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Activities in Power GenerationMr. Pablo Gª-Arenal

Cobra Industrial Plants’ General Manager

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Contents

ACS and power generation

Market expectations

ACS’s resources and skills

Growth Strategy

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ACS and power generation

GENERATION CHAINGENERATION CHAIN

Hydro-electric Power

Thermal Power

Renewable Power

Nuclear Power

Transportation anddistribution

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ACS and power generation

HYDROHYDRO--ELECTRIC GENERATIONELECTRIC GENERATION

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ACS and power generation

HYDROHYDRO--ELECTRIC GENERATIONELECTRIC GENERATION

HydroHydro--electricelectric powerpowerstationstation in in AlquevaAlqueva

(Portugal)(Portugal)

240 MW 240 MW HydroHydro--electricelectric stationstation

LargestLargest waterwater reserve in reserve in EuropeEurope (250 km(250 km22 ))

IrrigationIrrigation 110.000 110.000 hectareshectares

DoubleDouble concrete curve concrete curve vaultvault damdam (458 m long (458 m long andand

96 m 96 m highhigh))

TechnicalTechnical informationinformation: :

720.000 m3 concrete in 720.000 m3 concrete in damdam structurestructure

370.000 m3 concrete in 370.000 m3 concrete in otherother structuresstructures

950.000 m3 950.000 m3 outdoorsoutdoors excavationsexcavations

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ACS and power generation

THERMAL POWERTHERMAL POWER

TraditionalTraditional thermalthermal powerpower ((CoalCoal, Fuel oil), Fuel oil)

DeletionDeletion of of sulphursulphur in gas in gas

leaksleaks

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ACS and power generation

THERMAL POWER GENERATIONTHERMAL POWER GENERATION

C.TC.T. . YahekouYahekou, , groupsgroups 1 1 andand 2 2 (2 x 350 MW, China) (2 x 350 MW, China)

C.TC.T. Mejillones, . Mejillones, groupsgroups 4 4 andand5 (2 x 165 MW, Chile) 5 (2 x 165 MW, Chile)

C.TC.T. Litoral de Almer. Litoral de Almeríía, a, groupsgroups 1 1 andand 2 (2 x 550 MW, 2 (2 x 550 MW, SpainSpain) )

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ACS and power generation

THERMAL POWER GENERATIONTHERMAL POWER GENERATION

ThermalThermal powerpower stationstation in Sines (Portugal)in Sines (Portugal)95% 95% SulphurSulphur deletiondeletion andand 50% 50% DustDust eliminationelimination

1.200.000 Nm3/h gas 1.200.000 Nm3/h gas treatmenttreatment

Soto III Soto III ThermalThermal powerpower stationstation (Asturias)(Asturias)95% 95% SulphurSulphur deletiondeletion 50% 50% DustDust deletiondeletion

1.330.000 Nm3/h gas 1.330.000 Nm3/h gas treatmenttreatment

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ACS and power generation

THERMAL POWER GENERATIONTHERMAL POWER GENERATION

CombinedCombined CycleCycle (Natural Gas)(Natural Gas)

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ACS and power generation

THERMAL POWER GENERATIONTHERMAL POWER GENERATION

Aceca Aceca CombinedCombined CycleCycle(400 MW, Toledo) (400 MW, Toledo)

CastelnouCastelnou CombinedCombined CycleCycle(800 MW, Teruel) (800 MW, Teruel)

BoroaBoroa CombinedCombined CycleCycle(800 MW, Bilbao) (800 MW, Bilbao)

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ACS and power generation

NUCLEAR POWER GENERATIONNUCLEAR POWER GENERATION

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ACS and power generation

NUCLEAR POWER GENENATIONNUCLEAR POWER GENENATION

AssemblyAssembly, , MaintenanceMaintenance, , rechargesrechargessupportsupport forfor ThermalThermal powerpower stationsstationsin in CofrentesCofrentes, Trillo, , Trillo, AlmarazAlmaraz, Zorita, , Zorita, Santa MSanta Mªª de de CaroCaroññaaVandellVandellóóss I I DisassemblyDisassembly

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ACS and power generation

RENEWABLERENEWABLE POWER GENERATIONPOWER GENERATION

WindWind powerpower ThermalThermal--solar solar powerpower

BioBio--massmass

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ACS and power generation

RENEWABLERENEWABLE POWER GENERATIONPOWER GENERATION

WindWind powerpower

21 21 ParksParksPromotionPromotion692 MW692 MW

18 18 ParksParksOperationOperation

572 MW572 MW11 Parks

Construction299 MW

ThermalThermal--solar solar powerpower

3 3 StationsStationsConstructionConstruction

150 MW150 MW5 StationsPromotion250 MW

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Contents

ACS and Power generation

Market expectations

ACS resources and skills

Growth strategy

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MARKET EXPECTATIONSMARKET EXPECTATIONS

ACS and power generation

kWh Billions

GlobalGlobal

(*) Source: EIA

GLOBAL POWER GENERATION GLOBAL POWER GENERATION

TypeType of fuelof fuel

(*) Source: EIA

kWh Billions

48 Billion €/year

Coal Thermal PlantsInvestment

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MARKET EXPECTATIONSMARKET EXPECTATIONS

ACS and power generation

OECD/No OECDOECD/No OECD

(*) Source: EIA

POWER GENERATION PER COUNTRYPOWER GENERATION PER COUNTRY

AnnualAnnual GrowthGrowth (%)(%)

(*) Source: EIA

kWh Billions

Historic Forecast

North America

Europe

Asia

Europa/Eurasia

China

India

Asia others

Middle East

Africa

Central/South Amer.

OECD

Non OECD

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MARKET EXPECTATIONSMARKET EXPECTATIONS

ACS and power generation

SOME OF OUR CLIENTSSOME OF OUR CLIENTS

Hydro-electric EnergyThermal Energy

Renewable Energy

Nuclear Energy

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Contents

ACS and power generation

Market expectations

ACS resources and skills

Growth strategy

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ACS RESOURCES AND SKILLSACS RESOURCES AND SKILLS

ACS and Electrical Power

Design / Engineering / Project

Construction and Erection

EPC Contracts

Operation and Maintenance

Exploitation

Financing

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Contents

ACS and power generation

Market expectations

ACS resources and skills

Growth strategy

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GROWTH STRATEGYGROWTH STRATEGY

ACS and Electrical Power

Flexibility and adaptation to market needsPackages: Design / Supply / Construction / Operation andMaintenance

Turnkey Projects (EPC’s)

Exploitation

In consortium withTechnological andEngineering PartnersAs Main Contractor

Growth with present ClientsBuilding customer loyalty and managing large, complex projectsCovering all of the value chainInternational Expansion

Entrance in Potential Clients

Taking advantage of our Know-How and our partnerships

with Technilogists