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Renewable Energy

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Notes:

About Mannvit

> Mannvit is an international consultancy firm providing services in the fields of engineering, consulting, management, operations and EPCm project management.

> Mannvit and affiliated companies have opera-tions in Hungary, Germany, Britain, the United States, Chile, Norway, and Iceland.

> Mannvit emphasises careful stewardship of the environment in all of its operations.

> Mannvit is Iceland’s largest consultancy firm in the fields of engineering and technology.

> Mannvit employs over 400 people educated in a broad spectrum of engineering, science and technical disciplines.

> Mannvit is employee-owned and currently has over 100 shareholders.

> Mannvit’s operations are certified under inter national quality, environmental and safety manage ment standards: ISO 9001:2008, ISO 14001:2004 and OHSAS 18001:2007.

FS 551557 EMS 567779 OHSS 567778

TRUSTTrust cannot be bought but is earned through deeds.

KNOWLEDGEKnowledge is the foundation of our services, which are based on employees’ education and ingenuity.

OPEN-MINDEDNESSOpen-mindedness fosters creativity and innovation.

WELL-BEINGWell-being increases job satisfaction, which benefits customers.

Mannvit’s values

www.mannvit.com

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Mannvit is a leader in hydroelectric power and geothermal energy for heat and power generation, with five decades of experience in all phases of the development. We also offer a broad range of services in other types of renewable energy such as biogas- and biofuel plants, waste management and methane production from waste.

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Currently, renewable energy sources provide 100% of the country’s electricity needs and almost 90% of its heating needs via geothermal district heating. Iceland derives this energy from two main renewable sources, geothermal and hydroelectric. Mannvit has played a lead role in almost all of this development since the early 1970s.

Mannvit offers a broad range of services in renewable and alternative energy consulting and engineering and other climate change mitigating services from the design and construction of environmentally-friendly; geothermal, hydroelectric, biogas and biofuel plants to energy transmission and more. The

company offers a multidisciplinary approach and decades of experience to ensure the success of every project we run with our customers.

Areas of expertise: > Geothermal Power Plants > Geothermal District Heating > Geothermal Drilling > Hydroelectric Power Plants > Biogas and Biofuel > Landfill gas > Carbon Recycling/Methanol from CO2 > CO2 Sequestration > Waste Management > Composting > CO2 Reduction > Power Transmission > Green Data Centers

Services > Engineering > Development > Research > Planning & Strategy > Feasibility studies > Environment & Safety > IT Services > Project Management > Construction Management > EPCM > Due Diligence > Procurement

Mannvit’s values and experience are closely tied to Iceland as a nation, which is a country in the forefront of renewable technologies and is ready to export this know-how to the global community.

Renewable Energy & Climate

Mannvit has been involved in the development of most power plants in Iceland, both

hydroelectric and geothermal.

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We reduce ourclient’s project riskMannvit aims at providing tailor made solution for its clients. We understand the importance of mitigating strategic, operational, hazard and socio-environmental risks before committing to a project. Our technical due diligence services and full technical risk review teams can provide risk analysis for project assessment.

Our services include but are not limited to:

> Project Development Studies, ranging from Fatal-Flaw analysis through budget appropriation studies to Front End Engineering and Design (FEED). > Risk identification, assessment, and prioritization of risks. Our services also provide path-forward to proactive evaluation,

reporting and monitoring risks; thus, minimize, and control the probability and/or impact of unfortunate events. > Cost Estimates, with clear Basis of Estimated reports, statistical analysis of schedule risk and cost risk and providing guidelines as to appropriate level of contingency (P50, P75, P90). > Bottom-up project scheduling and milestones. > Technical due diligence of third party capital spending projects, at various stages in the project life cycle. > Collection and or review of EU, harmonized technical requirements, collection and or review of certificates, permits and licensing requirements

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Hydroelectric Power Plants

Mannvit is a leading engineering firm in hydroelectric energy and has designed complete hydropower plants and power transmission systems in Iceland and internationally. Mannvit has completed a number of small and large hydro plants up to 700MW.

Mannvit has been involved in all major hydropower projects in Iceland since the seventis. Mannvit also has experience in small hydro developmet in Iceland, Norway, Greenland and Chile.

Expertise and services in hydroelectric power includes:

> Hydrology > Hydropower Engineering > Civil, Structural and Mechanical Design > Feasibility Studies > Site Investigations > Cost Estimates > Contract Documents > Tender Evaluation > Environmental Impact Assessments and Reports > Project Management > Project Planning > Supervision and monitoring > On-site Inspections

Mannvit has been involved in all major hydropower projects in Iceland since the 1970´s

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Geothermal Power PlantsGeothermal power plants utilize heat energy from the Earth to produce electricity and sometimes for combined heat and power (CHP). They are cost effective, reliable and environmentally friendly. And, though previously restricted to certain geographic locations, technological advances in drilling and plant design allow for the development of what were once thought to be non-viable resources. As a result, more and more public and private entities are looking into geothermal power as part of their strategy to mitigate global warming.

The specific geothermal power plant configurations must match the heat resource to maximize its potential but also must take into

account a variety of other criteria including local conditions and requirements as well as the needs of a community. The geothermal engineers, geoscientists and other company specialists at Mannvit have successfully tackled numerous complex challenges involving geothermal heat utilization all over the world.

Mannvit services: > Geothermal exploration > Process design > Cogeneration of electricity & hot water > Feasibility studies & cost estimations > Environmental Impact Assessments and Reports > Conceptual design

> Drilling supervision > Site layout & planning > Overall plant design > Equipment specifications > Power transmission & distribution > Bid preparation & tender evaluation > Site supervision & project management > Commissioning > Acceptance test > Training of operators > Monitoring at well head > Environmental monitoring

Five decades of geothermal energy

consulting has taught us that no two projects

are the same

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Mannvit’s specialists add value to our customers’ projects. We understand that it is of utmost importance to be proactive and anticipate changes before they become costly burdens. Increasing volume of EU environmental legislation is adding to the complexity of projects for our clients. We believe that our time tested programs in environmental monitoring, permit applications and environmental impact assessments are of great value to any project.

Mannvit offers comprehensive, cross-disciplinary environmental services in the fields of environmental management, biology, geology, geography, chemistry, planning, engineering, GIS and cartography. Environmental specialists at Mannvit have years of experience in performing environmental impact

assessments and risk mitigation of project activities relating to power intensive industries, geothermal and hydropower power stations, overhead transmission lines, quarrying, infrastructure, waste management, water works and growth management planning.

Our services include but are not limited to:

> Environmental Impact Assessment (EIA) > Strategic Environmental Assessment (SEA)

> Environmental management > HSE management > Environmental investigations and monitoring > Environmental modelling > Risk assessment and risk management > GIS and cartography > Operational Licenses > Training

Environmental services

If you need consultation, supervision or training we can help.

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In safe handsMannvit’s specialists add value to our customers’ projects because understanding our customers’ needs is key. With our specialist at your side we help your team identify and provide the consulting that is focused on the critical elements of EIAs and SEA, securing the appropriate licensing and permits for projects. We assist our customers in identifying the environmental policies in the EU that are relevant to their project development. The ultimate goal is to get projects from green field to operation, and Mannvit can help you get there.

How?We apply risk management strategies for project development, identifying insurance and other risk management tools for an improved risk profile. Based on the experience of our project management professionals who have in-depth knowledge of the hydro- and geothermal market we are able to perform the technical due diligence, avoid industry pitfalls, boost investor confidence and help your project development team reach its’ goals.

www.mannvit.com

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+354 422 3000

[email protected]

www.mannvit.com

Mannvit hf.

Grensásvegi 1

108 Reykjavík / Iceland

Additional information