ME PROjECTS

Location Details of MBM Solar Holding Inc, which will build a 2500MT/a solar- grade polysilicon plant in the UAE. : UAE : MBM Holdings has announced the formation The planned polysilicon plant will have a total capacity of 2,500 tons per annum of high quality solar-grade polysilicon product and is expected to start production in early 2012. The project is being sponsored by MBM Holdings and will be developed jointly with ERC Private Limited Singapore (Lancaster Holdings International LLC, a closely-held company that acquires underperforming businesses in Asia), which has an extensive experience in developing similar plants. This Dh1.5 billion ($400 million) project will be the first upstream plant of its kind to be constructed in the UAE and has synergies with Abu Dhabi's focus on downstream solar projects. MBM Solar said the feasibility study for the plant has been concluded and the engineering partners have been identified. Currently MBM is in negotiations with local authorities for land and power for this project. The plants location has yet to be decided. ERC Singapore is the equity and technology partner given their worldwide networks, technical-commercial expertise, existing management team and their ability to plan and execute a project in record time. MBM Solar Holding Inc will form the anchor for supporting other private sector developers in the solar downstream sector. The plant will be build to accommodate incremental production capacity so as to increase production beyond 2500MT/a. Contact Details: MBM Holdings PO Box 8182 Dubai UAE Phone: [phone] Fax: [phone] Email: [email protected] Lancaster Holdings International 8 Cross Street 11-00 PWC Building Singapore 048424 Email: [email protected]