include UV sterilization water ozonation deionization reverse osmosis and water distillers

east electric company customize the specific design select the right equipment and construct the potable water shop

In addition to the waste to power plant a potable water bottling equipment system may be constructed in order to produce high quality water

Potable Water Bottling PlantPotable Water Bottling Plant

Commercial Risks Construction risks - 0 Operating risks depends on managers

Fuel risks - 0 Market risks - 0 Currency related risks - 0 Environmental risks - 0

Political risks Adverse changes in law Inflation Expropriation

Identifying local legal risks

Choice of law

Government guarantees

Currency convertibility

Changes in taxes and duties

Force majeure

Country risk Adequacy of national regulatory framework

Overview of various risksOverview of various risks

Project FinancingProject FinancingThe Project Financing is an eecrsquos obligation as Financial Advisor

The Investorrsquos Project Financing must be secured by the local administration ndash government or as usually munici-pality that assign the service and acquire social effect for their people and eco-environment improvement for thewhole people of the world

GuaranteesThe waste treatment projects usually require comprehensive environmental study- long-term screening of the waste collection transport and landfill engineering design and financial project plus cash down prepayment prior to order and supply the equipment and build the shop 1 Financing Guarantee Secure the Investorrsquos preliminary expenses in 16 ndash 20 of

the Project value2 Equity Guarantee Secure 100 of the equipment and other acquisitions ndash the ownership and the conditions of right operation that returns the investment with the interests and earns the planed profit

Requirements to Sponsor (Investor) for Provision of Project Financing(General accepted rules)

Specific know-how and experience of Sponsor

Strong commitment of Sponsor contribution of own funds of at least 15-30 of total Investment

Sound financial structure with adequate risk sharing between parties Sponsor holds majority in Project Company or has at least major influence on decision-making

Project implementation and operation phases are supervised by Sponsor

Sponsor is involved in management of Project Company

Financially viable project

Proven technology

Sponsor InvestorSponsor Investor

Requirements to Municipality (Government) for Provision of Guarantees(Particular required rules for municipal waste collection amp utilization)

1st Financing Bank Guarantee Letter of Indemnity issue to its Servicing Bank or to Municipality Bank or through these banks to Central Bank as security and application to issue Bank Guarantee certifying whereby its promise and recognizance to pay the noted amount if the Beneficiary fails to do that on specified dates

Municipality GovernmentMunicipality Government

2nd Equity Guarantee (i) Contract stipulating supply of equipment and operation and (ii) Pledge of said Equipment for the benefit of Issuing Bank on each stage single completed of development of the Project

NOTE In case the Municipality is not in a position to guarantee its Project eec may arrange for and provide a sponsor to do so or involve its own security for the bene- fit of the Project Company on venture-capital investment bases This will expensive the Projectmdashthe initial fees and operating costs

The typical amount of net energy that can be produced per ton of municipal waste is about 067 MWh of electricity Thus about 600 tons per day of waste will produce about 17 MW of electrical power each day through combustion

Benefits and costsBenefits and costs

1 ton of municipal waste 067 MWh of electricity

A new direction in Public-Private Investment Partnership forging constructive cost effective and environmentally sound alliances between government and industry for

bull The comprehensive management and reuse of municipal and industrial waste

bull The clean efficient utilization of high sulfur and waste goals with non-recyclable spent resources in the generation of industrial power both process steam and co generated electricity

BenefitsBenefits

bull No increased waste disposal costs for the taxpayer A community can have a comprehensive waste management system including minimization recycling reuse waste to energy and landfill reduction elements at cost competitive with those of unacceptable mass collectionlandfill disposal operations

bull Up to 70 diversion of materials from landfills with the productive use of those diverted materials first in reuse needs and secondly through clean waste to energy applications

bull Almost total diversion rates with the conversion of composts ashes sewer sludges and yard wastes into natural fertilizers

bull Increased industrial competitiveness ndash preserves and protects jobs

Municipal amp Community BenefitsMunicipal amp Community Benefits

bull Industry can continue to burn lower cost regional coals including waste grades

bull Energy costs can be lowered through the use of ldquothrow-awayrdquo wastes as productive fuels

bull Continued low energy costs protect competitiveness and jobs

bull Proof that a cleaner environment can economically coexist with continuing low industrial energy costs

Industry BenefitsIndustry Benefits

bull Reduce land contamination Practical and affordable recycling and reuse programs will keep a high proportion of waste out of landfills Substantially lower dependence on landfills

bull Reduce air contaminationbull Protect resources Productive reuse of waste resources means lower rate of use of

new resources bull From maximizing the economic use of spent resources to clean utilization of the

huge supplies of problem amp waste coals industrialmunicipal economics and the environment become friendlier rather than increasingly adversarial

bull Promote natural fertilizers to replace chemical based ones Combine yard wastes ashes composts and sewage sludges with nutrients to produce natural fertilizers fills and soil extenders

Environmental Benefits

east electric company LLC

Our whole experience is at your service We hope you will make use of it We should appreciate the opportunity of showing how efficiently we can serve you If we can answer any questions we shall be glad to do so

Thank you for your time

  • Slide 1
  • Slide 2
  • Slide 3
  • Slide 4
  • Slide 5
  • Slide 6
  • Slide 7
  • Slide 8
  • Slide 9
  • Slide 10
  • Slide 11
  • Slide 12
  • Slide 13
  • Slide 14
  • Slide 15
  • Slide 16
  • Slide 17
  • Slide 18
  • Slide 19
  • Slide 20
  • Slide 21
  • Slide 22
Page 9: Prof. George Angelow President and CEO investment program is member of Lions Club, Paris e ast e lectric c ompany, LLC. 242 Concord Rd., Wayland, Mass

FinancingStages bull 1st bull 2nd bull 3rd

Site preparations

Construction

bull Project background screening

bull Engineering designbull Financial projectbull Advance manufacturing equipmentbull Final settlement equipmentbull Construction of shop-plantbull Current cost of waste

disposalbull Availability and cost of

disposal alternativesbull Renewable car park and waste bins

bull Screening of the existing situation and waste types assessment

bull Site infrastructure approval

bull Zero cycle of equipment amp shop installment

bull Utility interconnectionsbull Ash disposal capacitybull Waste supply

commitmentsbull Operative landfill for 3-

day waste collection

bull Engineeringbull Equipment purchasebull Shop construction

east electric company Engagements

Assignment of the job to eec (by mean of the Memorandum) Granting licenses (through concession agreement) Securing the project background screening amp engineering

design (by 1st bank guarantee ndash 16 -20 of the investment) Supervising the process of implementation (as a 20-shareholder

in the Operator JV-Company) Supervising operation management and

maintenance (by means of the monthly payments for the service) Undertaking of projectrsquos service purchase

obligations to secure returns (by 2nd bank guarantee ndash 100 of the investment)

Role of the MunicipalityRole of the Municipality

Sorting line and Baler

Reduce waste stream by 20

Additional sorting equipment

Removes 45 of waste stream Adds composting

Reduces waste stream another

10

ROTARY CASCADING BED COMBUSTOR

Description Of Proposed TechnologyDescription Of Proposed Technology

Reduce entire waste stream to an ash for Composting Land reclamation

Concrete manufacturing

NEW UNIQUE DESIGN

Clean combustion ofdiverse fuels and wastes ranging from high sulfur coals to municipalsolid wastes

Over 3500 hours of boilerGasification Technology

ROTARY CASCADING BED COMBUSTOR

Four-phased approach to building a Waste to Energy Material Recovery Facility

Capacity ranging 80000 up to 100000 Lday

The water pretreatment and purification process include UV sterilization water ozonation deionization reverse osmosis and water distillers

east electric company customize the specific design select the right equipment and construct the potable water shop

In addition to the waste to power plant a potable water bottling equipment system may be constructed in order to produce high quality water

Potable Water Bottling PlantPotable Water Bottling Plant

Commercial Risks Construction risks - 0 Operating risks depends on managers

Fuel risks - 0 Market risks - 0 Currency related risks - 0 Environmental risks - 0

Political risks Adverse changes in law Inflation Expropriation

Identifying local legal risks

Choice of law

Government guarantees

Currency convertibility

Changes in taxes and duties

Force majeure

Country risk Adequacy of national regulatory framework

Overview of various risksOverview of various risks

Project FinancingProject FinancingThe Project Financing is an eecrsquos obligation as Financial Advisor

The Investorrsquos Project Financing must be secured by the local administration ndash government or as usually munici-pality that assign the service and acquire social effect for their people and eco-environment improvement for thewhole people of the world

GuaranteesThe waste treatment projects usually require comprehensive environmental study- long-term screening of the waste collection transport and landfill engineering design and financial project plus cash down prepayment prior to order and supply the equipment and build the shop 1 Financing Guarantee Secure the Investorrsquos preliminary expenses in 16 ndash 20 of

the Project value2 Equity Guarantee Secure 100 of the equipment and other acquisitions ndash the ownership and the conditions of right operation that returns the investment with the interests and earns the planed profit

Requirements to Sponsor (Investor) for Provision of Project Financing(General accepted rules)

Specific know-how and experience of Sponsor

Strong commitment of Sponsor contribution of own funds of at least 15-30 of total Investment

Sound financial structure with adequate risk sharing between parties Sponsor holds majority in Project Company or has at least major influence on decision-making

Project implementation and operation phases are supervised by Sponsor

Sponsor is involved in management of Project Company

Financially viable project

Proven technology

Sponsor InvestorSponsor Investor

Requirements to Municipality (Government) for Provision of Guarantees(Particular required rules for municipal waste collection amp utilization)

1st Financing Bank Guarantee Letter of Indemnity issue to its Servicing Bank or to Municipality Bank or through these banks to Central Bank as security and application to issue Bank Guarantee certifying whereby its promise and recognizance to pay the noted amount if the Beneficiary fails to do that on specified dates

Municipality GovernmentMunicipality Government

2nd Equity Guarantee (i) Contract stipulating supply of equipment and operation and (ii) Pledge of said Equipment for the benefit of Issuing Bank on each stage single completed of development of the Project

NOTE In case the Municipality is not in a position to guarantee its Project eec may arrange for and provide a sponsor to do so or involve its own security for the bene- fit of the Project Company on venture-capital investment bases This will expensive the Projectmdashthe initial fees and operating costs

The typical amount of net energy that can be produced per ton of municipal waste is about 067 MWh of electricity Thus about 600 tons per day of waste will produce about 17 MW of electrical power each day through combustion

Benefits and costsBenefits and costs

1 ton of municipal waste 067 MWh of electricity

A new direction in Public-Private Investment Partnership forging constructive cost effective and environmentally sound alliances between government and industry for

bull The comprehensive management and reuse of municipal and industrial waste

bull The clean efficient utilization of high sulfur and waste goals with non-recyclable spent resources in the generation of industrial power both process steam and co generated electricity

BenefitsBenefits

bull No increased waste disposal costs for the taxpayer A community can have a comprehensive waste management system including minimization recycling reuse waste to energy and landfill reduction elements at cost competitive with those of unacceptable mass collectionlandfill disposal operations

bull Up to 70 diversion of materials from landfills with the productive use of those diverted materials first in reuse needs and secondly through clean waste to energy applications

bull Almost total diversion rates with the conversion of composts ashes sewer sludges and yard wastes into natural fertilizers

bull Increased industrial competitiveness ndash preserves and protects jobs

Municipal amp Community BenefitsMunicipal amp Community Benefits

bull Industry can continue to burn lower cost regional coals including waste grades

bull Energy costs can be lowered through the use of ldquothrow-awayrdquo wastes as productive fuels

bull Continued low energy costs protect competitiveness and jobs

bull Proof that a cleaner environment can economically coexist with continuing low industrial energy costs

Industry BenefitsIndustry Benefits

bull Reduce land contamination Practical and affordable recycling and reuse programs will keep a high proportion of waste out of landfills Substantially lower dependence on landfills

bull Reduce air contaminationbull Protect resources Productive reuse of waste resources means lower rate of use of

new resources bull From maximizing the economic use of spent resources to clean utilization of the

huge supplies of problem amp waste coals industrialmunicipal economics and the environment become friendlier rather than increasingly adversarial

bull Promote natural fertilizers to replace chemical based ones Combine yard wastes ashes composts and sewage sludges with nutrients to produce natural fertilizers fills and soil extenders

Environmental Benefits

east electric company LLC

Our whole experience is at your service We hope you will make use of it We should appreciate the opportunity of showing how efficiently we can serve you If we can answer any questions we shall be glad to do so

Thank you for your time

  • Slide 1
  • Slide 2
  • Slide 3
  • Slide 4
  • Slide 5
  • Slide 6
  • Slide 7
  • Slide 8
  • Slide 9
  • Slide 10
  • Slide 11
  • Slide 12
  • Slide 13
  • Slide 14
  • Slide 15
  • Slide 16
  • Slide 17
  • Slide 18
  • Slide 19
  • Slide 20
  • Slide 21
  • Slide 22
Page 10: Prof. George Angelow President and CEO investment program is member of Lions Club, Paris e ast e lectric c ompany, LLC. 242 Concord Rd., Wayland, Mass

Assignment of the job to eec (by mean of the Memorandum) Granting licenses (through concession agreement) Securing the project background screening amp engineering

design (by 1st bank guarantee ndash 16 -20 of the investment) Supervising the process of implementation (as a 20-shareholder

in the Operator JV-Company) Supervising operation management and

maintenance (by means of the monthly payments for the service) Undertaking of projectrsquos service purchase

obligations to secure returns (by 2nd bank guarantee ndash 100 of the investment)

Role of the MunicipalityRole of the Municipality

Sorting line and Baler

Reduce waste stream by 20

Additional sorting equipment

Removes 45 of waste stream Adds composting

Reduces waste stream another

10

ROTARY CASCADING BED COMBUSTOR

Description Of Proposed TechnologyDescription Of Proposed Technology

Reduce entire waste stream to an ash for Composting Land reclamation

Concrete manufacturing

NEW UNIQUE DESIGN

Clean combustion ofdiverse fuels and wastes ranging from high sulfur coals to municipalsolid wastes

Over 3500 hours of boilerGasification Technology

ROTARY CASCADING BED COMBUSTOR

Four-phased approach to building a Waste to Energy Material Recovery Facility

Capacity ranging 80000 up to 100000 Lday

The water pretreatment and purification process include UV sterilization water ozonation deionization reverse osmosis and water distillers

east electric company customize the specific design select the right equipment and construct the potable water shop

In addition to the waste to power plant a potable water bottling equipment system may be constructed in order to produce high quality water

Potable Water Bottling PlantPotable Water Bottling Plant

Commercial Risks Construction risks - 0 Operating risks depends on managers

Fuel risks - 0 Market risks - 0 Currency related risks - 0 Environmental risks - 0

Political risks Adverse changes in law Inflation Expropriation

Identifying local legal risks

Choice of law

Government guarantees

Currency convertibility

Changes in taxes and duties

Force majeure

Country risk Adequacy of national regulatory framework

Overview of various risksOverview of various risks

Project FinancingProject FinancingThe Project Financing is an eecrsquos obligation as Financial Advisor

The Investorrsquos Project Financing must be secured by the local administration ndash government or as usually munici-pality that assign the service and acquire social effect for their people and eco-environment improvement for thewhole people of the world

GuaranteesThe waste treatment projects usually require comprehensive environmental study- long-term screening of the waste collection transport and landfill engineering design and financial project plus cash down prepayment prior to order and supply the equipment and build the shop 1 Financing Guarantee Secure the Investorrsquos preliminary expenses in 16 ndash 20 of

the Project value2 Equity Guarantee Secure 100 of the equipment and other acquisitions ndash the ownership and the conditions of right operation that returns the investment with the interests and earns the planed profit

Requirements to Sponsor (Investor) for Provision of Project Financing(General accepted rules)

Specific know-how and experience of Sponsor

Strong commitment of Sponsor contribution of own funds of at least 15-30 of total Investment

Sound financial structure with adequate risk sharing between parties Sponsor holds majority in Project Company or has at least major influence on decision-making

Project implementation and operation phases are supervised by Sponsor

Sponsor is involved in management of Project Company

Financially viable project

Proven technology

Sponsor InvestorSponsor Investor

Requirements to Municipality (Government) for Provision of Guarantees(Particular required rules for municipal waste collection amp utilization)

1st Financing Bank Guarantee Letter of Indemnity issue to its Servicing Bank or to Municipality Bank or through these banks to Central Bank as security and application to issue Bank Guarantee certifying whereby its promise and recognizance to pay the noted amount if the Beneficiary fails to do that on specified dates

Municipality GovernmentMunicipality Government

2nd Equity Guarantee (i) Contract stipulating supply of equipment and operation and (ii) Pledge of said Equipment for the benefit of Issuing Bank on each stage single completed of development of the Project

NOTE In case the Municipality is not in a position to guarantee its Project eec may arrange for and provide a sponsor to do so or involve its own security for the bene- fit of the Project Company on venture-capital investment bases This will expensive the Projectmdashthe initial fees and operating costs

The typical amount of net energy that can be produced per ton of municipal waste is about 067 MWh of electricity Thus about 600 tons per day of waste will produce about 17 MW of electrical power each day through combustion

Benefits and costsBenefits and costs

1 ton of municipal waste 067 MWh of electricity

A new direction in Public-Private Investment Partnership forging constructive cost effective and environmentally sound alliances between government and industry for

bull The comprehensive management and reuse of municipal and industrial waste

bull The clean efficient utilization of high sulfur and waste goals with non-recyclable spent resources in the generation of industrial power both process steam and co generated electricity

BenefitsBenefits

bull No increased waste disposal costs for the taxpayer A community can have a comprehensive waste management system including minimization recycling reuse waste to energy and landfill reduction elements at cost competitive with those of unacceptable mass collectionlandfill disposal operations

bull Up to 70 diversion of materials from landfills with the productive use of those diverted materials first in reuse needs and secondly through clean waste to energy applications

bull Almost total diversion rates with the conversion of composts ashes sewer sludges and yard wastes into natural fertilizers

bull Increased industrial competitiveness ndash preserves and protects jobs

Municipal amp Community BenefitsMunicipal amp Community Benefits

bull Industry can continue to burn lower cost regional coals including waste grades

bull Energy costs can be lowered through the use of ldquothrow-awayrdquo wastes as productive fuels

bull Continued low energy costs protect competitiveness and jobs

bull Proof that a cleaner environment can economically coexist with continuing low industrial energy costs

Industry BenefitsIndustry Benefits

bull Reduce land contamination Practical and affordable recycling and reuse programs will keep a high proportion of waste out of landfills Substantially lower dependence on landfills

bull Reduce air contaminationbull Protect resources Productive reuse of waste resources means lower rate of use of

new resources bull From maximizing the economic use of spent resources to clean utilization of the

huge supplies of problem amp waste coals industrialmunicipal economics and the environment become friendlier rather than increasingly adversarial

bull Promote natural fertilizers to replace chemical based ones Combine yard wastes ashes composts and sewage sludges with nutrients to produce natural fertilizers fills and soil extenders

Environmental Benefits

east electric company LLC

Our whole experience is at your service We hope you will make use of it We should appreciate the opportunity of showing how efficiently we can serve you If we can answer any questions we shall be glad to do so

Thank you for your time

  • Slide 1
  • Slide 2
  • Slide 3
  • Slide 4
  • Slide 5
  • Slide 6
  • Slide 7
  • Slide 8
  • Slide 9
  • Slide 10
  • Slide 11
  • Slide 12
  • Slide 13
  • Slide 14
  • Slide 15
  • Slide 16
  • Slide 17
  • Slide 18
  • Slide 19
  • Slide 20
  • Slide 21
  • Slide 22
Page 11: Prof. George Angelow President and CEO investment program is member of Lions Club, Paris e ast e lectric c ompany, LLC. 242 Concord Rd., Wayland, Mass

Sorting line and Baler

Reduce waste stream by 20

Additional sorting equipment

Removes 45 of waste stream Adds composting

Reduces waste stream another

10

ROTARY CASCADING BED COMBUSTOR

Description Of Proposed TechnologyDescription Of Proposed Technology

Reduce entire waste stream to an ash for Composting Land reclamation

Concrete manufacturing

NEW UNIQUE DESIGN

Clean combustion ofdiverse fuels and wastes ranging from high sulfur coals to municipalsolid wastes

Over 3500 hours of boilerGasification Technology

ROTARY CASCADING BED COMBUSTOR

Four-phased approach to building a Waste to Energy Material Recovery Facility

Capacity ranging 80000 up to 100000 Lday

The water pretreatment and purification process include UV sterilization water ozonation deionization reverse osmosis and water distillers

east electric company customize the specific design select the right equipment and construct the potable water shop

In addition to the waste to power plant a potable water bottling equipment system may be constructed in order to produce high quality water

Potable Water Bottling PlantPotable Water Bottling Plant

Commercial Risks Construction risks - 0 Operating risks depends on managers

Fuel risks - 0 Market risks - 0 Currency related risks - 0 Environmental risks - 0

Political risks Adverse changes in law Inflation Expropriation

Identifying local legal risks

Choice of law

Government guarantees

Currency convertibility

Changes in taxes and duties

Force majeure

Country risk Adequacy of national regulatory framework

Overview of various risksOverview of various risks

Project FinancingProject FinancingThe Project Financing is an eecrsquos obligation as Financial Advisor

The Investorrsquos Project Financing must be secured by the local administration ndash government or as usually munici-pality that assign the service and acquire social effect for their people and eco-environment improvement for thewhole people of the world

GuaranteesThe waste treatment projects usually require comprehensive environmental study- long-term screening of the waste collection transport and landfill engineering design and financial project plus cash down prepayment prior to order and supply the equipment and build the shop 1 Financing Guarantee Secure the Investorrsquos preliminary expenses in 16 ndash 20 of

the Project value2 Equity Guarantee Secure 100 of the equipment and other acquisitions ndash the ownership and the conditions of right operation that returns the investment with the interests and earns the planed profit

Requirements to Sponsor (Investor) for Provision of Project Financing(General accepted rules)

Specific know-how and experience of Sponsor

Strong commitment of Sponsor contribution of own funds of at least 15-30 of total Investment

Sound financial structure with adequate risk sharing between parties Sponsor holds majority in Project Company or has at least major influence on decision-making

Project implementation and operation phases are supervised by Sponsor

Sponsor is involved in management of Project Company

Financially viable project

Proven technology

Sponsor InvestorSponsor Investor

Requirements to Municipality (Government) for Provision of Guarantees(Particular required rules for municipal waste collection amp utilization)

1st Financing Bank Guarantee Letter of Indemnity issue to its Servicing Bank or to Municipality Bank or through these banks to Central Bank as security and application to issue Bank Guarantee certifying whereby its promise and recognizance to pay the noted amount if the Beneficiary fails to do that on specified dates

Municipality GovernmentMunicipality Government

2nd Equity Guarantee (i) Contract stipulating supply of equipment and operation and (ii) Pledge of said Equipment for the benefit of Issuing Bank on each stage single completed of development of the Project

NOTE In case the Municipality is not in a position to guarantee its Project eec may arrange for and provide a sponsor to do so or involve its own security for the bene- fit of the Project Company on venture-capital investment bases This will expensive the Projectmdashthe initial fees and operating costs

The typical amount of net energy that can be produced per ton of municipal waste is about 067 MWh of electricity Thus about 600 tons per day of waste will produce about 17 MW of electrical power each day through combustion

Benefits and costsBenefits and costs

1 ton of municipal waste 067 MWh of electricity

A new direction in Public-Private Investment Partnership forging constructive cost effective and environmentally sound alliances between government and industry for

bull The comprehensive management and reuse of municipal and industrial waste

bull The clean efficient utilization of high sulfur and waste goals with non-recyclable spent resources in the generation of industrial power both process steam and co generated electricity

BenefitsBenefits

bull No increased waste disposal costs for the taxpayer A community can have a comprehensive waste management system including minimization recycling reuse waste to energy and landfill reduction elements at cost competitive with those of unacceptable mass collectionlandfill disposal operations

bull Up to 70 diversion of materials from landfills with the productive use of those diverted materials first in reuse needs and secondly through clean waste to energy applications

bull Almost total diversion rates with the conversion of composts ashes sewer sludges and yard wastes into natural fertilizers

bull Increased industrial competitiveness ndash preserves and protects jobs

Municipal amp Community BenefitsMunicipal amp Community Benefits

bull Industry can continue to burn lower cost regional coals including waste grades

bull Energy costs can be lowered through the use of ldquothrow-awayrdquo wastes as productive fuels

bull Continued low energy costs protect competitiveness and jobs

bull Proof that a cleaner environment can economically coexist with continuing low industrial energy costs

Industry BenefitsIndustry Benefits

bull Reduce land contamination Practical and affordable recycling and reuse programs will keep a high proportion of waste out of landfills Substantially lower dependence on landfills

bull Reduce air contaminationbull Protect resources Productive reuse of waste resources means lower rate of use of

new resources bull From maximizing the economic use of spent resources to clean utilization of the

huge supplies of problem amp waste coals industrialmunicipal economics and the environment become friendlier rather than increasingly adversarial

bull Promote natural fertilizers to replace chemical based ones Combine yard wastes ashes composts and sewage sludges with nutrients to produce natural fertilizers fills and soil extenders

Environmental Benefits

east electric company LLC

Our whole experience is at your service We hope you will make use of it We should appreciate the opportunity of showing how efficiently we can serve you If we can answer any questions we shall be glad to do so

Thank you for your time

  • Slide 1
  • Slide 2
  • Slide 3
  • Slide 4
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Page 12: Prof. George Angelow President and CEO investment program is member of Lions Club, Paris e ast e lectric c ompany, LLC. 242 Concord Rd., Wayland, Mass

Capacity ranging 80000 up to 100000 Lday

The water pretreatment and purification process include UV sterilization water ozonation deionization reverse osmosis and water distillers

east electric company customize the specific design select the right equipment and construct the potable water shop

In addition to the waste to power plant a potable water bottling equipment system may be constructed in order to produce high quality water

Potable Water Bottling PlantPotable Water Bottling Plant

Commercial Risks Construction risks - 0 Operating risks depends on managers

Fuel risks - 0 Market risks - 0 Currency related risks - 0 Environmental risks - 0

Political risks Adverse changes in law Inflation Expropriation

Identifying local legal risks

Choice of law

Government guarantees

Currency convertibility

Changes in taxes and duties

Force majeure

Country risk Adequacy of national regulatory framework

Overview of various risksOverview of various risks

Project FinancingProject FinancingThe Project Financing is an eecrsquos obligation as Financial Advisor

The Investorrsquos Project Financing must be secured by the local administration ndash government or as usually munici-pality that assign the service and acquire social effect for their people and eco-environment improvement for thewhole people of the world

GuaranteesThe waste treatment projects usually require comprehensive environmental study- long-term screening of the waste collection transport and landfill engineering design and financial project plus cash down prepayment prior to order and supply the equipment and build the shop 1 Financing Guarantee Secure the Investorrsquos preliminary expenses in 16 ndash 20 of

the Project value2 Equity Guarantee Secure 100 of the equipment and other acquisitions ndash the ownership and the conditions of right operation that returns the investment with the interests and earns the planed profit

Requirements to Sponsor (Investor) for Provision of Project Financing(General accepted rules)

Specific know-how and experience of Sponsor

Strong commitment of Sponsor contribution of own funds of at least 15-30 of total Investment

Sound financial structure with adequate risk sharing between parties Sponsor holds majority in Project Company or has at least major influence on decision-making

Project implementation and operation phases are supervised by Sponsor

Sponsor is involved in management of Project Company

Financially viable project

Proven technology

Sponsor InvestorSponsor Investor

Requirements to Municipality (Government) for Provision of Guarantees(Particular required rules for municipal waste collection amp utilization)

1st Financing Bank Guarantee Letter of Indemnity issue to its Servicing Bank or to Municipality Bank or through these banks to Central Bank as security and application to issue Bank Guarantee certifying whereby its promise and recognizance to pay the noted amount if the Beneficiary fails to do that on specified dates

Municipality GovernmentMunicipality Government

2nd Equity Guarantee (i) Contract stipulating supply of equipment and operation and (ii) Pledge of said Equipment for the benefit of Issuing Bank on each stage single completed of development of the Project

NOTE In case the Municipality is not in a position to guarantee its Project eec may arrange for and provide a sponsor to do so or involve its own security for the bene- fit of the Project Company on venture-capital investment bases This will expensive the Projectmdashthe initial fees and operating costs

The typical amount of net energy that can be produced per ton of municipal waste is about 067 MWh of electricity Thus about 600 tons per day of waste will produce about 17 MW of electrical power each day through combustion

Benefits and costsBenefits and costs

1 ton of municipal waste 067 MWh of electricity

A new direction in Public-Private Investment Partnership forging constructive cost effective and environmentally sound alliances between government and industry for

bull The comprehensive management and reuse of municipal and industrial waste

bull The clean efficient utilization of high sulfur and waste goals with non-recyclable spent resources in the generation of industrial power both process steam and co generated electricity

BenefitsBenefits

bull No increased waste disposal costs for the taxpayer A community can have a comprehensive waste management system including minimization recycling reuse waste to energy and landfill reduction elements at cost competitive with those of unacceptable mass collectionlandfill disposal operations

bull Up to 70 diversion of materials from landfills with the productive use of those diverted materials first in reuse needs and secondly through clean waste to energy applications

bull Almost total diversion rates with the conversion of composts ashes sewer sludges and yard wastes into natural fertilizers

bull Increased industrial competitiveness ndash preserves and protects jobs

Municipal amp Community BenefitsMunicipal amp Community Benefits

bull Industry can continue to burn lower cost regional coals including waste grades

bull Energy costs can be lowered through the use of ldquothrow-awayrdquo wastes as productive fuels

bull Continued low energy costs protect competitiveness and jobs

bull Proof that a cleaner environment can economically coexist with continuing low industrial energy costs

Industry BenefitsIndustry Benefits

bull Reduce land contamination Practical and affordable recycling and reuse programs will keep a high proportion of waste out of landfills Substantially lower dependence on landfills

bull Reduce air contaminationbull Protect resources Productive reuse of waste resources means lower rate of use of

new resources bull From maximizing the economic use of spent resources to clean utilization of the

huge supplies of problem amp waste coals industrialmunicipal economics and the environment become friendlier rather than increasingly adversarial

bull Promote natural fertilizers to replace chemical based ones Combine yard wastes ashes composts and sewage sludges with nutrients to produce natural fertilizers fills and soil extenders

Environmental Benefits

east electric company LLC

Our whole experience is at your service We hope you will make use of it We should appreciate the opportunity of showing how efficiently we can serve you If we can answer any questions we shall be glad to do so

Thank you for your time

  • Slide 1
  • Slide 2
  • Slide 3
  • Slide 4
  • Slide 5
  • Slide 6
  • Slide 7
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Page 13: Prof. George Angelow President and CEO investment program is member of Lions Club, Paris e ast e lectric c ompany, LLC. 242 Concord Rd., Wayland, Mass

Commercial Risks Construction risks - 0 Operating risks depends on managers

Fuel risks - 0 Market risks - 0 Currency related risks - 0 Environmental risks - 0

Political risks Adverse changes in law Inflation Expropriation

Identifying local legal risks

Choice of law

Government guarantees

Currency convertibility

Changes in taxes and duties

Force majeure

Country risk Adequacy of national regulatory framework

Overview of various risksOverview of various risks

Project FinancingProject FinancingThe Project Financing is an eecrsquos obligation as Financial Advisor

The Investorrsquos Project Financing must be secured by the local administration ndash government or as usually munici-pality that assign the service and acquire social effect for their people and eco-environment improvement for thewhole people of the world

GuaranteesThe waste treatment projects usually require comprehensive environmental study- long-term screening of the waste collection transport and landfill engineering design and financial project plus cash down prepayment prior to order and supply the equipment and build the shop 1 Financing Guarantee Secure the Investorrsquos preliminary expenses in 16 ndash 20 of

the Project value2 Equity Guarantee Secure 100 of the equipment and other acquisitions ndash the ownership and the conditions of right operation that returns the investment with the interests and earns the planed profit

Requirements to Sponsor (Investor) for Provision of Project Financing(General accepted rules)

Specific know-how and experience of Sponsor

Strong commitment of Sponsor contribution of own funds of at least 15-30 of total Investment

Sound financial structure with adequate risk sharing between parties Sponsor holds majority in Project Company or has at least major influence on decision-making

Project implementation and operation phases are supervised by Sponsor

Sponsor is involved in management of Project Company

Financially viable project

Proven technology

Sponsor InvestorSponsor Investor

Requirements to Municipality (Government) for Provision of Guarantees(Particular required rules for municipal waste collection amp utilization)

1st Financing Bank Guarantee Letter of Indemnity issue to its Servicing Bank or to Municipality Bank or through these banks to Central Bank as security and application to issue Bank Guarantee certifying whereby its promise and recognizance to pay the noted amount if the Beneficiary fails to do that on specified dates

Municipality GovernmentMunicipality Government

2nd Equity Guarantee (i) Contract stipulating supply of equipment and operation and (ii) Pledge of said Equipment for the benefit of Issuing Bank on each stage single completed of development of the Project

NOTE In case the Municipality is not in a position to guarantee its Project eec may arrange for and provide a sponsor to do so or involve its own security for the bene- fit of the Project Company on venture-capital investment bases This will expensive the Projectmdashthe initial fees and operating costs

The typical amount of net energy that can be produced per ton of municipal waste is about 067 MWh of electricity Thus about 600 tons per day of waste will produce about 17 MW of electrical power each day through combustion

Benefits and costsBenefits and costs

1 ton of municipal waste 067 MWh of electricity

A new direction in Public-Private Investment Partnership forging constructive cost effective and environmentally sound alliances between government and industry for

bull The comprehensive management and reuse of municipal and industrial waste

bull The clean efficient utilization of high sulfur and waste goals with non-recyclable spent resources in the generation of industrial power both process steam and co generated electricity

BenefitsBenefits

bull No increased waste disposal costs for the taxpayer A community can have a comprehensive waste management system including minimization recycling reuse waste to energy and landfill reduction elements at cost competitive with those of unacceptable mass collectionlandfill disposal operations

bull Up to 70 diversion of materials from landfills with the productive use of those diverted materials first in reuse needs and secondly through clean waste to energy applications

bull Almost total diversion rates with the conversion of composts ashes sewer sludges and yard wastes into natural fertilizers

bull Increased industrial competitiveness ndash preserves and protects jobs

Municipal amp Community BenefitsMunicipal amp Community Benefits

bull Industry can continue to burn lower cost regional coals including waste grades

bull Energy costs can be lowered through the use of ldquothrow-awayrdquo wastes as productive fuels

bull Continued low energy costs protect competitiveness and jobs

bull Proof that a cleaner environment can economically coexist with continuing low industrial energy costs

Industry BenefitsIndustry Benefits

bull Reduce land contamination Practical and affordable recycling and reuse programs will keep a high proportion of waste out of landfills Substantially lower dependence on landfills

bull Reduce air contaminationbull Protect resources Productive reuse of waste resources means lower rate of use of

new resources bull From maximizing the economic use of spent resources to clean utilization of the

huge supplies of problem amp waste coals industrialmunicipal economics and the environment become friendlier rather than increasingly adversarial

bull Promote natural fertilizers to replace chemical based ones Combine yard wastes ashes composts and sewage sludges with nutrients to produce natural fertilizers fills and soil extenders

Environmental Benefits

east electric company LLC

Our whole experience is at your service We hope you will make use of it We should appreciate the opportunity of showing how efficiently we can serve you If we can answer any questions we shall be glad to do so

Thank you for your time

  • Slide 1
  • Slide 2
  • Slide 3
  • Slide 4
  • Slide 5
  • Slide 6
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Page 14: Prof. George Angelow President and CEO investment program is member of Lions Club, Paris e ast e lectric c ompany, LLC. 242 Concord Rd., Wayland, Mass

Project FinancingProject FinancingThe Project Financing is an eecrsquos obligation as Financial Advisor

The Investorrsquos Project Financing must be secured by the local administration ndash government or as usually munici-pality that assign the service and acquire social effect for their people and eco-environment improvement for thewhole people of the world

GuaranteesThe waste treatment projects usually require comprehensive environmental study- long-term screening of the waste collection transport and landfill engineering design and financial project plus cash down prepayment prior to order and supply the equipment and build the shop 1 Financing Guarantee Secure the Investorrsquos preliminary expenses in 16 ndash 20 of

the Project value2 Equity Guarantee Secure 100 of the equipment and other acquisitions ndash the ownership and the conditions of right operation that returns the investment with the interests and earns the planed profit

Requirements to Sponsor (Investor) for Provision of Project Financing(General accepted rules)

Specific know-how and experience of Sponsor

Strong commitment of Sponsor contribution of own funds of at least 15-30 of total Investment

Sound financial structure with adequate risk sharing between parties Sponsor holds majority in Project Company or has at least major influence on decision-making

Project implementation and operation phases are supervised by Sponsor

Sponsor is involved in management of Project Company

Financially viable project

Proven technology

Sponsor InvestorSponsor Investor

Requirements to Municipality (Government) for Provision of Guarantees(Particular required rules for municipal waste collection amp utilization)

1st Financing Bank Guarantee Letter of Indemnity issue to its Servicing Bank or to Municipality Bank or through these banks to Central Bank as security and application to issue Bank Guarantee certifying whereby its promise and recognizance to pay the noted amount if the Beneficiary fails to do that on specified dates

Municipality GovernmentMunicipality Government

2nd Equity Guarantee (i) Contract stipulating supply of equipment and operation and (ii) Pledge of said Equipment for the benefit of Issuing Bank on each stage single completed of development of the Project

NOTE In case the Municipality is not in a position to guarantee its Project eec may arrange for and provide a sponsor to do so or involve its own security for the bene- fit of the Project Company on venture-capital investment bases This will expensive the Projectmdashthe initial fees and operating costs

The typical amount of net energy that can be produced per ton of municipal waste is about 067 MWh of electricity Thus about 600 tons per day of waste will produce about 17 MW of electrical power each day through combustion

Benefits and costsBenefits and costs

1 ton of municipal waste 067 MWh of electricity

A new direction in Public-Private Investment Partnership forging constructive cost effective and environmentally sound alliances between government and industry for

bull The comprehensive management and reuse of municipal and industrial waste

bull The clean efficient utilization of high sulfur and waste goals with non-recyclable spent resources in the generation of industrial power both process steam and co generated electricity

BenefitsBenefits

bull No increased waste disposal costs for the taxpayer A community can have a comprehensive waste management system including minimization recycling reuse waste to energy and landfill reduction elements at cost competitive with those of unacceptable mass collectionlandfill disposal operations

bull Up to 70 diversion of materials from landfills with the productive use of those diverted materials first in reuse needs and secondly through clean waste to energy applications

bull Almost total diversion rates with the conversion of composts ashes sewer sludges and yard wastes into natural fertilizers

bull Increased industrial competitiveness ndash preserves and protects jobs

Municipal amp Community BenefitsMunicipal amp Community Benefits

bull Industry can continue to burn lower cost regional coals including waste grades

bull Energy costs can be lowered through the use of ldquothrow-awayrdquo wastes as productive fuels

bull Continued low energy costs protect competitiveness and jobs

bull Proof that a cleaner environment can economically coexist with continuing low industrial energy costs

Industry BenefitsIndustry Benefits

bull Reduce land contamination Practical and affordable recycling and reuse programs will keep a high proportion of waste out of landfills Substantially lower dependence on landfills

bull Reduce air contaminationbull Protect resources Productive reuse of waste resources means lower rate of use of

new resources bull From maximizing the economic use of spent resources to clean utilization of the

huge supplies of problem amp waste coals industrialmunicipal economics and the environment become friendlier rather than increasingly adversarial

bull Promote natural fertilizers to replace chemical based ones Combine yard wastes ashes composts and sewage sludges with nutrients to produce natural fertilizers fills and soil extenders

Environmental Benefits

east electric company LLC

Our whole experience is at your service We hope you will make use of it We should appreciate the opportunity of showing how efficiently we can serve you If we can answer any questions we shall be glad to do so

Thank you for your time

  • Slide 1
  • Slide 2
  • Slide 3
  • Slide 4
  • Slide 5
  • Slide 6
  • Slide 7
  • Slide 8
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  • Slide 22
Page 15: Prof. George Angelow President and CEO investment program is member of Lions Club, Paris e ast e lectric c ompany, LLC. 242 Concord Rd., Wayland, Mass

Requirements to Sponsor (Investor) for Provision of Project Financing(General accepted rules)

Specific know-how and experience of Sponsor

Strong commitment of Sponsor contribution of own funds of at least 15-30 of total Investment

Sound financial structure with adequate risk sharing between parties Sponsor holds majority in Project Company or has at least major influence on decision-making

Project implementation and operation phases are supervised by Sponsor

Sponsor is involved in management of Project Company

Financially viable project

Proven technology

Sponsor InvestorSponsor Investor

Requirements to Municipality (Government) for Provision of Guarantees(Particular required rules for municipal waste collection amp utilization)

1st Financing Bank Guarantee Letter of Indemnity issue to its Servicing Bank or to Municipality Bank or through these banks to Central Bank as security and application to issue Bank Guarantee certifying whereby its promise and recognizance to pay the noted amount if the Beneficiary fails to do that on specified dates

Municipality GovernmentMunicipality Government

2nd Equity Guarantee (i) Contract stipulating supply of equipment and operation and (ii) Pledge of said Equipment for the benefit of Issuing Bank on each stage single completed of development of the Project

NOTE In case the Municipality is not in a position to guarantee its Project eec may arrange for and provide a sponsor to do so or involve its own security for the bene- fit of the Project Company on venture-capital investment bases This will expensive the Projectmdashthe initial fees and operating costs

The typical amount of net energy that can be produced per ton of municipal waste is about 067 MWh of electricity Thus about 600 tons per day of waste will produce about 17 MW of electrical power each day through combustion

Benefits and costsBenefits and costs

1 ton of municipal waste 067 MWh of electricity

A new direction in Public-Private Investment Partnership forging constructive cost effective and environmentally sound alliances between government and industry for

bull The comprehensive management and reuse of municipal and industrial waste

bull The clean efficient utilization of high sulfur and waste goals with non-recyclable spent resources in the generation of industrial power both process steam and co generated electricity

BenefitsBenefits

bull No increased waste disposal costs for the taxpayer A community can have a comprehensive waste management system including minimization recycling reuse waste to energy and landfill reduction elements at cost competitive with those of unacceptable mass collectionlandfill disposal operations

bull Up to 70 diversion of materials from landfills with the productive use of those diverted materials first in reuse needs and secondly through clean waste to energy applications

bull Almost total diversion rates with the conversion of composts ashes sewer sludges and yard wastes into natural fertilizers

bull Increased industrial competitiveness ndash preserves and protects jobs

Municipal amp Community BenefitsMunicipal amp Community Benefits

bull Industry can continue to burn lower cost regional coals including waste grades

bull Energy costs can be lowered through the use of ldquothrow-awayrdquo wastes as productive fuels

bull Continued low energy costs protect competitiveness and jobs

bull Proof that a cleaner environment can economically coexist with continuing low industrial energy costs

Industry BenefitsIndustry Benefits

bull Reduce land contamination Practical and affordable recycling and reuse programs will keep a high proportion of waste out of landfills Substantially lower dependence on landfills

bull Reduce air contaminationbull Protect resources Productive reuse of waste resources means lower rate of use of

new resources bull From maximizing the economic use of spent resources to clean utilization of the

huge supplies of problem amp waste coals industrialmunicipal economics and the environment become friendlier rather than increasingly adversarial

bull Promote natural fertilizers to replace chemical based ones Combine yard wastes ashes composts and sewage sludges with nutrients to produce natural fertilizers fills and soil extenders

Environmental Benefits

east electric company LLC

Our whole experience is at your service We hope you will make use of it We should appreciate the opportunity of showing how efficiently we can serve you If we can answer any questions we shall be glad to do so

Thank you for your time

  • Slide 1
  • Slide 2
  • Slide 3
  • Slide 4
  • Slide 5
  • Slide 6
  • Slide 7
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  • Slide 22
Page 16: Prof. George Angelow President and CEO investment program is member of Lions Club, Paris e ast e lectric c ompany, LLC. 242 Concord Rd., Wayland, Mass

Requirements to Municipality (Government) for Provision of Guarantees(Particular required rules for municipal waste collection amp utilization)

1st Financing Bank Guarantee Letter of Indemnity issue to its Servicing Bank or to Municipality Bank or through these banks to Central Bank as security and application to issue Bank Guarantee certifying whereby its promise and recognizance to pay the noted amount if the Beneficiary fails to do that on specified dates

Municipality GovernmentMunicipality Government

2nd Equity Guarantee (i) Contract stipulating supply of equipment and operation and (ii) Pledge of said Equipment for the benefit of Issuing Bank on each stage single completed of development of the Project

NOTE In case the Municipality is not in a position to guarantee its Project eec may arrange for and provide a sponsor to do so or involve its own security for the bene- fit of the Project Company on venture-capital investment bases This will expensive the Projectmdashthe initial fees and operating costs

The typical amount of net energy that can be produced per ton of municipal waste is about 067 MWh of electricity Thus about 600 tons per day of waste will produce about 17 MW of electrical power each day through combustion

Benefits and costsBenefits and costs

1 ton of municipal waste 067 MWh of electricity

A new direction in Public-Private Investment Partnership forging constructive cost effective and environmentally sound alliances between government and industry for

bull The comprehensive management and reuse of municipal and industrial waste

bull The clean efficient utilization of high sulfur and waste goals with non-recyclable spent resources in the generation of industrial power both process steam and co generated electricity

BenefitsBenefits

bull No increased waste disposal costs for the taxpayer A community can have a comprehensive waste management system including minimization recycling reuse waste to energy and landfill reduction elements at cost competitive with those of unacceptable mass collectionlandfill disposal operations

bull Up to 70 diversion of materials from landfills with the productive use of those diverted materials first in reuse needs and secondly through clean waste to energy applications

bull Almost total diversion rates with the conversion of composts ashes sewer sludges and yard wastes into natural fertilizers

bull Increased industrial competitiveness ndash preserves and protects jobs

Municipal amp Community BenefitsMunicipal amp Community Benefits

bull Industry can continue to burn lower cost regional coals including waste grades

bull Energy costs can be lowered through the use of ldquothrow-awayrdquo wastes as productive fuels

bull Continued low energy costs protect competitiveness and jobs

bull Proof that a cleaner environment can economically coexist with continuing low industrial energy costs

Industry BenefitsIndustry Benefits

bull Reduce land contamination Practical and affordable recycling and reuse programs will keep a high proportion of waste out of landfills Substantially lower dependence on landfills

bull Reduce air contaminationbull Protect resources Productive reuse of waste resources means lower rate of use of

new resources bull From maximizing the economic use of spent resources to clean utilization of the

huge supplies of problem amp waste coals industrialmunicipal economics and the environment become friendlier rather than increasingly adversarial

bull Promote natural fertilizers to replace chemical based ones Combine yard wastes ashes composts and sewage sludges with nutrients to produce natural fertilizers fills and soil extenders

Environmental Benefits

east electric company LLC

Our whole experience is at your service We hope you will make use of it We should appreciate the opportunity of showing how efficiently we can serve you If we can answer any questions we shall be glad to do so

Thank you for your time

  • Slide 1
  • Slide 2
  • Slide 3
  • Slide 4
  • Slide 5
  • Slide 6
  • Slide 7
  • Slide 8
  • Slide 9
  • Slide 10
  • Slide 11
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  • Slide 20
  • Slide 21
  • Slide 22
Page 17: Prof. George Angelow President and CEO investment program is member of Lions Club, Paris e ast e lectric c ompany, LLC. 242 Concord Rd., Wayland, Mass

The typical amount of net energy that can be produced per ton of municipal waste is about 067 MWh of electricity Thus about 600 tons per day of waste will produce about 17 MW of electrical power each day through combustion

Benefits and costsBenefits and costs

1 ton of municipal waste 067 MWh of electricity

A new direction in Public-Private Investment Partnership forging constructive cost effective and environmentally sound alliances between government and industry for

bull The comprehensive management and reuse of municipal and industrial waste

bull The clean efficient utilization of high sulfur and waste goals with non-recyclable spent resources in the generation of industrial power both process steam and co generated electricity

BenefitsBenefits

bull No increased waste disposal costs for the taxpayer A community can have a comprehensive waste management system including minimization recycling reuse waste to energy and landfill reduction elements at cost competitive with those of unacceptable mass collectionlandfill disposal operations

bull Up to 70 diversion of materials from landfills with the productive use of those diverted materials first in reuse needs and secondly through clean waste to energy applications

bull Almost total diversion rates with the conversion of composts ashes sewer sludges and yard wastes into natural fertilizers

bull Increased industrial competitiveness ndash preserves and protects jobs

Municipal amp Community BenefitsMunicipal amp Community Benefits

bull Industry can continue to burn lower cost regional coals including waste grades

bull Energy costs can be lowered through the use of ldquothrow-awayrdquo wastes as productive fuels

bull Continued low energy costs protect competitiveness and jobs

bull Proof that a cleaner environment can economically coexist with continuing low industrial energy costs

Industry BenefitsIndustry Benefits

bull Reduce land contamination Practical and affordable recycling and reuse programs will keep a high proportion of waste out of landfills Substantially lower dependence on landfills

bull Reduce air contaminationbull Protect resources Productive reuse of waste resources means lower rate of use of

new resources bull From maximizing the economic use of spent resources to clean utilization of the

huge supplies of problem amp waste coals industrialmunicipal economics and the environment become friendlier rather than increasingly adversarial

bull Promote natural fertilizers to replace chemical based ones Combine yard wastes ashes composts and sewage sludges with nutrients to produce natural fertilizers fills and soil extenders

Environmental Benefits

east electric company LLC

Our whole experience is at your service We hope you will make use of it We should appreciate the opportunity of showing how efficiently we can serve you If we can answer any questions we shall be glad to do so

Thank you for your time

  • Slide 1
  • Slide 2
  • Slide 3
  • Slide 4
  • Slide 5
  • Slide 6
  • Slide 7
  • Slide 8
  • Slide 9
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  • Slide 22
Page 18: Prof. George Angelow President and CEO investment program is member of Lions Club, Paris e ast e lectric c ompany, LLC. 242 Concord Rd., Wayland, Mass

A new direction in Public-Private Investment Partnership forging constructive cost effective and environmentally sound alliances between government and industry for

bull The comprehensive management and reuse of municipal and industrial waste

bull The clean efficient utilization of high sulfur and waste goals with non-recyclable spent resources in the generation of industrial power both process steam and co generated electricity

BenefitsBenefits

bull No increased waste disposal costs for the taxpayer A community can have a comprehensive waste management system including minimization recycling reuse waste to energy and landfill reduction elements at cost competitive with those of unacceptable mass collectionlandfill disposal operations

bull Up to 70 diversion of materials from landfills with the productive use of those diverted materials first in reuse needs and secondly through clean waste to energy applications

bull Almost total diversion rates with the conversion of composts ashes sewer sludges and yard wastes into natural fertilizers

bull Increased industrial competitiveness ndash preserves and protects jobs

Municipal amp Community BenefitsMunicipal amp Community Benefits

bull Industry can continue to burn lower cost regional coals including waste grades

bull Energy costs can be lowered through the use of ldquothrow-awayrdquo wastes as productive fuels

bull Continued low energy costs protect competitiveness and jobs

bull Proof that a cleaner environment can economically coexist with continuing low industrial energy costs

Industry BenefitsIndustry Benefits

bull Reduce land contamination Practical and affordable recycling and reuse programs will keep a high proportion of waste out of landfills Substantially lower dependence on landfills

bull Reduce air contaminationbull Protect resources Productive reuse of waste resources means lower rate of use of

new resources bull From maximizing the economic use of spent resources to clean utilization of the

huge supplies of problem amp waste coals industrialmunicipal economics and the environment become friendlier rather than increasingly adversarial

bull Promote natural fertilizers to replace chemical based ones Combine yard wastes ashes composts and sewage sludges with nutrients to produce natural fertilizers fills and soil extenders

Environmental Benefits

east electric company LLC

Our whole experience is at your service We hope you will make use of it We should appreciate the opportunity of showing how efficiently we can serve you If we can answer any questions we shall be glad to do so

Thank you for your time

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Page 19: Prof. George Angelow President and CEO investment program is member of Lions Club, Paris e ast e lectric c ompany, LLC. 242 Concord Rd., Wayland, Mass

bull No increased waste disposal costs for the taxpayer A community can have a comprehensive waste management system including minimization recycling reuse waste to energy and landfill reduction elements at cost competitive with those of unacceptable mass collectionlandfill disposal operations

bull Up to 70 diversion of materials from landfills with the productive use of those diverted materials first in reuse needs and secondly through clean waste to energy applications

bull Almost total diversion rates with the conversion of composts ashes sewer sludges and yard wastes into natural fertilizers

bull Increased industrial competitiveness ndash preserves and protects jobs

Municipal amp Community BenefitsMunicipal amp Community Benefits

bull Industry can continue to burn lower cost regional coals including waste grades

bull Energy costs can be lowered through the use of ldquothrow-awayrdquo wastes as productive fuels

bull Continued low energy costs protect competitiveness and jobs

bull Proof that a cleaner environment can economically coexist with continuing low industrial energy costs

Industry BenefitsIndustry Benefits

bull Reduce land contamination Practical and affordable recycling and reuse programs will keep a high proportion of waste out of landfills Substantially lower dependence on landfills

bull Reduce air contaminationbull Protect resources Productive reuse of waste resources means lower rate of use of

new resources bull From maximizing the economic use of spent resources to clean utilization of the

huge supplies of problem amp waste coals industrialmunicipal economics and the environment become friendlier rather than increasingly adversarial

bull Promote natural fertilizers to replace chemical based ones Combine yard wastes ashes composts and sewage sludges with nutrients to produce natural fertilizers fills and soil extenders

Environmental Benefits

east electric company LLC

Our whole experience is at your service We hope you will make use of it We should appreciate the opportunity of showing how efficiently we can serve you If we can answer any questions we shall be glad to do so

Thank you for your time

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Page 20: Prof. George Angelow President and CEO investment program is member of Lions Club, Paris e ast e lectric c ompany, LLC. 242 Concord Rd., Wayland, Mass

bull Industry can continue to burn lower cost regional coals including waste grades

bull Energy costs can be lowered through the use of ldquothrow-awayrdquo wastes as productive fuels

bull Continued low energy costs protect competitiveness and jobs

bull Proof that a cleaner environment can economically coexist with continuing low industrial energy costs

Industry BenefitsIndustry Benefits

bull Reduce land contamination Practical and affordable recycling and reuse programs will keep a high proportion of waste out of landfills Substantially lower dependence on landfills

bull Reduce air contaminationbull Protect resources Productive reuse of waste resources means lower rate of use of

new resources bull From maximizing the economic use of spent resources to clean utilization of the

huge supplies of problem amp waste coals industrialmunicipal economics and the environment become friendlier rather than increasingly adversarial

bull Promote natural fertilizers to replace chemical based ones Combine yard wastes ashes composts and sewage sludges with nutrients to produce natural fertilizers fills and soil extenders

Environmental Benefits

east electric company LLC

Our whole experience is at your service We hope you will make use of it We should appreciate the opportunity of showing how efficiently we can serve you If we can answer any questions we shall be glad to do so

Thank you for your time

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Page 21: Prof. George Angelow President and CEO investment program is member of Lions Club, Paris e ast e lectric c ompany, LLC. 242 Concord Rd., Wayland, Mass

bull Reduce land contamination Practical and affordable recycling and reuse programs will keep a high proportion of waste out of landfills Substantially lower dependence on landfills

bull Reduce air contaminationbull Protect resources Productive reuse of waste resources means lower rate of use of

new resources bull From maximizing the economic use of spent resources to clean utilization of the

huge supplies of problem amp waste coals industrialmunicipal economics and the environment become friendlier rather than increasingly adversarial

bull Promote natural fertilizers to replace chemical based ones Combine yard wastes ashes composts and sewage sludges with nutrients to produce natural fertilizers fills and soil extenders

Environmental Benefits

east electric company LLC

Our whole experience is at your service We hope you will make use of it We should appreciate the opportunity of showing how efficiently we can serve you If we can answer any questions we shall be glad to do so

Thank you for your time

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Page 22: Prof. George Angelow President and CEO investment program is member of Lions Club, Paris e ast e lectric c ompany, LLC. 242 Concord Rd., Wayland, Mass

east electric company LLC

Our whole experience is at your service We hope you will make use of it We should appreciate the opportunity of showing how efficiently we can serve you If we can answer any questions we shall be glad to do so

Thank you for your time

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