the diplomat · title: slide 1 author: g tselepis created date: 6/13/2013 12:38:00 pm

People, Planet, Profit…

Montana Group – Tg. Frumos PV

Group Structure

GEAF

100% 100%

Montana Lux Jasper Lux

Jasper Bulgaria Montana

Energy Rom

SPV1 SPV2 SPV… SPV1 SPV2 SPV…

Management Agreement

Jasper personnel is used to carry out Design, Engineering & Implementation for Montana Rom

100% 100% 100%

JASPER HELLAS

Group Profile

Project Identification & Conceptualization

Development Construction Operation

• Operations include Greece, Romania, Bulgaria in Wind and Solar Energy, Construction and Energy Services

• Bought out various international operations that gave up on Greece (e.g. Energiekontor, Tomen/Eurus e.t.c.)

• GoodEnergies, a leading global investor in renewable energy and energy efficiency industries invested in Jasper since 2006

• GoodEnergies Assets Fund (AuM €201.5 mn) is managed by GoodEnergies Capital/ Bregal Capital (Part of Cofra Group, owner

of C&A clothing shops)

• The Group operates Jasper Wind, Jasper PV, Forest Energy (energy analysis & measurement Co), Montana PV Constructions,

Montana Romania and Jasper Bulgaria

• 48 MW of Parks in Operation (Greece), 23 MW of Wind Parks and 25 MW of Solar PV Parks

• Wind: 149 MW Construction pipeline, 1,085 MW with producer permit. Total pipeline 1,722 MW (Greece), 36 MW Bulgaria

• 30.5 MW Pipeline in Romania of which 1 MW in operation and 29.5 MW in construction phase

• Over 120 MW of Solar projects under development, 25 MW in operation & owned, 12.2 MW in construction & owned

• Group business covers all stages of renewable energy projects

Group Key numbers

JASPER Hellas

• 3 operating wind parks in Greece, 23 MW • 3 parks, 36.5 MW in construction phase • 5 parks, 113 MW fully developed / fully permitted • 320 MW mature. One project is Malesina 100 MW • 1,722 MW total onshore wind pipeline • PV 92.1MW advanced pipeline, 25 MW operating, 10 MW in construction

Montana (Jasper) Bulgaria

• 12 MW PV in advanced development • 24 MW PV pipeline • 38 MW Wind in development

Montana Romania

• 30.5 MW PV fully developed, ready to built • 50 MW in development • 7 wind projects pipeline (>320 MW) • 18 MW wind advanced development

Greece

Bulgaria

Romania

Group in Romania (Montana Energy Group)

Corporate presence since 2008

PV 30.2 MW PV fully developed spread across Romania on Montana owned land (6 projects)

1 MW in construction (Tg. Frumos)

PV projects have secured transmission line access

Local offices & employees in Bucharest

Size (MW) Location Municipality

6.3 GIURGIU Stanesti

5.7 TELEORMAN Peretu

5.5 BRAILA Maxineni

6 GALATI Branistea

6 BRAILA Sdanguta

1 IASI TG Frumos

50 Other Projects

80.5 Total

Montana Energy Group – Solar Projects

Num Size

(MW) Location Municipality

Urbanism

Certificate Environmental

Terms Grid Connection

Terms Building

Permit PPA

Contract

1 6.3 Stanesti √ √ √ √ √

2 5.7 TELEORMAN Peretu √ √ √ √

3 5.5 Maxineni √ √ √ √ √

4 6.0 Branistea √ √ √ √ √

5 6.0 Stancuta √ √ √ √

6 1.0 IASI Tg. Frumos √ √ √ √ √

TOTAL 30.5

6

Montana Endless Energy – Tg. Frumos PV Plant

Financial

* The price is calculated as an average of the prices during project’s life, based on the sum of

Energy Price floor level and the price of the Green Certificates (GC) granted to the producers.

Producers are now granted with 6 GC, which may change to 4 GC during 2013

Year 1

Sources

Annual Output (kw) 1.200.000

FIT (euros per kw) 0,290

Total Income 348.000

Expenses

Operation & Maintenance 0

Insurance 6.000

Land Lease 4.907

Security 12.000

Other 17.000

Total Expenses 39.907

Gross Profit* 308.093 * Before Financial Expenses

Size 1.0 MW

Region Iasi

Municipality TG Frumos

Land size 20.000

Land Utilization Agricultural Land

Price* 290 euros/ MW

Estimated production (1st year) 1.200.000

•1 MW installed since 2012 at Iasi Location, TG Frumos Municipality

Tg. Frumos PV Plant - Development

Project Identification & Conceptualization Oct 2011 – Mar 2012

Development Apr 2012-Nov

2012

Construction Nov 2012-Mar2013

Operation Mar 2013

•Project initiated by Tg. Frumos Municipality •We sign a “Contract Concesiune” for 40 years •All permits and authorizations from the beginning •Procedure run rather smooth •Just before construction EON ask for a revise in connection contract. A new special transformer requested that was available only in Germany. 3 weeks delivery time.

Tg. Frumos PV Plant – Permits & Authorizations



2012


Operation Mar 2013

PUZ urbanism certificate no.37/24.04.2012 (for land removal from agricultural circuit) Permits : •Apavital placement permit(water system) no.25906/20.08.2012 •Apavital placement permit (sewerage system) no.25906/20.08.2012 •Placement permit E-ON (electricity) no.5926/27.08.2012 •Natural gas placement permit no.532/28.08.2012 •Waste disposal SC TERMOSERV SLUB SA permit •Phone company placement permit no.634/20.08.2012 •Fire protection permit no.978.626/13.08.2012 •Civil Protection permit no.978.627/13.08.2012 •Health Ministry permit no. 7303/28.08.2012 •Environmental agency permit no.39/10.09.2012 •Urbanism permit no.2/05.09.2012 •PUZ people consulting report no. 26564/07.09.2012 •OCPI plan, cadastral no.61115 •




2012


Operation Mar 2013

Urbanism certificate for project building permit no.120/07.08.2012 Permits: • Apavital placement permit(water system) no.30080/25.09.2012 •Apavital placement permit (sewerage system) no.30080/25.09.2012 •Placement permit E-ON (electricity) no.1000282954/13.09.2012 •Phone company placement permit no.801/19.10.2012 •Fire protection permit no.978.694/09.10.2012 •Health Ministry permit no. 8424/16.10.2012 •PUZ decision from land removal no. 20, PUZ permit no.81/2012 •Environmental agency permit no.379/18.12.2012 •OCPI plan, cadastral no.61115 •Ministry of defense permit no.D323/08.02.2013 •Culture and Monuments Agency permit no.262/14.03.2013 Building permit no.87/20.12.2012




2012


Operation Mar 2013

Connection to national grid •ATR – no. 1000286/19.09.2012 •PV park connection to national grid urbanism certificate for Montana no.13/19.02.2013 •PV park connection to national grid urbanism certificate for E-ON no.98/07.08.2012 Permits: •Environmental agency permit no.4734/17.10.2012 •National road agency permit no. 572/15.11.2012 •Notary Statement no.3240/27.11.2012 •Tg Frumos Town Hall declaration no. 29731/21.11.2012 •ATR – no. 1000286/19.09.2012 •Placement permit E-ON (electricity) no.1000282954/13.09.2012 •Ministry of defense permit no.D739/11.03.2013 •Tg Frumos Town Hall decision no. 36 Building permit for Montana connection no.86/20.12.2012 Building permit for E-ON connection no.6/19.12.2012 Operating: •Environmental agency operating permit no.68/05.04.2012

Tg. Frumos PV Plant - Construction



2012


Operation Mar 2013

•General EPC contract with Egnatia Rom Srl •3 months, including Christmas Holidays •Small delays due to winter. •Grid connection with small delays and fire-fighting •ET Solar Panels •Power One Central Inverters •Exalco double pile Metal Structures •SEPAM Transformer

PV Plant Construction – Preparation Works

PV Plant Construction – Cabling & Growding

PV Plant Construction – Pilling & Fencing

PV Plant Construction – Metallic Structure

PV Plant Construction – Panels Mounting

PV Plant Construction – Inverters & Transformer

Tg. Frumos PV Plant - Operation



2012


Operation Mar 2013

•Environmental Operation License in 3 weeks without problems ort delays •Operational License in 40 days. Small delays also due to Easter Holidays •Certification one week after operational license •O&M Contract with Egnatia Rom Srl •PPA & GCPA with Renovatio Trading •Grid dispatching and maintenance with Elsys Design (critical issue not taken into consideration from the beginning) •1 technician permanent staff for every day works •24/7 Security •InAccess software for monitoring

Tg. Frumos PV Plant - Operation

Project Identification & Conceptualization Oct 2011 –Mar 2012

the diplomat · title: slide 1 author: g tselepis created date: 6/13/2013 12:38:00 pm

Documents