ContourGlobal's Lake Kivu Project Receives Guarantee From the Multilateral Investment Guarantee Agency of the World Bank

Guarantee facilitates development of ContourGlobal KivuWatt's $142 million gas extraction facility and power plant in Rwanda

NEW YORK and WASHINGTON, May 4, 2011 - ContourGlobal announced today that the Multilateral Investment Guarantee
Agency (MIGA) has issued an investment guarantee supporting the company's
$142 million KivuWatt project, an integrated methane gas extraction and
production facility and associated 25 MW power plant located on Lake Kivu in
Kibuye, Rwanda. The combined project will remove otherwise hazardous methane
gas trapped in the waters of Lake Kivu, and process the gas to use as fuel to
generate much needed electricity for the national power utility of Rwanda,
where the vast majority of the population does not have access to
electricity.

By tapping the indigenous fuel, which is comprised of sub-surface methane
dissolved in Lake Kivu's deep water, the KivuWatt project will significantly
lower the cost of electricity necessary to drive Rwanda's fast growing
economy. The KivuWatt project will also represent the first large scale use
of the gas, and the gas extraction will greatly mitigate the environmental
hazards associated with a natural release of the lake gases in addition to
providing an environmentally friendly and sustainable source of power
generation.

The KivuWatt project is currently under construction in Kibuye, Rwanda
where the barge housing the gas extraction facility is nearing completion and
is expected to be launched in early June 2011. Wartsila of Finland is
manufacturing the electricity generating engines and will begin constructing
the power generating station, also located in Kibuye, in May 2011. KivuWatt
is currently finalizing a project financing with a lending syndicate led by
the African Development Bank, the Emerging Africa Infrastructure Fund, and
FMO, the Dutch development bank. The project is expected to be placed into
service in 2012.

Joseph C. Brandt, President and Chief Executive Officer of ContourGlobal,
said "MIGA's issuance of this guarantee package is an important development
milestone for the KivuWatt project and comes as the project is just one year
away from full operations. We are grateful to MIGA for their dedication and
support and the leadership they have shown in committing to the project at
this critical stage."

"Rwanda has tremendous potential for economic growth, but the persistent
challenge of a lack of power infrastructure has been a huge constraint," says
Izumi Kobayashi, MIGA's Executive Vice President. "We are pleased that we
were able to facilitate this investment into a complex renewable project that
will help Rwanda achieve one of its key development objectives."

About ContourGlobal

ContourGlobal is a power and energy operating and development company
headquartered in New York City with approximately 900 employees worldwide and
over 1,300 MW of capacity in operation, under construction, or in active
development in a diverse set of markets including North and South America,
the European Union, Ukraine, and Sub-Saharan Africa. The Company is one of
the leading power development companies in Africa with projects under
construction or in development in five countries, including Togo, Nigeria,
Rwanda, Kenya and Mali. Its project in Togo was recognized as Euromoney
Project Finance Magazine's African Private Power Deal of the Year in 2009,
and its ContourGlobal Solutions' project in Europe and Africa was similarly
recognized by Euromoney Project Finance in 2010.

For more information, visit www.contourglobal.com.

About MIGA

MIGA was created in 1988 as a member of the World Bank Group to promote
foreign direct investment into developing countries to support economic
growth, reduce poverty, and improve people's lives. MIGA fulfills this
mandate by offering political risk insurance (guarantees) to investors and
lenders, covering risks including expropriation, breach of contract, currency
transfer restriction, war and civil disturbance, and non-honoring of
sovereign financial obligations.

For more information, visit www.miga.org

ContourGlobal: William Barry, +1-212-307-2518; MIGA: Rebecca Post, +1-202-473-1964, Mallory Saleson, +1-202-473-0844