Project Parameters

1
Slide ? 1
Construction of Balkhashskaya TPS

• Project Parameters
• Planned capacity 2 640 ?W
• Construction period
• 1st module 2 ? 660 ?W (1 320 ?W) 2008-2013
• 2nd module 2 ? 660 ?W (1 320 ?W) 2011-2016
  
• construction cost 564 billion KZT ( 4 700 mln)

• Financing
• The project will be implemented on the principles
  of public-private partnership
• The following financial structure of the project
  was approved by the Government   share capital
  - 30   loan capital - 70
• Therefore, the structure of the share capital of
  Balhashskaya TPS JSC includes   Government
  share - 25 1 share   Private investors - 75 -
  1 share
• Project current status
• An international tender for selection of a
  strategic investment partner has been announced
  on October 11, 2008.
• the Strategic Investment Partner will be
  determined after completion of the
  pre-qualification selection in December, 2008.
• Tender procedures for selection of ancillary
  facilities design contractor have been held.
• Project Coordinator Samruk-Energo JSC

2
????? ? 2
Construction of the Third Power-generating Unit
of Ekibastuz GRES -2
Capacity of operating power-generating units
1000 ?W, Project Capacity of power-generating
unit ? 3 500 ?W Location Pavlodar region Owners
of Ekibastuz GRES -2 50 SWF Samruk-Kazyna
JSC (Republic of Kazakhstan) 50 OJSC Inter RAO
UES (Russian Federation) Project implementation
period 2008-2012 Project cost 651,8 million
Financing Borrowed funds Co-financing of
shareholders (30 of the project cost) Equity
funds of JSC Stantsiya Ekibastuzskaya GRES-2
Project current status Mandated letters for
organization of long-term loans have been signed
by JSC SEGRES-2 with European Bank for
Reconstruction and Development and Eurasian
Development Bank At the present time mentioned
above banks are holding technical, economic and
ecology audit of the project. Banks decision on
their participation in the project is planned to
be received in current year. Herewith according
to the audit results the cost of the project
defined in the feasibility study can
significantly increase (up to 650 mlln.) An open
tender has been announced for acquisition of
consulting services for documents on choosing
EPC-contractor elaboration. Project
Coordinator Samruk-Energo JSC
3
????? ? 3
Kazakhstan Electricity Transmission
Rehabilitation Project, II stage

• Mission to ensure reliable functioning of the
  national grid of Kazakhstan
• Main components of the Project
• Replacement of high-voltage switching and
  measuring equipment
• Installation of 220 kV shunt reactors
• Replacement of autotransformers of 500, 220 kV
• Upgrading telecommunications and relay
  protection
• Replacement of arresters for excess-voltage
  suppressors
• Replacement of the service transformers

• Reconstruction of substations made by the
  schemes with isolating, concurrent sectionalized
  and bypass switches
• Project cost 52 billion KZT ( 433 mln)
• Source of financing
• Substation part of the project 100 of
  borrowed funds of EBRD (Loan agreement of
  05.06.2008 in the amount of 255 mln)
• Lineal part of the project Sources of
  financing are not determined
• Project implementation period 2008-2012 (taking
  into account HV-line up to 2016)
• Current status
• The winner of the tender for selecting a
  consultant was defined (preparation of technical
  specification, tender documents for contractors,
  etc.) - MVV Consulting. The signing of the
  contract - in mid-November, 2008.
• Necessary work for launching of the project is
  maintained in accordance with the previously
  approved schedule.
• Project Coordinator KEGOC JSC

4
Construction of 500 kV Alma SS connected to
Kazakhstan National Electricity Network via
500-220 kV lines
????? ? 4

• Mission
• - Reliable electricity supply of almaty region
  
• - Power output of Balkhashskaya TPS
• Location Almaty region
• Coordinator KEGOC JSC
• Project implementation period 2009-2012
• Project Cost 29,97 billion KZT ( 250 mln.)

• Components of the project
• First Stage (completion in 2011)
• - Construction of 500 kV Alma SS,
• construction of 500 kV Almaty Alma
  transmission line with reconstruction of 500 kV
  outdoor switchgear on Almaty SS
• Construction of 220 kV transmission line to be
  connected with existing network.
• Second Stage (completion in 2012)
• - Construction of HV-line-500 kV YuKGRES-ALMA
  with the reconstruction of OSG 500 kV at SS
  YuKGRES.
• Financing
• The agreement with the International Bank for
  Reconstruction and Development was reached on
  receiving a loan (about 240 million) secured by
  the sovereign guarantee (the national budget for
  2008 provides for this guarantee)
• Own funds of KEGOC JSC
• Project Coordinator KEGOC JSC

5
Power Output of Balkhashskaya TPS
????? ? 5

• Location Almaty and Zhambyl regions
• Project cost
• 31 billion KZT ( 260 mln)
• Components of the project
• Construction of 4 Transmission lines of 500 kV
  from Balkhashskaya TPS to YuKGRES SS with the
  length of 3 km each
• Extension of YuKGRES SS
• Construction of 500 kV YuKGRES - Shu
  transmission line
• Construction of 500 kV Shu Zhambyl
  transmission line

Project implementation period I stage
(ensuring of power operation of the 1st module of
BTPS) - 2009-2011 II stage (ensuring of power
operation of the 2nd module of BTPS) up to
2015 Financing Sources of financing are not
determined Project Coordinator KEGOC JSC
6
Power Output of Moynak HPP
Slide ? 6
Project cost 7,5 billion KZT (US62,5mln)
Project implementation period 2009-2011

• The main components of the project
• Construction of High voltage 220/110 kV Moynak
  HPP
• Construction of 220 kV high voltage Moynak HPP
  SHELEK substation (119 km)
• Construction of 220 kV High voltage substation
  Moynak HPP substation of SARIOZEK (215 km)
• Construction of 220 kV OHTL enterings at Saryozek
  substation (4 km)
• Reconstruction and expansion of 220/110/35/10
  kV outdoor switchgear at Saryozek SS
• Reconstruction and expansion of 220/110/35/10 kV
  outdoor switchgear at SHELEK SS

• Financing
• The agreement with the International Bank for
  Reconstruction and Development was reached on
  receiving a loan (about 60 million) secured by
  the sovereign guarantee (the national budget for
  2008 provides for this guarantee)
• Own funds of JSC KEGOC
• Current status
• JSC KazNIPIITES Energiya developed feasibility
  study of the project and state expertise revew
  was given by RGP Gosexpertiza
• Project coordinator JSC KEGOC

7
Reconstruction and expansion of Almaty CHP-1,2
slide 7
ALMATY CHP-1 Electric power ,
installed 145 ?W
available capacity in winter 115
?W available
capacity in summer 35 ?W Thermal Power
,available 985 Gcal/hour ALMATY CHP -2
Electric power , installed
510 ?W available
380 MW Thermal Power , installed
1 176 Gcal/hour
available 750 Gcal/hour Project
coordinator JSC SAMRUK-ENERGY
8
Construction of 500 kV Second Transmission Line
of Kazakhstan North South Transit
Slide ? 8

• Implementation period 2004-2009
• Project cost 43,7 billion KZT
• Source of financing
• Loan funds International Bank of Reconstruction
  and Development (US100 mln.), European Bank of
  Reconstruction (US147,8 mln.), Development Bank
  of Kazakhstan US21 mln and 6,97 billion KZT) and
  own funds of JSC KEGOC
• Length of the OHTL 1115 km
• I phase YuKGRES SHU (250 km)
• Construction of SHU SS, extension of YuKGRES SS
  ,reconstruction of ALmaty SS.
• Location Almaty and Zhambyl region
• II phase Ekibastuz Agadyr (475 km)
• III phase Agadyr YuKGRES (390 km)
• Location - Karaganda and Almaty region

• The main components of the project
• Construction of three sections of 500 kV OHTL
  including fiber optic communication line
• Extension and reconstruction of existing 500 kV
  substation and construction of new 500 kV
  substation SHU
• Provision of the required relay protection and
  automation, telecommunication facilities and
  dispatching and technological control facilities
• Current status
• Commissioning of the firat phase YuKGRES-Shu
  was in 22 October of 2008 which increases the
  transmitting capacity of the existing transit
  North-South to 100 MW.
• Construction of the second and third phases are
  maintained in accordance with the approved
  schedule ,which is planned to finish in 2009
• Project Coordinator JSCKEGOC

9
Slide ? 9
Construction of interregional power line of North
Kazakstan Aktobe region
Extension of line 500 km Project cost 19,9
billion KZT Project implementation period 2006
- 2008 . Main components of the
project -construction of 500 kV high Voltage
substation including fiber optic communication
line -expansion and reconstruction of
substation Ulke and Zhetykara -providing of
necessary capacity of relay protection and
current electricity . -providing means of control
and technology management
The project is based on PPP principles Establish
ment of concessionaire company Batys Tranzit
JSC ( Mehenergostroy LLP - 80 of equity fund,
KEGOC JSC - 20 of equity fund). Concession
Agreement between Ministry of Energy and Mineral
resources and Batys Tranzit JSC for
construction and operation of the transmission
line has been signed. Financing At the expenses
of issue and placement the infrastructural bonds
of Batys Tranzit JSC secured by the Government
guarantee of the Republic of Kazakhstan Current
status Construction and installation works on
Zhetykara SS and Ulke SS and on linear part
of power transmission line have been carrying
out. At present time, the project is completed
for about 70 of the whole required work. The
Completion of the construction is planned to be
done by the end of this year (2008).
10
Slide ? 10
Kazakhstan Electricity Transmission
Rehabilitation Project, I stage

• Project cost 43,8 billion KZT
• Project implementation period 2000-2009
• Source of financing
• credit of International bank of Reconstruction
  and Development (140 mln),
• credit loan from European bank of
  Reconstruction and Development secured by the
  sovereign guarantee (45 mln),
• Own funds of KEGOC JSC
• Main components of the project

• - Replacement of outdated equipment on 46 High
  Voltage substations ( 74 are available on the
  balance of KEGOC JSC)
• Modernization of relay protection and automatics
  on substations
• Modernization of telecommunications
• Modernization of the National Electrical Network
  (installation of monitoring and data processing
  (SCADA) and energy management systems (EMS).
• Creation of an automated system for commercial
  accounting of electricity (APSMACS) and
  integrated system of government trade system
• Current status
• At the present time all components of the
  project besides the modernization of relay
  protection and automation of high voltage
  substation had been completed
• Project Coordinator KEGOC JSC

11
SLIDE ? 11
Construction of Moynak HPP
Location river Charyn in Almaty region
Owners 51 Samruk-Kazyna Sovereign Wealth
Fund JSC (through KazKuat LLP) 49 ??
Birlik JSC Project cost 340 mln. Capacity
300 ?W. Project implementation period 2006-2011
Components of the project Head end Bestyube
reservoir composed of masonry cum-earth dam
and engineering and maintenance
discharge. Station branch composed of water
receiving chamber, diversion tunnel,
compensation basin, power conduit ,building of
HPP. Regulator with water reservoir Auxiliary
facilities buildings composed of maintenance
service personnel, highways, external electric
supply,water supply and sewerage. Financing of
the project Loan from Development Bank of
Kazakhstan 50,8 mln, Loan from State
Development Bank of China 200 mln, Own loan
funds of the shareholders of Moynak HPP
JSC Current construction status construction
assembly work is carrying out . Project
coordinator SAMRUK-ENERGY JSC
12
Contact information

• Samruk-Energy JSC
• Republic of Kazakhstan, 050002, Almaty city,
• Dostyk avenue, 7, tel. [phone]
• fax [phone]
• E-mail zhnurpeissova_at_ales.kz,
• Chairman of the Management board Upushev Yerlan
  Yelemesovich
• KEGOC JSC
• Republic of Kazakhstan, 010000, Astana city,
• Beybitshilik avenue, 37, tel. [phone]
• fax [phone]
• E-mail kegoc_at_kegoc.kz
• President Bozumbayev Kanat Aldabergenovich