IPP4 Expansion Project

Nebras Power Company is currently holding negotiations with AES to buy 40% of the 60% stake it holds in IPP 4 Expansion project. The project is under construction and it is expected to have 243 MW power generation capacity, when completed. The Company has submitted its binding offer on July 10, 2014 and negotiations are ongoing with regard to share purchase agreement, shareholders and funding. The final agreement is expected to be signed by the end of January 2015 and expected return of the project is estimated at 14%.