Potential of Uzbekistan’s energy system and proposals for cooperation development with Korean companies STATE JOINT STOCK COMPANY «UZBEKENERGO» uzenergy.uzpak.uz Mr. Botir Teshabaev Chairman

Structure of Executive Body of the State Joint Stock Company “Uzbekenergo” Slide 1 Coal production OJSC "Uzbekugol" with affiliates The Boardof Company The Board of Company Council of the Company Power generation companies: TPP, HPP, HPP cascades Power sale company (affiliate) (affiliate) Repair and adjustment companies Design institutes Construction-and- Mounting company Logistical support companies Power distribution and selling companies Branch general functions UE Uzenergosozlash company Others Power transportation UE "Uzelektroset" with functional and zone affiliates

Installed capacities of the power plants (MW), total 12357,6 1. SJSC "Uzbekenergo" including: Thermal power plants (TPP) Hydro power plants (HPP) 12038, ,0 1419,6 2. Power plants are not in jurisdiction of SJSC "Uzbekenergo" 320 Slide 2 Structure of installed capacities of the power plants of Uzbekistan

Thermal power plants (TPP) Plants Installed capacity, МW Number of units Commissioning Syrdarya Novo-Angren Tashkent Navoii Talimardjan Hydro power plants (HPP) Hydro power plants (HPP) Plants Installed capacity, МW Number of units Commissioning Charvak620, Khodjikent Gazalkent Main power generation plants of SJSC "Uzbekenergo" Slide 3

Fuel consumption Total (thnds. tons of fuel equivalent) including: natural gas (bln.m 3 ) coal (mln.t.) mazut (mln.t.) underground gas (mln.m 3 ) 13,0 2,6 1,1 0,37 Slide 4 Structure of fuel consumption by power plants of the Company in 2004

0,4-500 kV electrical network total length, km including: 500 kV transmission lines 220 kV transmission lines 110 kV transmission lines 35 kV transmission lines 6-10 kV transmission lines 0,4 kV transmission lines Slide 5 Structure of electrical network

Structure of power consumption by branches of economy and population in 2004 Slide 6

Electric power tariffs for domestic consumption Tariffs kW/h Period (June-August) six months Tariffs (US cent) 0,880,760,831,302,083,14 Tariffs (uzbek sum) 4,004,708,0013,1021,3035,40 Slide 7

Measures for generation capacity commissioning for the period of years №Projects Commissio ning capacity, MW Note 1.Reconstruction of Syrdarya TPP 2 power units 120executed 2.Talimardjan TPP, unit № 1800commissioned in CCPP Construction, total Tashkent TPP modernization376at the first stage 3.2.Navoi TPP modernization Mubarek CHP reconstruction Tashkent CHP modernization60 Slide 8

kV electric network development for the period till 2010 Slide 9 №Names Commissioning capacity 1South-Western main transmission networks (MTN): 500 kV SS Sogdiana with kV OHL (I and II stage) 2х501 MVA - 67 km 500 kV OHL «Syrdarya TPP – Sogdiana» 205 km 500 kV OHL «Sogdiana – Talimardjan TPP» 216 km 2Central MTN: 220 kV SS Keles, step-down station 110 kV Navoi with kV OHL 400 MVA - 7,2 km 110 kV SS ODO with 110 kV cable line 126 MVA - 6 km 220 kV OHL «Tashkent TPP – Keles» 43,8 km 220 kV SS Yangiyul with 220 kV OHL 2х200 MVA - 20 km 3Eastern MTN: 500 kV SS Uzbekistanskaya with 500 kV OHL connection 501 MVA - 40 km 500 kV OHL Novo-Angren TPP - Uzbekistanskaya 200 km

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Financial results of the Company for 2004 In total incomes mln. sum including: total income on production sale mln. sum other incomes from the main activity mln. sum incomes as the dividends 80 mln. sum gain of exchange currency rate differences 161 mln. sum all the expenditures mln. sum including: charges of the period mln. sum interest charges 6163 mln. sum loss from exchange currency rate differences 2164 mln. sum The profit before taxation mln. sum Charged: income tax mln. sum other taxes and dues 8843 mln. sum The net profit mln. sum Slide 11 Slide 11

Joint Stock Companies (OJSC) which share are subject for sale №Denomination Statutory fund including Shares owned by SJSC "Uzbekenergo" Shares for sale thous. sum% % 1 Takhiatash TPP * 2 Navoi TPP * 3 Syr-Darya TPP ** 4 Tashkent HPP ** 5 Fergana HPP ** 6 Mubarek HPP ** 7 Karakalpakstan ESN * 8 Andijan ESN * 9 Djizakh ESN * 10 Namangan ESN * 11 Sirdarya ESN * 12 Tashkent ESN * 13 Fergana ESN * 14 Khorezm ESN * 15 Tashkent.City ESN * 16 Bukhara ESN * 17 Kashkadarya ESN * 18 Navoi ESN ** 19 Samarkand ESN * 20 Surkhandarya ESN * 21 Energoimpex * 22 Uzbekgidroenergokurilish * 23 Gidrospetstroy * 24 Uzbekugol * * - There is a process of definition of starting cost of a sold package of the shares. ** - Market value of holding of shares is thous. US$

Stage Stage Stage TotalCost, th.uzbek sum Single phase meters Three-phase meters Installation of modern electric power meters in networks Slide 13

Slide 14 reliable power supply of population and industry with qualitative electrical power; technical re-equipment and modernization of branch facilities, efficiency and functional improvement; reduction of negative energy production impact on the environment; further development of economical reforms creation and development electrical power market; integration process improvement in the unified power grid of the Central Asia. Strategic aims of development of electric Power Industry till 2010 are the following:

The company conducts the reconstruction works on Syrdarya TPP, having 10 energy units with single design capacity 300 MW The first phase of reconstruction of two power unit № 7 and № 8 by means of EBRD loan financing for the amount of USD 27,8mln was carried out at Syrdarya TPP Second phase – next power units reconstruction. Project cost will be defined after FS preparation «Syrdarya TPP» modernization Slide 15

The agreement between JBIC and Government of Republic of Uzbekistan was signed in 2002 where the Government of Japan provides the promotional loan at the amount of JY mln. for implementation of this project The project provides construction of 370 MW Combined Cycle Power Plant at Tashkent TPP with commissioning in 2008 The International Consulting Company on support of this project was selected by means of Bidding Now the preparation to Bidding process for selection of EPC Contractor is carrying out Modernization of the «Tashkent TPP» Slide 16

The installed capacity of Navoi TPP is 1250 MW. The Plant has 2 units of 210 MW, 4 units of 160MW, 6 boilers and 5 turbines, producing electric and thermal power The project provides construction of 346 MW modern Combined Cycle Power Plant. The Project Feasibility Study has developed and passed the examination in the authorized bodies. The total project cost according to Feasibility Study is US$ 232 mln Modernization of «Navoi TPP» Slide 17

The installed capacity of Mubarek CHP – 60 MW, plant has 3 boilers with steam productive capacity till 500 tn/h and 2 turbines, producing electrical - and thermal energy The Feasibility Study (FS) of the project was developed and passed the examination in the authorized bodies. The total project cost in compliance with Feasibility Study is USD103,2 mln The investment project purpose is the reconstruction and expansion of operating capacities of Mubarek CHP with commissioning of 2 unit (gas turbine mounting) of total capacity 106,3 MW of electrical energy and 400 ton /h of steam Mubarek CHP reconstruction Slide 18

Construction of 500 kV High Voltage transmission line from Syrdarya TPP to Sogdiana substation Project goal is effective power supply of Samarkand – Bukhara region, reduction electric power losses in transmission lines Islamic Development Bank allocated 25 mln. US dollars for this project with total cost 44 mln. US dollars. Now we are in a bidding process for project consulting company Slide 19

Project realization is planned for the period Project total cost 70 mln. USD, including IDB loan - 25 mln. USD Project goal is reliable power supply of Samarkand – Bukhara region, reduction electric power losses in transmission lines 500 kV High Voltage transmission line construction from SS Sogdiana to Talimardjan TPP Slide 20

Coal deposits of Republic of Uzbekistan Slide 21 Slide 21

Gas88,378,977,2 Oil6,67,67,8 Coal4,813,214,7 Gas (under ground gas installation)0,3 The forecast of structure of fuel consumption for electric power production at Power Plants of Uzbekistan (%) Slide 22 Slide 22

Work of rotor complex at open-pit mine "Angrenskiy" Slide 23 Slide 23

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