new power plants - capital market

NEW POWER PLANTSNEW POWER PLANTS

October 2011

COMPANY PROFILE

• Power generation, distribution & supply

• Established in 1946

• Capital 1,102 billion EUR (90 % state and 10 % private shar e)• Capital 1,102 billion EUR (90 % state and 10 % private shar e)

• Operates with 2 TPPs (1,165 MW) & 3 HPPs (517 MW)

• 5007 employees

Basic financial information (for 2010)

• Generation 7181 GWh

• Total income 452,5 million €

SINGLE COMPANY

JP EP BiH d.d. (90% state / 10% private)

Distribution and Supply

HQHQ

TPPTPP TUZLATUZLAED SARAJEVOED SARAJEVO

Generation

Trading

TPPTPP TUZLATUZLA

ED ED ZENICAZENICATPPTPP KAKANJKAKANJ

HHPP onPP on NeretvNeretvaa

ED ED TUZLATUZLA

ED ED BIHAĆBIHAĆ

ED ED MOSTARMOSTAR

CONCERN

Concern EP BiH d.d.

EP BiHEP BiH

TPPTPP TUZLATUZLA ED SED Sarajevoarajevo

EP GenerationEP Generation EP DistributionEP Distribution EP SupplyEP Supply EP Coal mines(7)EP Coal mines(7)

Other activitiesOther activitiesTPPTPP TUZLATUZLA

ED ED ZenicaZenica

TPPTPP KAKANJKAKANJ

HHPP onPP on NeretvNeretvaa

ED SED Sarajevoarajevo

ED ED TuzlaTuzla

ED ED BihaćBihać

ED ED MostarMostar

Iskraemeco SarajevoIskraemeco Sarajevo

Eti SarajevoEti Sarajevo

Eldis tehnika Eldis tehnika

ELBiH HotelELBiH Hotel

Other activitiesOther activities

TPP Tuzla

715 MW

3,182 GWh

TPP Kakanj

450 MW

Gen. capacity

Tariff Sales 2010

Total Tariff Sales: 4,194 GWh 60%

Distribution: 3,823 GWh 55%

110 kV: 371 GWh 5%

Market Sales 2010

Annual: 1,629 GWh 1,831 GWh

HYDRO

517 MW

2,168 GWh

Total

1,682 MW

7,181 GWh

Total Sales: 7,042

GWh

695,828 customers

Annual: 1,629 GWh 23%

Short-term: 1,219 GWh 17%

Total trading: 2,848 GWh 40%

GWh

� 1990 6,680

� 1996 2,298

� 2001 5,115

� 2002 5,540

�� 20032003 5,3625,3625000

6000

7000

8000 GWh

Trend Trend -- GenerationGeneration

�� 20032003 5,3625,362

� 2004 6,112

� 2005 5,767

� 2006 6,363

� 2007 6,544

� 2008 7,295

�� 20092009 6,927 6,927

�� 20102010 7,182 +3.7%7,182 +3.7%0

1000

2000

3000

4000

90 92 94 96 98 '00 '02 '04 '06 '08 '10

NEW CAPITAL INVESTMENT IN EPBiH

• Replacement of the existing old units in TPPs with more

efficient units

• Meet the requirements of EU and increase of genera tion• Meet the requirements of EU and increase of genera tion

from renewable energy sources

• Sources/models of financing:

- Equity (own funds)

- Loans

- Bonds

- Joint venture

- Partnership

• TPP Tuzla, Unit 7• TPP Kakanj, Unit 8• TPP Bugojno, Unit 1

• HPP Vranduk• HPP Ustikolina• HPP Kruševo & HPP Zeleni Vir

NEW CAPITAL INVESTMENT IN EPBiH

• TPP Bugojno, Unit 1• CCGT Kakanj

• HPP Kruševo & HPP Zeleni Vir• HPP Čaplje• HPP Janji ći• HPP Kovani ći• SHPP on Neretvica river• WF Podveležje 1• WF Vlaši ć

THERMAL POWER PLANTS

High energy efficiency

Best available techniques

Co-generation

TPP TUZLA, UNIT 7TPP TUZLA, UNIT 7 450 MW 450 MW / / 2.7562.756 GWhGWh

Replacing cogeneration unit at the existing locatio nReplacing cogeneration unit at the existing locatio n

Project Cost: 842 mill. € (incl. coal mine)

NPV: 173,7 mill. €IRR: 7,50 %Payback period: 17 years

Financing:Joint venture

SStart of construction: …2013In operation: …2018

Status of documentation: Preliminary design completed (incl. Investmentprogram & Environmental impact assessment)

Status of approvals and permits: Environmental permit and Certificate for connection of Unit 7 to the electrical gridobtainedLand permit granted and preliminaryconstruction permit in progress construction permit in progress

Ongoing and plannedactivities : Preparation of tender d ocuments for Unit 7–

“turn key” basisPreparatory works at the locationImplementation of “Program of friendly environment”with Municipality TuzlaDefining of organisation model for construction

TPP KAKANJ, UNIT 8TPP KAKANJ, UNIT 8 300 MW 300 MW / / 1.7551.755 GWhGWh

Replacing cogeneration unit at the existing locatio n

Project Cost: 626 mill. €


SStart of construction: …2014In operation: …2019

Status of documentation: Preliminary design completed (incl. Investmentprogram & Environmental impact assessment)

Status of approvals and permits: Environmental permit and Certificate for connection of Unit 8 to the electrical gridobtainedLand permit granted and preliminaryconstruction permit in progress construction permit in progress

Ongoing and plannedactivities : Preparation of tender d ocuments for Unit 8–

“turn key” basisImplementation of “Program of friendly environment”with Municipality KakanjDefining of organisation model for construction

TPP AND COAL MINE BUGOJNO, TPP AND COAL MINE BUGOJNO, UNIT 1UNIT 1 300 MW 300 MW / / 1.7551.755 GWhGWh

The new cogeneration unit and coal mine The new cogeneration unit and coal mine



Start of construction: …2017In operation: …2022

Status of documentation: Prefeasibility study completed

Status of approvals and permits: Permit for geological investigation of coalmine obtainedConcession obtaining in progress

Ongoing and planned Contracting and performing of investigation worksOngoing and planned Contracting and performing of investigation worksactivities : Ecological investigati on

Defining of TPP concept – based on results of coalinvestigation

CCGT KAKANJ CCGT KAKANJ 100 MW 100 MW / / 700700 GWhGWh

The new cogeneration unit at the existing locationThe new cogeneration unit at the existing location




HYDROPOWER PLANTS

60 % of unused hydro potential

Increased efficiency

Minimal environmental impact

HHPP VRANDUKPP VRANDUK 19,5619,56 MW MW / 96,38 / 96,38 GWhGWh

Run-of-river, diversion plantRun-of-river, diversion plant

Project Cost: 64,4 mill. €

NPV: 4,29 mill. €IRR: 7,93 %Payback period: 15 years

Financing:Equity and loan

SStart of construction: …2012IIn operation: n operation: …201…20166

Status of documentation: Preliminary design and Environmental impact assessment completed and revised

Status of approvals and permits: Preliminary water approval obtainedEnvironmental permit obtainedConcession obtainedObtaining of land permit in progress

Ongoing and planned Preparation of tenders for design and supply of activities: equipment

HHPP USTIKOLINAPP USTIKOLINA 60 MW 60 MW // 247247 GWhGWh

Run-of-river, plant inside dam




Status of documentation: Prefeasibility study completedPreliminary environmental impact assessment completed

Status of approvals and permits: Preliminary water approval obtained

Ongoing and planned Drafting of Preliminary design and Environmentalactivities: impact assessment in progress

HPP Kruševo: Accumulation, diversion

HHPP KRUŠEVO & HPP ZELENI VIRPP KRUŠEVO & HPP ZELENI VIR9,75+2,13 MW 9,75+2,13 MW // 21,72+8,4021,72+8,40 GWhGWh

HPP Kruševo: Accumulation, diversionHPP Zeleni Vir: Run -of-river, plant inside dam



Project Cost: 38,8 mill. € (total)

Status of documentation: Elaborate on hydroenergetic utilisation of Bioštica river completed

Status of approvals and permits: Decision of Government of Federation of BiHon proclamation of public interest for construction of HPP Kruševo & HPP Zeleni Vir

Ongoing and planned Drafting of Study on hydroenergeticactivities: utilisation of Bioštica river with Feasibility stud y of

proposed design solution in progress

HHPP ČAPLJEPP ČAPLJE 12,0 MW 12,0 MW // 56,856,8 GWhGWh





Status of documentation: Preliminary design – I phase completed

Status of approvals and permits: Decision of Government of Federation of BiHon proclamation of public interest for construction of HPP Čaplje

Ongoing and planned Preparation of tender for Preliminary design – II ph ase activities:

HHPP JANJIĆIPP JANJIĆI 13,3 MW 13,3 MW // 59,759,7 GWhGWh





Status of documentation: Study on hydro potential of Bosna river

Status of approvals and permits: Applied for concession

Ongoing and planned Drafting of feasibility study in progress* activities:activities:

HHPP KOVANIĆIPP KOVANIĆI 10,1 MW 10,1 MW // 57,457,4 GWhGWh





SMALL HYDROPOWER PLANTS PLANTS

SHPPs ON NERETVICA RIVER SHPPs ON NERETVICA RIVER 26,4 MW 26,4 MW / / 103103 GWhGWh

15 plants to be constructed in 3 phases15 plants to be constructed in 3 phases


Start of construction: …2012In operation (I phase): …2013

Project Cost: 49,6 mill. €NPV: 22,63 mill. €IRR: 11,3 %Payback period: 13,4 years

Status of documentation: Preliminary design completed

Status of approvals and permits: Environmental permit for I and II phase obtainedPreliminary water approval for all phasesobtained

Ongoing and planned Drafting of main design in progressactivities: Preparation of tender for supply of equipment and

construction of I phase plants in progress

WIND FARMSWIND FARMS

WF PODVELEŽJE 1 WF PODVELEŽJE 1 46 MW46 MW / / 92,53 92,53 GWhGWh

Wind farm

Područje vjetroelektrane

Wind farm


SStart of construction: tart of construction: …201…20122IIn operation: n operation: …201…20144

Project Cost: 63,9 mill. €NPV: 21,81 mill. €IRR: 12,4%Payback period: 10,6 years

Status of documentation: Feasibility study, preliminary design and main design for construction works completed

Status of approvals and permits: Environmental permit obtainedConcession for utilisation of land obtainedUrban permit obtainedUrban permit obtained

Ongoing and planned Tender for manufacturing, supply, transport andactivities: erection of the equipment prepared

WF VLAŠIĆ WF VLAŠIĆ 48 MW 48 MW / / 98 98 GWhGWh

Wind farm Project Cost: 63,9 mill. €


SStart of construction: tart of construction: …201…20144IIn operation: n operation: …201…20166

Status of documentation: Prefeasibility study completed

Status of approvals and permits: Concession for utilisation of land obtained

Ongoing and planned Preparation of wind measure stations assembling activities: in progress

Contact:

Amil KamenicaExecutive director for capital investment

Address: Vilsonovo Šetalište 15, 71 000 Sarajevo, Bosnia and HerzegovinaTelephone: +387 33 75 17 49Telefax: +387 33 75 17 48E-mail: [email protected] www.elektroprivreda.ba

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