Svetoch - for Investor

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status of the project - a credit line from the Czech bank. Need equity in the amount of 5 million euros.

status of the project - a credit line from the Czech bank. Need equity in the amount of 5 million euros.

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  • 1. Construction of a Gas-Piston Electric Power Plant to supply energy to JSC Yuzhuralzoloto Group of Companies» An invitation to finance the Investment ProjectVladimir VtulkinSvetoch Co.,PlastChelyabinsk region,RUSSIA October 2012 1
  • 2. EXECUTIVE SUMMARYOBJECTIVE – Construction and operation of a mini-HPP (Heat and Power Plant) intended forindependent power supply to Yuzhuralzoloto Group of Companies JSC.The budgeted cost of the project is – EUR 15.800.000.00The SCOPE OF THE PROJECT is: Строительство of a gas-piston electric power station accompanied by simultaneous production ofheat energy for commercial operations (external sale). Operation of two power plants: МAN Diesel & Turbo Model 18V32/40 PGI (SI) having a totalinstalled capacity of 15.7 MW Making provisions for a guaranteed sale of generated power for independent power supply to thegoldmine Tsentralnaya and other production facilities of Yuzhuralzoloto Group of Companies OAO(OJSC)Project Investment Phase Timing:Opening 01.12.2012Closing 30.12.2013 2
  • 3. PROGECT GEOGRAPHICAL LOCATION The project is being realized in the town of Plast, Челябинск the biggest gold-mining settlement of Chelyabinsk region. PlastLocated 128 km southwest of ChelyabinskHaving a population of ca.18 thousandThe inherent industries: Gold Mining Production of Arsenic, non-ferrous alloyed metals, porcelainclay (kaolin) Production of macadam and asphalt Woodworking and production of saw timber Bakery and confectionary industry 3
  • 4. Yuzhuralzoloto, a solvent and highly promising consumer Russian market share of 4% Annual production of over 5 tons Profit margin of 18-20 % Headcount of over 2116 Deposits: (Chelyabinsk region) Svetlinskoye, Bereznyakovskoye, Kochkarskoye, Zapadny Kurasan, Yuzhny Kurasan; (Krasnoyarsk Kray) Priisk Drazhny; (Republic of •Yuzhuralzoloto OAO (OJSC) is the biggest Khakasia) Kommunarovsky Rudnik (mine); (Zabaykalsky Kray) Darasunsky Rudnik (mine)gold-mining enterprise of Chelyabinsk region. •The company pursues economic activity all Production related power & heat requisitesacross the Russian Federation. of Yuzhuralzoloto OAO (OJSC) •The production potential of known gold kW Gcaldeposits of Classes В+С1+С2, being at the Electric power for the 10 212 -disposal of Yuzhuralzoloto OAO (OJSC), is Tsentralnaya mineestimated at 181.6 tons, which should last Heat supply for the Tsentralnaya mine - 6.958another 50 years given the current capacity of Heat supply for the town of Plast - 6.202gold mining. 4
  • 5. Production programThe project commodities are:• electric power with the voltage of 6.3 kV, frequency of 50 Hz.• hot water at the temperature (t) of 90/70oC to be supplied into the heat grid. Capacity, per hour Price, Y2010 Proceeds kW Gcal EUR/ kW EUR/ Gcal ‘000. Market segments EUR/ annum Preemption power supply – First Stage Power for Tsentralnaya gold mine 10 212 - 0.062 - 5 546 Heat supply for Tsentralnaya gold mine - 6.958 - 13.31 2 671 Total 8 217 Development prospects – Second Stage Power supply for Kachkar mine 2 529 - 0.062 - 2 711 Heat supply for the town of Plast - 6.202 - 13.31 2 381 Total 13 309 5
  • 6. Long-Term Supply Liability Contracts Signed• Corporate guarantee by Yuzhuralzoloto OAO (OJSC) – Preemptive consumption of 100% of electric power and 50% of heat as generated by the new station and the possibility of heat transit over into the town grid• Long-Term Agreement between the Project Originator and Yuzhuralzoloto OAO (OJSC) for the consumption of electric and heat energy, coming into effect after commissioning of the mini-HPP. – The term of the agreement is 25 years. Prices regulation is by established legally binding reference to the power industry deflator• Long-Term Supply guarantee by a Gas Supplier, Yamalgazresurs, LLC, till 2025 to the utmost extent necessary. – Prices regulation is by established legally binding reference to the power industry deflator• Invitation by the Plast district administration to supply heat energy – Heat supply contract preparation is underway 6
  • 7. MARKET SUBSTANTIATION OF PROJECT 7
  • 8. The 3 problems of power industry in Chelyabinsk region deficit of transfer capacity is45000 The installed capacity the case at all nodes of the of all Power Plants of regional grid the region is 4922.830000 MW.15000 The deficit of electric power in the region is Electric power generation 959 MW (over 20%) Electric power consumption 0 1990 2000 2002 2004 2006 2008 Deteriora Specific fuel The problem of the consumptio main competitor, the tion, % n, g/kW.h TGC-10 – is high Argayash CHPP 55 380.1 deterioration of facilities ratio being Chelyabinsk CHPP-1 60 390.6 the case with the Chelyabinsk CHPP-2 50 329.4 majority of the biggest Chelyabinsk CHPP-3 15 264.6 CHPPs and, consequently, high Chelyabinsk GRES 50 361.2 generation costs. 8
  • 9. Power sales prices and gas purchasing prices forecasts Forecast Year 2008 2012 2015 2020 2025Electric power: general consumer tariff (EUR 6.4 9.7 11.3 14.8 17.7cent per kW.h)Heat energy: 1.22 2 2.3 3.8 4.5regulated prices growth, timesNatural gas: general consumer price (USD 76.4 157 262 337 390per ‘000. cubic m) Source: The concept of long-term social and economic development of the Russian Federation, innovational development scenario Although it is likely that the generation profitability will be decreasing, THE PROFITABILITY MARGIN OF THE GAS-PISTON POWER STATIONS IS HIGH: To produce 1 kW of electric power it is required to consume up to 0.3 m3 of natural gas, In the current gas prices of 0.015 Eur/m3 we get 1 kW of electric power at a practically three times higher price - 0.062 Eur; - The heat of 1 kW generated by the mini-HPP may be considered as a bonus 9
  • 10. Energy sales prices, used in the projectSALES PRICE (VAT incl) 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022Price growth forecast, electricpower (EUR) 22% 18% 11% 6% 6% 5% 5% 11% 6% 5% 5%Electric power, EUR/kWh 0.05 0.06 0.07 0.07 0.08 0.08 0.08 0.09 0.09 0.10 0.10Price growth forecast, heatenergy 18% 20% 29% 22% 18% 15% 33% 25% 20% 17% 14%Heat energy, EUR/Gcal 9.3 11.1 14.3 17.5 20.7 23.9 31.8 39.7 47.6 55.5 63.4PURCHASING PRICE (VATincl) 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022Price growth forecast, gas 37% 15% 40% 22% 18% 15% 17% 6% 5% 5% 5%Gas, EUR/’000*Nm3 60 69 96 118 139 160 187 198 208 219 229Price growth forecast, oil 20% 15% 30% 22% 18% 15% 17% 6% 5% 5% 5%Oil, EUR/ton 60 69 96 118 139 160 187 198 208 219 229 The probability of cancellation of the project-related heat and power supply contract on the initiative of Yuzhuralzoloto OAO (OJSC) is extremely low, as tariffs for the power produced by mini-HPP are 10% lower than those of Chelyabenergosbyt OAO (OJSC) (the Local Grid Operator’s Sales Unit). Additionally, an invitation was received from the Plast Municipal District Administration to supply the heat into the Municipal Heat Grid. 10
  • 11. Project SWOT analysis 11
  • 12. Yuzhuralzoloto OAO (OJSC)’s electric power consumption quantities and profile Monthly requirements of electric power for supply to Tsentralnaya gold mine, (based on Agreement # 418 dated December 22, 2010 concluded between The required minimum installed capacity for electric Yuzhuralzoloto OAO (OJSC) Group of Companies and Chelyabenergosbyt OAO power supply to Yuzhuralzoloto OAO (OJSC) (OJSC)) Group of Companies for Tsentralnaya gold mine must be a minimum of 10 440 + 600 = 11 040 kW, # of month, 2011 1 2 3 4 5 6 where10 440 kW – is for the production site of 10219 11809 10108 9845 9312 9222 Tsentralnaya gold mine, # of month, 2011 and 600 kW shall be a heat & power plant’s 7 8 9 10 11 12 own consumption. 9635 9462 9343 9798 10144 10212 Results of a days measurement of electric energy consumption Time interval (Moscow time) 00.00-01.00 00.01-02.00 00.02-03.00 00.03-04.00 00.04-05.00 00.05-06.00 9360 9360 10440 9360 8640 8640 Time interval (Moscow time) 00.06-07.00 00.07-08.00 00.08-09.00 00.09-10.00 10.00-11.00 11.00-12.00 9720 9540 9360 10080 9900 9540 Time interval (Moscow time) 12.00-13.00 13.00-14.00 14.00-15.00 15.00-16.00 16.00-17.00 17.00-18.00 10260 9000 9360 9540 10260 8820 Time interval (Moscow time) 18.00-19.00 19.00-20.00 20.00-21.00 21.00-22.00 22.00-23.00 23.00-24.00 8820 8640 10800 9360 9000 9000As a result of the modernization and production capacity increase of Yuzhuralzoloto OAO (OJSC) in 2011, theelectric power requirement increased, and the 2012 forecast has it at 14 MW. 12
  • 13. Yuzhuralzoloto OAO (OJSC)’s heat energy consumption quantities and profile Seasonality of heat consumption by the Heat consumption unitwise / facilitywise units/facilities of Tsentralnaya gold mine Number of days in the Peak loads Kcal/h month, when the heat Total Heat sales, % of Unit / FacilityMonth consumption is: Heating Ventilation Hot water Kcal/h generated 100% 5% Gold Factory 172 063 271 868 1 992 031Jan 31 0 Mine 1 405 530 81 134 40 000 1 526 664Feb 28 0 100.0% Adm & Amenities 435 944 - 292 000 727 944Mar 31 0 BuildingApr 30 0 Complete refinery 718 338 718 338May 0 31 36.3% cycle factoryJun 0 30 Garage 557 107 16 000 573 107Jul 0 31 Mining toolsAug 0 31 11.2% 343 699 16 000 359 699 repair shopSep 6 24 Other 907 877 35 720 116 500 1 060 097Oct 31 0Nov 30 0 100.0% Total 6 957 880Dec 31 0 In order to meet the requirements of the Tsentralnaya gold mine facilities it is necessary to furnish 7 Gcal of heat capacity. During the heating season Yuzhuralzoloto OAO (OJSC) consumes 100% of the generated heat. During the no-heating season the heat consumption rate including the contribution to the municipal grid (hot water supply) is 25% of the generated heat. The transfer capacity of the corporate heat grid of Tsentralnaya gold mine id 16-17 Gcal of heat capacity. 13
  • 14. Substantiation of the technical solution choiceParameter description Rolls-Royce Sojitz Wartsila Austro Energy МAN Diesel Marine AS Corporation Finland Oy Systems Int.AG 18V32/40PGI В35:40V16AG 18MACH30G 16V34SG AES-16 G/SElectric power, kW 6790 5750 6970 3 916 7855Efficiency output at the 44.50% 44.90% 45.50% 41.90% 45.36%generator terminalsLead time, months 10 10 Up to 12 In stock 0-4Specific cost, EUR/kW 407.95* 589.12 552.36 546.26 432.84Total HPP price, EUR 5 540 000* 6 774 870 7 700 000 6 417 474 6 800 000Gas consumption Nm3/h 1 468 1290 1570 983 1773Specific gas 0.22 0.22 0.23 0.25 0.23consumption Nm3/kW.hOil burn-off, g/kW.h 0.4 0.5 0.4 0.3 0.29Voltage, kW 6.3/11 6.3/11 11 6.3 6.3 100 000 (noMTBO, h (yrs) not regulated 96 000 (12) 100 000 (12) 64 000 (8) overhauls envisaged)* The Rols-Royce delivery price, and, consequently, the specific cost calculation includes a gas-piston plant without accessories. 14
  • 15. Russian experience of MAN D&T Model 18V32/40 SI (PGI)gas-piston power unit application Customer name: Mezhregiongaz OAO (OJSC) Location: Tomlino settlement, Lubertsy district, Moscow region. HPP generating capacity: 23.4 MW Date of commissioning: Dec. 2010 Configuration: 3 x 18V32/40 SI(PGI) Current status: at present the construction of the power plant is practically completed, the systems are now under final adjustment 15
  • 16. MAN Diesel & Turbo SE Division’s assistance in project realizationIn the course of the project the supplier of the main processequipment (MAN Diesel & Turbo) provides assistance along thefollowing lines:•Personnel training in correct operating and maintenancetechniques. (Both for mechanical and electrical equipment).•Gas-Piston Combined Power Units maintenance and repair, aswell as supply of spare parts. MAN Diesel & Turbo has its own fullyequipped service center in Saint Petersburg, strongly staffed withwell-trained qualified personnel.•Complete elaboration of logistics for delivery of GP combinedpower units to the installation sites. Supplier has had experiencedelivering of a GP combined power unit model 18V32/40 SI (PGI) toa combined power plant’ construction site in the Russian Federation.•Equipment certification in compliance with Russian regulatoryrequirements. The equipments shipped to Russia will have allnecessary certificates and licenses.•Supply of all required engineering data.•Installation supervised by MAN Diesel & Turbo personnel isincluded in the scope of delivery. 16
  • 17. Gas-Piston Power Unit V32/40 SI (PGI) manufactured by MAN Diesel & Turbo. Technical datasheet.V32/40 SI (PGI) Advantages of Model 18V32/40 SI (PGI)Combustion process: Lean mixture Gas Piston Power Unit :Number of cylinders: 18 - High efficiency output of over 45%Power output: 8100 kW (750 rpm) - High MTBR and MTBM - Application of lubricants produced byCylinder diameter: 320 mm international concerns (Shell, Total) in the Russian Federation.Piston stroke: 400 mm - Local service center in Saint-PetersburgEngine shaft rotation 720/750 rpmspeed: - Full set of required documentation inAvg. piston motion 9.6/10.0 mps Russian.velocity:Avg. effective pressure: 22.4 barFrequency: 50/60 HzSpecific firing rate: 18V: 7540 кДж/kW·чThe PGI (SI) waste heat from the cooling loops and from the engine exhaust is re-usedfor heating and hot water supply. < 17 >
  • 18. Experience of MAN Diesel&Turbo Model 32/40 PGI (SI) gas-piston power unit applicationA CHPP (combined heat and power plant) on the basis of a GP PowerUnit model 12V32/40 PGI (SI) operates at a MAN Diesel & Turbofactory in AugsburgLocation Augsburg, GermanyCompany MAN Diesel SEType of unit CHP (Combined Heat and Power Plant)Purpose - A power source for the MAN Diesel factory, primarily for an electric arc furnace (EAF) of the MAN Diesel Foundry - Heat for the factory heating systemType of engine 12V32/40PGI Cylinder diameter: 320 mm Piston stroke: 400 mm Engine shaft rotation speed: 750 rpmOutput 5 400 kW max. 5 220 kW op./50 HzYear of installation 2005 MAN Power Plant inOperation Starting the middle of 2005 at full capacity (24 h/day) Augsburg, Germany Total of installed capacity on the basis of the model spectrum of 94 MW 32/40 PGI (SI): 24 MW for Mezhregiongas OAO (OJSC) (in Russia), Out of which in the CIS: 48 MW for Altcom Industrial Group (in the Ukraine) 18
  • 19. Project Cost The Cost of the Project is EUR 15,761,000.00 Gas-Piston Power Generating Unit MAN D&T Газопоршневая электростанция Mitsubishi MAN DT 7491 Process networks of the Power Generating Unit Технологические сети электростанции 1620 The Gas-Piston Power Generating Unit building Здание ГПЭС 1089 Объекты энергетического facilities Power system хозяйства 913 Теплотехническое оборудование, распределительное Incl. EQUIPMENT andThermotechnical equipment, distribution device, backup diesel 796 устройство, аварийный дизель TECHNOLOGY for engine EUR 12,944,000.00 External pipelines and networks Наружные инженерные сети 208 Exhaust pipes Дымовые трубы 143 Project design and engineering; Insurance Проектные работы, инжиниринг, страхование 684 0 19
  • 20. INFORMATION ON THE PROJECT TEAMVLADIMIR ANATOLIEVICH Higher education in the field of Business Administration. Work VTULKIN experience in the sphere of management and business administration for over 15 years.Chairman of the Board of Directors Experience in managing a Group of Companies, creation of of Svetoch OOO (LLC) manufacturing enterprises from scratch. Experience in foreign economic activity. VLADIMIR SERGEYEVICH Higher education. PAVLOV Work experience in the sphere of management and business administration for over 20 years. Director for construction of Svetoch OOO (LLC)VYACHESLAV VLADIMIROVICH Higher education in the military and financial fields. Has LUGININ entrepreneurial experience and that of interaction with investors in major investment projects, participated in attracting debt financing Deputy General Director for and direct investments. finance of Svetoch OOO (LLC) 20
  • 21. Sources and financing schedules of the project PROJECT COST – EUR 15 761 000 BANK LOAN EQUITY EUR 12 944 000 EUR 2 817 000 8000 7000 6000 bank loan EUR 1 665 000 5000 82% working capital 4000 EquityEUR 12 944 000 18% 3000Equipment and EUR 1 152 000 2000 technology interest on loan 1000 0 Q1 2013 Q2 2013 Q3 2013 Q4 2013 Q1 2014 interest on loan 1152 working capital 5 9 8 537 1106 investment in equipment and 2213 7144 1668 1919 technology 21
  • 22. Project realization schedule: investment phase 14 months,operational phase 20 years 22
  • 23. Project revenue and sufficiency for servicing of the loan The operating balance is sufficient for repayment of loan andProject earnings are sufficient for loan repayment related interest Owner’s revenue EUR 1 525 000 23
  • 24. Project economic indicators Proceeds breakdown Expenditures breakdownHeat energy Taxes Amortisation 9% 5% Salaries 1% 20% 64% Operating costs Materials Electric power 24
  • 25. Project financial indicators By period Accrued totals 18000 45000 16000 40000 14000 35000 12000 30000 25000 10000 20000 R U E 0 8000 RUE0 15000 6000 10000 4000 5000 2000 0 0 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 Cash closing balance EBITDA accrued Proceeds Costs Net profit EBITDA Net profit accrued 25
  • 26. Project cashflow forecast, EUR ‘000 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021Sales proceeds 1 185 11 461 12 909 13 877 14 264 15 239 15 130 16 301 17 808 18 403Operating costs -498 -4 566 -6 046 -7 748 -8 964 -10 362 -11 703 -12 292 -13 103 -13 839Taxes -2 -307 -2 406 -2 153 -1 871 -1 731 -1 218 -1 429 -1 679 -1 631Interest on loans -1 621 -744 -485 -227 -32Operating balance 684 4 967 3 713 3 490 3 203 3 114 2 209 2 581 3 026 2 933Investments in buildings and -11 025 -1 919equipmentWorking capital investments -541 -1 106Investments balance -11 566 -3 025Target financing 559 1 106Loans taking 11 025 1 919Loans repayment -1 618 -3 236 -3 236 -3 236 -1 618Financial balance 11 584 1 407 -3 236 -3 236 -3 236 -1 618Total closing cashflow 702 3 349 477 254 -33 1 496 2 209 2 581 3 026 2 933Total Cashflow, ACCRUED 702 4 051 4 528 4 782 4 749 6 245 8 454 11 035 14 061 16 994 26
  • 27. P&L forecast, EUR ‘000 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021Net proceeds 1 004 9 713 10 940 11 760 12 088 12 915 12 822 13 815 15 091 15 596 - Cost of services -423 -4 756 -5 934 -7 282 -8 242 -9 371 -10 454 -10 905 -11 549 -12 133provided/goods sold Operating costs -421 -3 866 -5 119 -6 561 -7 590 -8 774 -9 910 -10 409 -11 096 -11 720 Taxes, attributed to -2 -14 -18 -21 -25 -29 -29 -29 -29 -29 current costs Amortisation 0 -877 -797 -700 -627 -568 -515 -467 -423 -384Gross profit 581 4 957 5 006 4 478 3 847 3 544 2 368 2 910 3 543 3 462 - Taxes, attributed to financial -54 -211 -168 -142 -127 -113 -101 -90 -80 -71result- Interest payable 0 -1 621 -744 -485 -227 -32 0 0 0 0Profit before taxation 527 3 125 4 095 3 851 3 494 3 398 2 267 2 820 3 462 3 392- Profit tax -130 -1 139 -1 161 -1 041 -893 -823 -544 -677 -831 -814Net profit 397 1 986 2 933 2 810 2 601 2 575 1 723 2 143 2 631 2 578Net profit, ACCRUED 397 2 383 5 317 8 127 10 728 13 302 15 025 17 168 19 800 22 377EBITDA 527 5 622 5 636 5 037 4 347 3 998 2 782 3 287 3 886 3 775 27
  • 28. Economic efficiency indicators Unit of Indicator description Indicator valueDR measurementDR (Discount rate) % 20DPP Years 6.15NPV (residual project value EUR ‘000 3 319considered)ROI % 27.8IRR % 30.8 28
  • 29. PROJECT IMPLEMENTATION DIAGRAM Svetoch ООО/LLC (Customer) Credit agreement CEB (Czech Export Bank) ЕРС-Contract Loan insurance agreement Czech ЕРС-Contractor ‘ALTA’ EGAP Stroytsentr D&E agreement/general design МАN Diesel & Turbo (GP OOO MP (local ООО Proyektnaya kompaniya Power Unit) contractor) D&E agreement/foundations ООО МП Stroytsentr Siemens, (VA, DCS), Чехия D&E agreement/CHS, WChem ООО МП Stroytsentr ABB (electric equipment), Чехия D&E agreement OSG/ОРУ-110 ООО EnergoStroyProyekt Ventil, Heating, AC agreement FANS (water cooling tower), ООО МП Stroytsentr Czech Rep PCS agreement ООО YuITs WTF installation agreement JURBY (WPP) ЗАО United Water Tech Insurance Electrics CIO agreement (Ob’edinonnye Vodnye Tekh) CKO (compressor), CZH company ООО МП Stroytsentr Total insurance CIO agreement heating equipm. agreement for ООО МП Stroytsentr Crane Civil work agreement transportation and ООО МП Stroytsentr CMR risks Gas pipe install.agreement EHB, Чехия Steelwork delivery and install agreem ООО Trubenergoservis ОАО ChPN Other equipment Malakut Steelwork refractory & corros resist coating agreement ООО Aleks (insurance Foreign work/services/to observe Commissioning and adj agreement requirements of OESD, subsidiary HPP Insurance broker) ООО YuITs Delivery & customs clear. organization agreement ООО WerktorfShipments, work, services of foreign suppliers/contractors Shipments, work, services of Russian (local) suppliers/contractors 29
  • 30. Current stage of project implementationLand allocation permit for a land plot of 5000 m2 has been obtained. The plot addressis:the town of Plast (Chelyabinsk region) Shakhtny pereulok (lane).Analysis and expert assessment of fuel consumption by the mini-HPP have beenperformed. Thermotechnical calculation of gas requirement has been approved byUraltransgaz OOO (LLC) (city of Yekaterinburg).Technical possibility of gas supply to the Power Units of mini-HPP has been established.The Gazproyekt Institute has prepared a Hydraulic calculation of the possibilities of supplyof the necessary gas volumes. A Gas Supply Agreement №130/10 has been concludedon Aug 18, 2010.Uraltransgaz OOO (LLC) has issued A certificate on technical possibility of natural gassupply for the currently operating, being newly built, being expanded andmodernized fuelconsuming plants of Ministries and departments of Russia № 01-10/27-209 dated Feb. 26, 2008Chief Engineer Yu. P/ Maltsev of Chelyabinskgazkom OOO (LLC) has received andapproved the technical specification dated July 01, 2010 for the connection to the gaspipeline at the pressure of 0.6 MPa and connection diameter of 159 mm.The complete design and engineering task has been fulfilled including the layout of theequipment of the power units of the mini-HPP on the installation site, specification ofinterconnections with electric, heating and gas grids. The solutions have also beenelaborated regarding the water supply and sewage. Complete estimation calculations havebeen performed. Construction permit has been applied for and is now being obtained. 30