GGU Energy and Water Utilities Investment Overview

Projects going forward in hydro & other renewables 2017 50 MW HPP (Svaneti Hydro) Status Under construction Project cost USD 62.7m Completion by the end of 2018. 2018 44.3 MW HPP (Zoti Hydro) Status Under development Project cost- USD 57.5m Completion by the end of 2020. Long-term pipeline¹ Hydro Capacity - up to 100 MW Project cost per MW USD 1.2 - 1.5m Wind Capacity - up to 150 MW Project cost per MW: up to USD 1.3m Solar Capacity up to 50 MW Project cost per MW: up to USD 1.1m Note 1. Pipeline projects are at a very early stage of development, therefore given information is highly indicative GGU October 2017 page 16

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