KfW IPEX-Bank finances RDF Thermal Power Plant in Andernach, Germany

Frankfurt (ots) -

KfW IPEX-Bank finances the construction of an industrial thermal
power plant to generate combined heat and power on the premises of
the tinplate producer Rasselstein GmbH in Andernach/Rhineland
Palatinate. The different loans and credit lines granted for the
project sum up to approx. EUR 80 million. The corresponding financing
agreements were signed in Frankfurt today.

Dr Peter Klaus, Chairman of the Board of Managing Directors of KfW
IPEX-Bank and also member of the Board of Managing Directors of KfW
Bankengruppe said that with this transaction KfW IPEX-Bank was again
confirming its leading role in the financing of investments in the
German energy and environment sector. Klaus emphasized: "Efficient
and environmentally friendly state-of-the-art power plants make an
active contribution to protecting the environment and the climate."

Besides natural gas, the power plant can be fired with
refuse-derived fuels (RDF) made from processed waste materials. By
using RDF in power plants it is possible to save primary energy
sources and, thus, to make a contribution to reducing emissions that
damage the climate. The modern and highly efficient power plant is
equipped with a 60 MW boiler fired with secondary fuels, a 60 MW
gas-fired reserve boiler and two gas-fired peak load boilers with 15
MW thermal capacity each. The commissioning of the plant is scheduled
for early 2008.

With this power station the Freiburg-based energy producer GWE
Gesellschaft für wirtschaftliche Energieversorgung mbH (GWE) will in
future cover the energy supply of Rasselstein GmbH, a subsidiary of
ThyssenKrupp. The process steam obtained from the power plant will
make Rasselstein GmbH, an energy intensive enterprise, less dependent
on the German energy market. The generated electricity is sold to
industrial customers.

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 1 January 2004
and as of 1 January 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 in Moscow.

Originaltext: KfW
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For further information:

Dela Strumpf,
Tel.: +49(0)69 7431-2984,
E-Mail: dela.strumpf@kfw.de

KfW, Palmengartenstraße 5-9, 60325 Frankfurt
Department Communication
Tel.: +49(0)69 7431-4400, Fax: +49(0)69 7431-3266,
E-Mail: presse@kfw.de, Internet: www.kfw.de


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