Clean Energy Brazil - Our Investments

Usaciga
CEB's first major investment is into an existing sugar and ethanol group in Brazil - Usaciga. CEB has agreed with the owners of Usaciga to establish a joint venture holding company, Usina, in which CEB will hold a 49 per cent indirect interest. Usaciga will become a wholly owned subsidiary of Usina.

an agricultural and industrial business located in Cidade Gaucha, Parana state with a current crushing capacity of 2.3 million tonnes of sugar cane per year;
a greenfield site located in Santa Monica, Parana state on which it is planned to develop a business with an anticipated crushing capacity of 2.3 million tonnes of cane by 2013/14;
a greenfield site named Eldorado, located in Rio Parana, Mato-Grosso do Sul state on which it is planned to develop a business with an anticipated crushing capacity of 2.3 million tonnes of cane by 2013/14 (''Eldorado'') ;
a 12.9 per cent interest in Parana Operaces Portuarias S.A. (PASA), a bulk sugar terminal located at Paranagua Port, Parana state, with a current loading capacity of up to 3 million tonnes of sugar per year and a warehouse capacity of 174,000 tonnes;
a 9 per cent interest in an ethanol trading company called CPA Trading S/A, located in Parana state, which commercialises most of the Parana State mills' ethanol; and
a 3 per cent interest in a terminal for bulk liquids in Paranagua port called Alcool do Parana Terminal Portuario S/A, located in Parana¤ state, which is expected to open in 2007, with an initial loading capacity of 500 million litres per year.

CEB has entered into an agreement to invest approximately US$137 million into Usaciga. Importantly, the existing owners and managers are not exiting the business. The CEB investment will capitalise the company and facilitate its growth.