AES CORPORATION

Dale W. PerryVice PresidentAES Corporation

Regional Electricity Integration:

The AES Focus

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Breadth of AES Capabilities

Distribution Coal-Fired Hydroelectric

Wind Power LNG Gas-Fired

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Ekibastuz GRES I 4,000 MW Coal Maikuben Coal Mine

Shulbinsk 702 MW Hydro

Sogrinsk CHP 301 MW Coal Ust-Kamenogorsk 331 MW Hydro 1,356 MW Coal 260 MW Coal

Eastern Kazakhstan REC 280,000 Customers 19,000 KM Network Semipalatinsk REC 180,000 Customers 18,439 KM Network Ust Kamenogorsk Heat Net 95,000 Residential Customers 1,600 Industrial Customers

AES in Kazakhstan

AES CORPORATION

China

Pakistan

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Regional Market Cost-Price Gaps

$4 to $30 per MWh

$48 to $60 per MWh

$8 to $30 per MWh $30 to $55 per

MWh

$25 MWh to $350 MWh

$15 to $32 per MWh

$4 to $30 per MWh

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Regional Integration: AES Regional Offices

Kazakhstan– Almaty– Astana– Ekibastuz– Ust Kamenogorsk– Semipalatensk

Kyrgystan– Bishkek

Tadjikistan– Dushanbe

Russia– Moscow

Pakistan– Karachi– Islamabad– Lahore

China– Beijing

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Central Asia Integration: The AES Focus

Generation– Coal and Hydro Kazakhstan (owned since

1996)– Hydro and Coal Kyrgyztan– Hydro and Coal Tadjikistan

Distribution– Kazakhstan (since 2000)– Kyrgyztan

Regional Transmission Company– Kyrgyztan, Tadjikistan, Afghanistan, to Pakistan– Desktop Study completed August 2007– Assuming now this will be done by Public Sector