Carthage Power Company

General
Project company Plant location COD	Carthage Power Company (“CPC”) Radès, Tunisia May 2002
Transaction
Financial close BTU equity interest Equity partner	May 20, 2004 60% Marubeni Power Holdings BV 40%
Project Costs & Financing
Total project cost Debt:equity ratio Lenders	$260 million 70:30 BNP Paribas, UFJ Bank Limited, Japan Bank for International Cooperation
Operations
Concession Plant capacity Plant type EPC O&M Fuel supplier Offtaker	Build-Own-Operate-Transfer (20 yrs) 471.3 MW Combined cycle, gas-fired Alstom BTU STEAG O&M Services Company Société Tunisienne de l’Electricité et du Gaz (20 yrs) Société Tunisienne de l’Electricité et du Gaz (20 yrs)
Technology
2 x GE 9E gas turbines 1 x Alstom steam turbine
Investment Highlights
CPC is Tunisia’s first independent power project company, representing more than 20% of the national generating capacity The Radès plant has demonstrated high levels of availability and efficiency since commencement of operations in 2002