Cameroon Trade and Investment ForumMikael Karlsson, CEO7 May 2014

Globeleq Africa The leading Private Power Company in Africa

Operating Assets

Songas 190MW, gas-fired Open Cycle Gas Turbines

Azito 430MW gas-fired Combined Cycle Power Plant

Tsavo 75MW, HFO-fired diesels

Droogfontein and De Aar2 x 50MW solar projects

Jeffreys Bay 138MW windOperating Assets shortly to be acquired

Kribi 216MW gas- fired diesel engine plant

Dibamba 88MW HFO-fired diesel engine plant

1.2GW in construction and operation

Globeleq Africa The leading Private Power Company in Africa

Kribi and Dibamba

Dibamba: 86MW HFO fired engines

• Cameroon is a politically stable, sound investment environment

• Strong economic fundamentals for thermal power generation• Growing demand for electricity in Cameroon

• Economic and industrial growth

• Improving access to distribution network

• Cameroon currently has 60% hydro generation

• Kribi and Dibamba provide dry season generation and reserve

• Expansion Opportunities

Kribi: 216MW gas fired engines

Kribi and Dibamba

Dibamba: 86MW HFO fired enginesKribi: 216MW gas fired engines

• Strong opportunity to add 120MW to Kribi• Use existing gas line and transmission

• Subject to acceptable commercial and financing arrangements

• Potential expansion at Dibamba or conversion to gas

Globeleq Africa uses Global Best Practices

• Strong record of safe, reliable and cost effective operations in Africa

• Sharing Best Practices• Across Plants and Functions

• Shared training and performance improvement initiatives

• Apply our Best Practices to provide reliable power for Cameroon

AzitoSongas Tsavo

• Strong African Project Development Expertise• Expand the Kribi Plant

• Pursue other opportunities to supply more electricity for growth

2013 ACQ International Energy Business of the Year (Emerging Markets)

African Power Deal of the Year – Azito Gas Fired Power Plant Expansion – Côte d’Ivoire

Deal of the Year (Power) – Azito Gas Fired Power Plant Expansion Côte d’Ivoire

Award Winning Expertise