Renewable energy projects in Slovenské elektrárne, a.s.

Bratislava, 20.september 2010

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• Sufficient volume of electricity

• Clean electricity production

• Competitive and affordable prices

• Homogenous, open common market

EU Energy Strategy for 2020 Major long term targets

Sustainable solution

Meeting Energy Challenges Requires Delivering a Mix of Possible Solutions

The energy

challengesCompetitive

pricesSecure energy supplies

Sustainability

• National and regional factors govern each country’s energy mix. They differ considerably today and they will in the future

• However, Europe is more and more aware that nuclear should be the route to sustainable, competitive and reliable energy and renewables will complete the mix

• Slovakia is well placed to leverage on its nuclear tradition, know-how and capabilities and is gradually developing renewables

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Projects announced and under development:

• EMO 3,4 completion (Power plant with more than 6 TWh of electricity production will be commissioned in 2012/2013)

• Uprates of existing NPPs (additional 1 TWh of electricity)

• Refurbishment of thermal power plants

• New renewable sources

• New entrants (CCGT Malženice already in operation... )

Capacity Development in SlovakiaSlovakia will become a net exporter again

As a result of the new investment announced and already under construction, the export capacity will be restored from 2013 onwards

New efficiency solutions and continuous economy restructuring will slow down growing demand

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PL CZ HU SK

~ 0,3

Eurelectric EU27 avg

CO2 intensity (t/MWh) in 2009

Clean Production in the Region

In 2009 some 88 % of SE production was clean

Source: European Environment Agency, Eurelectric statistics, SE calculations

Restructuring of the fuel mix will be necessary

SE production by sources

SE installed capacity by sources

CO2 free production

9Net installed capacity.

SE has become a member of a big family

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Spain

• Endesa’s nuclear power plants: 3397 MW

• Technology: Westinghouse-PWR 1000 MW

Russia

• Agreement with Rosatom for the co-development of new NPP

• Technology: VVER-1200 MW

France

• EPR agreement with EDF: 12.5% stake in construction and operation of Flamanville 3

• Anticipated nuclear capacity

• Technology (Flamanville): Areva- PWR 1600 MW

Slovakia

• Slovenske Elektrarne’s nuclear power plants: 1906 MW

• Development of Mochovce 3&4 Units (2x440 MW)

• Technology: VVER 440 MW

Mochovce is developing one of three NPP projects in EuropeMochovce is developing one of three NPP projects in Europe

At the forefront of European nuclear development

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Focus on renewable energy projects

Solar energy

Construction of photovoltaic power plants has positive impact on diversifying the production portfolio since the SE will increase its installed capacity for another renewable energy sources as well as: increase of operational flexibility, also in terms of green energy tariffs zero impact on the environment utilization of previously unused spaces, or lands with low site class high reliability (20 to 25 years) low operating cost

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Renewable energy projects

At the present are implemented 2 project of photovoltaic power plants:

- 950 kWp solar power plant in Mochovce – photovoltaic power will be placed nearby nuclear power plant, in cadastre of municipality Kalná nad Hronom

- 950 kWp solar power in Vojany – photovoltaic power plant will used lands in property of coal-fired power plant in Vojany

and 1 project in preparation:

- project is located on building roof of headquarter in Bratislava 45 kWp photovoltaic power plant, electricity of this power plant will be used for own consumption of building of headquarter

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Photovoltaic power plant in Mochovce

950 kWp solar power plant in Mochovce – photovoltaic power will be placed nearby nuclear power plant, in cadastre of municipality Kalná nad Hronom

electric power from PV power plant will be used for own non-technological consumption of NPP Mochovce

Start of commercial operation will be in December 2010

LAND FOR

PHOTOVOLTAIC PLANT

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Photovoltaic power plant in Vojany

950 kWp solar power plant will be situated in existing coal-fired power plant in Vojany

electric power from PV power plant will be used for the electrical grid – Východoslovenská distribučná, a.s.

start of commercial operation will be in December 2010

LAND FOR PHOTOVOLTAIC PLANT

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Installation of photovoltaic panels in headquarters of SE, a.s in Bratislava

45 kWp installation of photovoltaic panels in headquarters Bratislava – photovoltaic will be placed on the roof of headquarters

electric power from PV power plant will be used for own consumption of headquarters

start of realization in December 2010

Preconditions to invest in RES

• Stable and predictable legislative framework

• Grid infrastructure to sustain a specific amount of RES production

• Impact on final prices to be considered (right mix of production sources)