east electric company, Ltd.20 Felix Kaniz St., Sofia 1606, Bulgaria t. +359-2-852-4564 f. +359-2-981-8870 e-mail: eu@eec.us.com

eec Ltd, Bulgaria is a branch of eec LLC, DC, USA

Prof. George AngelowPresident

Wind2Power Investment in Bulgaria

east electric company, Ltd.20 Felix Kaniz St., Sofia 1606, Bulgaria t. +359-2-852-4564f. +359-2-981-8870 e-mail: eu@eec.us.com

eec Ltd, Bulgaria is a branch of eec LLC, DC, USA

Prof. George AngelowPresident

east electric company (eec) is the portfolio company of a line of projects for development of power production on renewables, • run-of-river hydro-power,• bio-gas from land-fills,• wind,• solar and hybrid renewable energy facilities and systems.

It is an eec's ordinary, but not mandatory, practice to be stockholder in these companies. As the experts usually assert it is more than 50 percent of the prerequisite of every such project for the acquisition of the certificates, other permits and licenses, including an eligible wind velocity measuring as it is required under the local country and EU regulations.

eec is the operator providing to its partners all these instruments.

eec is member of Lions Club, Paris.

Company Profile

www.eec.us.com

Wind Power in Bulgaria

There are good conditions in Bulgaria for construction of wind farms, more specifically along the sea coast and at places with altitude of 1,000 meters or higher.

There is a 20-percent bonus for development of renewables in Bulgaria as associated to the EU when the financing is provided by the EBRD. The Green Certificate issue is the next step of the Government policy for encouraging the investors. The purchase price of the wind energy is one of the highest in the EU.

Following the EU Regulations , 11 percent of the power consumption from 2010 should be from renewables. A part of it could be the wind energy.On the map you can see the windy areas in three groups according to the wind density.Several zones of them are in the focus of our exploration—Cape Emine, Resovo and the ridge of the west mountain chain—Golo Bardo Mountain is one of the most appropriate areas.

Cape Emine

Shabla

Stara Planina

>1000 W/m2 300-999 W/m2 200-299 W/m2

Pernik

SOFIA

PERNIK

RESOVO

KAZANLUK

east electric company, Ltd. intends to prepare four construction sites for wind farms:• West wind zone – Pernik (two areas) and Trun (wind measuring in progress), • Kazanluk 1 and 2 (two areas in the foothills of Stara Planina Mountain),• Cape Emine (wind measuring in progress),• Cape Resovo.

EMINE

Wind zone with measurementsMeasurements in progress

TRUN

West Wind Zone “Pernik”

Golo Burdo Mountain Peak Vetrushka Area: 300,000 m2

Number of wind turbines:*at least 100 x 3.6 MW

Lubash Mountain, Peak Lubash Area 20,000 m2 Number of wind turbines:*at least 10 x 3.6 MW

Both areas are about 24 miles from Sofia

* The exact number and the generators‘ output power depend on both the construction design and supplier of the equipment for each site.

Month

Win

d ve

loci

ty, m

/sWest Wind Zone “Pernik-1”

Golo Burdo Mountain Peak Vetrushka

Pow

er, k

w

Annual Energy Yield: 10,500 MW/h per turbineAnnual Revenue: € 819,000 /turbineNumber of Turbines:* 100; 3.6 MW each

Month

80 m10 m

Wind Rose (directional distributionof wind) of Golo Burdo Mountain, Peak Vetrushka.

* The exact number and the generators‘ output power depend on both the construction design and supplier of the equipment for each site.

Wind Zones “Kazanluk”

These photos picture the nature of the twoKazanluk wind zones in the four directions.

Kazanluk-1 Area 250,000 m2

Number of wind turbines:at least 80 x 3.6 MW

Kazanluk-2 Area 140,000 m2

Number of wind turbines:at least 35 x 3.6 MW

* The exact number and the generators‘ output power depend on both the construction design and supplier of the equipment for each site.

Annual Energy Yield: 8,500 MW/h per turbineAnnual Revenue: € 66,300 /turbineNumber of Turbines: 80; 3.6 MW each

Month

Win

d ve

loci

ty, m

/sPo

wer

, kw

Month

80 m10 mWind Rose (directional distributionof wind) of Kazanluk-1 area.

Wind Zone “Kazanluk-1”

* The exact number and the generators‘ output power depend on both the construction design and supplier of the equipment for each site.

Wind Zone “Shabla”

Annual Energy Yield: 9,000 MW/h per turbineAnnual Revenue: € 702,000 /turbineNumber of Turbines: 3; 3.5 MW each

Month

Win

d ve

loci

ty, m

/sPo

wer

, kw

Month

80 m10 mWind Rose (directional distributionof wind) of Shabla area.

* The exact number and the generators‘ output power depend on both the construction design and supplier of the equipment for each site.

Wind Zone “Resovo”

Area: 11,000 m2

Number of Wind Turbines:* 3 x 3.6 MW

This is the most attractive windy site in the country—the most southerly area on the coast bordering Turkey .

* The exact number and the generators‘ output power depend on both the construction design and supplier of the equipment for each site.

Wind Zone “Resovo”

Annual Energy Yield: 9,600 MW/h per turbineAnnual Revenue: € 748,800 /turbineNumber of Turbines:* 3; 3.6 MW each

Month

Win

d ve

loci

ty, m

/sPo

wer

, kw

Month

80 m10 mWind Rose (directional distributionof wind) of Resovo area.

* The exact number and the generators‘ output power depend on both the construction design and supplier of the equipment for each site.

In Progress

• Wind Zone “Trun”, area: 210,000 m2; altitude: 1,700 m the wind velocity measurement is still in progress.

• Wind Zone “Pernik” - Lubash Mountain, Peak Lubash, area: 210,000 m2; the wind velocity measurement is still in progress.

• Wind Zone “Kazanluk-2”, area: 140,000 m2 in the foothills of Stara Planina Mountain; obtaining certificates of ownership of the part of the above-specified land is in progress yet.

• Wind Zone “Shabla”, area: 40,000 m2 in land, own property; windy zone certified with about 1,000 W/m2 density of the wind; the wind velocity measurement is completed.

Wind Velocity Measurement , Extrapolations and Computing

Meteorological Data:

• Cross reference of wind velocity/density—direct measurement by anemometer and through ultrasound facility on 10 m, 20 m and 30 m height on discrete of each 10 min and averaged covering a of the last 10 years.

• The temperature and humidity of the air for monthly one year average measured all above mentioned data obtained by, compared with the information delivered by the Metrological Centers of both the Bulgarian and Texas (U.S.A.) Air Forces.

• Software extrapolation of the data for 80 m height.

• Software extrapolation of the physical data for the period of 10 years.

Power Estimations:

• Power (kW) and Annual Energy Yield (MW/h) were calculated for General Electric 3.6 MW wind turbines using the Standard Rayleigh distribution and unobstructed air flow.

east electric company, Ltd.

What the Investor May Expect from Cooperation with eec Land procurement (the land in Bulgaria is still the cheapest in EU). Exchange the purpose of the land (from agricultural to industrial for construction of wind turbines). Meteorological data—wind velocity measurement and treatment (see the previous slide). Environmental Study with Excel-based Time-table Pro-forma Budgeting of cash flows with profitability

evaluation and sensitivity analyses concerning the wind velocity fluctuation risk factor on annual bases. Proof the wind turbine ecological impact – certificate issued by the Ministry of Ecology. Adaptation of the engineering design to the local regulation requirements (very important). Permission for starting industrial design, construction and other certificates (optional).* Design for optimal location of the wind turbines with horizontal axes (HAWT). SWOT analyses of two alternatives for funding—through Grand Scheme of the EBRD and Ex-In Bank of

the United States.**

* These certificates follow the general construction design.

** eec Ltd., Bulgaria, is subsidiary of eec Inc., Washington, DC, therefore we could inquire for offering equipment and other capital goods on US pricing level (lower than the quoted to EU), term of delivery and other commercial provisions.

www.eec.us.com

east electric company, Ltd.

www.eec.us.com

Message to the InvestorsOur whole experience is at your service. We hope you will make use of it. We should appreciate the opportunity of showing how efficiently we can serve you.

If we can answer any questions, we shall be glad to do so.

Managing Staff,

Signature:

Thank you for your time