ZORLU ENERJI PAKISTAN

56.4 MW

WIND POWER PLANT September 2013

ZORLU ENERGY

GROUP

ZORLU INDUSTRIAL PAKISTAN

Engineering,Design, Construction

Services for Power Plants

ZORLU ENERJI PAKISTAN

•56.4 MW WPP under

construction

•Up to 300 MW Expansion

ZORLU O&M PAKISTAN

Operation and Maintenance

Services for Power Plants

ZORLU ENERGY IN PAKISTAN

WF ZORLU

ZORLU PAKISTAN WPP PROJECT LOCATION

HISTORY OF ZORLU ENERGY WIND POWER PROJECT

2007

• First Wind Mast of 85 m height in Pakistan

• Approvals from Authorities and arrangements for Phase I (6 MW) and Phase II (43.5 MW)

2008 • Construction works starts (Phase I – 6 MW) 5 Vensys 1.2 MW

2009

• Despite the economical crisis, Zorlu Energy completed Phase-I with %100 Equity.

• 6 MW Phase I starts to generate electricity.

2010 • New financing opportunities are arisen.

2011

• Vestas V90 1.8 MW for Phase II and the total capacity increased to 56.4 MW. All approval are renewed. Financial arrangements are done.

2012

• Energy Purchase Agreement and Implementation Agreement signed with Goverrnment of Pakistan. EPC and O&M agreements are signed. The construction is started. Financial Close is done.

2013 • 25th July 2013, COD Achieved (3 months before Required COD)

HISTORY – PHASE I CONSTRUCTION

2007

2009

2008

HISTORY – PHASE I INAGURATION (19th April 2009)

HISTORY – PHASE II CONSTRUCTION

2013

HISTORY 2008 - 2013

2008 2013

PROJECT MILESTONES

2013

Civil Works Jan ‘12 Dec `12 Turbines Deliveries Apr’12 July`12

Mechanical Works Jul’ 12 Nov`12

Electrical Works Sep’ 12 Dec`12 Pre-commissionning Jan’ 13 May`13

Energisation of the Complex May`13 Hot-commissionning and Run Tests May 2013 July 2013

COD 25.07.2013 25.07.2013

PAKISTAN WIND POWER PROJECT DETAILS

Project: Pioneer in Wind Sector (Zorlu Enerji)

Location: Jhimphir, District Thatta

Installed Capacity: 56.4 MW

Expected Generation: 159.010 GWh

Number of Turbines: 5*Vensys 62 1.2 MW (Phase I)

28*VestasV90 1.8 MW (Phase II)

Project Area: 1,148 acres

Project Cost*: 143.7 M $

Debt/Equity: 70:30

Loan Amount: 100.2 M $

Foreign Lenders : IFC / ADB / ETDB

Local Lender : HBL

COD Achieved: July’13

Required COD Date: November 2013

DEVELOPMENT STAGE

ALTERNATIVE ENERGY DEVELOPMENT BOARD (AEDB)

Letter of Intent (LOI) 01 Month

Allocation of Land 3 Months

Feasibility Study

Wind Assessment

Soil Investigation

Environmental Study

Selection of Technology

6 Months

National Electric Power Regulatory Authority (NEPRA)

1. Tariff Determination 03 Months

CENTRAL POWER PURCHASING AGENCY (CPPA)

EPA Negotiations 6 Months

IA Agreement 01 Month

Financial Closure 01 Month

Issues

• Lengthy Procedure

• Lack of Wind

Knowledge

• Communication

Execution

1. Local Issues

2. Security Issues

3. Transport & Logistics Problems

4. Land Issues

Protest at ZEPL Site

2008 2013

BLADE DAMAGE

ILLEGAL SETTLEMENTS

OPERATION PHASE

• EPA COMPLIANCE:

• BILLING

FUTURE DEVELOPMENTS

• LAND ACQUISATION

• SLOW TRANSMISSION

INFRASTRUCTURE

• BAD ROAD INFRASTRUCTURE

• SECURITY ISSUES