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The Most Dangerous Nation in the World Isn’t Iraq… It’s PAKISTAN How can American businesses, with U. S. Government assistance, stabilize the World’s most dangerous place? cec

Pakistan 2010 -2015 Presentation for: U. S. Ambassadors’ Office to Pakistan LEVERAGING U. S. EXIM, MIGA & OPIC FAST-TRACK U. S. SPONSORED COMMERCIAL PROJECTS Prepared by: Global Edison Corporation January 2010

Pakistan 2010 -2015 Objectives: v v Stabilize the Government of Pakistan Gain Pakistani Civilian Support for U. S. Objectives Increase U. S. Exports Build U. S. Business Interests in Pakistan LEVERAGING U. S. EXIM, MIGA & OPIC FAST-TRACK U. S. SPONSORED COMMERCIAL PROJECTS Results: v v Electricity Deficit 100% Eliminated in 5 Years Gas Shortage 100% Eliminated in 18 Months Oil Import Capacity Deficit 100% Eliminated in 2 Years Water Shortage in Karachi 100% eliminated in 2 Years Prepared by: Global Edison Corporation January 2010

WHAT DOES IT TAKE Citizens’ discontent threatens elected government stability to stabilize the elected government in the world’s most dangerous place? The Pakistan Government must provide the missing basic human services. Our 6 week on the ground mission in Pakistan revealed four urgent problems of the citizens and businesses: ELECTRICITY 12 -14 hours without electricity everyday 1 JOBS A quarter of the national productivity is lost due to the energy crisis 2 FOOD 24% of all food is wasted due to inability to process and preserve from lack of electricity 3 WATER 200, 000 Children under age 5 die each year from bad water 4 1 Source: Pakistan Press International Source: World Bank Study “Least Cost Development Program for Pakistan Power Sector” 3 Source: Pakistan Minister of Foreign Affairs 4 Source: United States Agency for International Development and the World Health Organization 2 Confidential Business Information - United States Government Access Only 5

Citizens’ discontent threatens elected government stability ONLY 25% APPROVE of the elected Pakistani Government Without immediate solutions the elected government may well fall, not from external enemies, but from the internal pressures of a government that simply does not work for the people. Citizen Sentiment Toward Government 1 25% Dissatisfied Satisfied 75% Electricity Protest 2009 Pakistani protesters march in a rally against the electricity shortage in Lahore on July 12, 2009. Pakistan has experienced severe electricity outages across the country since early 2008, with an increasing number of blackouts in Islamabad and Karachi, which authorities have blamed on a lack of water for hydropower facilities. AFP PHOTO/Arif ALI Publication date: 7/12/2009; 11: 55: 00 AM GMT. The only remaining political force may be the Taliban and other anti-Western political forces. 1 Source: 2009 Pew Global Attitudes Survey in Pakistan www. pewglobal. org Confidential Business Information - United States Government Access Only 6

Pakistani Citizens’ Discontent ELECTRICITY GENERATION SHORTFALL 12 -14 hours everyday without electricity Current/Projected Electricity Deficit in Pakistan Supply Demand MEGAWATTS 20, 584 19, 080 15, 055 2009 (Actual) 15, 055 2010 (Projection) Source: Pakistan Private Power and Infrastructure Board (PPIB) Confidential Business Information - United States Government Access Only 7

ELECTRICITY DEFICIT Demand triples in 20 years Electricity Demand Forecast 80, 000 70, 000 Country Peak (WAPDA + KESC) Megawatts 60, 000 WAPDA KESC 50, 000 40, 000 30, 000 20, 000 10, 000 - 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 Electricity Deficit Source: NTDC Electricity Demand Forecast, G. M Planning Power, April 2008, corrected for GDP growth & captive power demand in the industrial sector KESC = Karachi Electric Supply Company, WAPDA = Water and Power Development Authority Confidential Business Information - United States Government Access Only 8

Price. Water. House Coopers estimates shortfall to Increase by 50% in four years Natural Gas Supply/Demand Balance 12, 000 10, 000 Anticipated estimates gas deficit/shortfall will increase from 2. 1 BCFD next year to 3. 2 BCFD in 2014 and to 5. 12 BCFD by 2017. MMscfd (950 Btu/scf) Main Transmission System Price. Water. House Coopers System Supplies 8, 000 6, 000 LNG Annual Average Peak Winter 4, 000 2, 000 - FY 2006 FY 2007 FY 2008 FY 2009 FY 2010 FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 FY 2027 FY 2028 FY 2029 FY 2030 Gas Deficit GAS DEFICIT Source: World Bank Study “Least Cost Development Program for Pakistan Power Sector” BCFD = Billion Cubic Feet Per Day, MMscfd = Million Standard Cubic Feet Per Day, Btu = British Thermal Units Confidential Business Information - United States Government Access Only 9

OIL IMPORT SHORTFALL Existing terminal currently at 100% capacity Projected Crude Oil and Petroleum Products Imports 80 70 Indigenous Crude Oil Imported Crude Oil 60 HSD Imports FO Imports Million TOE 50 Refining Capacity 40 30 Coastal Refinery, 50, 000 BPSD Trans. Asia Refinery, 80, 000 BPSD 20 Indus Refinery, 92, 000 BPSD FY 2030 FY 2029 FY 2028 FY 2027 FY 2026 FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 FY 2020 FY 2019 FY 2018 FY 2017 FY 2016 FY 2015 FY 2014 FY 2013 FY 2012 FY 2011 FY 2010 FY 2009 0 FY 2008 10 FY 2007 Oil Import Deficit Source: World Bank Study “Least Cost Development Program for Pakistan Power Sector” Note: TOE = Tons of Oil Equivalent, FO = Fuel Oil, HSD = High Speed Diesel, BPSD = Barrels Per Stream Day Confidential Business Information - United States Government Access Only 10

Crude Oil Import Deficit REFINERIES STARVED without new import capacity Refinery Capacity Additions & Utilization 50 45 Refining Capacity 40 Refinery Utilization Million TOE 35 30 Imports Exports 25 20 15 10 5 - FY 2007 FY 2008 FY 2011 FY 2014 FY 2017 FY 2020 FY 2025 FY 2030 Source: World Bank Study “Least Cost Development Program for Pakistan Power Sector” Note: Refineries are run to meet HSD demand in the country Note: TOE = Tons of Oil Equivalent Confidential Business Information - United States Government Access Only 11

without oil terminal expansion Projected Petroleum Products Exports 6. 0 Kerosene 5. 0 Aviation Fuels Naphta FO Million TOE 4. 0 3. 0 2. 0 FY 2030 FY 2029 FY 2028 FY 2027 FY 2026 FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 FY 2020 FY 2019 FY 2018 FY 2017 FY 2016 FY 2015 FY 2014 FY 2013 FY 2012 FY 2011 FY 2010 FY 2009 0. 0 FY 2008 1. 0 FY 2007 Oil Product Export Bottleneck REFINERY EXPORTS BOTTLENECKED Source: World Bank Study “Least Cost Development Program for Pakistan Power Sector” Note: Naphtha has become a surplus product due to reduction in gasoline production arising from increasing CNG use in transport sector Note: TOE = Tons of Oil Equivalent, FO = Fuel Oil Confidential Business Information - United States Government Access Only 12

Total Energy Deficit INDIGENOUS ENERGY DEFICIT to increase 600% by 2030 Forecast of Indigenous Energy Deficit 2008 -2030 250 Best Case Million TOE 200 Energy Deficit Indigenous Energy Supply 150 100 50 - FY 2008 FY 2010 FY 2015 FY 2020 FY 2025 FY 2030 Source: World Bank Study “Least Cost Development Program for Pakistan Power Sector” Note: TOE = Tons of Oil Equivalent Confidential Business Information - United States Government Access Only 13

Total Energy Deficit Forecast of Indigenous Energy Deficit 2008 -2030 Best Case BY 2030 62% OF ENERGY IMPORTED No LNG terminal or oil import capacity to do it FY 08* FY 10 FY 15 FY 20 FY 25 FY 30 Oil Gas LPG 0 3 4 1 3 0 0 29 40 2336 16 15 1 1 1 Coal 2 2 9 4 18 25 Hydel 7 7 18 9 30 39 Renewable and Nuclear 1 1 2 1 5 8 Total Indigenous Supply 42 54 5654 72 88 176 233 21 7337 104 145 Total Energy Requirement Deficit as % of Total Energy Requirement 63 74 20 91 129 33% 27% 41% 57% 59% 62% Source: World Bank Study “Least Cost Development Program for Pakistan Power Sector” Source: Pakistan Energy Yearbook 2008 Note: Hydel = Hydro-Electric Confidential Business Information - United States Government Access Only 14

Critical Issues Facing Pakistan PAKISTAN ENERGY CRISIS Summary Electricity Deficit = 4, 000+ Megawatts 12 -14 Hours everyday without electricity as a result of “unplanned load shedding” Inability to process and preserve food due to lack of electricity Electricity deficit will only increase with no practical or viable short/mid-term projects on the table. Water Shortage = 29, 000 Gallons per Day 1 Every year 3 million Pakistanis get sick with water-borne diseases such as diarrhea, hepatitis and typhoid. More than a million of them die, including 200, 000 children under age 52 38. 5 million people lack access to safe drinking water 3 The World Bank warns the very viability of the nation is at stake. Gas Shortage = 1, 000, 000 Cubic Feet per Day Pakistan Petroleum Secretary, Mahmood Salim Mahmood, says the gap between gas demand supply stands at around one BCFD (billion cubic feet per day). A plan to import gas from Iran through a proposed pipeline would, at best, materialize in four to five years. 4 Oil Import Capacity Deficit = 6, 000 Tons Per Year Existing oil imports exceed existing import terminal design capacity of 9 Million Tons per annum (MTPA) 1 Karachi Pakistan alone 2 Source: Laura Lynch, Public Radio International, www. pri. org 3 Source: M. Haroon Bahlkani, Pakistan Observer, www. pakobserver. net 4 Source: Khaleeq Kiani, The DAWN Media Group, www. dawn. com Confidential Business Information - United States Government Access Only 15

Global Edison Pakistan Mission PRIME MINISTER GILANI Invites Global Edison to solve Pakistan’s energy crisis World Bank Summit: Global Edison and Cavalier Energy invited to join Pakistani Prime Minister Gilani for roundtable address at World Bank Headquarters on Pakistan’s energy crisis - leads to U. S. mission to solve energy crisis. Six Week Mission in Pakistan: The Pakistani Prime Minister, Minister of Water and Energy and Pakistan businesses asked Global Edison to come to Pakistan and help develop solutions. Global Edison President (center) assembled a team that spent six weeks in Pakistan meeting with citizens, business leaders, Governors, the Minister of Interior, Minister of Water and Power, Energy Council and Security council. Result: A Fast-Track Integrated Energy Plan to stabilize the Pakistan Government and end the suffering of the Pakistani citizens. Confidential Business Information - United States Government Access Only 16

Fast-Track Strategy FOUR KEY COMPONENTS to the Fast-Track Strategy 1. Existing Projects for Speed: v Find Existing Fast-Track Energy Projects 2. Government Approvals Already in Place: Pakistan Projects v International Competitive Bid Tendered and Awarded by Government 3. Construction not yet Started: v Re-engineer for U. S. Content 4. Re-Engineer Projects for U. S. Exports, Finance, Political Risk Insurance and Sponsors: United States Support v v v U. S. Equipment & Technology U. S. Management U. S. Supplied Fuels U. S. EXIM Bank Finance U. S. OPIC and MIGA Political Risk Insurance U. S. Sponsors Confidential Business Information - United States Government Access Only 17

THE FAST-TRACK STRATEGY Fast-Track Strategy Best Case Project Development Timeline Eliminates 36 months from Best Case Project Development Timeline S No. Extraction from Private Power and Infrastructure Board’s “Power Policy 2002” Activities Typical Time (Months) i Submission of proposal on raw site by the Sponsors - ii Review of proposal on raw site by the feasibility review committee 2 iii iv Posting of bank guarantee by Sponsors Issuance of the LOI by PPIB 1 1 v Initial time allowed to carry-out feasibility study/Term of the LOI vi Tariff negotiations between Sponsors and power purchaser viii ix x xi xii NEPRA’s approval of tariff Submission to PPIB of approved tariff Submission of Performance Guarantee Issuance of the LOS by PPIB Financial Close Construction of the Project Total Implementation Period 12 -24 3 6 0. 5 1 1 6 18 -30 52 -75 Source: Typical Timeline for Unsolicited Proposals in the Power Policy 2002 by the Private Power and Infrastructure Board. Note: Most of the independent power producers and public sector thermal power projects have slipped well beyond the stipulated timeline, with longest taking nearly 7 years for completion. Most of the public sector hydroelectric projects have also taken 7 -8 years for completion. The load shedding elimination target for the year FY 2014 appears highly ambitious. Note: LOI = Letter of Interest, PPIB = Private Power & Infrastructure Board, NEPRA = National Electric Power Regulatory Authority Confidential Business Information - United States Government Access Only 18

Fast-Track Team THE FAST-TRACK STRATEGY Developed over 18 months by prominent U. S. companies Global Edison KBR Project Development Project Management Baker Botts Deloitte & Touche Legal Accounting Exxon Genera Mobil Electric LNG Supply Confidential Business Information - United States Government Access Only Equipment Technical, Operation & Maintenanc 19

TWO CORE INTEGRATED PROJECTS Fast-Track Project Providing Electricity, Water, Oil & LNG Gas TWO CORE PROJECTS Power Plant Oil/LNG Terminal Benefits for the U. S. Government: 800 Megawatt LNG Fueled Power Plant (Phase One of Five) Two major fast track power plant projects that have already been tendered and awarded. They have now been combined into one larger and more efficient plant using U. S. gas turbine generators and water desalinization equipment. 1. This will result in a prominent, state of the art complex showcasing U. S. technology and industry. 2. A stable Pakistan Government backed by the people. 3. Increased positive perceptions of the United States on part of the Pakistani citizenry. 4. The cost to the U. S. Government… nothing. Results for the Pakistani Citizens: 1. 2. 3. 4. One fourth of the nation’s electricity (5 phases) Half the nations’ gas (2 phases) Most of Karachi’s clean water Much of this will happen in the first 18 months LNG and Oil Import Terminal (Phase One of Two) A licensed and engineered project to supply fuel to the power plant, existing gas grid and new major refinery already under construction. RESULTS Confidential Business Information - United States Government Access Only 20

Integrated Energy Plan INTEGRATED ENERGY PLAN To overcome any nation’s energy crisis, they must have an Integrated Energy Plan which balances all available energy resources with the energy needs of the country. The World Bank has funded an Integrated Energy Plan for Pakistan based on “Least Cost Development” to provide the cleanest, lowest cost, sustainable energy to the Pakistani citizens. To overcome Pakistan’s Energy Crisis, we must first start with the existing raw energy deficit, determine how the energy will be converted and supplied to the end user. This project has been developed within the World Bank’s Integrated Energy Plan for Pakistan. Confidential Business Information - United States Government Access Only 21

Integrated Energy Plan Existing Deficit PROJECT ENERGY FLOW Within World Bank Integrated Energy Plan Raw Energy Supply Energy Conversion POWER PLANT 4, 000+ Megawatts of Electricity Sea Water LNG Existing Oil Import Terminal at 100% Capacity with NO LNG Import Capability Energy Supply Added Deficit Eliminated Electricity 100% in 5 years Fresh Water 100% in 3 Years (Karachi) NAPHTHA LNG Most Potable Water in Karachi is Imported by barge LNG & OIL TERMINAL Crude Oil Fuel Oil Natural Gas Fuel Oil NAPHTHA CRUDE OIL REFINERIES 1 100% in 18 months Fuel Oil LPG Gasoline 100% in 2 years Diesel/Jet Fuel 1 Link: World Bank Study “Least Cost Development Program for Pakistan Power Sector” Confidential Business Information - United States Government Access Only 22

Integrated Energy Plan FAST–TRACK PROJECT RESULTS What the Pakistani citizens will see Phase I (18 Months) Electricity 500/800 The Project will benefit five of the most critical areas affecting the lives of Megawatts of new Pakistani citizens and businesses. power Water Gas (Phase II) 54 Million Gallons Per Day of clean, desalinated drinking water 2 Million Tons Per Annum of new Gas INTEGRATED In addition to almost a billion dollars in additional U. S. exports and the creation of almost 3, 000 American jobs, it can truly be said this one project will affect the lives of everyone in Pakistan. The majority of results will be realized in 18 months or less. Food Sufficient electricity to properly process and preserve food products. ENERGY PLAN Oil 120, 000 Barrels Per day import capacity increase Decreased Pollution Confidential Business Information - United States Government Access Only 23

Integrated Energy Plan FAST–TRACK PROJECT RESULTS What the U. S. Government will see during Phase I Exports $930 Million Positive Perception of U. S. by Pakistani Citizens Increased Stability of Pakistan Jobs 2, 700 Created American Industry Showcase Confidential Business Information - United States Government Access Only 24

PROJECT CURRENT STATUS ü Pakistan Approvals, Tariffs & Licenses in Place ü Project has been re-engineered for maximum U. S. content and efficiency. ü U. S. OPIC: 968 page application submitted for full Political Risk Insurance coverage by OPIC and MIGA ü U. S. EX-IM: 1, 834 page application for U. S. Export-Import Bank Financing complete, final review stage pending submission. Confidential Business Information - United States Government Access Only 25

NEXT STEPS What is needed now 1. Expedite the project through U. S. OPIC 2. Expedite the project through U. S. EX-IM 3. Expedite the project through MIGA Confidential Business Information - United States Government Access Only 26

Global Edison Corporation Rod A. Johnson President & CEO 415 E. Airport Freeway Fourth Floor Irving, TX 75062 (Office) +1 972 261 0000 (Mobile) +1 214 679 8600 U. S. GOVERNMENT AND U. S. BUSINESS CAN SOLVE PAKISTAN’S ENERGY CRISIS U. S. Businesses have brought forth this Executable Integrated Energy Plan to solve Pakistan’s energy crisis. We need U. S. Government support at US EXIM, OPIC, MIGA and other funding agencies to execute this plan and eliminate Pakistan’s suffering. Confidential Business Information - United States Government Access Only 27