KfW IPEX-Bank, IKB and Helaba finance the hard coal-fired power plant Duisburg-Walsum 10 / Largest project financing in the German power sector

Frankfurt/Main (ots) - KfW IPEX-Bank, IKB Deutsche Industriebank
AG and Helaba Landesbank Hessen-Thüringen, as Mandated Lead
Arrangers, are financing, jointly and at equal shares, the
construction of the 750-megawatt hard coal-fired power plant
Duisburg-Walsum 10. The respective agreements were signed in
Frankfurt today. With a total loan volume of EUR 615 million, the
transaction is the largest project financing in the German power
sector up to now.

The modern, highly efficient hard coal-fired power plant
Duisburg-Walsum 10 is a joint project of German STEAG AG, Essen, and
Austrian EVN AG, Maria Enzersdorf. The total project volume is over
EUR 800 million. The power plant is scheduled to go into operation in
2010. For STEAG the project is the first step towards rebuilding its
German power plant park, and for EVN it is the entry into own,
significant power generation capacities in Germany.

The syndication of the loan is scheduled to be concluded by the
end of the year. Helaba acts as agent of the financing and IKB as
security trustee. KfW IPEX-Bank was documentation bank. In addition,
Helaba acted as insurance bank, IKB as modelling bank and KfW
IPEX-Bank as technical bank.

The financing of the Duisburg-Walsum 10 power plant is the first
bank financing provided for a highly efficient hard coal-fired power
plant in Germany. Having successfully closed the transaction, the
three banks have made a decisive contribution to the modernisation of
the German power plant park and emphasised their leading role in the
financing of investments in the German energy sector.

About KfW IPEX-Bank

Within KfW Bankengruppe KfW IPEX-Bank provides project and
corporate finance and offers trade and export finance in Germany and
abroad. Worldwide it conducts all market activities of KfW
Bankengruppe that are done on commercial terms. It has been run as a
legally dependent bank within KfW Bankengruppe since January 1, 2004
and as of January 1, 2008, will be separated into a legally
independent subsidiary. In the year 2005 KfW IPEX-Bank made new
commitments for a total of EUR 12.1 billion. It has Representative
Offices in London, New York, Sao Paulo, Bangkok, Beijing, Istanbul
and Moscow.

About IKB Deutsche Industriebank

IKB Deutsche Industriebank AG is the leading specialist in the
field of long-term finance in Germany. Clients are innovative and
strong growth medium-sized enterprises, investors in commercial real
estate as well as foreign companies and project partners. With total
assets of EUR 47 billion and 1,750 employees at 12 locations at home
and abroad, the bank itself has a distinctly Mittelstand character.
IKB is listed on the MDAX, ISIN: DE 0008063306. With a 38% stake, KfW
Bankengruppe is the largest shareholder, making IKB part of a
strategic partnership.

About Helaba Landesbank Hessen-Thüringen

Helaba Landesbank Hessen-Thüringen understands itself as a
European regional bank conducting business activities in selected
international markets. The Corporate Finance division, which is part
of business unit "Corporate Customers and Investment Banking"
structures and arranges financing deals at the bank's locations in
Dublin, Frankfurt, London and New York. The Corporate Finance
division works out the overall conceptual design of a deal, prepares
the contracts and tax arrangements and provides the financing.
Besides these services, the Corporate Finance division also provides
other types of financing such as participations in private equity
funds or mezzanine loans.

For Questions:

KfW IPEX-Bank: Dela Strumpf; Phone: +49 69 7431-2984; E-Mail:
dela.strumpf@kfw.de

IKB Deutsche Industriebank: Dr. Roland Nolte; Phone: +49
211-8221-4860; E-Mail: roland.nolte@ikb.de

Helaba: Hans Wolfgang Kuss; Phone: +49 69 9132-2984; E-Mail:
wolfgang.kuss@helaba.de

Pressekontakt:
KfW, Palmengartenstraße 5-9, 60325 Frankfurt
Abteilung Kommunikation
Tel. 069 7431-4400, Fax: 069 7431-3266,
E-Mail: presse@kfw.de, Internet: www.kfw.de


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