Adolfo Menendez, Chairman of the Board

Al Menendez has over 30 years experience in power generation and project finance. Currently, he also serves as Chairman and CEO of Global Management Partners, a project development company, and as Chairman of Princeton Energy Resources International, an energy consulting company. Previously, Mr. Menendez was the President and co-founder of K&M Engineering and Consulting Corporation and KMR Power Corporation, an international power plant development company that completed several power plants overseas before merging with AES Corporation. Prior to forming K&M and KMR, he was a Senior Project Manager for International Operations at Bechtel Power Corporation. Mr. Menendez holds a B.S. in Mechanical Engineering from Manhattan College and a Business Management Certificate from Golden Gate University.

Frank Tenore, Vice-Chairman

Frank Tenore has over 35 years of experience in the pulp and paper industry encompassing the functional areas of design, engineering, project management, construction oversight and start-up operations. Prior to his retirement in 2002, he served as President of StoneChem (now ThermoChem Recovery North America), a subsidiary of TRI. Prior to joining TRI, Mr. Tenore held various managerial and executive positions at Stone & Webster Engineering Company, including Corporate Vice President and Manager of Pulp and Paper, and President of Stone & Webster Industrial Technology Corporation. Mr. Tenore attended the University of Massachusetts and Northeastern University with concentrations in mechanical engineering and Worcester Polytechnic Institute focusing on project management.

Thomas F. Bechtel, Director

Tom Bechtel has extensive experience in management and environmentally-oriented technology commercialization. Since 1996, he has operated TFB Consulting, a management consulting business, specializing in technology based strategy development, total quality management, and technology commercialization. Prior to that, he served as Associate Director for Technical Management and Center Director for Morgantown (WV) Energy Technology Center. Additionally, he served in various executive and engineering roles with Envirotech Corporation and General Electric Co. focused on air pollution control businesses, industrial power generation and aerospace. Mr. Bechtel earned a B.S. in Mechanical Engineering from Lehigh University, a M.S. in Applied Mechanics from the University of Cincinnati and completed the General Electric Advanced Engineering Program.

Richard D. Grant, Director

Mr. Grant is retired from JPMORGAN/CHASE where he spent over two decades in the Oil & Gas group and the Project Finance Group. He negotiated and underwrote limited recourse project financings in the U.S., Latin America and spent several years in the UK where he was responsible for power and infrastructure project financings for the area running from Scandinavia to Cape Town and from Gibraltar to Calcutta. In the US, Grant was instrumental in developing a program at Chase for providing capital for start-up companies trying to commercialize new environmental remediation technologies. Mr. Grant is the author of a number of published articles on project finance in the emerging world and has been a popular speaker at conferences around the world dealing with project implementation challenges. He has designed and led instructional programs for bankers, government officials and executives on private sector project financings in the U.S., Latin America, India, Eastern Europe, Turkey and Africa. Upon retirement from JPMORGAN/CHASE, Grant formed Sextant Capital Strategies, a consulting firm that advises clients on structuring projects to comply with the requirements of equity investors and lending institutions, including both private sector and multi-lateral development institutions. Mr. Grant continues to design and deliver commercial seminars on limited recourse financing challenges. He works with an NGO dealing with education programs in Bangladesh, is a director of the Connecticut Food Bank and a financing subsidiary of the American Red Cross. He serves on several private sector boards and was a Visiting Fellow of Silliman and Berkeley Colleges at Yale College, teaching a residential college seminar on third-world finance challenges. Mr. Grant is a veteran of the U.S. Navy, a Viet Nam veteran and holds a B.A. from the University of North Carolina and an MBA from the Fuqua School at Duke