DEED builds on-site electric power plants for the high-priced, power-short Chinese market.

Dalian, Liaoning Province, China2007

Dalian East Energy Development, Ltd.

©Transition Energy

DEED, Ltd.

Chinese Market Context

Power costs industry more than in U.S.

Shortages continue in many provinces.

Waste heat recovery market > 1,500 MW.

Adding 1 GW of coal-fired power per week!

DEED, Ltd.

DEED’s Business

Product: Waste energy recovery

Market: Cement, metallurgy

Business model: BOOT

Profitability: >30% IRR

Finance needed: $3M equity to complete 6.7 MW$20M equity to complete 172 MW

DEED, Ltd.

Summary of Business Plan

Commissioned two plants in April 2007

To complete 25 MW by December 2007

To build 175 MW by October 2008

To generate 5 MT CERs through 2012

DEED, Ltd.

William Chandler

Tang Jin Quan

DEED

China’s Waste Recovery Power Generation Leader

Wang Yanjia

Han Zhong Huan

Jin Jiaman

DEED, Ltd.

TeamTANG Jin Quan Chairman and CEO, Dalian East Energy Development

Harbin Institute of Technology B.S., 1983. Pioneered the first waste heat recovery power generation plants in China. Designed over 30 heat recovery systems, and has built and operated 6 plants.

William CHANDLER President, Transition Energy Holding Company

Harvard MPA, 1987. Thirty-three years of energy experience. Created energy centers in six countries, including China, where he has worked since 1988. He has designed, arranged financing for, and implemented nearly $1 billion in energy-efficiency investments worldwide.

WANG Yanjia Chief Scientist, Transition Energy Holding Company

Tsinghua University, Professor of Energy and Environment. Consults with World Bank, OECD, IEA, Energy Foundation, Blue Moon Fund.

JIN Jiaman GEI Shareholder, Director for CDM Processes

Executive Director, Global Environmental Institute (a private, Chinese NGO)

Advisors John Gibbons, Two-term Science Advisor to President Clinton Phil Samper, former President of Sun Microsystems Zhou Dadi, Emeritus Director of Energy Research Institute

DEED, Ltd.

Dalian East JV PartnerA Chinese Engineering and Marketing Leader

100% Private 57 staff

- 38 Engineers- 8 Senior Engineers- 3 PhDs

2005 Revenues $20M Projects in a dozen provinces Designed 550 MW Built 72 MW 89 MW under contract Experienced also in metals, MSW,

biomass, and methane

DEED, Ltd.

Offices

Projects

DEED, Ltd.

DEED, Ltd.

Shanghai Wan An 2.5 MW

Built 2002

Heat recovery

Design by Tang Jin Quan

Design Experience

DEED, Ltd.

Fujian Long Yan Fu LongFujian Long Yan Fu Long

6 MW (turn key)6 MW (turn key)

Built 2005Built 2005

Design-Build Experience

Hubei Ge Zhou BaHubei Ge Zhou Ba

12 MW (turn key)12 MW (turn key)

Built 2003Built 2003

DEED, Ltd.

Design-Build Experience

Jin MaoJin Mao

15 MW (turn key)15 MW (turn key)

Built 2004Built 2004

DEED, Ltd.

DEED Holding,41% of CJV Equity

Cayman Islands

Cooperative JV

DEED Ltd.Dalian,

Liaoning Province, China

Dalian East42% Equity

Dalian, ChinaStrategic Investor

Equity

Construction Contract

Carbon Trader

GEI

17% EquityPassive

ERPA

Cement Plants

PPA, CERs

Finance, design, construction

Finance/design/ construction

Common Stock

PPA and/or CERs

Mixed Equity/Debt

Overall Structure

DEED, Ltd.

GEI•Does CDM work under

contract to CJV• Receives dividends

from the CJV

Who Does What? Dalian East• Designs, builds

plants under turnkey contract with CJV

• Receives dividends from CJV

DEED Holding

• Raises foreign capital

• Places debt & equity with CJV

• Receives P&I, dividends from CJV

Cooperative JV

DEED Ltd.• Markets

• Receives investment• Does customer DD

• Manages construction contracts

• Collects payments• Pays P&I

• Distributes dividends

Customers• Make fixed payments (pays O&M) or metered

payments (no O&M)• Receives CER

payments