AES CORPORATION Dale W. Perry Vice President AES Corporation Regional Electricity Integration: The AES Focus

1 Breadth of AES Capabilities DistributionCoal-FiredHydroelectric Wind PowerLNGGas-Fired

2 AES in Kazakhstan

AES CORPORATION China Pakistan

4 Regional Market Cost-Price Gaps $4 to $30 per MWh $48 to $60 per MWh $8 to $30 per MWh $30 to $55 per MWh $25 MWh to $350 MWh $15 to $32 per MWh $4 to $30 per MWh

5 Regional Integration: AES Regional Offices Kazakhstan –Almaty –Astana –Ekibastuz –Ust Kamenogorsk –Semipalatensk Kyrgystan –Bishkek Tadjikistan –Dushanbe Russia –Moscow Pakistan –Karachi –Islamabad –Lahore China –Beijing

6 Central Asia Integration: The AES Focus Generation –Coal and HydroKazakhstan (owned since 1996) –Hydro and CoalKyrgyztan –Hydro and CoalTadjikistan Distribution –Kazakhstan (since 2000) –Kyrgyztan Regional Transmission Company –Kyrgyztan, Tadjikistan, Afghanistan, to Pakistan –Desktop Study completed August 2007 –Assuming now this will be done by Public Sector