WIND, SOLAR & MINING OPPORTUNITY IN EUROPE & COMMON WEALTH OF INDEPENDENT STATES(CIS)

What Inspired UsThe countries of the European Union are

currently the number two global leaders in the development and application of renewable energy. They are rich in mineral resources and/or houses listed /un-listed companies who own majority of the assets across major Coal and other mineral blocks. Promoting the use of renewable energy sources is important both to the reduction of the EU's dependence on foreign energy imports, and in meeting targets to combat global warming.

We Want To Be A Part of This REVOLUTION!!

WE ASPIRE• EU pioneers reached agreement in principle in March 2007

that more than 20 percent of the bloc's energy should be produced from renewable fuels by 2020 as a part of its drive to cut emissions of carbon dioxide.

• Renewable now account for less than 7 percent of the EU energy mix. Hence we surge for an opportunity to transform this numbers to higher share.

• The proposal of Greece to develop the Helios project (EUR20 billion )Helios solar project is designed to attract investment to install as many as 10 giga-watts of solar panels by 2050)together with other member states and the European Commission has the potential to be truly groundbreaking.

Our Proposed Platform Will Focus on the following Key Sectors:

Focusing onextracting thehighest returnswith minimalrisk based onstrategicmarketanalysis,disciplinedexecution,operationalexcellence andeffective riskmanagement

Energy Profile: Europe &CIS

EUROPE: EMERGING PLATFORM

Emerging Market in Europe includes Romania, Poland, Italy, Germany, United Kingdom, Bulgaria, Russia, Turkey, Ukraine, Hungary, Czech Rep, etc.

SPECIFIC MARKET CONDITION

ROMANIA •In order to meet the EU requirements, approximately 1.17 billion EUR are estimated to be directed to waste management and recycling in Romania, during the period 2007-2013, out of which 930 million EUR represents EU funds.•Romania has to be able to recycle approximately 50% of its waste by 2013.•Romania is considered to be the highest in potential for Renewable, specifically in Wind Energy.

•The EU has recently approved an incentive program as the country seeks the goal of generating 24% of its power from Green Energy.

•Romania will share out highest incentive among EU, for investors in wind energy which is as large as 160 EUR/Mw after a government law comes in force later part of this year.

Country Analysis

BULGARIA Most cities & towns use old

methods of dealing with their

waste

The country identified for Wind energy development (3400 MW, midterm potential)

Bio diesel consumption registered a

staggering increase

Russian Oil major, investing about $4million in constructing a photovoltaic park near the Black Sea city of Bourgas, with an expected output of 1500 MW

Country Analysis

POLAND

Some of the key objectives of Poland’s Energy policies are:• Increase the share of RES in final energy consumption to 15% by 2020 and

30% by 2030.• Achieve a 10% share of biofuels in transport fuel market and to maintain

this year on year.

Favorable economical

factor

•Shift in Political & Public Support away from traditional fossil fuels towards Renewable Energy Resources.•Plans to invest in Renewable Energy in Poland by biggest Energy Investor by 2016,(300MW by 2015, & 1000 MW by 2016

Country Analysis

With its high potential in Agriculture &

Biodiesel & Bio ethanol, Turkey can be the bio fuel supply centre of

Europe

The total Amount of Investment to be made to Meet the Energy demand in Turkey is Estimated

at USD 130 billion

TURKEY RENEWABLE PICTURE

Country Analysis

GERMANY

Country Analysis

ITALYCountry Analysis

UNITED KINGDOMCountry Analysis

DEVELOPMENT OF THE RENEWABLE ENERGY SECTOR IN THE RUSSIAN

FEDERATION AND IN COUNTRIES OF THE COMMONWEALTH OF

INDEPENDENT STATES (CIS): PROSPECTS FOR INTERREGIONAL COOPERATION

The Russian Federation and countries of the Commonwealth of Independent States (CIS) are endowed with very significant renewable energy resources. The current contribution of solar, tide, (wind, hydro, geothermal, hydro and bio-fuels is less than five per cent of total primary energy consumption. But they have a large, diverse and unrealised potential that could have important benefits for the environment, energy security and the economy if a wide range of barriers to the deployment of renewable energy technologies can be overcome resulting in a more favourable investment climate. Interregional cooperation can contribute greatly to overcoming these obstacles since many of the opportunities and constraints for the future development of renewable energy resources are common between the CIS member states.

UNDP is promoting market transformation towards Low-Emission Development:This includes support to Kyoto Protocol implementation, and to development of national communications, as part of the United Nations Framework Convention on Climate Change (UNFCCC); and promotion of renewable energy, and energy efficiency.

CIS- An Emerging Renewable Energy Platform

During last 20-30 years CIS countries have shown great interest towardsrenewable energy use.

•Actually in almost all CIS countries theoretical potential of renewable energy sources and their complex use exceed current energy consumption.

•Technically achievable economic potential of renewable energy varies among CIS states, the highest being stated in Russia and Ukraine.

• Economical potential of renewable sources in Russia (large hydro power and peat are not included) nowadays can provide conventional fossil fuel savings of about 0,3 billion t.c.e. That is almost 1/3 of total country’s annual consumption of natural gas, oil and coal.

• Technically achievable potential of renewable energy in Ukraine amounts to 63 t.o.e. Provided favourable conditions for renewable energy use it can cover 30% of total country’s energy demand

Renewable energy potential in CIS countries:

Economic - about 20-30%Technical - about 50%Perspective - over 100%

RENEWABLE ENERGY IN CIS COUNTRIES

UKRAINE• Ukraine proving to be an attractive emerging market for renewable energy.

The latest study on the subject lists solar, wind, and hydropower industries as top renewable energy sectors in Ukraine.

• The leading source of renewable energy in Ukraine is hydropower. Installed capacity is 150 MW. The potential of the hydropower industry in Ukraine is estimated at 2.3 GW. The country has 22,400 rivers that allow for small hydro plants to be built across the country.

• According to several research programme, Ukraine also has strong solar potential. A recent research lists the country as the one that offers favourable tax climate - the feed-in tariff in the country is over € 0.40/kWh. Moreover, it is claimed that Ukraine hosts the largest photovoltaic power plant in Central and Eastern Europe. The capacity of the facility is 80 MW.

• Analysts at the British audit company note that Ukraine's highest renewables potential lies within its offshore wind industry - the country ranked 27 in the respective category. The wind powered energy production in Ukraine has installed capacity of 87MW (as of Dec. 2010) and projected capacity estimated at 19-24 GW.

• Suffice it to say that Ukraine's biomass industry constitutes over two-thirds of the country's potential on the market of renewables. Currently, under 0.5 percent of energy is produced from biomass but the estimated potential is ten times larger.

• According to Ernst & Young sources, there are strong signs that Ukraine is committed to meeting the goal of generating 19% of energy from renewable energy sources by 2030 (according to the Government's 2006 strategy). The national project Natural Energy, launched in 2010, sets an objective to increase the share of Ukraine's renewable energy production on the state energy market up to 30 percent by 2015.

GLOBAL EMERGING GEOGRAPHIES: Energy Storage Platform

MAJOR TAKE AWAYS

• Access to affordable , reliable & environmentally benign energy is an emerging human development issue in CIS for rural & poor urban states.

• Number of demo projects proved successful, way forward is to scale up.• Scaling up requires :1. Dedicated Policy2. Dedicated Financing from the Government3. Technology transfer & capacity development from O&M&M (operation,

maintenance & management).Some of the Environmental Current issues include massive soil erosion & degradation; water pollution ;air pollution from industrial effluents.

• Vicious Circle: Poverty – Lack of Access to Energy- pure social services- absence of productive opportunities – more poverty. Some countries lack modern facilities for waste management & recycling. Separate collection procedures of garbage is recently introduced but yet to be proven effective. Low environmental awareness as a key challenge in the uptake to technology and issues with social acceptance of waste incineration facilities.

CHALLENGESCHALLENGES

Demand for commodities is continuing to grow and the emergence of China and India as well as the development of shale gas has significantly changed the dynamics of the global supply and demand. Furthermore, commodities markets remain highly fragmented thus ripe with opportunities for significant value creation:

MARKET DEVELOPMENT & RESOURCES: METALS & MINERALS

Globalization, consolidation along withregional market inefficiencies allow a limitednumber of focused, best in class, visionaryand integrated commodity marketingcompanies a unique opportunity to extractand create significant returns across the VALUE CHAIN

Financial market participants are in theconsolidation phase after the exit of anumber of key players in the marketcreating an opportunity for sophisticated,strongly capitalized, physically orientedcompanies to exploit.

Our Key Objectives

Develop an integrated and fully-diversified portfolio of commodity based businesses with real assets across the value chains in energy, & industrial minerals to extract extraordinary stakeholder value.

Managing Partner along with a selected team of core participants will lead the development of the platform. The platform will invest globally pursuant to its fundamental analysis of commodities, strategic market assessments leveraging competitive advantages through its network of experienced local talent and strategic partnerships.

•Act with integrity, honesty and respect.• Demand responsibility, accountability and transparency. • Passionate, decisive and act with urgency.•Pursue sustainable growth with a long term view.

MISSION

ORGANISATION

VALUES

Energy utilities are facing increased stakeholder scrutiny, increased costs of financing, increased competition and lack of government support and sponsorship (explicit or implicit) for large infrastructure projects.

System operators need co-investors for thedevelopment of infrastructure projects(transmission lines and pipelines) since thetraditional investor owned utilities and banks are reluctant to directly participate.

Banks are retreating; thus providing awindow of investment and partnershipopportunities for new market participants.

Furthermore, a broad based partnershipvalue proposition across the entire value chain will clearly differentiate us from larger utilities and banks.

Initially Russia M&A activity was dominated by domestic consolidation. In 2012, we expect to see Russian steel and mining companies target South-East Asia, Middle East, Turkey, and India for M&A opportunities, in order to access growth opportunities in these markets. Inbound investment into Russia has historically been low, due to the nationalization policy which requires companies hoping to acquire more than a 10% stake in Russian strategic deposits to gain permission from both the government and the Federal Antimonopoly Service (FAS). However, it is thought that Russia will raise the threshold to 25%, which will potentially increase inbound investment in 2012 and beyond.The drivers for IPOs and secondary listings remain strong, despite the current market conditions. Both can deliver increased global prominence and capital raising opportunities at a time when Russian companies are increasingly looking to grow beyond their regional borders. If market conditions improve, we expect to see at least five major IPOs in 2012 by mining and metals companies from Russia ,Kazakhstan & Ukraine.

COUNTRY ANALYSIS :RUSSIAMining :M&A, Capital raising trend

During 2011, outbound M&A increased significantly with UK-based mining and metals companies undertaking more strategic and opportunistic M&A which carried higher deal values.Certain acquisitions provide exposure to the fast growing Indonesian and pan-Asian region, primarily China, South Korea, Philippines and Thailand to feed the steel construction industry as well as utility companies and coal trading companies.•AIM, London’s junior market, saw a significant slowdown in new and secondary issues across all sectors. However, the transformational levels of funding raised by a small number of London-listed junior miners for acquisitions and project development demonstrated that appetite was still there for quality stories, in spite of the prevailing market conditions.

London remains a key destination for companies seeking to raise capital and global profile. When market conditions stabilize, it is expected to see a number of inbound listings from international companies seeking to grow beyond their regional borders.

COUNTRY ANALYSIS:UNITED KINGDOMMining :M&A, Capital raising trend

OUTLOOK

While UK based companies appear to be able to afford to make acquisitions, they remain cautious about valuation amidst a turbulent economic backdrop, although the current market volatility could offer up attractive targets.We believe that during 2012, UK based mining and metals companies will continue to look at deal opportunities on a case by case basis and react when strategic, synergistic targets become available, provided valuations can be managed. Clearly, the ability to manage valuations will depend on stability across the Eurozone, as any further uncertainty and volatility will lead to a more complex valuation process and will impact the cost of capital.

European utilities are under serious pressure from their government relatedshareholders and their customer related stakeholders to reduce their shareof coal. Coal generation will however play an important role in the energymix, especially with the Nuclear phase out. Practically every large utility ishowever getting new build coal plants in their portfolio. We expect to be ableto purchase the ‘mid life’ stations at attractive prices and to develop theoption to convert to biomass in case attractive support systems are in placeor coal or emissions prices rise significantly. Coal (or biomass) will besupplied from our Resources portfolio and power will be majority marketedat deal closure to large industrials and/or mid-size utilities.

StrategicAcquisition (‘Mid-Life’Coal Plant)

The demand for coal in Asia is continuing to increase and the globalsteam coal and metallurgical coal supply markets are fragmented. Thereare several opportunities to acquire or to invest as a minority equityparticipant in smaller producing coal mines with proven reserves in keysupply regions such as Canada, USA, South Africa and Indonesia.

A key bottle neck in the coal supply markets is lack of available terminal capacity to supply coal to Asia. There are several opportunities to participate as a minority investor in coal terminal infrastructure projects in key emerging markets to facilitate and to obtain strategic terminal capacity and to increase supplies to Asia to meet additional incremental demand.

StrategicAcquisition :An Asian Overview

• Acquisitions of mines• Equity Participations• Joint ventures

• Diversity of supply through blending and stockpiling• Optimization of production volumes

• Transportation and marketing optionality

• Operations and logistics flexibility and optionality

• Develop long term partnerships and third party sales and marketing channels

Mining

Stock Piling & Blending

Freight

Distribution

Marketing

Minerals & Metals Value Chains

Financials:TIME LINE FLOWCHART

Initiation Execution Maturity Partnerships

Focus on executionset up, opportunityassessments andupstream strategicacquisitions.

Develop keymidstream assetsthrough strategicacquisitions andparticipations.

Focus on developingan integrated globalportfolio (Production,Transportation &Marketing).

Focus on value chainoptimization ofPortfolio.Focus on GlobalPartnerships.

Our Proposed Next Steps

Our Track Record

Proven track record in developing multiple successful, highly profitable globalenergy portfolios and trading firms in South-East Asia and, Africa .

Recent achievements include:

Presented by :VISHANT SINGH

THANK YOUTHANK YOU