List of Subsidiaries of Global Energy Inc.
| 1. |
Global Fuel Israel Ltd., a wholly owned subsidiary incorporated under the laws of the State of Israel. |
| 2. |
Global N.R.G. Pacific Ltd., a 50.1% owned subsidiary incorporated under the laws of the State of Israel. |
| 3. |
Global Energy Ethiopia PLC, a 99.9% owned subsidiary of Global NRG Pacific Ltd. incorporated under the laws of Ethiopia. |
| 4. |
AlphaKat – Global Energy GMBH, a 50% owned subsidiary incorporated under the laws of Germany. |