Continental Carbon of India Limited II

completed

Continental Carbon India Limited (“CCIL”, the “Company”), located in Ghaziabad, State of Uttar Pradesh, India, is a carbon black manufacturing company with the nameplate capacity to produce up to 65,000 tons per annum (tpa) of carbon black. The company has requested IFC assistance for the financing of its project, consisting of the following components: - the construction and operation of about a 15 MW power co-generation facility; - the de-bottlenecking and modernization of its existing carbon black facility; and - the restructuring of the outstanding IFC A and B loan maturities in the amount of $11.75 million. The project is scheduled to be completed in June 2008.IFC financed the original project in 2001 (IFC/R2001-0017) which was to upgrade, modernize and expand an existing carbon black plant acquired from Oriental Carbon & Chemicals Limited, providing $9.0 million in A loan and $11.5 million in B loans.