Prospects for cooperation in the field of energy Joint Stock Company «Uzbekenergo» Prospects for cooperation in the field of energy 23rd Session of the Uzbek-British Trade & Industry Council November 17, 2016 Tashkent, Uzbekistan

Joint Stock Company «Uzbekenergo» JSC «Uzbekenergo» consists of 58 enterprises and organizations: - 10 Thermal Power Plants; - 28 Hydropower Plants; - 4 Design Institutes; -11 Construction and Repair Companies. Installed Capacity of Power Plants: 12 500 MW Length of Power Grid: 255 800 km Number of employees: 55 000

Ongoing investment projects Nowadays implementation of 55 projects with total cost 13,7 bln. USD under progress. - Thermal power plants (15 projects) Total cost: 8,18 bln. USD Hydropower plants (13 projects) Total cost: 496 mln. USD Power grid (18 projects) Total cost: 4,1 bln. USD Renewable energy (9 projects) Total cost: 939 mln. USD

Long-range projects for cooperation with British partners Project on construction of solar photoelectric power station in Namangan region Installed capacity: 100 MW Preliminary project cost: 210 mln. USD Structure of finance: ADB (under discussion) - 100,0 mln. USD; Internal funds - 110,0 mln. USD. Project implementation period: 2017 - 2019 Project status: Currently pre-investment works in progress. Project on construction of solar photoelectric power station in Sherabad District, Surkhandarya region Project implementation period: 2019 - 2021

Long-range projects for cooperation with British partners Project on construction of Wind park Preliminary project cost: 120 mln. USD Structure of finance: WB (under discussion) - 110,0 mln. USD; Internal funds - 10,0 mln. USD. Project implementation period: 2018 - 2022 Project status: Currently pre-investment works in progress. Tashkent Thermal Power Cogeneration Plant Construction Project Installed capacity: 4 X 27 MW Structure of finance: JICA - 97,4 mln. USD; UFRD - 66,0 mln. USD. Project implementation period: 2015 - 2021 Project status: Currently bidding for selection of consultant is under way. A bidding for selection of EPC contractor is scheduled for the 2td quarter of 2017.

Long-range projects for cooperation with British partners Project on construction of 3rd CCGT unit at Navoi TPP Installed capacity: 450 MW Structure of finance: JICA - 340,0 mln. USD; Internal funds - 160,0 mln. USD. Project implementation period: 2019 - 2021 Project status: Currently pre-investment works in progress. A tender for selection of consultant is scheduled for the 3rd quarter of 2017. Advanced Electricity Metering (AEM) Projects Implementation of AEM projects in 10 regions of the country with the installation of more than 5 mln. units of advanced electronic electricity meters is scheduled for 2017. Funding: Projects with total cost more than 500 mln. USD will be co-financed by Asian Development Bank, World Bank and Islamic Development Bank.

Attraction of Foreign Direct Investments into the Energy Sector The mainstream of JSC «Uzbekenergo»’s investment strategy is attraction of Foreign Direct Investments by: International production cooperation accompanied by transfer of modern technologies; Establishment of enterprises with foreign equity participation; Realization of shares of organizations. Thereupon a number of Presidential and Government of the Republic of Uzbekistan decisions have been passed which provided realization of holding of shares of subordinate companies of JSC «Uzbekenergo». Currently holding of shares 5 joint stock companies put up for organized biddings.

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