Company Profile (160921)

Global Energy Development
Contents Co., Ltd
I. Corporation Introduction
1. General Information 1 page
2. History of Company & Achievements 2 page
3. Organizational Chart 5 page
4. Achieve of patent and etc 6 page
II. Core competence 9 page
III. Strategic directions 11 page
Ⅳ. Business Overview
1. Major Accomplishments 16 page
2. Ongoing Projects 19 page
Attached 39 page
Ⅰ. Corporation Introduction Co., Ltd
General Information
Company name Global Energy Development Co,. Ltd.
Address #1214 New T-Castle, 429-1, Gasan-dong, Geumcheon-gu, Seoul

Capital USD 539,216
CEO Oak, Jang (張鈺)
Tel (Fax) 82-2-413-5030(82-2-413-2580)
Business No. 215-87-65455
Business Detail Renewable energy business development, Heat combination & group energy
(Domestic) business, Biomass Pellet Exporting/ Importing business
Business Detail Forestation in South Asia, Biomass Pellet manufacturing plant operation and
(Overseas) development business, Biomass Pellet exporting business
Establishment
2nd. Mar.2012
Date
Homepage www.globalenergy.kr
1
History of Company & Achievements
2
3
Name Position Participating History

ㅇ Planning of Heat combined power generation and group energy business utilizing Biomasses
ㅇ Performed feasibility review services of oceanic wind and solar power generation businesses
ㅇ Engaged in energy conversion of wastes (largest in Korea) and group energy business
ㅇ Led the business of “Saemangeum Landfill Comprehensive Development Business,” one of the biggest civil engineering projects in the world, as one of the
President
Jang Oak founding members
& CEO ㅇ Participated in airport highway project, the first SOC field’s private business, and as a result equipped with expert knowledge on related regulations and
laws
ㅇ Participated as an executive at an energy public enterprise for a long time, and served as an overall expert in office management, renewable business, CDM
reduction business, climate change business and planning, as well as national project evaluation committee member
ㅇ Renewable energy - geothermal heating and cooling (President & CEO)

ㅇ Combustion of renewable energy wastes (President & CEO)
Kwon Soon- Headquarte
ㅇ Head of career training center in computers and electronics for children of farming and fishing households
Jeong r Manager - Rural Development

ㅇ President, Sam-study Real-Time Education Center
ㅇ Oseong Environments Inc. (President & CEO)

Kim Gil-Hun Director ㅇ President & CEO of U-Line Inc.
Expert
ㅇ Korean energy engineering association (Director)
Kim Seong Ho committee
ㅇ Research and development special district promotion foundation (Expert committee member)
member
4
Organizational Chart
President & CEO:

Auditor: Kim, Chang, Ok
Yeong Hee
Counsel Board of Directors
Group
Management Sales Overseas Business

Department Department Department
President Executiv Senior

Security,
es Managers
Managers Staff etc. Total
1 3 3 7 30 5 48
Organization chart expected as of January 2, 2015
5
Achievement of patent & etc
Section Contents
Registration of a patent for the effective Biomass
Patent Cogeneration System(first patent of biomass power
plant in Korea)
Got BB grade of technical evaluation by Korea
Technology technology Finance of government(first certified in
certification Korea in heating supply business using wood pellet
and wood chip fuel)
R & D Center
R & D Center Certified from central government
Certification
Global Energy Development Corporation

Venture
certified as a Venture Business by a Technology
certification guaranteed fund of government on Oct 21. 2014.
6
Our president (CEO, Jang Oak) has

been chosen to lead a biomass
renewable energy sector from the
south Korea innovation 55 leaders in
2014 by a monthly magazine that is
name as a Newsmaker.
7
Printed DONA-A ILBO(Aug.01.2014) and Sisa Today(Aug.01.2014 ~ Aug.07.2014)
8
Ⅱ. Core competence Co., Ltd
Source of Our Competitiveness
Excellent Sufficient High Productivity

Capability Preparation • Selected as the joint venture company of
Chinese biomass heat combination power
generation business (business size is KRW
• Management from outstanding • 2 years of preparation to start the 1.7 trillion)
backgrounds including Korea’s #1 business (Biomass heat • Selected as the main corporation to carry
undergraduate degrees (SNU ,etc.) combination power generation, out the feasibility research services for
• Sustained training to enhance waste heat combination power 10mw power generation business in
capacities offered generation, solar power generation Indonesia (government-subsidized
• Significant experiences businesses, etc.) business)
• Expert group of biomass fuels • Identified and undertaking 6 domestic
• Overseas networks established projects including Nonsan biomass heat
• Group of experts who planned heat- • Securing an overseas biomass fuel combination power generation project, etc..
combination power generation
facility
• Experts on turning wastes into fuel
and engaging on heat combined power • Engaging in heat power generation
generation business of overseas biomasses,
etc.
9
Ⅱ. Core competence Co., Ltd
Management philosophy
Social
responsibility!
Environment
protection!
Sustainable
management!
Creative
challenge! Strategic Thinking!
10
Ⅲ. Strategic directions Co., Ltd
Direction of Business Strategy
1. Wood Pellet(Biomass Fuel) Supply

2. Biomass Power Plant, Community Energy Service
3. Excavation and Development of the New Renewable Energy Business
Domestic Overseas
ㅇRenewable energy development business ㅇ Biomass power generation business

- Contacting overseas Buyers, collaboration ㅇ Power generation business using wastes
- New business model designed ㅇ Renewable fuel development business
- Turning wastes into fuels - Forestation of Southeast Asia
ㅇ Biomass utilization business standardized (Myanmar, Malaysia etc.)
- Biomass power plant - Securing Biomass (Contracts with farms, etc.)
(Nonsan, Yangju, Nammyeon, Geomjun, etc.) (Indonesia’s Lampung Region etc.)
- Group energy business (Heat Sales) ㅇ Biomass utilization
ㅇ Biomass importing/ sales business - Operation of Biomass production plant
ㅇ Solar power and wind power generation business - Local power generation business
ㅇ Wind power generation business (Mongolian region)
ㅇ Turning solar waste into energy
11
Main Business and Law
Biomass power plant business

•Act on the Promotion of the Development, Use and Diffusion of
NEW&Renewable energy(since 2012)
•Framework act on Low Carbon, Green growth(since 2012)
Steam/Heat Supplying business

•Intergrated Energy Supply Act
•Framework act on Low Carbon, Green growth
•Act on the Allocation and Trading of Greenhouse-Gas Emission
Permits(since 2015)
Biomass Fuel Business

•Act on the Promotion of saving and recycling of resources(since 2012)
•Act on the Allocation and Trading of Greenhouse-Gas Emission Permits
※Overall, our company business are closely related with laws in force in field of environment and
renewable energy since 2012.
12
Advantages of the Biomass power plant Business

 Electricity is sold to the power
company(KEPCO).
 Registe to Korea Power Exchange(KPX)
Electricity
sales
 Sale to power company(public energy

corporation)  sale to cement maker(recycling)
 Legally mandatory starting in 2012  Because of environment law, Incineration
Business ash can be recycled
structure
REC sales Incineration

ash sales
13
Advantages of the Biomass power plant Business
Advantage of durability Profitability

◊ Because sales of electricity and REC at
◊ Because low sulfur and cloride, the the same time, higher profitability is
facility durability is very long.
possible.
Strong point!
Environmental friendly Minimize electicity transmission

effect loss
◊ Biomass power generation system minim
◊ Greenhouse gas emission is very low. izes the power loss as a typical
※ For that reason, the Global biomass power plant is Spread
out rapidly.
distributed power supply system
14
• Cost Reduction
• Reduction of greenhouse gas
Supply • Energy-saving
Electricity & Steam
Protection of the environment
Gain a foothold of the Global TOP 10 in 2017
15
Ⅳ. Business Overview Co., Ltd
1. Major accomplishments
Biomass power plant & Improvement of steam supply system in domestic
Division Contents
Installing 9.9MW/H Biomass power plant
Nonsan Biomass Power plant
Producing and Selling electricity and Renewable Energy Certificates
Yangju Biomass power plant
Producing and Selling electricity and Renewable Energy Certificates.
Nammyeon Biomass power plant
Geomjun Biomass power plant
Installing 29.7MW/H Biomass Cogeneration system and
Yeongjongdo project with Incheon
Improvement in accommodation & fuel replacement & heat(hot
Airport Energy
water) supplying service
20MWH Biomass Gasification Installing 20MW/H Biomass power plant

cogeneration plant in Hansol artone Producing and Selling electricity and Renewable Energy Certificates
paper Daejeon factory And selling process steam
16
Biomass business and power plant business in overseas (Early stage project)
Division Business contents

Biomass cogeneration  Budget: 1.5billion USD for 5years
system business
 Install biomass cogeneration power plants in China with China energy company and funds
 Budget: 35million USD

Wood pellet and wood  Area: Russia of far east area(Khabarovsk)
chip business  Make a wood pellet and wood chip and supply to Korea and sell wood to the Japan,China,
Korea
Wood pellet and wood  Budget: 50 million USD

chip projects in Vietnam  Area: Vietnam, Thailand,etc
and Thailand  Make a wood pellet & wood chip and supply it to the Asia as a fuel
Budget: 1,440,000 USD

Wood pellet and wood
 Area: Kalimantan Selatan provance of Indonesia
chip projects in Indonesia
 Make a wood pellet & wood chip and supply it to the Asia as a fuel
17
Completed “20MWh Biomass Cogeneration system Feasibility Study In the Lampung Indonesia”
• Capacity : 20MW/h
• Contents : Construction of corn pellet manufacturing factory and biomass power plant in
Lampung
• Service charges: USD 96,000 ( Total project cost is about USD 60,000,000 )
• Financing : Government funds by Korea New&Renewable Energy Association on Nov. 2011
• participation agency : Gunhwa Co.,
• Current situation: Project of Feasibility study is completed in May. 2013.
Business was end.
Lampung Province Bandar Mataram
Project site
20km
40km
60km
18
2. Ongoing Projects
A. Internal
content In detail
name Nonsan Biomass Power Plant
rigion Nonsan-si , Chungnam, Korea
Date of start Feb. 2015 (by Posco )
Date of Dec. 2016
completion
Capacity 9.9 MW/h
< Specialties>
 This is the first case of wood pellet power
plant of 9.9mw project that received
license in Korea
 First planned using pure wood pellet
power plant in Asia.
- Since that, about 40~50 biomass power plants
received a license from government in
Korea, but most of them can’t execute their
project, because they do not get REC
agreement with large fossil fuel power plant
companies.
19
2. Ongoing Projects
A. Internal
Nonsan Biomass Power Plant
We received a license and made a

Power Purchase Agreement from the
central Government of Korea to
operate a Nonsan power plant on 4th
November 2013.
◆ Summary
- Project name : Nonsan Biomass Power Plant
(New-renewable Energy Business)
- Capacity : 9.9MWh
- Fuel : Pure Wood pellet
20
2. Ongoing Projects
A. Internal
Yangju Biomass Power Plant

operate a Yangju power plant on 1st
October 2014.
◆ Summary
- Project name : Yangju Biomass Power Plant
- Capacity : 9.9MWh
- Fuel : Pure Wood pellet or Pure Wood Chip
21
2. Ongoing Projects
A. Internal
Yangju Biomass Power Plant
REC Contracted with Korea Districted Heating Corp(public

energy company). about 1 power plant.
22
2. Ongoing Projects
A. Internal
Nammyeon Biomass Power Plant

operate a Nammyeon power plant
on 1st October 2014.
◆ Summary
- Project name : Nammyeon Biomass Power Plant
- Capacity : 9.9MWh
23
2. Ongoing Projects
A. Internal
Nammyeon Biomass Power Plant
MOU Contracted of REC with Korea Hydro & Nuclear power (public)
Corp. about 1 power plant
24
2. Ongoing Projects
A. Internal
Geomjun Biomass Power Plant

operate a Geomjun power plant on
1st October 2014.
◆ Summary
- Project name : Geomjun Biomass Power Plant
- Capacity : 9.9MWh
25
2. Ongoing Projects
A. Internal
Geomjun Biomass Power Plant
MOU Contracted of REC with Korea Southern power (public)
Corp. about 1 power plant
26
2. Ongoing Projects
A. Internal
Yeongjongdo project with Incheon Airport Energy

 site : 272, Gonghangdong-ro, Jung-gu, Incheon, Korea
 Content : Install 29.7MW/H biomass cogeneration power plant near the Incheon Airport. Shall supply of
Hot Water to airport and near the residential district.
 total cost : about USD 109,090,909
current state : Consultation on steam supply system with Incheon International Airport Public Co.,
27
2. Ongoing Projects
A. Internal
20MWh Biomass Gasification Cogeneration plant in Hansol Artone paper Deajeon factory
 site : Hansol artone paper-manufacturing factory in Daedeok-gu, Daejeon-si, Korea
 Content : Install 20MW/H biomass gasification cogeneration plant in the factory.
Producing and Selling electricity and Renewable Energy Certificates And selling
process steam.
 total cost : USD 70,000,000
 current state : confer contract terms. Adjustment of business schedule,
28
2. Ongoing Projects
A. Internal
Photovoltaic power generation at the roof-top of factory and solar tunnel in the highway
 Content : Install Photovoltaic power generation in

the efficient locations. Such as roof-top of
factory and solar tunnel in the highway and
bonded warehouse, etc.
 Our company already has lots of co-work
experience with government office.
29
2. Ongoing Projects
B. Overseas
Biomass Cogeneration system in China
 site : eco-industrial park，Gannan ，Qiqihar City，Heilongjiang Province, China

 Content : Install biomass cogeneration power plants in China with China energy company and
funds. China government want this sort of environment friendly power plant
 total cost : USD 1.5billion for 5years
 current state : China energy company appointed Mr. Jang Oak to the C.T.O in china field.
prepare the funds for a commercial undertaking
30
2. Ongoing Projects
B. Overseas
Biomass Cogeneration system in China
Global Energy Development Corporation is ongoing to Install biomass

cogeneration power plants in China with China energy company and funds.
Currently China government want this sort of environment friendly power
plant. Belows documents are prove that China energy company appointed
Mr. Jang Oak to the C.T.O in china field.
31
2. Ongoing Projects
B. Overseas
Wood pellet and wood chip business in Russia

 area : Russia of far east area(Khabarovsk)
 Felling rights size: 257,253ha
 Content : Make a wood pellet and wood chip and supply to Korea
and sell wood to the Japan, China, Korea
 total cost : USD 35 million
 current state : make ready for the field survey
Contracted MOA with Russian Company as for doing timber harvesting business and
pellet manufacturing business and developing natural resources in Russia.
32
2. Ongoing Projects
B. Overseas
Wood pellet and wood chip projects in Vietnam and Thailand

 area : Vietnam, Thailand, etc
 Content : Make a wood pellet & wood chip and supply it to the
Asia as a fuel
 total cost : USD 50 million
 current state : make ready for the field survey and funding,
South east Asia area have a rich potential of
biomass business
Wood pellet and wood chip projects in Indonesia

 area : Kalimantan Selatan province of Indonesia
 Content : Make a wood pellet & wood chip and supply it to the
Asia as a fuel
 total cost : USD 1,440,000
 current state : make ready for the field survey and funding,
Indonesia has rich potential of biomass business,
Don’t need to buy project site. It is already confirm to
lease.
33
Buyer meeting
Have a sales meeting with Have a sales meeting with

a buyer from America a buyer from Pakistan
Meeting with Indonesia PT. PLN
34
The progress of Biomass power plant in China
Conclusion of a contract with At the scheduled

Gannan government business site
At the Gannan At the scheduled

Government office business site
35
 Balance sheet of Global Energy Development Co., Ltd (2012, 2013 ,2014)
[ Unit : USD ]
Content 2012 2013 2014

Current asset 95,903 38,345 534,543
Non-current asset 42,533 37,700 123,034
Total assets 138,436 76,045 657,577
Current liabilities 110,658 192,382 114,128
Non-current liabilities 0 90,909 199,508
Total liabilities 110,658 283,291 313,636
Capital 136,364 136,364 500,000
Capital surplus 0 0 0
Earned surplus -108,586 -343,610 -156,059
Total capital 27,778 -207,246 343,941
36
 Profit & Loss of Global Energy Development Co., Ltd (2012, 2013 ,2014)
[ Unit : USD ]
Content 2012 2013 2014

Sales 0 0 500,476
Cogs 0 0 13,850
Gross profits 0 0 486,626
Selling and
143,470 270,610 293,303
Admin. Expense
Operating income -143,470 -270,610 193,323
Net income -108,586 -235,023 187,550
37
Best Your Partner!
38
Attached Co., Ltd
Articles on the Yangju Biomass Power Plant
39
Attached Co., Ltd
Got certification Venture Business

• Global Energy Development Corporation
created R&D Department at Sep 05. 2014.
certified as a Venture Business by a Technology
guaranteed fund on Oct 21. 2014.
40
Attached Co., Ltd
Got BB grade of technical evaluation by Korea technology Finance

is working on “Improvement of steam supply
system using biomass fuel” projects since Aug.
2014.
got BB grade of technical evaluation by Korea
Technology Finance for this project.
41
Attached Co., Ltd
Registration of a patent for the effective Biomass Cogeneration System
Global Energy Development Corporation

Got a patent on July 08, 2015.
Title : Bio Cogeneration system using exhaust

gas and residual heat of the steam
Content : The object of the present invention is
aimed at reduce unnecessary waste heat from
boiler of the cogeneration system and these
are used for heating or hot water.
42
Attached Co., Ltd
WOOD CHIP CONTRACT STATUS
QUANTITY PRICE(U$)
NO ORIGIN COMPANY Final price (KRW/TON)
(TON) (CFR )
CFR Incheon port 93,500

1 VIETNAM ‘L’ company 240,000 85
DDP(\) 122,621

2 VIETNAM ‘N’ company 140,000 82
DDP(\) 119,321

3 VIETNAM ‘H’ company 120,000 82
DDP(\) 119,321

4 VIETNAM ‘E’ company 240,000 82
DDP(\) 119,321
5 KOREA ‘Y’ company 60,000 - DDP(\)70,000
6 KOREA ‘M’ company 60,000 - DDP(\)70,000
7 KOREA ‘G’ company 60,000 - DDP(\)70,000
43

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Global Energy Development

Contents Co., Ltd

II. Core competence 9 page

III. Strategic directions 11 page

Address #1214 New T-Castle, 429-1, Gasan-dong, Geumcheon-gu, Seoul

Tel (Fax) 82-2-413-5030(82-2-413-2580)

Business No. 215-87-65455

History of Company & Achievements

History of Company & Achievements

History of Company & Achievements

Name Position Participating History

ㅇ Renewable energy - geothermal heating and cooling (President & CEO)

Jeong r Manager - Rural Development

ㅇ Oseong Environments Inc. (President & CEO)

President & CEO:

Management Sales Overseas Business

President Executiv Senior

Organization chart expected as of January 2, 2015

Achievement of patent & etc

Global Energy Development Corporation

History of Company & Achievements

Our president (CEO, Jang Oak) has

Printed DONA-A ILBO(Aug.01.2014) and Sisa Today(Aug.01.2014 ~ Aug.07.2014)

Source of Our Competitiveness

Excellent Sufficient High Productivity

Direction of Business Strategy

1. Wood Pellet(Biomass Fuel) Supply

ㅇRenewable energy development business ㅇ Biomass power generation business

Main Business and Law

Biomass power plant business

Steam/Heat Supplying business

Biomass Fuel Business

Advantages of the Biomass power plant Business

 Sale to power company(public energy

REC sales Incineration

Advantages of the Biomass power plant Business

Advantage of durability Profitability

Environmental friendly Minimize electicity transmission

Protection of the environment

Gain a foothold of the Global TOP 10 in 2017

Biomass power plant & Improvement of steam supply system in domestic

20MWH Biomass Gasification Installing 20MW/H Biomass power plant

Division Business contents

 Budget: 35million USD

Wood pellet and wood  Budget: 50 million USD

Budget: 1,440,000 USD

Lampung Province Bandar Mataram

We received a license and made a

We received a license and made a

REC Contracted with Korea Districted Heating Corp(public

We received a license and made a

We received a license and made a

Yeongjongdo project with Incheon Airport Energy

 Content : Install Photovoltaic power generation in

Biomass Cogeneration system in China

 site : eco-industrial park，Gannan ，Qiqihar City，Heilongjiang Province, China

Biomass Cogeneration system in China

Global Energy Development Corporation is ongoing to Install biomass

Wood pellet and wood chip business in Russia

Wood pellet and wood chip projects in Vietnam and Thailand

Wood pellet and wood chip projects in Indonesia

Have a sales meeting with Have a sales meeting with

Meeting with Indonesia PT. PLN