1. Construction of Balkhashskaya TPS
“САМҰРЫҚ” МЕМЛЕКЕТТIК АКТИВТЕРДI БАСҚАРУ ЖӨНIНДЕГI ҚАЗАҚСТАНДЫҚ ХОЛДИНГI“ АҚ
JSC “KAZAKHSTAN HOLDING FOR MANAGEMENT OF STATE ASSETS “SAMRUK”
АО “КАЗАХСТАНСКИЙ ХОЛДИНГ ПО УПРАВЛЕНИЮ ГОСУДАРСТВЕННЫМИ АКТИВАМИ “САМРУК”
Construction of Balkhashskaya TPS
Investment Forum of Kazakhstan
2008, July
Seoul, Korea

2. The Project is included to the List of breakthrough projects
Construction of Balkhashskaya TPS
Actuality
Program for development of Unified energy system of the Republic of Kazakhstan until 2010 with perspective to 2015.
approved by Ministry of energy and mineral resources of the Republic of Kazakhstan (MEMR RK) , №150
The Project is included to the List of breakthrough projects
approved by Protocol of the State commission on economy modernization issues of the Republic of Kazakhstan №7 dated
Correction of forecasting balances of power energy and power capacity within the regions, oblasts and territory of the Republic of Kazakhstan
approved by MEMR RK , №160.
Deficit of power energy in South region

3. Construction of Balkhashskaya TPS

4. mlln.USD (currency 120,7KZT/1$)
Construction of Balkhashskaya TPS
Project costs
mlln.USD (currency 120,7KZT/1$)
Construction of the 1st module
2 411
Construction of the 2nd module
2 086
Other expenses, excluded from estimated costs, comprising maintenance of direction and technical personnel of the Balkhashskaya TPS
203
Total capital costs
4 700
Scheme of financing:
Share capital – 30% from the total volume of investments
1 410
Loan capital – 70% from the total volume of investments
3 290

5. Reach of rated capacity
Construction of Balkhashskaya TPS
Key performance figures №
Figures
Units of measurement
Reach of rated capacity 1
Total cost of construction (at the prices of ), total including VAT
mln. USD
4 497 2
Specific capital investments including VAT
USD/kWt
1 704 3
Average unit prime cost of product for project exploitation period (with discounting)
USD/KWth
0,046 4
Net profit (mid-annual for billing period )
mlln. USD
434,357 5
Net present Value (NPV) for billing period (rate 10%)
75,542 6
Simple capital investments payback period
years 9 7
Discount payback period 28 8
Internal rate of Return (IRR) %
10,27

6. Reach of rated capacity
Construction of Balkhashskaya TPS
Key performance figures №
Figures
Units of measurement
Reach of rated capacity 1
Established electric power output
МWt
2 640 2
Annual electric power production
mln.kWth
17 160 3
Annual electric power supply
15 444 4
Annual reference fuel consumption
thousand tons of r.f.
4 942 5
Annual natural fuel consumption
- coal
- fuel oil
thousand tons
8 649 36 6
Specific reference fuel consumption for electric power supply
Gramm/kWth
320 7
Total number of employees
person
800 8
Construction period
month
102

7. Kazakhstan South region
Construction of Balkhashskaya TPS
Kazakhstan South region
The South region of the Republic of Kazakhstan includes Almatinskaya, Zhambylskaya, Kyzylordinskaya, Yujno-Kazakhstanskaya and the largest city of the country – Almaty city.
Existing deficit is covered by cross-flows from North of Kazakhstan and Central Asia

8. the main power generator in the region, there is a need in
Construction of Balkhashskaya TPS
Kazakhstan South region
Taking into account loading and depreciation of Zhambylskaya GRES (oil-fired) –
the main power generator in the region, there is a need in
Construction of power station, which can cover the increasing demand of electricity in the region.

9. Key figures of the TPS TPS capacity Construction period Fuel
Construction of Balkhashskaya TPS
Key figures of the TPS
TPS capacity
Determined electric capacity of the station is WВт;
Annual power production is mlln. kWt·h;
Assembly – modular – installation of 2 modules per 2 power blocks;
Energy block capacity – 660 МВт.
Construction period
1st module 2 х 660 MWт (1320 MWт) – (66 months);
2nd module 2 х 660 МWт (1320 МWт) – (72 months).
Fuel
The coal of Ekibastuz Coal Basin according to the “Conceptions for fuel complex development of the Republic of Kazakhstan”
Consumption: after running the 1st module – tons/year;
after running the 2nd module – tons/year.
Feasibility study
Elaborated by “KazNIPIEnergoprom” Institute, LLP and approved by corresponding government bodies.

10. Location of the Project realization
Construction of Balkhashskaya TPS
Location of the Project realization
Republic of Kazakhstan;
South-west of Balkhash lake shore on the border of Almatinskaya and Zhambylskaya oblasts;
Earlier specified and partly completed construction site of Yujno-Kazakhstanskaya GRES (YuK GRES).
Reasons of choice:
The central part of electric power transit “North-South” of Kazakhstan – are power lines with voltage 500÷220kV. Creation of power output in this region will significantly increase the capacity of existing and under construction high voltage lines;
Enhancement of the reliability of power supply in south of Kazakhstan during the construction of Balkhashskaya TPS;
Prevention of unacceptable growth in prices for power energy in South region of Kazakhstan (cheap coal instead of expensive oil fuel and gas)
Availability of large water source – Balkhash lake allows to organize a process of water supply for TPS.
Within the project implementation for construction the Yujno-Kazakhstanskaya GRES on the estimated site a range of preparatory works have been implemented.

11. Realization of the Project
Construction of Balkhashskaya TPS
Realization of the Project
SPV shall be created as Balkhashskaya TPS, JSC, which will perform as project company with following functions:
Attraction and organization of financing the Project;
Project administration;
Conclusion of EPC contract (Engineering, Procurement and Construction Contract – «turn-key» contract);
Exploitation and assets operation, built up as a result of Project realization.
Conclusion of contracts with KEGOC, JSC – the national (100% state owned) electric grid operator of RK and other consumers to supply electric power.
Проверить насчет обеспечения гос гарантией
Possible involvement of state guarantee in the project realization as a security for attracted loans.

12. Strategic or portfolio
Construction of Balkhashskaya TPS
Financial structure
Samruk-Energo, JSC
25%
from share capital of
BTPS, JSC
Strategic or portfolio
Investors
75%
from share capital of
BTPS, JSC
Lenders
Share capital
Balkhashskaya TPS, JSC
30% from Project cost
[1 410 mlln USD]
Loan proceeds
70% from Project cost
[3 290 mlln. USD]
guarantee
cash flows from the Project
PROJECT
ЕРС contract

13. Construction of Balkhashskaya TPS
Financial structure
In order to realization a capital intensive Project from power energy sector a long term financing is required, when capital investments generate stable and predictable cash flows.
Project financing increases investment profit in virtue of high financial instrument, it allows to attract strategic investors.
Existence of sound possibilities to use a mechanism of public-private partnership.

14. Contracts for electric power purchase
Construction of Balkhashskaya TPS
Financing traffic pattern
INVESTORS
LENDERS
FINANCING
Equity capital
Loan capital
ЕРС contract
Balkhashskaya TPS
Contracts for electric power purchase
Power consumers
Balkhashskaya TPS, JSC
Debt return
Profits

15. Effects from the project realization
Construction of Balkhashskaya TPS
Effects from the project realization
Construction of Balkhashskaya TPS:
will insure the coverage of future burdens in the region,
will increase reliability of electric power supply,
will create a necessary reserve of power energy,
will allow to realize the export potential of the Republic of Kazakhstan.

16. Holding Samruk, JSC
tel:
fax:
Samruk Invest LLP
tel:
fax: