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Solar Thermal Generation, Delivered Today

Executive Summary
5/18/12

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Table of Content
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Abbreviations
- EPC : Engineering, Procurement and Construction - EPCM : Engineering, Procurement, Construction and Management - CSP : Concentrated Solar Power - CPV : Concentrated Photovoltaic - HFO : Heavy Fuel Oil - LFO : Light Fuel Oil - O&M : Operations and Maintenance

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SUNTROUGH ENERGY | Our Vision


Our Vision

Be THE Affordable CSP Solution Provider of Packaged Concentrated Solar Thermal and larger-sized Integrated Solar Combined Cycle power plants to the developing world, Be THE Affordable and Adapted Energy Solution Provider for remote and underserved areas Deliver innovative combined Solar Thermal and Conventional Power and Water Desalination solutions, Stimulate local economic growth and employment in Middle East, Africa and Asia through manufacturing, assembly and power plant operations.

Achieving our Vision

Design small-scale, standardized and containerized 5MW and 10MW solar thermal power plants that are built in a factory and delivered to a site rather than constructed on a site. Focus on Distributed Generation for baseload and peakload solutions to overcome problems with site selection, and to decrease transmission line costs and energy losses.

Establish regional presence through Industry partnerships, manufacturing centers and to technology leadership to build a vertically Privileged & Confidential incubate solar55 integrated global solar energy company

SUNTROUGH ENERGY | What We Offer


TO OUR END-USER CUSTOMERS
Small-scale, affordable containerized solar thermal power plants built in a factory that can be deployed and commissioned quickly and future large-scale solar thermal power plants with thermal storage and Integrated Solar Combined Cycle (50MW 200MW). Power plants that easily accommodate hybridization with natural gas, biomass or other fuel boiler / steam generator Turnkey conventional power plants with diesel engines or gas/steam turbines to allow 24/7 power generation. Small-scale Containerized CSP platform for water purification, desalination, chilling and cooling, and process steam solutions Access to funding and line of credits from Government and NGO institutions

TO OUR EPC PARTNERS


Technical know-how to install solar thermal power plants as well as conventional fossil fuel power plants Strategic relationships with World Bank, ADB, other NGOs and end-users. Strong pipeline of projects of 1.2 GW over the next five years.

TO OUR INDUSTRIAL PARTNERS


Technical know-how to commission Turnkey Solar Thermal and Conventional power plants, manufacture solar field components and to design and assembly of completely packaged solar thermal power plants

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SUNTROUGH ENERGY | Business Areas


Suntrough Energy is active in three Business Areas as it strives to offer complete solutions for power generation and distribution: Business Areas Core Business: EPC of
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Solar Thermal Energy Power Plants using proprietary Parabolic Technology based on new product class of Packaged CSP. Secondary Business: EPC of Conventional Fossil Fuel Power Generation Solutions based on existing technologies.

Complementary Business: EPC of Transmission and Distribution grids in order to be able to deliver the Privileged & built power new Confidential
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SUNTROUGH ENERGY | Solar Thermal Power Plants Packaged CSP New Product Class

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SUNTROUGH ENERGY | Solar Thermal Power Plants Packaged CSP New Product Class

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SUNTROUGH ENERGY | Solar Thermal Power Plants CSP Parabolic Trough Proven & Low Risk Technology and proven parabolic trough technology with Over 25 years mature
conventional power block elements

Typical hybrid parabolic trough CSP plant layout Privileged & Confidential 10

SUNTROUGH ENERGY | Fossil Fuel Power Plants


Suntrough Energy offers a well proven fossil fuel technology where it is technically and financially viable to meet customer needs and demands.

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SUNTROUGH ENERGY | Fossil Fuel Power Plants


Suntrough delivers power solutions that is the most technically and economically viable:
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Services: Suntrough Energy offers its customers EPCM services for conventional fossil fuel power plants thanks to its expertise and existing relationship with suppliers globally. Solutions: Depending on the type of fuel available, project size, need for power, and availability of engines/turbines Suntrough Energy offers the most convenient solution in an island mode (off national grid) or parallel mode (grid connected). Fuel Type: Natural gas, HFO, LFO , Diesel, bio-fuel, Liquified Natural Gas, Crude Oil, or Dual Fuel.

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SUNTROUGH ENERGY | Approach


Suntrough Energy Provides the most suitable solution

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SUNTROUGH ENERGY | Demonstrated Execution Capability


An experienced team capability in the field

with

demonstrated

Suntrough Energy's management team has successfully developed traditional and renewable power generation projects
eSolar Sierra SunTower (5.0 MW Power Tower; first commissioned in US) Designed and developed CPV technology 50 + Fossil Generation Plants projects (10 GW of total generation)

Significant project development experience including permitting, interconnection, land acquisition, and plant construction

5,000 acre portfolio of desert land for solar and wind generation projects 1 GW project pipeline of solar thermal plants across the SW US Black and Veatch construction and project management experience Alstom engineering experience

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INDUSTRY OVERVIEW | CSP Technology options


Technolo gy
Parabolic Trough

Key characteristics
Parabolic mirror focuses sunlight on Hot fluid generates steam via heat
exchanger, driving steam turbine receiver tubes containing heat transfer fluid (synthetic oil)

Assessment
Commercially proven technology, first
plant build started in 1980s ranges; economies of scale

Modular, can cover large capacity Relatively low overall efficiency Low temperature limits prospects of onsite energy storage*

Energy storage through molten salt reservoir possible 1-axis tracking system follows sun path Temperature range 390 C to 415 C
possible

Power Tower

Efficiency range 10% to 18%, capacity factor ~30% (without sun individually (2 Heliostat mirrors trackstorage)
axis) and focus sunlight on central receiver unit on top of a tower from tower drives steam turbine (potentially via heat exchanger) reservoir

Technology rapidly evolving through


several pilot plants on ground/under construction (e.g., Abengoa, Sener), market readiness expected ~2010

High temperature steam or molten salt Energy storage through molten salt Temperature range: 250 C to 600+ C Efficiency range: 10% to 25%, capacity

High temperature allows better

integration ofon-site energy storage and direct steam technology

factor ~32% hot and a cold on-site storage tank for Heat Transfer Fluid (HTF) allows extension of Energy storage: installation of a (without storage) operation before and after hours with sufficient solar insolation by powering the steam turbine with a flow of the HTF from hot to cold tanks; efficiencies increase with initial temperature of HTF (i.e., higher temperature gradient between hot and cold reservoirs)

Not yet commercially proved High temperature might entail high


O&M costs*

Sources: Emerging-Energy-CSP-report, Abengoa; team analysis

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INDUSTRY OVERVIEW | CSP Technology options


Technolo gy
Linear Fresnel

Key characteristics
Flat mirrors (w/Fresnel lens) focus
sunlight on receiver tubes that heat transfer fluid (usually synthetic oil) or directly steam, which is then used to drive steam turbine (use of synthetic oil: heat exchanger step interconnected)

Assessment
Flat mirrors, frames, and receivers
signifi-cantly cheaper than parabolic configuration im-provements ongoing, market readiness ~ 2015

System feasibility is proved, technology

1-axis tracking system to follow sun path Temperature range: 270 C to 500 C Efficiency range: 15% to 25% (unproved),
capacity factor ~20% (without storage)

Modular, can cover wide capacity ranges Commercially unproved Low temperature limits prospects of onsite energy storage*

Dish Stirling

Parabolic concentrator comprised of

multiple heliostat mirrors focuses sunlight on concentrator heated and expands in cylinders whose movements drive generator

Highest efficiency potential Modular, suitable for decentral


generation

Self-contained gas in concentrator is

Commercially unproved Limited number of developers, slower

Temperature range: 750 C to 800 C Efficiency range: 16% to 29%, capacity


factor ~22% (without storage)
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technology advances, market readiness expected only after 2015 O&M costs

Complex mechanics might result in high

Energy storage: installation of a hot and a cold on-site storage tank for Heat Transfer Fluid (HTF) allows extension of operation before and after hours with sufficient solar insolation by powering the steam turbine with a flow of the HTF from hot to cold tanks; efficiencies increase with initial temperature of HTF (i.e., higher temperature gradient between hot and cold reservoirs)

Sources: Emerging-Energy-CSP-report, Ausra, Stirling Energy Systems; team analysis

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INDUSTRY OVERVIEW | CSP Technology Advantage Over Photovoltaic (PV)


> 1000 MW Parabolic trough CSP installed capacity in the US and Europe successfully operating for over 25 years
Suntroughs implementation of Solar Thermal offers unique advantages

Provides 24 hour baseload power generation capability from the same capital equipment. PV needs a primary power source Suntrough provides a lower capital cost than PV and much lower project LCOE Solar Thermal provides greater grid voltage stability with a spinning reserve from rotating equipment Flex hybrid fuel capability can allow use of cheaper fuels than diesel Suntroughs plant architectures provide optional water desalination and chilled water as by-products from the waste-heat

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INDUSTRY OVERVIEW | Suntrough Energy Core Solution Advantage Over Other CSP Offerings
Standardized product designs and containerized Balance of Plant in a factory removes significant construction risk.
Custom Packaged sizes: 2.5MW, 5MW and 10MW.

Parameter
Minimum Economic Size Time to commissioning(*) Minimum Land Requirement Transmission Cold Startup time Turbine Inspection Time Scalability & Modularity
(*) From ground breaking

Suntrough Energy Current CSP Industry


5 MW 6 months 30 acres 350m x 350m 12 kV, 33 kV, or 66 kV distribution 5 minutes 4 hours Infinite in 5 MW Increments (Wind Energy Model) 50 MW 2 to 4 years >300 acres 1,100m x 1,100m 230 kV HVL 40 minutes to 1 hour 2 weeks Seriously constrained

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INDUSTRY OVERVIEW | The Market Opportunity For Concentrated Solar Thermal


The offered CSP power plants are large and thus the industry is not tapping into a $24 Billion market:
Replacement for Diesel & Gas Generators worldwide

225 GW installed capacity; > 5 % of global power production Annual savings: 500,000 gallons of diesel from each 2.5 MW CSP Potential Market:$3.75 Billion Annually 1.6B people living in 5M villages in the world still have no electricity Potential Market:$10 Billion Annually

Power generation for remote or underserved areas

Increasing compliance with mandatory renewable generation targets in sunbelt cities and regions

Placing CSP generation in 2.5MW, 5MW or 10 MW clusters closer to loads Avoid transmission bottlenecks and land scarcity Potential Market:$5 Billion Annually Oil refineries, chemical plants and existing CC & SC power plants Potential Market:$2 Billion Annually More than 7% of global power generation > 300 GW is used for water Potential Market:$3 Billion Annually

Steam for industrial processes & cogeneration

Power for water pumping, distribution and desalination

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VALUE PROPOSITION | Strategic Global Relationships


International Agency

DESERTEC / Dii EUMENA Foundation USAID & USTDA The World Bank US EXIM Bank Overseas Private Investment Corporation (OPIC)

Government

International Agency & Government Access

Indian Ministry of New & Renewable Energy Tunisian & Algerian Ministries of Energy Egyptian Ministry of Energy Saudi Investment Authority

Technology Partnerships

Turbotech Shin Nippon Matrix Solutions Kiewit/TIC IDOM Versa Engineering

Committed Partnerships with Proven Technology Providers

Local Partners for Successful Execution

Local Partnerships

Transtech Solar Aditya Birla Group Helios Energy Azure Power Acira Solar STEG International Buksh Energy KIPCO

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VALUE PROPOSITION | Global Presence


Regional offices setup with well established regional partners.

Headquarters 9400 Lurline Avenue, Chatsworth, CA

Khalid Bin Al-Waleed St. Al-Shaheed Tower 5th Floor Sharq, Kuwait City, Kuwait

Johannesburg, South Africa

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VALUE PROPOSITION | Strong & Recognized Leadership

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VALUE PROPOSITION | Demonstrated Execution Capability


Project Name Project Location
Area
Palodi Development Pipeline Development Pipeline Sierra Solar Generating Station (Pilot) Indralaya 4 Combined Cycle Addition Taiyanggong Cogeneration Project Shanghai Shidongkou CC Project Jinling CC Project Shanghai Chemical Industry Park Cogen Tanjung Jati B CA Sumatera Beijing Shanghai Nanjing Caojing Jepara Rajasthan

Technology

Project Size
in Megawatts

Country
India Worldwide Worldwide USA Indonesia China China China China Indonesia Malaysia China China China USA USA Australia Thailand Parabolic Trough Parabolic Trough Solar Power Tower Solar Power Tower 2X1 Combined Cycle 2X1 Combined Cycle 3X(1 on 1) Combined Cycle 2X(1 on 1) Combined Cycle 2X(1 on 1) Combined Cycle 2X660 MW Pulverized Coal 2X500 MW Pulverized Coal 2X350 MW Pulverized Coal 2X600 MW PC (Supercritical) 2X350 MW Pulverized Coal 2X150 MW Fluidized Bed 1X600 MW Pulverized Coal 1X240 MW Pulverized Coal 2X300 MW Oil (Supercritical)

5.6 5-10 MW Per Unit 46MW Per Unit 7.5 40 700 1050 700 700 1320 1000 700 1200 700 300 600 240 600

Sultan Salahuddin Abdul Aziz Power Station Phase Port Kelang III Yuzhou Thermal Power Plant Henan

Shanghai Shidongkou Second Power Plant Phase IIShanghai Nantong Thermal Power Plant Phase II Cedar Bay Generating Station Indiantown Generating Station Collinsville Generating Station Phase II Krabi Generating Station Nantong Jacksonville, FL Indiantown, FL Queensland Krabi

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VALUE PROPOSITION | Demonstrated Execution Capability


Project Name
Clover Power Station Kladno Power Station Expansion Malaya Generating Station Privatization San Miguel Electric Control System Conversion Naga Generating Station Privatization Allegheny Power General Services Medicine Hat Steam Turbine Addition Support of Six (6) Proposals by TBV Power Ghazlan Expansion Project Clover Power Station Elk River Station RDF Conversion Intermountain Power Project Rawhide Energy Project Louisa Generating Station Bang Pakong Operator Training Simulator Riverside 7 AQCS Addition Seminole Station

Project Location
Area
Clover, VA Kladno Malaya Christine, TX Cebu Western PA Alberta Mideast & UK Ghazlan Clover, VA Elk River, MN Delta, UT Fort Collins, CO Muscatine, IA Bang Pakong St. Paul, MN Konawa, OK USA Czech Rep. Philippines USA Philippines USA Canada Various Saudi Arabia USA USA USA USA USA Thailand USA USA

Technology

Project Size
in Megawatts

Country
2X410 MW Pulverized Coal 1X210 MW Fluidized Bed 2X300 MW Waste Oil 1X420 MW Pulverized Coal 2x60MW PC, 2x17MW SC, 6x7.5MW Various 1 X 30 MW Steam Turbine Combined Cycle, PC and Oil Combined Cycle, Gas and Oil 2X410 MW Pulverized Coal 2x5MW & 1x10MW Waste-to-Energy 2X850 MW Pulverized Coal 1x250MW Pulverized Coal 1x650MW Pulverized Coal

820 210 600 420 200 30 2755 2400 820 20 1700 250 650

High Fidelity Power Plant Simulator Dry Scrubber and Baghouse Addition 3x540MW Gas 1620

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MANAGEMENT TEAM
Asif Ansari, CEO & Founder

Life-long proponent of solar energy and a serial entrepreneur for over 20 years Founding CEO of eSolar Inc, one of the most successful utility-scale solar thermal companys today Founded over a dozen successful companies in aerospace, alternative transportation, & manufacturing Led the successful development and commercialization of over 40 products in the clean-tech and aerospace including:

The Lunar Prospector Spacecraft successfully launched in 1998, completed a two year lunar resource mapping mission the Sunflower CPV product at Energy Innovations pioneered hydraulic compression technology for hydrogen & natural gas at OGreen Compressor

Co-founder and former CEO of Omni Systems, a Los Angeles based aerospace company Co-founder and COO of Tesla Technologies, worlds leading manufacturer of CNG transportation equipment including CNG & Hydrogen compressors, dispensers, priority panels and control valves Co-founded of OGreen Compressor and Eco-Fueler, Oregon based companies that designs and manufacturers small CNG & hydrogen compressors and the first small CNG vehicles BS in Mechanical Engineering and a MS in Mechanical Engineering from the

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MANAGEMENT TEAM
Mark Fournier, EVP Project Management

Over 30 years of global experience as a project manager responsible for all phases of power plant design, development and construction

Formerly the SVP of Projects Development at eSolar where he led the development of a 1 GW project pipeline of solar thermal plants across the SW US

Formerly Vice President and Senior Project Manager at Black & Veatch, a leading global engineering & construction company

Served on more than 50 power plant projects, representing more than 10 GW of total generation

Rich international experience having served in lead roles on power projects across North America, the Middle East, and the far East specifically including Saudi Arabia, China, Indonesia and Malaysia

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MANAGEMENT TEAM
Kwon-Kyun Chung, Chief Financial Officer

Over 14 years of experience in the energy/power sector as principal investor, financier, developer, and entrepreneur

Executive Vice President at Quantum Clean Energy, energy startup, responsible for establishing all aspect of operations, preparation of offering memorandum and fundraising

Helped raise $3 billion at Alinda Capital Partners and responsible for the origination of and investments in energy and infrastructure projects of over $2 billion

Responsible for the capital budget of the Sithe Energies global assets and managed its corporate and project financings of over $2 billion

Developed, arranged, financed ($1.25 billion) the construction ofone of the largest merchant power plant in the US (1,500 MW)

Advised and financed over $2 billion in power and energy transactions at Dresdner

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MANAGEMENT TEAM
Fazal Chaudhry, Chief Development Officer

Over 30 years of global experience as an entrepreneur, project developer, in construction management, and regulatory affairs in the Middle East, Canada and the US

Spearheaded the largest cluster of renewable energy projects in the world in the Antelope Valley region of CA by mobilizing city governments, politicians and the industry

CEO of CMF Land development leading the site acquisition, development and permitting of over 5000 acres of desert land for solar and wind projects

Oversaw the construction of the first tower solar thermal project at eSolar that won the engineering project of the year in 2009.

Spearheaded Land Acquisition & Development at eSolar: sited, permitted, and acquired land for the future of eSolar's utility scale power generation for twelve sites in the County of Los

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MANAGEMENT TEAM
Philip Lee, EVP Engineering

Over 20 years of experience in engineering design and build in industries ranging from aerospace to roller coasters

Led the engineering efforts to custom design, build and install multi-million dollar ride systems for Universal Studios

Formerly the Director of Engineering at Energy Innovations and led the engineering teams that created the first ever UL listed solar tracking concentrator

Personally designed and manufactured several custom camera systems for use in video game applications

Holds multiple patents on a variety of hardware systems BS in Engineering and Applied Science from the California Institute of Technology

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MANAGEMENT TEAM
Wayne Stevens, Chief Operating Officer

Over 25 years experience in aerospace, finance, and co-founded over a dozen successful US and International technology companies

SVP Operations at eSolar; managed Site Acquisition, Project Development, Permitting, Finance and manufacturing functions from beginning of company through project development hand-off to NRG

Financial oversight and management of large engineering projects up to $300 M Managed development and commercialization of over 20 products in aerospace and clean-tech markets

Co-Founder and President of Omni Systems, Co-Founder and EVP of Operation & Finance of Eco-Fueler, first ground-up CNG car in the US

BSME, Purdue University; MBA, University of Chicago

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