Our subsidiary ODAS ENERJI CA LLC, which was founded to operate within the borders of Uzbekistan, and NEGU (National Electric Grid of Uzbekistan), which operates under the Uzbek Ministry of Energy, have signed a contract, the scope of which includes the establishment of a natural gas fired combined cycle power plant in Uzbekistan with a total installed power of 174 MW and the sales of the electricity generated by the plant for 25 years for a USD index guaranteed sales price. Of the installed power of 174 MW for the power plant investment, 140 MW will be provided through the relocation of our Natural Gas Cycle Power Plant in Urfa. This will see almost all the income generated by our energy and mining activities become USD-indexed. We plan to commission the power plant in November 2021, and expect to see the impact of the new enterprise also in the Group’s EBITDA for Q4 2021.
Respectfully submitted to the public.
