Investor Presentaiton

Case Studies - Infrastructure ARM: Yerevan Gas-Fired Combined-Cycle Power Project MYA: Nationwide Data Connectivity Project Source: Photo courtesy of Siemens, Rousch Power project Client: ArmPower CJSC ADB Assistance: $68.4m loan • Key Features: The project consists of a 250MW gas-fired combined cycle power plant, and associated infrastructure at the site of the plant. The power generated from the project will be sold to Electric Networks of Armenia. ArmPower will develop, own and operate the project. It is owned 60% by Renco Power, a joint-venture between Renco S.p.A. and Societa Italiana per le Imprese all'Estero (SIMEST), and 40% by Siemens Project Ventures (SPV). Renco, an Italian company incorporated in 1979, provides consulting, engineering and construction services for the energy, oil, and gas and civil infrastructure sectors. SIMEST, established in 1991, promotes investments of Italian businesses abroad and provides Italian companies with technical and financial support. SPV is the investment arm of Siemens Financial Services, which is a wholly-owned company by Siemens AG, a global leading technology company. Cofinanced by IFC, DEG and OFID. ADB's Value Addition: • Catalyze long-term debt financing which has limited availability in the domestic market. Enhance the project's environmental and social standards. Establish precedents for future financings of similar independent power producer projects by boosting investor and lender confidence. Approval Date: 16 April 2018 Commitment Date: 15 February 2019 Client: Ooredoo Q.P.S.C. ADB Assistance: $500m loan Key Features: • The project consists of (i) rollout of fixed and wireless broadband services; (ii) upgrade of mobile telecommunication networks; and (iii) acquisition of additional spectrums and licenses in Myanmar by Ooredoo. Ooredoo, headquartered in Qatar, is a leading global telecommunications company that serves almost 120 customers. It has significant geographic diversification, with operations in 10 markets across Asia, the Middle East, and North Africa. Ooredoo is 67% owned by Qatar and is listed on the Qatar and Abu Dhabi stock exchanges. ADB's Value Addition: . • Strong demonstration impact on other multinational and international financiers in proving that private sector infrastructure investments can be successful in Myanmar. Expand Ooredoo's commitment to support and advance inclusive sustainable development by promoting the use of ICT in supporting gender equality and women's empowerment. Reduce gender gap by facilitating women's basic access to ICT and providing ICT jobs, promotion, training, and health services to women. Ensure adoption and implementation of environmental and social safeguards standards. Approval Date: 19 February 2018 Commitment Date: 19 February 2019 7 October 2019 66 ADB

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