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PROPOSAL ON 25 MW (2 X 12.5 MW) BIOMASS BASED POWER PROJECT AT YOMBIO COUNTY IN THE REPUBLIC OF SOUTH SUDANJanuary 2014Prepared By: eGateway (I) Pvt. Ltd., New Delhi

PROMOTERS BACKGROUNDStrictly Private & Confidential eGateway (I) Pvt. Ltd., New Delhi2

JMG Corp is a Public Listed Company listed on Bombay Stock Exchange.Incorporated in 1989 under the name Irplast Adhesive India, the name was changed in 1992 keeping with the Business expansion.Consulting firm delivering workable solutions facilitating business transformation.Deep sector knowledge with a veteran Board of Directors group.Looking to expand into Power & Infrastructure space with large resource raising capacity.BUSINESS DEVELOPMENT ADVISOR EGATEWAY (I) PVT. LTD.

eGateway has been in various power sector businesses for over fifteen years, and has advised generation capacities exceeding 10,000 MW in India on various aspects of project development, EPC contracting, counterparty relations and contracting, linkages and strategic partnerships. eGateway has consulting and development experience in thermal plants, hydropower, bio-mass plants, waste to energy, solar, solar-thermal, waste heat recovery projects, third party sale arrangements, regulatory issues, power trading, etc. Clients include several large Indian names like IL&FS, Spice Group, Patel Engineering, Avantha Power, Shapoorji Pallonji, DB Power, Aryan Group and SEW Infrastructure etc. 3Strictly Private & Confidential eGateway (I) Pvt. Ltd., New DelhiEGATEWAY INDIA PVT. LTD. MANPOWERA K Mishrais an Electrical Engineer and MBA with more than three decades of work experience in project development, joint venture, project management, contracting and project implementation with international companies.

R P Guptaa Mechanical Engineer and experienced over forty years in design, engineering, project management and plant commissioning of coal based and gas fired plants in BHEL.

Aseem Singhalis a Mechanical Engineer and MBA. He has wide expertise in Investment Banking, Merger sand Acquisition and Project financing.

B. Bhambhani is a techno commercial professional having experience of more then four decades with BHEL. Carries varied experience in engineering and contracts.

Amul Urdhwareshe is a member of the Institute of Company Secretaries of India and a Law and Management graduate with more than two decades of experience. His focus areas are contract structuring, documentation and regulatory issues with experience in infrastructure projects, their structuring and legal facets along with conventional and non-conventional power projects. 4Strictly Private & Confidential eGateway (I) Pvt. Ltd., New DelhiEGATEWAY INDIA PVT. LTD. SERVICES

5Strictly Private & Confidential eGateway (I) Pvt. Ltd., New DelhiSELECTIVE CLIENT LIST NATIONALCoal Based Thermal Power ProjectsS. No.Project NameCapacity1.Avantha Group4 x 300 MW2.Ispat Group4 X 300 MW3.IL & FS2 X 660 MW4.SRM Energy Ltd.3 X 660 MW5.Dainik Bhaskar Power Ltd.2 X 600 MW6.SEW Thermal Power Limited2 X 660 MW7.SJK Powergen Pvt. Ltd.2 X 660 MWGas Based Power ProjectsS. No.Project NameCapacity1.SEW Carbons Ltd.400 + 10%2.Beta Infratech Pvt . Ltd.225 MW6Strictly Private & Confidential eGateway (I) Pvt. Ltd., New DelhiINTERNATIONAL EXPOSURES. No.Project Name

Location1.6 X 660 MW Imported Coal Based Thermal Power PlantRas Al Khaimah, UAE2.300 MW Coal fired Thermal Power PlantSierra Leone3.340 MW Gas fired CCGT (3 Projects)Nigeria4.300 MW Coal fired Thermal Power PlantNigeria5.225 MW Gas fired CCGTBangladesh6.250 MW Coal fired Thermal Power PlantSenegal7.Captive Port of capacity 6 Million Tonne Senegal8.1 MTPA plant for briquetting of Coal finesAustralia9.0.4 MTPA Cement Grinding UnitSouth Africa7Strictly Private & Confidential eGateway (I) Pvt. Ltd., New DelhiCOUNTRY PROFILESouth Sudan, officially the Republic of South Sudan and previously known as Southern Sudan, is a landlocked country in east-central Africa that is part of the United Nations sub-region of Eastern Africa. Its current capital is Juba, which is also its largest city.

South Sudan is divided into ten states, which correspond to three historical regions: Bahr el Ghazal, Equatoria, and Greater Upper Nile.

The region contains many natural resources such as petroleum, iron ore, copper, chromium ore, zinc, tungsten, mica, silver, gold, diamonds, hardwoods, limestone and hydropower.

Oil revenues constitute more than 98% of the government of South Sudan's budget according to the southern government's Ministry of Finance and Economic Planning and this has amounted to more than $8 billion in revenue since the signing of the peace agreement.

Country has two limestone's deposits in Yombio and and Kapoeta near capital city of Juba near the border cities of Kenya and Democratic Republic of the Congo. The Govt. of South Sudan is now inviting the private developers to develop these limestone mines and install the cement plants in the country.

8Strictly Private & Confidential eGateway (I) Pvt. Ltd., New DelhiPOWER SCENARIOSouth Sudan is the newest nation of Africa currently facing the huge electricity in the country.

Southern Sudan is divided in 10 states with only 3 of the state capitals (Juba, Malakal and Wau) having decentralized generation with localized distribution network. It is rich in resource potential such as hydro, solar and biomass, but severely impacted by the effects of a civil war. As a consequence, the region has poor infrastructure and its energy needs are predominantly met by biomass. The percentage of the population with access to electricity is very low, currently only about 1% and most of these consumers are in Juba. The total existing generation facilities consist of about 25 MW of thermal capacity.

The GOSS established Southern Sudan Electricity Corporation (SSEC) as a subsidiary of the Ministry of Energy and Mining (MEM) and mandated it to be responsible for generation, transmission, distribution and sales of electrical energy to consumers in Juba, Malakal and Wau.

SSEC currently has approximately 15,000 domestic customers but no industrial or commercial consumers. The installed capacity of SSEC in Juba is about 17.5 MW out of which 6.5 MW is now under operation.

9Strictly Private & Confidential eGateway (I) Pvt. Ltd., New DelhiPROJECT HIGHLIGHTS10Strictly Private & Confidential eGateway (I) Pvt. Ltd., New DelhiPROJECT LOCATION

SOUTH SUDANPROJECT LOCATION11PROJECT IMPLEMENTATION STRUCTURE12Strictly Private & Confidential eGateway (I) Pvt. Ltd., New DelhiSALE OF POWER13Strictly Private & Confidential eGateway (I) Pvt. Ltd., New DelhiBIOMASS SUPPLY SOURCE

LOCAL BIOMASSENERGY PLANTATION / OTHER SOURCESPOWER PROJECT

14Strictly Private & Confidential eGateway (I) Pvt. Ltd., New Delhi*Other sources includes Biomass from Maize Plantation and / or Corn Plantation.PROJECT COSTStrictly Private & Confidential eGateway (i) Pvt. Ltd., New Delhi15TOTAL DEBT

TOTAL EQUITY

TOTAL PROJECT COST

ELECTRICITY TARIFF

USD 26 Million

USD 8 Million

USD 34 Million

USD 0.18 / kWhr

BIOMASS OPTIONSStrictly Private & Confidential eGateway (i) Pvt. Ltd., New Delhi16

16ENERGY PLANTATION - OVERVIEWThe biomass power projects are designed to operate on biomass. The feedstock proposed for the biomass power plants by nature has following risks-

Dependence on rainfall and other natural factors Low density & gross calorific value requiring very high volume of feed to be handled. Availability of crop residue as feed-stock for limited period during harvest period Uncontrolled pricing of feedstock

To mitigate the above risk and complete dependency on the Agricultural waste, Energy crops are the alternate source of Feed Stock. An alternative reduce the above risk is to develop special plant species that can be grown in Cultivable Waste Land and Fallow Land. These wastelands can be developed in a variety of ways designed to meet the needs of South Sudan economy -Biomass energy plantations for fast-growing trees crops to generate electricity on marginal waste land.

17Strictly Private & Confidential eGateway (I) Pvt. Ltd., New DelhiENERGY PLANTATION - OVERVIEWEnergy crop trees are fast growing species of trees such as cottonwoods, willows, and eucalyptus, which re-grow (called coppice) from their stump after harvest. Because of their fast growth and ability to coppice, these tree species can be repeatedly harvested on short crop rotations of every year without having to replant. In fact, the fastest growth (and highest crop yields per acre) will occur after the trees are first harvested, since their root system will be already established. This ability of tree energy crops to coppice provides sustainable renewable energy option.

The viable, employment-oriented program for production of biomass fuels for electric power on huge extent of degraded wastelands is established fact today. In combination, these programs generate additional rural employment opportunities, while creating additional rural income and environmental pollution. 18Strictly Private & Confidential eGateway (I) Pvt. Ltd., New DelhiENERGY PLANTATION PRIMARY OBJECTIVE

19Strictly Private & Confidential eGateway (I) Pvt. Ltd., New DelhiSUPPORT REQUIRED FROM THE GOVERNMENT

20Strictly Private & Confidential eGateway (I) Pvt. Ltd., New DelhiBENEFITS TO THE GOVERNMENTThe country will save the huge foreign exchange revenue by manufacturing the cement in the country itself.The project will provide the reliable and consistent power to the cement plant. Which will reduce the cost of the cement in the country, which enables Govt. to spent the saved money into the other infrastructure projects. The project will help to improve the power situation in the Country and will helpful in reducing demand supply gap in the region/ country.It will expedite the economic and social development of the country.Project will create an investment climate and will open the opportunity for other industries to invest in the country.Will provide a reliable source of electricity.Will provide consistency in the operations.Will improve the infrastructure in and around the Power Plant.Will generate extra revenue for the Government through Taxes.

21Strictly Private & Confidential eGateway (I) Pvt. Ltd., New DelhiBENEFITS TO THE LOCAL POPULATION22Strictly Private & Confidential eGateway (I) Pvt. Ltd., New DelhiTHANK YOUPrepared By:M/s eGateway India Pvt. Ltd.8,Community Centre, Mezzanine Floor,East of Kailash, New Delhi- 110065,IndiaTel : +91-11-26473020/21Fax: +91-11-42654618Email : egateway@gmail.com