FROM CREATIVE POWER TO POWER GENERATION Corporate Presentation Moscow, 2018

2 FROM CREATIVE POWER TO POWER GENERATION

Группа «Интер РАО»

40 TPPs (including 6 mini TPPs), 12 HPPs (including 7 mini HPPs), 2 wind farms

32.7 GW of installed capacity

134,8 TWh generated*

Operating in more than 15 countries

4,3 GW of installed capacity

5 thousand km of power lines

9 electricity retailers

15.9% share of the Russian retail market

182,6 TWh sold*

25 new generation and rehabilitation projects

7.4 GW combined capacity of all facilities

Consolidated value of current projects: 188.5 billion RUB

Leading Russian electricity exporter with 97% market share.

16,7 TWh exported*

6,2 TWh imported*

GENERATION

SALES

TRADING

INTERNATIONAL ASSETS

ENGINEERING

2017 revenue (IFRS)

THE LARGEST ENERGY HOLDING IN RUSSIA FOCUSED ON ELECTRICITY AND HEAT GENERATION AND SALES, ELECTRICITY EXPORT AND IMPORT, AND ENGINEERING SERVICES

50 825 people

917 billion RUB total staff*

* As of 2017

INTER RAO GROUP

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ENGINEERING ASSETS OF INTER RAO GROUP

A leading engineering service provider focused on construction and rehabilitation of energy facilities in Russia and worldwide • 21 successful new construction projects with 6,4 GW of combined capacity • Current portfolio includes 1 GW of generation capacity spread across 4 projects • A team of 500 highly skilled professionals

100% affiliate

Sales of energy equipment and services in the international markets

• 9 active contracts for delivery of energy equipment, spare parts

and services for heat and hydro power projects • Large network of representative offices abroad • Key markets: Latin America, Africa, Middle East & Southeast

Asia

Manufactures 6FA gas turbines in Russia • Joint venture of JSC Inter RAO, General Electric and Rostec • Established in 2011 • Designed to manufacture 14 gas turbines per year, with potential

upgrades up to 20 gas turbines per year • Manufacturing site: Rybinsk, Yaroslavl Oblast

100% 25%

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INTER RAO – ENGINEERING IN FIGURES AND FACTS

Participation in the implementation of the Program for the Construction of Olympic Venues and the Development of the City of Sochi as a Mountain Climatic Resort: Construction of the Dzhubginskaya TPP

6,4 GW of implemented generating capacities

21 Completed projects

4 projects The size of current portfolio of new construction and modernization projects

1 GW of generating capacities to be implemented

7 branches in different regions of the Russian Federation

Experience of implemented projects based on the equipment of major world and home producers such as Siemens, GE Energy, Alstom Power, ABB, Power Machines, EMAlliance, etc.

The presence of its own project unit

Participation in the implementation of the Program for the Construction of New Generating Capacities for the Purpose of Ensuring the Energy Security of the Kaliningrad Region

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OUR VALUES

Inter RAO – Engineering pays particular attention to assurance of sustainable development and safety of production processes. The Company’s overriding priority is an assurance of its activity compliance with the best international practices in the sphere of the quality management, ecological safety and labor protection.

The Company takes full responsibility for carrying out its activities along the whole process chain – from designing a specific facility and ordering the maximum efficient and safe equipment to strict supervision of construction and installation and construction waste disposal.

Inter RAO – Engineering considers it mandatory that all production processes comply with international requirements and it is currently certified according to the following standards: OHSAS 18001:2007 — Occupational health and safety management systems, ISO 14001:2015 — Environmental management systems, ISO 9001:2015 — Quality management systems

The company is a member of the SRO - Association "Urban Planning and Design Association" and the Association "Association of General Contractors in Construction", and has the necessary permits for works that affect the safety of capital construction facilities.

01 02

03 04

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OUR SERVICES

BOT/BOO project organization

Sales of core and auxiliary equipment

Decommissioning of obsolete equipment

Start-up and adjustment of new facilities

Integrated offer based on 6FA gas

turbines

Owner's Engineering

Design of energy facilities

EPC/EPCM project management

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INTEGRATED SOLUTIONS BASED ON 6FA TURBINES

• full cycle engineering – from development of design documentation to project implementation on a turnkey basis • use of flexible financing schemes in project implementation • standard design solutions to cut costs and time required for design, construction and servicing of power generation facilities; • full delivery list of main and auxiliary equipment on optimum commercial conditions • equipment integration into a unified process diagram with a common guarantee of capacity and efficiency of the entire facility • long-term servicing of power island equipment, which includes development of a comprehensive service schedule, spare parts delivery,

maintenance, repair, and reconstruction

Inter RAO – Engineering is a supplier of integrated solutions based on the 6FA turbines, which involve the full range of work and services for all life cycle stages of a power generation facility:

main configurations of thermal power plants.

Inter RAO – Engineering experts have developed standard engineering solutions for 28

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1. Sochinskaya, 80 MW

2. Kaliningradkaya SDPP-2, 450 MW

3. Urengoyskaya SDPP-2, 491 MW

4. Kharanorskaya SDPP-2, 225 MW

5. Ivanovskiye CPP, 325 MW

6. Tomskaya TPP-1, 15 MW

7. Omskaya TPP-3, 85 MW

8. Gusinoozyorskaya SDPP, 210 MW

9. Dzhubginskaya TPP, 180 MW

10. Cherepetskaya SDPP, 2*225 MW

11. Yuzhnouralskaya SDPP-2, 2*400 MW

12. Nizhnevartovskaya SDPP, 413 MW

13. Verhhnetagilskaya SDPP, 447 MW

14. Permskaya SDPP, 861 MW

15. Zatonskaya TPP, 440 MW

16. Pregolskaya TPP, 456 MW

17. Talakhovskaya TPP, 156 MW

18. Mayakovskaya TPP, 156 MW

19. Primorskaya TPP, 195 MW

RUSSIAN PROJECTS

PROJECT GEOGRAPHY

УКРАИНА

Moscow RUSSIAN

FEDERATION

08

06 07

12

03

11

13 14

05 10

16,19

09 01

15

02,17,18

04

Projects in progress with combined capacity of 1 GW 4

Completed projects with combined capacity of 6,4 GW 21

Projects in progress

Completed projects

Tajikistan

20

RUSSIAN FEDERATION

Afghanistan 23 21-22

Bangladesh

20. Tajikistan Sangtuda HPP-1, 670 MW 21. Bangladesh Ghorasal TPP, 210 MW

PROJECTS ABROAD

22. Bangladesh Siddhirganj TPP, 210 MW 23. Afghanistan Naglu HPP, 2*25 MW

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PARTNERSHIP BENEFITS

Long-term partnerships with the leading equipment manufacturers, project managers and contractors

Comprehensive network of branches and sales offices

In-house design center

Proven project financing options

Optimized project timelines and costs

Standardization programs for projects and technology solutions

OUR PROJECTS

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Construction of power plants on the basis of two gas turbines with power capacity of 156 MW each

Key components : Two gas turbines PG6111 (FA)

manufactured by LLC Russian Gas Turbines

Mayakovskaya TPP, Gusev

Construction of the power plant consisting of three steam power plants with total capacity of 195 MW

Expected project completion: 2020

Primorskaya TPP , Svetliy

Key components : Three steam turbines UTZ K-65-12,8

manufactured by CJSC Ural Turbine Plant; Three turbine-generators TF-65-2UHL4,

manufactured by CJSC ELSIB Two steam boilers E-240-13,8-560KT,

manufactured by JSC Podolsk Machine-Building Plant

Construction of power plants on the basis of two gas turbines with power capacity of 156 MW each

Key components : Two gas turbines PG6111 (FA)

manufactured by LLC Russian Gas Turbines

Talakhovskaya TPP , Sovetsk

Construction of power plants on the basis of four combined cycle with total capacity of 456 MW

Expected project completion: 2019

Pregolskaya TPP , Kaliningrad

Key components : Four gas turbines PG6111 (FA) manufactured

by LLC Russian Gas Turbines Four generators TF-90G-2UZ manufactured

by CJSC ELSIB Four steam turbines K-38-8,0 manufactured

by JSC Power Machines; Four heat recovery steam generators PK-116

manufactured by JSC Podolsk Machine-Building Plant

CONSTRUCTION OF GENERATING CAPACITY IN KALININGRAD REGION

Construction of four power plants with a total capacity of 1 GW is the largest investment project in the Kaliningrad region. The projects are implemented in accordance with the approved Resolution of the Government of the Russian Federation of October 20, 2015 No. 1116 and Order of the Government of the Russian Federation of October 20, 2015 No. 2098-p.

New power sources will ensure the energy security of the Kaliningrad region and make its energy system more maneuverable.

Completed in 2018 Completed in 2018

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Construction of 440 MW thermal power plant

Completed in 2018

Key components: Two Power Machines GTE-160 gas turbines; Two Kaluga Turbine Works Т-60/73 steam turbines; • Two EMAlliance Е-220 boilers.

Russian Federation Zatonskaya TPP

Оverhaul of Unit, 210 MW in capacity

Expected project completion: 2018

Bangladesh Siddhirganj TPP

Key components: • Power Machines K-210-130-8 steam turbine; • TKZ (Power Machines Group) TGME-

206/BCO boiler; • State Enterprise Electrotyazmash (Ukraine)

generator TGV-200MTZ.

Rehabilitation of Unit No.1 and overhaul of Unit No.3, capacity of each Unit is 25 MW

Expected project completion: 2018

Afghanistan Naglu HPP

Key components: • Four Turboatom РО 75-В-225 water

turbines; • Four Energomash (Ekaterinburg)-

Uralelectrotyazhmash VGS 525/110-24 generators.

WORK IN PROGRESS

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Construction of 861 MW combined cycle Power Generation Unit #4

Completed in 2017

Key components: • 283 MW Siemens SST5-5000 steam

turbine; • Two 289 MW Siemens SGT5-4000F gas

turbines; • Two EMAlliance heat recovery boilers

Russian Federation Permskaya SDPP

Construction of 447 MW combined cycle Power Generation Unit #12

Completed in 2017

Russian Federation Verkhnetagilskaya

SDPP

Key components: Siemens SGT5-4000F gas turbine with Sgen5-1200A generator; • Power Machines K-130 steam turbine with

TZFP-160 generator.

Construction of two 225 MW Pulverized Coal Boilers, #8 and #9

Completed in 2014-2015

Key components: • Two Power Machines K-225-12.8-4P

steam turbines; • Two EMAlliance Еp-630-13.8-565/570KТ

boilers.

Russian Federation Cherepetskaya

SDPP

Construction of power plants on the basis of two combined cycle power capacity of 400 MW each

Completed in 2014

Russian Federation Yuzhnouralskaya

SDPP-2

Key components: • Two Siemens SGT-4000F gas turbines; • Two Siemens SSТ-3000 condenser turbines; • Two Atomenergomash P-140 heat recovery

steam boilers.

COMPLETED PROJECTS

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Construction of 413 MW combined cycle Power Generation Unit #3.1

Completed in 2014

Key components: • General Electric PG9351(FA) gas turbine

with 324H 50 Hz generator; • General Electric D12 steam turbine with

9А5 generator; • Atomenergomash P-143 heat recovery

steam boiler.

Russian Federation Nizhnevartovskaya

SDPP

Construction of 180 MW thermal power plant

Completed in 2013

Russian Federation Dzhubginskaya

TPP

Key components: • Two GE ENERGY LMS100 gas turbines.

Rehabilitation of 210 MW Pulverized Coal Boiler #4

Completed in 2013

Key components: • Steam turbine of К-210-130-3 type,

manufactured by JSC Power Machines; • Boiler БКЗ-640-140 ПТ-1, manufactured

by JSC Sibenergomash.

Russian Federation Gusinoozyorskaya

SDPP

Construction of an 85 MW combined cycle Power Generation Unit

Completed in 2013

Russian Federation Omskaya TPP-3

Key components: • Two GE ENERGY LM2500+G4 DLE gas

turbines; • Two EMAlliance Е-38.3/8.1-5.5/0.63 heat

recovery boilers; • Power Machines-KTZ Т-16.5/22-5.5/0.08

steam turbine.

COMPLETED PROJECTS

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Construction of a 15 MW power generation unit and a heat recovery boiler

Completed in 2012

Key components: • Turbomach TITAN-130 gas turbine; • ZiO Podolsk KUV 23.5/150 boiler.

Russian Federation Tomskaya TPP-1

Construction of 225 MW Pulverized Coal Boiler #3

Completed in 2012

Russian Federation Kharanorskaya SDPP

Key components: • Power Machines K-225-12.8-3P steam

turbine; • EMAlliance Ep-630-13.8 565BT (TPE-216M)

boiler.

Construction of a 460 MW combined cycle Power Generation Unit

Completed in 2012

Key components: • Two Power Machines GTE-160 gas

turbines; • Heat recovery steam generators (2х Е-

229/52-8/0,6-507/227), manufactured by JSC EMAlliance under the license of Nooter/Eriksen;

• 160 MW Power Machines K-160-7.5 steam turbine.

Russian Federation Urengoyskaya SDPP

Construction of 325 MW combined cycle Power Generation Unit #2

Completed in 2012

Russian Federation Ivanovskiye CPP

Key components: • NPO Saturn GTD-110 gas turbine; • Podolski Machine-Building Plant OJSC Е-

148/35-6.7/0.6-493/229 heat recovery boiler;

• Power Machines K-110-6.5 110 MW steam turbine.

COMPLETED PROJECTS

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Construction of a 80 MW combined cycle Power Generation Unit #3

Completed in 2009

Key components: • Siemens GT10C gas turbine; • Podolski Machine-Building Plant OJSC P-

103 dual pressure heat recovery boiler; • Power Machines-KTZ T-10/11-5.2 steam

turbine.

Russian Federation Sochinskaya TPP

COMPLETED PROJECTS

Turnkey construction of a 670 MW hydro project

Units 1, 2 and 3 were launched in 2008; unit 4 was launched in 2009

Key components: • Four Power Machines РО 75-В-600 water

turbines; • Four Power Machines СВ 1260/182-60

UHL4 generators; • Four ABB HECS-80S generator circuit

breakers; • Four AREVA OFAF-200000/230 generator

transformers.

Tajikistan Sangtuda HPP-1

Construction of a 450 MW combined cycle Power Generation Unit #2

Completed in 2011

Key components: • Two gas turbines GTE-160 (Siemens

SGT5-2000E(3) type), manufactured by JSC Power Machines;

• Two Podolski Machine-Building Plant OJSC PK63 heat recovery boilers;

• Power Machines K-150-7.7 steam turbine.

Russian Federation Kaliningradskaya

CHPP-2

Gorashal TPP

Completed in 2017

Оverhaul of Unit No. 5, 210 MW in capacity

Key components: • Power Machines K-210-130-8

steam turbine; • TKZ (Power Machines

Group) TGME-206 boiler; • State Enterprise

Electrotyazmash (Ukraine) generator TGV-200MTZ.

Bangladesh

Inter RAO – Engineering, LLC

27 Bolshaya Pirogovskaya, Moscow, Russia, 119435

phone: +7 (495) 664-88-40 fax: +7 (495) 664-88-41 e-mail: irao-e@interrao.ru