Green Power Bicol Philippines Inc.

NEWSFLASH

05 APRIL 2011 – Green Power Bicol Philippines Inc. (GPBIPI) project appears in the Prior Consideration of the CDM List under the United Nations Framework Convention on Climate Change (UNFCCC) 24 MARCH 2010 GGPC subsidiary companies sign EPC and Technology contracts for two 17.5 MW Multifuel Biomass Power Plants and a Letter of Intent for a third 35 MW unit for the Philippines 16 DECEMBER 2009 - Green Power Nueva Ecija Groundbreaking Ceremony at San Leonardo 1 DECEMBER 2009 - Steve Waterfield joins GGP Group as Director and Chief-Executive Officer 16 OCTOBER 2009 - ILECO 2 execute Board of Directors Resolution to present GPPPI 25-year contract to Energy Regulatory Commission 30 SEPT 2009 - UK Ambassador Lillie & DOE Undersecretary Santos fly to Iloilo City to support & endorse GPPPI 17.5 MW Biomass Power Plant 10 MARCH 2009 – GGP Project Companies receive full DOE Endorsement 15 MARCH 2009 – GGP/GPNEPI Environmental Compliance Certificate approved up to 35 MWe 9 APRIL 2009 - GGPC sign contract with Poyry Energy for Panay & Nueva Ecija Biomass Power Plants 2 MAY 2009 - Green Power Panay Groundbreaking Ceremony at Mina

The Company

GPBIPI is a 100% owned and operated subsidiary Company of GGPC. GPBIPI is part of the GGPC Phase Two Development companies. The company is developing Biomass Power Plants within the Bicol region, Philippines.

The Project

GPBIPI initial project is the development of a 35 MW multi-fuel biomass power plant. The project is located in the Bicol region, Philippines where there is a looming energy crisis.