The Company

Green Power Panay Philippines Inc. ("GPPPI") was formed in January 2008 to implement the feasibility study started in 2006 to deliver biomass-based electricity to the island of Panay in the Philippines. In December 2008 GPPPI signed 25-year Electricity Supply Agreements ("ESA's") with ILECO 1 and !LECO 2 of Iloilo in Panay Island after wilnning the supply contracts under the Request for Offers ("RFO") for Base-load Electricity of the Panay-Guimaras Power Supply Consortium. The RFO was initiated in August 2008 and awarded in December 2008.

GPPPI is a 100% Philippine subsidiary company of the Global Green Power PLC Corporation ("GGPC"). The current capitalization of GPPPI is Php 193,000,000:00 and now being increased to Php 300,000,00:00 through the Philippine Securities and Exchange Commission. The total project cost will be in the region of Php 2 Billion.

The Project

GPPPI initial project is the development of a 17.5 MW biomass power plant that has the capability of being expanded up to 35 MW. The biomass project is located in Mina, Panay, Philippines where GPPPI has acquired 5 Hectares of land for the equipment site. An additional 6 Hectares of land has been leased adjacent to the GPPPI Biomass Power Plant site in Mina to facilitate fuel storage.

The location of the Municipality of Mina is strategic in its' location for biomass collection and was selected due to this and the tremendous support shown by the Honorable Mayor Grabato and the Mina Municipal Council who have been extremely proactive in their support of the biomass project.

GPPPI's site "Ground Breaking" was held on 1st May 2009 and our site office opened in Mina on the 1st June 2009. The GPPPI office is managed by GPPPI's Mr. Ramon (Boy) Apura Sr., former General Manager and 34 year employee of the Electric Cooperative "ILECO 2" where the biomass power plant is embedded.

Poyry Energy Inc have been engaged to deliver "Owners Engineers" services to the project. Selection, Qualifying and Bidding of key equipment began 20th May 2009 to secure the "Best in Class" equipment for the project.

In March 2010 GPPPI has engaged with Poyry Energy Inc. part of Poyry PLC the fourth largest engineering company in the world to deliver Engineering Procurement and Construction ("EPC") services that guarantees the performance and timely delivery of GGPC biomass power plants. Key technology is provided by the Dragon Power Group's DP CleanTech and operations are supported by Dragon Power's National BioEnergy. National BioEnergy ("NBE") currently owns and operates 19 biomass power plants in China that deliver 400 MWe of electricity. NBE are concurrently building an additional 15 biomass power plants that will deliver an aggregate 1,000 MWe of biomass power by 2011.

The project will be delivered to and in some instances exceed the latest World bank and International Finance Corporation ("IFC") Health, Saftey and Environmental guidelines.

GPPPI Project Status

The company has moved quickly to mobilize and deliver clean, renewable energy to client Electric Cooperatives within Panay after winning bids for energy supply to the Panay Guimaras Power Supply Consortium ("PGPSC") which commenced August 2008. 25-year Energy Supply Agreements ("ESA's") were awarded to GPPPI in December 2008.

The company has:

• Signed 25-year Electricity Supply Agreements with AA+ rated Electric Cooperatives ILECO 1 & ILECO 2.
• Secured full Endorsement from the Department of Energy ("DOE") after extensive technical and financial review and investigation.
• Secured Philippine Board of Investment ("BOI") approval for the project as a Philippine Priority Project for a total of 35 MW of Biomass Power.
• Purchased 5 Hectares of land in Mina, Iloilo, Panay to facilitate the building of the first 17.5 MW Biomass Power Plant.
• Secured Environmental Compliance Certificate ("ECC") for a total of 35 MW of Biomass Power.
• Secured Barangay and Municipal licenses and authorizations for a total of 35 MW of Biomass Power.
• Completed bidding of key, long lead-time equipment such as Turbine Island and Boiler Island.
• Appointed Poyry Energy Inc as Owners Engineers for the project.
• Commenced development of the Clean Development Mechanism ("CDM") requirements to register the project to "Gold Standard".
• Completed initial Local and Regional "Consultations".
• Signed 12.5-year (renewable) Biomass Fuel Supply Agreements with Global Biomass PLC Corporation.
• Completed Site Investigation Works.
• Completed bidding of Site Preparation Works.
• Commenced civil engineering design and work at the GPPPI Mina site.
• Engaged ILECO 2 to build the GPPPI Transmission and Distribution lines to interconnect the Mina Biomass Power Plant to the Visayas Grid.
• Engaged the National Grid Corporation of the Philippines (NGCP) formerly TRANSCO to initiate the GPPPI Grid Impact Study.
• Secured ILECO 1 & ILECO 2 Board Resolutions and Secretaries Certificates to enable our joint application to the Energy Regulatory Commission (ERC) and engaged Legal Counsel to complete all necessary processes and documentation.
• Completed our Mina site clearance and transplanted trees under the Department of Environment and Natural Resources (DENR) authorities.
• Commenced a 2,300 tree-planting program to border our Mina plant site.
• Completed Bid evaluation of key equipment long lead equipment including Boiler Island and Turbine Island.
• Negotiated and contracted to purchase an additional 6 Hectares of land in Mina, Iloilo, Panay, for Biomass storage, adjacent to the 5 Hectares already owned by GPPPI to accommodate the power plant.
• Engaged with Poyry Energy Inc. part of Poyry PLC the fourth largest engineering company in the world to deliver Engineering Procurement and Construction ("EPC") services to the project.

The power plant will utilize agricultural waste from several key crops grown within Panay and provide clean, decentralized, renewable energy significantly reducing the environmental impact of these wastes being burnt or left to rot in the field. In addition, utilization of these wastes as an indigieonouse fuel will provide additional income to the farming and local community, aleviate poverty and stimulate sustainable development whilst mittigating climate change.

The project will deliver around 1,700 direct and indirect jobs to the local host and nearby farming communities lifting over 7,000 people out of poverty within Iloilo, whilst displacing coal and fossil fuel energy generation. GPPPI will deliver energy to an area that is suffering an energy crisis with 1020 blackout in 2008 alone whilst voltage is so irregular economic development is almost impossible.

Global Green Power PLC Corporation has been working closely with the Department of Energy to find ways to alleviate the power shortages in the Visayas Grid which serves the Island of Panay. To this end GPPPI will expedite the second phase of the project and increase power output as quickly as possible. Additional energy supplies will be sold under the feed in tariff and bilateral contracts as facilitated by the Philippines Renewable Energy Bill that was passed into Law in January 2009. Implementing Rules and Regulations ("IRR") were signed in June 2009.