The document presents a project by ETHACOL Colombia S.A. to build ethanol production facilities in three phases. Phase I would include 8 distilleries producing 2.4 million liters per day, generating 4,000 direct and 20,000 indirect jobs. It is estimated to generate $1.15 billion in investment and have a net present value of $4 billion. Phases II and III would expand production capacity and job creation. The project expects significant tax revenues and social benefits like urban development and would be supported by the Colombian government.

1. PRESENTATION ON ETHANOL COLOMBIA S.A. PROJECT

9. 3. BALANCE FINANCIAL

10. 3. FINANCIAL BALANCE

11. 3. FINANCIAL BALANCE For the Net present value we have used the rate of 7,5 % TIR CALCULATED ON EBITDA

13. 4. PHASE I TIMETABLE

22. THANK YOU!