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Activities in Power Generation Mr. Pablo Gª-Arenal

1 Cobra Industrial Plants’ General Manager Contents

ƒ ACS and power generation

ƒ Market expectations

ƒ ACS’s resources and skills

ƒ Growth Strategy

2 ACS and power generation

GENERATION CHAIN

Hydro-

Thermal Power

Transportation and distribution

Renewable Power

3 ACS and power generation

HYDRO-ELECTRIC GENERATION

4 ACS and power generation

HYDRO-ELECTRIC GENERATION

Hydro-electric in Alqueva (Portugal)

ƒ 240 MW Hydro-electric station

ƒ Largest reserve in (250 km2 )

ƒ Irrigation 110.000 hectares

ƒ Double curve vault (458 m long and 96 m high)

ƒ Technical information:

ƒ 720.000 m3 concrete in dam structure

ƒ 370.000 m3 concrete in other structures

ƒ 950.000 m3 outdoors excavations

5 ACS and power generation

THERMAL POWER

Traditional thermal power (, oil)

Deletion of sulphur in gas leaks

6 ACS and power generation

THERMAL POWER GENERATION

C.T. Yahekou, groups 1 and 2 (2 x 350 MW, )

C.T. Mejillones, groups 4 and C.T. Litoral de Almería, groups 1 5 (2 x 165 MW, Chile) and 2 (2 x 550 MW, Spain)

7 ACS and power generation

THERMAL POWER GENERATION

Thermal power station in Sines (Portugal) Soto III (Asturias) 95% Sulphur deletion and 50% Dust elimination 95% Sulphur deletion 50% Dust deletion 1.200.000 Nm3/h gas treatment 1.330.000 Nm3/h gas treatment

8 ACS and power generation

THERMAL POWER GENERATION

Combined Cycle ()

9 ACS and power generation

THERMAL POWER GENERATION

Castelnou Combined Cycle (800 MW, Teruel)

Boroa Combined Cycle Aceca Combined Cycle (800 MW, Bilbao) (400 MW, Toledo)

10 ACS and power generation

NUCLEAR POWER GENERATION

11 ACS and power generation

NUCLEAR POWER GENENATION

ƒ Assembly, Maintenance, recharges support for Thermal power stations in Cofrentes, Trillo, Almaraz, Zorita, Santa Mª de Caroña ƒ ƒ Vandellós I Disassembly 12 ACS and power generation

RENEWABLE POWER GENERATION power Thermal-

Bio-mass

13 ACS and power generation

RENEWABLE POWER GENERATION Thermal-solar power

18 Parks 21 Parks Operation Promotion 572 MW 692 MW 11 Parks 299 MW 3 Stations 5 Stations Construction Promotion 150 MW 250 MW

14 Contents

ƒ ACS and Power generation

ƒ Market expectations

ƒ ACS resources and skills

ƒ Growth strategy

15 ACS and power generation

MARKET EXPECTATIONS

GLOBAL POWER GENERATION

Global Type of fuel

kWh Billions kWh Billions

48 Billion €/year Coal Thermal Plants Investment

(*) Source: EIA (*) Source: EIA

16 ACS and power generation

MARKET EXPECTATIONS

POWER GENERATION PER COUNTRY

OECD/No OECD Annual Growth (%)

North America Europe Historic Forecast OECD Europa/Eurasia Non OECD China India Asia others Middle East kWh Billions Central/South Amer.

(*) Source: EIA (*) Source: EIA

17 ACS and power generation

MARKET EXPECTATIONS SOME OF OUR CLIENTS Thermal Nuclear Energy Hydro-electric Energy

18 Contents

ƒ ACS and power generation

ƒ Market expectations

ƒ ACS resources and skills

ƒ Growth strategy

19 ACS and Electrical Power

ACS RESOURCES AND SKILLS

Design / Engineering / Project

Construction and Erection

EPC Contracts

Operation and Maintenance

Exploitation

Financing

20 Contents

ƒ ACS and power generation

ƒ Market expectations

ƒ ACS resources and skills

ƒ Growth strategy

21 ACS and Electrical Power

GROWTH STRATEGY Flexibility and adaptation to market needs ƒ Packages: Design / Supply / Construction / Operation and Maintenance In consortium with Technological and ƒ Turnkey Projects (EPC’s) Engineering Partners ƒ Exploitation As Main Contractor Growth with present Clients ƒ Building customer loyalty and managing large, complex projects ƒ Covering all of the value chain ƒ International Expansion Entrance in Potential Clients ƒ Taking advantage of our Know-How and our partnerships with Technilogists 22