Active Solar Power Plant (SPP) 2/2,158 MW with “Green” tariff rate activated

1. Project Description:

Currently in operation SPP with 2 / 2,158 MW capacity for sale; the Project was launched in April 2020, now in active efficient use with activated "Green" 2019 tariff.

2. Location:

Lviv oblast (region), Zhydachivskyi rayon (district), urban-type settlement Hnezdychiv.

3. Area profile:

Land area under the project is 4 hectares. Subject to pp. 14.01: "Energy lands for the placement, construction, operation and maintenance of buildings and structures of facilities of power generating enterprises, institutions and organizations (power plants using wind, solar and other sources)"

4. Capacity:

2(АС)/2,158(DC) MW

5. Average Power Generation:

2 500 000 kwh

6. Available Official Documentation & Works Fulfilled:

- Declaration of readiness for operation of the facility dated December 3, 2019, No. 141193370616;

- License for electricity generation;

- Active "Green" tariff for a period of 10 years;

- Implemented external network connection.

8. Profit (excluding VAT):

€ 375,000 per year;

€ 3,750,000 over 10 years.

9. Earnings from “Green” tariff 2020:

€ 100,000 per year.

10. Payback period:

6 years.

11. Equipment:

- Photovoltaic cells (polycrystalline) DAH Solar (Half Cell) HCP72-330 – 3232 pcs;

- Seraphim Solar (Half Sell) SRP-330-BPA – 3310 pcs;

- Inverters Huawei SUN2000-60KTL-M0 – 30 pcs;

- Inverters Huawei SUN2000-17KTL – 1 pcs.

12. Facility Cost:

$2, 510, 000.

Mykolayiv CHP

INDUSTRY: Energy

SHARE FOR PRIVATIZATION: 100%

GENERAL OVERVIEW

«Mykolayiv» CHP is a 99.9% state-owned company that produces electricity and heat located in the Mykolaiv region. Total installed capacity of heat production accounts for 410 Gcal/h; of electricity production - 40 MW.

The company supplies electricity to more than 39,000 consumers. Sales of thermal energy to consumers (Gcal): households - 81.25%, non-industrial objects - 13.73%, other consumers - 5.32%.

OPERATING OVERVIEW

The company mainly works on natural gas, which is supplied by Naftogas Ukraine. In the 2019, production volumes of heating power was 244 thsd Gcal, and of electricity – 62m kWh.

Tariffs for thermal energy:

- For budgetary institutions - 1526.87 UAH / Gcal with VAT;

- For households (central heating) - UAH 1,524.04 / Gcal with VAT;

- For households (housing cooperatives) - UAH 1,502.60 / Gcal with VAT;

- For religious organizations - UAH 1,526.35 / Gcal with VAT;

- For other consumers - UAH 1,526.60 / Gcal with VAT.

By the end of 2019, the company’s debt to SE “Energorynok” amounts to UAH 34m.

Odesa CHP

INDUSTRY: Energy

SHARE FOR PRIVATIZATION: 99.99%

GENERAL OVERVIEW

Odessa CHP is 99.9% state owned company that produces heat and electricity for the needs of Odessa with total installed capacity for electricity generation of 68 MW, capacity of thermal power supply of 505 Gcal/h and capacity of the boiler room of 274 Gcal/h.

The company is licensed to produce heat and electricity for the needs of Odessa city, providing more than 300,000 residents with thermal energy. Key consumers is households, budget organizations and other consumers. Odesa CHP located in the northern part of the city, near the sea commercial port and has a railway connection, the area of the territory is 117 hectares.

Kherson CHP

INDUSTRY: Energy

SHARE FOR PRIVATIZATION: 99.9%

GENERAL OVERVIEW

Kherson CHP is a 99.9% state-owned company that generates electricity and supplies heat in the Kherson region (area: 28,500 sq.km.; households: 1m).

The company owns 8 central and 56 individual heat lines, 110 heating connection points, 4 booster and transfer pumping stations. Installed capacity for electricity generation accounts for 80 MW, for heating - 567 Gcal-h.

The largest consumer groups are households (40.4%) industrial (31.1%) and non-industrial objects (12.0%). The company provides services to 550 thsd households and 20.1 thsd commercial and industrial consumers.

Financial statements of the company were audited by “Auditorska dopomoga” in 2019. The company has a supervisory board that consists of seven people, including five representatives of the State Property fund and two representatives of VS Energy International Ukraine.

Dnipro CHP

INDUSTRY: Energy

SHARE FOR PRIVATIZATION: 99.9%

GENERAL OVERVIEW

Dnipro CHP is a 99.9% state-owned company that generates electricity and supplies steam, hot water and air conditioning in the Dnipro region (area: 32,000 sq.km.; households: 3.2m).

The company owns 18 boilers, 6 pressurereducing cooling stations, condensate pumps and line pumps. Installed capacity for electricity generation accounts for 61.6 MW, for heating - 500 Gcal-h, including pressure-reducing cooling stations with capacity of 187 Gcal-h. Its sales market comprises of two key purchasers: electricity market and heating network of Kamianske City Council “Teplomerezhi”.

The company has a supervisory board that consists of 5 people that represents the State Property Fund.

Kryvyi Rih CHP

INDUSTRY: Energy

SHARE FOR PRIVATIZATION: 100%

GENERAL OVERVIEW

Kryvyi Rih CHP is a 100% state-owned company that produces and supplies heat energy with a total production capacity of 1,406 Gcal/h in Dnipro region (area: 32,000 sq.km.; households: 3.2m).

The company owns and operates 6 district gas boilers, equipped with 31 steam and hot water boilers of ten types with 382,208 km of heating networks. Kryvyi Rih CHP facilities account for about 3% of total power generated in Ukraine.

Financial statements of the company were audited by BDO in 2018. The company has a supervisory board that consists of 5 people that represents the State Property Fund.

Mykolayivoblenergo

INDUSTRY Energy

SHARE FOR PRIVATIZATION 70%

GENERAL OVERVIEW

Mykolayivoblenergo is a 70% state-owned company that provides services of power transmission and distribution to consumers in the Mykolaiv region (area: 24,600 km.sq., households: 1.2m). The company is a natural regional monopolist in the power distribution sector.

The region itself has a powerful multi-sectoral industry, agro-industrial complex and developed infrastructure. The company owns a 24,709 km distribution network with voltage of 154-0.4 kW and 6,000 transformer substations. The company’s largest consumers are “Zorya-mashproekt”, “Ukrhimtransamiak”, “Ukrtransnafta”, “Snigurivka”, “Dikerhoff Cement Ukraine”, “Black Sea Shipyard”, “Bandurskiy oil extraction plant”.

In 2018, 70% of the company's shares were transferred to the State Property Fund. The remaining shares of 30% are owned by other shareholders. The company has a supervisory board that consists of 7 people, including five representatives of the State Property Fund and two representatives of “VS Energy International Ukraine”

Zaporizhiaoblenergo

INDUSTRY Energy

SHARE FOR PRIVATIZATION 60.3%

GENERAL OVERVIEW

Zaporizhiaoblenergo is a 60.3% state-owned company that distributes electricity in the Zaporizhia region (area: 27,200 sq.km.; households: 1.8m). The company is a natural monopolist in the region in the power distribution sector.

The region is one of the most favorable for the development of electricity production from alternative sources, in particular solar, wind and hydro generation. The company owns over 37,300 km of grid connections with voltage of 154-0.4 kW, including 21 districts of electric grids and department of maintenance and building repair and repairing units. The largest consumer groups are households, industrial, municipality and non-industrial objects.

The company provides services to 759 thsd households and industrial consumers in the following sectors: metallurgy, chemicals, machinery, agriculture, gas. Key industrial consumers are: Zaporizhia ferroalloy plant, Zaporizhstal, Dniprospetsstal, Zaporizhkoks, Ukrainian graphite, etc.

In 2018, 60.3% of the company's shares were transferred to the State Property Fund. The remaining shares are distributed between: Leks Perfecta Limited (16.52%), Bikontia Enterprises Limited (12.31%) and other shareholders (10.92%).

The company has a supervisory board that consists of 7 people, including four representatives of the State Property fund, three representatives of Leks Perfecta Limited.