Energy Efficiency "Made in Germany"

Frankfurt am Main (ots) -

- Projects in Singapore and India: German energy know-how leads
globally
- KfW IPEX-Bank contributes to international marketing
- Highly efficient technology enables reduced CO2 energy
production
- Supports the German export economy while contributing to climate
protection

On Jurong Island in Singapore, one of the most modern gas and
steam power plants is currently being built. The Indian GMR Group is
investing over a billion Singapore dollars (approximately EUR 580
million) in the planning and construction of the highly efficient 800
Megawatt plant. USD 670 million (approximately EUR 390 million) of
this is structured as a redeemable loan with a further USD 270
million (about EUR 190 million) as a project-related bank guarantee
linefrom KfW IPEX Bank together with five other banks. The project is
an example of a successful export of German high technology, as at
the core of the power plant, Siemens gas and steam turbines and
generators provide a high degree of efficiency and thus low CO2
emissions at high operational flexibility. As a specialist financer
within the KfW Bankengruppe, KfW IPEX Bank supports German companies
in their export business. Climate and environmental protection plays
an ever-important role in financing.

According to the International Energy Agency, global energy demand
will rise by 50 percent by 2030 - faster than the production of
renewable energy sources can keep pace. However, as a result of their
efficient technology, conventional power plants can also contribute
decisively to climate protection. And because new plants are being
built for conventional energy production and existing power plants
must be modernised, German specialist firms are experiencing a
similar high demand in global markets. As such, Siemens reports high
growth rates in the thermal power plant market at the present time,
particularly in the aforementioned environmentally-friendly gas and
steam plants. With new commitments of EUR 1.1 billion made in the
first half of 2011, energy and environment sector finance was also a
growth area for the KfW IPEX Bank. "We are committed to sustainable
export projects. Although the use of renewable energies is a target,
they cannot meet demand without fossil alternatives. Therefore, we
support projects in which German technology can make reduced CO2
energy production possible," said Harold Zenke, Speaker of the
Management Board of KfW IPEX Bank.

Hence, a similar project to the one in Singapore is currently also
being financed by the bank in India, where one of the most
distinguished private energy providers in the country is expanding an
existing gas and steam plant at a highly modern power plant unit.
Siemens Energy is again the supplier of the latest generation plant,
priced at a total of USD 280 million, as well as the long term
provider of care and maintenance.

The German role as a technology leader in the segment of
efficient, conventional power plant technology is not exclusively an
export issue. Recently in Bremen, several municipal utilities from
Lower Saxony and North Rhine-Westphalia came together to jointly
build a flexible gas and steam turbine power plant. Energy financing
expert KfW IPEX Bank arranged the deal initially as Mandated Lead
Arranger and Bookrunner. "The announced domestic projects are subject
to strict environmental requirements," said Zenke. In Bremen an
environmentally friendly, natural gas-fired plant is being built,
which will use its fuel very efficiently. In comparison to other
fossil fuel power plants, it will emit a very small amount of CO2.

The planned power plant will feature an efficiency of over 58
percent and thus low energy losses. In addition, a gas and steam
power plant has a flexible mode of operation and can quickly increase
or decrease its capacity. Therefore the gas and steam power plant is
the perfect compliment to the current weather-dependent renewable
energies. "Projects such as the recent onesin Singapore, India and
Bremen serve as examples for the careful use of fossil fuels and at
the same time as models for energy production that is efficient and
secure," said Zenke.

About KfW IPEX-Bank

Within KfW Bankengruppe KfW IPEX-Bank is in charge of
international project and export finance. It is responsible for
providing financing to support the German and European economy, a
task derived from the legal mandate assigned to KfW Bankengruppe. Its
prime focus is on medium- and long-term lending to boost the export
economy, develop economic and social infrastructure and support
environmental and climate protection projects. KfW IPEX-Bank operates
as a legally independent group sub-sidiary and plays a major role in
fulfilling the promotional mission of KfW Bankengruppe. It has 526
employees (as of 31 December 2010) and is represented in the key
economic and financial centres around the globe.

Images referring to the press release: http://ots.de/cHJ4A

Pressekontakt:
KfW IPEX-Bank GmbH, Palmengartenstraße 5-9, 60325 Frankfurt
Pressestelle: E-Mail: axel.breitbach@kfw.de
Tel. 069 7431-2961, Fax: 069 7431-9409, E-Mail:
info@kfw-ipex-bank.de,
Internet: www.kfw-ipex-bank.de