Everest Energy is an independent global energy project developer and project advisor;

providing operational execution of project development. Everest Energy specializes in structured and “hands-on” project development where bio-energy is created and converted into electricity. By supporting the bio-based economy, Everest Energy facilitates the growth of sustainable projects by focusing on energy efficiency and the usage of sustainable input fuels. Since Everest Energy executes both advisory assignments as well as development assignments, it possesses in-depth knowledge and experience, both practical as insightful. This dual approach enables Everest Energy to:

Service its advisory clients with actual “real life” experience and, Service its development clients with analytical background and content.

Everest Energy focuses on the development of projects dealing with: biomass, (bio)waste (bio)gas and biofuel collectively called bio-energy. Everest Energy has vast and relevant experience in biomass international projects and has operated as advisor and/or developer in many countries around the globe. In its projects Everest Energy collaborates with local partners in order to enhance the opportunities of success and to favour the transfer of knowledge and experience among the participants of each venture.

Everest Energy is headquartered in Zeist, The Netherlands and has offices in Colombia, Africa & USA. Everest Energy, together with Pangea and Embark Energy, has launched a bioenergy funding scheme under the United Nations Sustainable Energy for All initiative (SE4ALL) to support current efforts to match clean energy projects to finance in Africa. Furthermore, Everest Energy has a joint venture with GMSP in Colombia. By collectively developing sustainable energy projects, Everest Energy has a footprint in Africa and Latin America with trustworthy partners. Everest Energy is also a member of CTI Private Financing Advisory Network (PFAN) providing mentoring for development of business plan, investment pitch, and growth strategy of promising clean energy projects, significantly enhancing their possibility of financial closure. Additionally, Everest Energy has been acknowledged as expert for the EU Horizon 2020 Research Innovation Programme and is investment committee member of the United Nations - Global Alliance for Clean Cookstoves Spark Fund.

1 Company Everest Energy originated in 2010 from a small group of senior professionals “wanting to do it differently”. The idea is to focus on the client and operational results whilst establishing company continuity.

The company is centred around several core values being diversity, flexibility, responsibility and entrepreneurship. Everest Energy strives to achieve an understanding of the context and then pushes for tangible results. The team of professionals is international and divers providing knowledge and understanding of all aspects of a project. This wide approach gives Everest Energy a complete view of projects enabling our support and development to be effective and within the pre-set battery limits. Having fun and enjoying the challenges are important, as finding the right balance between doing business and contributing value.

2 Methodology Everest Energy focuses on the need for a durable, pragmatic and realistic project developer in a growing global mid-market segment. Everest Energy envisions that energy projects create local value to support an international energy demand. Everest Energy value chain activities

Everest Energy’s core objectives are:

Developing well-structured and high quality projects in markets with favourable returns;

Minimizing operational project risks by using stable technologies and rigorous operation & maintenance;

Developing projects with value-adding and professional partners;

Developing local partnerships with the best-connected and most knowledgeable players;

Leveraging our in-house capabilities to develop, structure and execute sustainable projects. Everest Energy project focus

Our project development process combines industry, project financing and technical expertise. This integrated approach increases the chance of success and speedy execution. The track record of Everest Energy shows that durable project development leads to stable operations and high financial returns. First month’s cash flow is as important as last month’s cash flow, therefore creating continuity in revenue streams. Everest Energy’s market focus

3 Product Our project development process combines industry-project financing and technical expertise. This integrated approach increases the chance of success and speedy execution. The Everest Energy project development process is based on a “7 Building Block” principle. By developing these 7 building blocks simultaneously and equally weighted, Everest Energy offers realistic project development and advisory services. Everest Energy’s “7 Building Blocks”

3a Project development Everest Energy develops projects both for third parties and for its own corporate purpose. In developing projects Everest Energy will take a pro-active role and participate in the risks associated with project development. It is for this reason that Everest Energy needs to have an in-depth understanding of the projects and surrounding context in order to value these associated risks properly. This understanding is also utilized when executing advisory assignments.

Project Development of Everest Energy focuses on:

Development of bio-energy projects;

Project Restructuring;

Project M&A.

Some examples of Development Project:

Development of a 10 MWe – 28 MWth paper waste-to-power plant in France;

Development of a agro-waste CHP for an Bio-Ethanol plant in Mozambique;

Development of a wood carbonization plant in Mozambique;

Development of a waste input pyrolysis plant in The Netherlands;

Development of a 60.000 MT p/a residual wood pelletizer in The USA and Canada.

3b Advisory Advice is valuable only if the advisor provides support based on theoretical as well as practical expertise and insight. Everest Energy provides advisory services based on thorough theoretical understanding of the task and context, combined with practical expertise and field experience. At Everest Energy, advisory knowledge and project development experiences are exchanged and shared to create the optimal knowledge base to service the client.

Advisory services of Everest Energy focus on:

Strategic and commercial Project Structuring;

Project finance and match-making;

Project Due Diligence;

Portfolio Evaluation / Analysis / Trends;

Investment Fund Structuring.

Some examples Advisory Assignments:

Commercial project structuring and valuation of 24 international bio-energy projects;

Develop and Structure an open-ended revolving investment fund for a portfolio of international bio-energy projects;

Economic valuation of an waste to biogas plants in the Netherlands;

Multi-country financial sector analysis to identify the "lay of the land", availability of credit for SMEs and "funding gaps" in the Central American bio-energy market;

Investigation of market potential for a bioenergy certification scheme in the financial sector;

Execute a feasibility study for the placement of 20 gasification installations in S.E. Asia;

4 Global advisory & development activities

EUROPE: The Netherlands:

Waste-to-energy pyrolysis plant*

Residual wood-pelletizing plant*

Commercial structuring and valuation of a portfolio of international bioenergy projects

Structuring an investment fund of international bioenergy projects

Economic valuation of a agro-waste to bio-LNG plant

Economic valuation of an animal-waste to bio-gas plant

Investigation of market potential for a bio-energy certification scheme in the financial sector

Course of economic valuation of energy projects

Portfolio analysis of a government investment programme

Market potential analysis for a global bioenergy certification scheme

Capacity building workshop bringing together sustainability certification and financiers France:

10MWe biowaste-to-power CHP* SOUTH-EAST ASIA: Indonesia:

Development of a sustainable palm kernel shell supply chain

Aquatic biomass utilization for sustainable biogas production

Applying rice husk as feedstock for biogas-to-power generation* Vietnam:

Aquatic biomass utilization for sustainable biogas production

CENTRAL AND SOUTH AMERICA: Panama:

Sustainable ethanol production of Cassava from impoverished rural areas Colombia:

Generation of biogas from POME

Utilization of biofuel (bagasse) by small trapiches

Second generation torrefied pellets for sustainable biomass*

Feasibility for Bio-business Development and Clean Production of Green Chemical Intermediates Nicaragua, Honduras and Guatemala:

Biogas production from industrial waste water Nicaragua, Guatemala, Costa Rica, Honduras and El Salvador:

Financial sector analysis of bio-energy market AFRICA: Sub-Saharan Africa:

Economic valuation of SE4All-Pangea Pipeline projects South Africa:

Biogas production from agricultural residues

Agricultural small-holder project developing oilseed crops for biofuels* Mozambique:

Small-holder project converting cassava into bio-ethanol (CHP development)*

Sustainably produced charcoal from renewable biomass resources* NORTH AMERICA: USA:

Development of a residual wood-pelletizer*

European market entry study for a US biomass-trade cooperative Canada:

Development of a residual wood-pelletizer* GREATER RUSSIA: Ukraine:

Pellets for power: production of sustainable pellets from reed and straw

Sustainable wood pellet production in Ukraine for export

* Development projects (others are advisory projects)

Contact

Everest Energy B.V

2e Dorpsstraat 54, 3701 AB Zeist, the Netherlands Tel: +31 (0) 30 78 52 409 info@everestenergy.nl

5 References

Everest Energy has had the great fortune to work for and partner with several highly professional

companies in our industry. Some of those are mentioned here, others are available upon request.

Netherlands Enterprise Agency (The Netherlands – www.rvo.nl)

Africa Enterprise Challenge Fund (Kenya - www.aecfafrica.org)

Solidaridad (International NGO – www.solidaridad.nl)

Make Projectlynx (the Netherlands - www.makeprojectlynx.com)

GBEP Global Bioenergy Partnership (www.globalenergy.org)

Pangea (International NGO - www.pangealink.org)

Embark Energy (www.embarkenergy.com)

PT SyRes Indonesia (Indonesia - www.syres-indonesia.com)

Control Union (The Netherlands - www.controlunion.com)

Fram Renewable Fuels (USA - www.framfuels.com)

Energy research Centre (the Netherlands – www.ecn.nl)

Utrecht University (the Netherlands – www.uu.nl)

CTI PFAN (Global – www.cti-pfan.org)

Horizon 2020 (EU – ec.europa.eu)

JvD Consultancy (the Netherlands - jvdconsultancy.com)

GreenLight (Mozambique - www.greenlight-info.com)

Argos Cementos (Colombia – www.argos.co)

GMSP (the Netherlands – www.gmsp.info)

Dutch Embassy in Costa Rica (costarica.nlambassade.org)

Roundtable on Sustainable Biomaterials (rbs.org)

Royal BAM Group (www.bam.eu)

GACC (www.cleancookstoves.org)

TNO (www.tno.nl)

Eco Fuels Kenya (www.efkgroup.co.ke) Disclaimer: No rights or obligations can be derived from the content of this brochure. The content of this brochure is intended solely for the viewer and is intended as information only. It is not allowed to publish, reproduce, distribute or otherwise use the content of this brochure outside of the scope as described. Everest Energy is in no way liable for damages resulting from the usage, the content or implications of the information provided on this brochure.