History, projects, outlook and prospects.

1. Inter RAO - Export:
Engineering and supply of power equipment
2016

2. 2
EngineeringInternational
Power TradingPower GridsRetail Power Supply
• The major power
distribution company in
Georgia (JSC Telasi);
• Over 520 000 ultimate
customers;
• Over 4,9 thousand km
of power transmission
lines.
• Russian strategic
operator of power exports
and imports;
• Electricity export in 2015:
17.5 billion kWh,
import: 1.46 billion kWh.
• 15 built and upgraded
power facilities in Russia
and the CIS (about 4.5
GW);
• Ongoing HPP and TPP
construction projects in
South America (1231 MW);
• Supply of power
equipment and spare parts.
• 35 GW in seven countries;
• 40 TPP and 9 small
cogeneration plants;
• 12 HPP (including 7
small HPP);
• 2 wind parks;
• Power output in 2015:
141 billion kWh;
• Heat output in 2015: 39.6
million Gcal.
• 12.7 million clients in 11
regions of Russia;
• 16% of the Russian
retail electricity market;
• Retail power sales in the
Baltic and Scandinavia;
• Power supply to large
enterprises.
• Energy audit and
energy management;
• Manufacturing of
cutting-edge lighting
systems;
• Development of
innovative technologies
for thermal generation.
Revenues 13,21
EBITDA 1,17
Net profit 0,39
Power Generation R&D and Energy
Efficiency
Company’s Overview Equity Ownership Structure
Financial Performance,
IFRS 2015 Statements ($ bln.)*
27.63%
20.09%
18.57%
28.79%
4.92%
Inter RAO Group
• A diversified international energy holding, one of the
major energy companies in Europe;
• About 60 thousand people employed;
• High priority for HSE policy. The environment
management system is certified pursuant to ISO
14001:2004 standard;
• Inter RAO is listed on MICEX- RTS, and the company's
Global Depositary Receipts (GDR) are admitted to trading
on the London Stock Exchange's International Order Book
(IOB).
Rosneftegaz Group –
27.63%
Inter RAO Capital -
20.09%
Free float – 28.79%
Federal Grid Company
Group – 18.57%
RusHydro Group – 4.92%
* Average exchange rate of USD to Ruble in 2015
was 60.96

3. 3
Омская ТЭЦ - 3
Tomskaya-1 CP
Construction of 15 MW gas-
turbine unit. Launched in
2012.
Kharanorskaya TPP
Construction of a coal-fired
unit, 225 MW. Launched in
2012.
Kaliningradskaya-2 CP
Construction of 450 MW CCGT
unit. Launched in 2011.
Gusinoozyorskaya TPP
Reconstruction of a coal-fired
unit, 210 MW. Launched in
2013.
Omskaya-3 CP
Construction of 85 MW CCGT
unit. Launched in 2013.
Ivanovo CCGT units
Construction of 325 MW CCGT
unit. Launched in 2012.
Urengoyskaya TPP
Construction of 474 MW CCGT
unit. Launched in 2012.
Sochinskaya TPP
Construction of 80 MW CCGT
unit. Launched in 2009
Dzhubginskaya TPP
Construction of 2 X 210 MW gas-
turbine units. Launched in 2013.
1 983 MW of new and upgraded facilities
to be launched in 2016-2017
Reference list of Inter RAO engineering projects
in Russia and the CIS
Yuzhnouralskaya-2 TPP
Construction of two CCGT units
with total capacity of 825 MW.
Launched in 2013-2014.
Nizhnevartovskaya TPP
Construction of 413 MW unit.
Launched in 2014.
Sangtuda-1 HPP (Tajikistan)
670 MW.
Launched in 2008-2009
Cherepetskaya TPP
Construction of two coal-fired
units with total capacity of 450
MW. Launched in 2014-2015.
Completed projects (4 498 MW launched)
Year (total
capacity)
Plant Type Fuel
Capacity
(increase),
MW
2016
(540 MW)
Zatonskaya
Cogeneration Plant (CP),
(Construction of units 1,2)
New
Gas
(CCGT)
420
Omskaya-3 CP
(replacement of a turbine)
Modernization gas 120
2017
(2079 MW)
Verkhnetagilskaya TPP
(Unit 12)
New
Gas
(CCGT)
420
Permskaya TPP
New
Gas
(CCGT)
800
Voronezhskaya-1 CP New
Gas
(CCGT)
223 Omskaya-5 CP
Reconstruction of steam-
turbine 98/18 MW. Launched
in 2015.

4. 4
Инжиниринговые проекты Группы «Интер РАО»
в России и СНГ
International Engineering Business Development
2009
• Start of power equipment exports to Cuba
2010
• Signing of the contract for supply of 13 gas-turbine units to Venezuela (total capacity
423 MW)
• Signing of the contract for construction of Toachi Pilatón hydro power complex in
Ecuador (254 MW)
2011
• Incorporation of Inter RAO – Export, LLC (a specialized subsidiary within Inter RAO
Group)
2013
• Signing of the contract for expansion of Termogas Machala TPP in Ecuador (from 130
MW to 308 MW)
2014
• Inter RAO – Export and a consortium of Argentine companies win the tender for
construction of Chihuido – I HPP in Argentina (637 MW)
2015
• Signing of the contract for construction of 800 MW of thermal power capacities in
Cuba (one 200 MW unit at Maximo Gomez TPP and three 200 MW units at Este
Habana TPP)

5. 5
INTER RAO – Export , LLC
Our services
• Supply of basic and auxiliary equipment;
• Equipment installation and commissioning;
• Power plant management, operation and maintenance;
• Service contracts;
• Project management (EPC/EPCM contracts);
• Single window for promotion of Inter RAO Group
companies’ goods and services.
• Experienced management team with a large portfolio of
completed projects;
• Growing portfolio of the company’s ongoing projects,
cooperation with major regional energy companies;
• Experience in raising project funding and use of
government support;
• Use of the best international management practice in line
with ISO 9001 standard;
• Strong and trust-based professional relations with the
governments and regulators in Russia and the countries of
the business reach.
Our advantages

6. Our Projects

7. 7
Supplies of miscellaneous equipment and spare parts
In 2009-2015 the Group performed 26 contracts for power
equipment supplies to Cuba
Customer: ENERGOIMPORT
Equipment:
• Equipment for boilers of thermal power plants;
• Circulation pumps;
• Supporting structures and accessories for transmission lines;
• Spare parts for equipment and auxiliary equipment for Maximo
Gomez TPP;
• Spare parts for equipment and auxiliary equipment for Este
Habana TPP;
• Spare parts and equipment for small hydropower plants.
Inter RAO Group is performing the contract for supplying of 13
gas-turbine units with total installed capacity of 423 MW to
Venezuela
Customer: PDVSA (represented by Bariven)
Equipment:
• 32.6 MW LM2500+G4 gas-turbine units (produced by GE;
some of them are completed with generators TTK-37
manufactured by the Russian company Privod);
• Under the order of Inter RAO – Export, LLC a new model of
electric power generator has been created. It is compatible
with GE gas turbine and designed for Venezuela’s power
network which operates at 60 Hz.
Supplies to Cuba Supplies to Venezuela

8. 8
Toachi Pilatón hydro complex in Ecuador
Supply of electric power equipment for a 254 MW Toachi
Pilatón hydropower chain.
Customer: State Company of Ecuador CELEC E.P.
Hydro complex structure:
• Alluriquín HPP, 204 MW
(Alluriquín substation, Toachi dam)
• Sarapullo HPP, 48.9 MW
(Sarapullo substation, Pilatón dam)
• Small HPP Toachi, 1.4 MW
Equipment:
• Hydro-power equipment (turbines, power generators,
transformers);
• Hydromechanical equipment (spillway gates, cranes, intake
screens, cleaning machines);
• Auxiliary equipment (electric and mechanical equipment);
• Equipment for 230 kV step up substations.
• The Customer provides funding using an export loan from
JSC Roseximbank extended against sovereign guarantees
of the Republic of Ecuador.
• For this project, the Customer signed an 11-year loan
agreement worth $123.3 million with a banking syndicate
including State Corporation Vnesheconombank, JSC
Roseximbank, JSC Gazprombank, Gazprombank
(Switzerland) Ltd. and Russian Commercial Bank (Cyprus)
Ltd.
Project Profile Funding

9. 9
Expansion of Termogas Machala TPP in Ecuador
Project Profile Funding
The project includes expansion of the existing Termogas
Machala thermal power plant by building a gas-turbine
power generation unit and a steam turbine. As a result,
Termogas Machala will be the first thermal power plant in
Ecuador to operate in combined steam-gas cycle. Its
installed capacity will increase from 130 MW to 308 MW.
Customer: State Company of Ecuador CELEC E.P.
Equipment and works:
• Design, delivery, construction, installation and launch of
an additional 6FA gas-turbine unit;
• Design, delivery, construction, installation and launch of
an additional steam-turbine unit;
• Construction of transmission lines;
• Expansion of two existing substations on turnkey
conditions.
• The whole project is valued at approximately $230
million.
• The Customer provides funding using an export loan
from Roseximbank extended against sovereign
guarantees of the Republic of Ecuador.

10. 10
Construction of 800 MW in Cuba (four 200 MW-units)
Project Profile Funding
In October of 2015 INTER RAO – Export, LLC and the Cuban
company Energoimport (forms a part of the State Power
Company Union Electrica) signed the contract for
construction of four 200-MW generating units at two
operational power plants in Cuba: one at Maximo Gomez
thermal power plant (town of Mariel) and three at Este
Habana thermal power plant (town of Santa Cruz del Norte).
Customer: State Cuban Company Energoimport
Equipment and works:
• EPC, organizational and management activities;
• Design of power equipment;
• Supply of the whole complex of principal and auxiliary
equipment;
• Installation of equipment;
• Commissioning and launch of the facilities
• The whole project is valued at 1.2 bln. Euros.
• The Customer will finance the project partially with own
funds and also using an interstate export loan.

11. 11
Prospects and strategic priorities
for business development of INTER RAO – Export, LLC
• In 2010 – 2015 the region’s total
installed capacity grew by 39.5 per
cent.
• By 2020 it is expected to increase by
28.8 per cent more, and the total
generation capacity is to reach 3 200
GW.
• The Latin American and Caribbean countries
are the main region of the company’s
presence (Ecuador, Cuba, Venezuela);
• According to projections for 2016 – 2025 the
total installed capacity will increase from 372.5
GW to 472 GW.
• The region traditionally has been the area of
presence of Russian power engineers;
• As of the end of 2015 the region’s installed
capacity was 262 GW, by 2020 it is expected to
grow by 21.8 per cent reaching 319 GW;
• According to forecasts, by 2020 the region’s
installed capacity will grow by 37.6 per cent
(to 129 GW).
• New promising markets: Ethiopia, Angola,
South Africa.
• Searching for projects with the view of participating as an EPC/EPCM-contractor and
supplier of equipment including the possibility of arranging target financing;
• Cooperation with sectorial companies and financial institutions in regional markets;
• Searching for investors interested in participating in projects of construction of generating
capacities;
• Promoting the products manufactured by Inter RAO Group’s companies.
Latin America
• New promising markets: Vietnam, Lao PDR, India,
Indonesia.
• New promising markets: Iran, Iraq, Egypt.
South and South-East Asia
Middle East Africa
• New promising markets: Argentina, Bolivia, Brazil.
Key areas of business development

12. 12
Inter RAO Group products and technologies
INTER RAO – Export, LLC represents the interests of Inter RAO Group for promotion of the products manufactured by
the Group’s companies to foreign markets
Innovative technologies in the sphere of repair and restoration of power
equipment, applied in the manufacturing facilities of Inter RAO – Coating
Application Centre LLC.
Manufacturing of 77 MW gas-turbine units 6FA, by Russian Gas Turbines
LLC which was established in 2011 as a joint venture between GE, Inter
RAO and United Engine Corporation.
Solutions in the field of monitoring and dispatch of electric grid complex,
elaborated in joint cooperation with the Inter RAO Power Efficiency
Centre basing on intelligent devices which monitor the dispatch of
electricity and heat.
LED technology solutions.