Present situation, investment climate and perspective development of Uzbekistans power system STATE JOINT STOCK COMPANY UZBEKENERGOuzenergy.uzpak.uzsjsc@uzpak.uzMr. Shukhrat Khamidov Head of Department

Structure of Executive Body of the State Joint Stock Company Uzbekenergo

Slide 1Coal production OJSC"Uzbekugol" with affiliates The Board of CompanyCouncil of the Company Power generation companies: TPP, HPP, HPP cascades Power sale company (affiliate)Repair and adjustment companies Design institutesConstruction-and-Mounting companyLogistical support companiesPower distribution and selling companiesBranch general functions UE Uzenergosozlashcompany OthersPower transportationUE "Uzelektroset" with functional and zone affiliates

Slide 2Structure of installed capacities of the power plants of Uzbekistan

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Main power generation plants of SJSC "Uzbekenergo"Slide 3

Slide 4Structure of fuel consumption by power plants of the Company in 2004

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Slide 5Structure of electrical network

0,4-500 kV electrical network total length, km234794including:500 kV transmission lines220 kV transmission lines110 kV transmission lines35 kV transmission lines6-10 kV transmission lines0,4 kV transmission lines16616134150601311693905104918

Structure of power consumption by branches of economy and population in 2004 Slide 6

Sheet:

-Public and domestic utilities

-Population

-Industry

-Agriculture

-Construction

-Transport

Electric power tariffs for domestic consumption Slide 7

Measures for generation capacity commissioning for the period of years 2001-2010 Slide 8

220-500 kV electric network developmentfor the period till 2010Slide 9

Slide 10

Financial results of the Company for 2004Slide 11

Joint Stock Companies (OJSC) which share are subject for sale* - There is a process of definition of starting cost of a sold package of the shares.

** - Market value of holding of shares is thous. US$

Installation of modern electric power meters in networks Slide 13

Stage 12005-2006Stage 22007Stage 22008TotalCost, th.uzbek sum Single phase meters1 255 0001 540 0001 332 2274 127 227123 816 810Three-phase meters104 500131 100102 603338 39337 223 230

Sheet:

2005- 2006

Single phase meters

Three-phase meters

reliable power supply of population and industry with qualitative electrical power;technical re-equipment and modernization of branch facilities, efficiency and functional improvement;reduction of negative energy production impact on the environment; further development of economical reforms creation and development electrical power market;integration process improvement in the unified power grid of the Central Asia.Slide 14Strategic aims of development of electric Power Industry till 2010 are the following:

The company conducts the reconstruction works on Syrdarya TPP, having 10 energy units with single design capacity 300 MW The first phase of reconstruction of two power unit 7 and 8 by means of EBRD loan financing for the amount of USD 27,8mln was carried out at Syrdarya TPPSecond phase next power units reconstruction. Project cost will be defined after FS preparation Syrdarya TPP modernizationSlide 15

The agreement between JBIC and Government of Republic of Uzbekistan was signed in 2002 where the Government of Japan provides the promotional loan at the amount of JY24 955 mln. for implementation of this projectThe project provides construction of 370 MW Combined Cycle Power Plant at Tashkent TPP with commissioning in 2008 The International Consulting Company on support of this project was selected by means of Bidding Now the preparation to Bidding process for selection of EPC Contractor is carrying out

Modernization of the Tashkent TPP Slide 16

The installed capacity of Navoi TPP is 1250 MW. The Plant has 2 units of 210 MW, 4 units of 160MW, 6 boilers and 5 turbines, producing electric and thermal power The project provides construction of 346 MW modern Combined Cycle Power Plant. The Project Feasibility Study has developed and passed the examination in the authorized bodies. The total project cost according to Feasibility Study is US$ 232 mlnModernization of Navoi TPP Slide 17

The installed capacity of Mubarek CHP 60 MW, plant has 3 boilers with steam productive capacity till 500 tn/h and 2 turbines, producing electrical - and thermal energy The Feasibility Study (FS) of the project was developed and passed the examination in the authorized bodies. The total project cost in compliance with Feasibility Study is USD103,2 mln The investment project purpose is the reconstruction and expansion of operating capacities of Mubarek CHP with commissioning of 2 unit (gas turbine mounting) of total capacity 106,3 MW of electrical energy and 400 ton /h of steam Mubarek CHP reconstructionSlide 18

Construction of 500 kV High Voltage transmission line from Syrdarya TPP to Sogdiana substationProject goal is effective power supply of Samarkand Bukhara region, reduction electric power losses in transmission linesIslamic Development Bank allocated 25 mln. US dollars for this project with total cost 44 mln. US dollars. Now we are in a bidding process for project consulting companySlide 19

500 kV High Voltage transmission line construction from SS Sogdiana to Talimardjan TPPProject realization is planned for the period 2006-2007. Project total cost 70 mln. USD, including IDB loan - 25 mln. USDProject goal is reliable power supply of Samarkand Bukhara region, reduction electric power losses in transmission linesSlide 20

Coal deposits of Republic of UzbekistanSlide 21

The forecast of structure of fuel consumption for electric power production at Power Plants of Uzbekistan (%)Slide 22

Sheet:

Gas

Oil

Coal

Gas (under ground gas installation)

Work of rotor complex at open-pit mine "Angrenskiy"Slide 23

Slide 24