EFTA01366621.pdf

Amendment #4 Page 192 of 868 Thar ,q. Key &wets of taresnabAe energy waifn'n Peru Energy demand in Peru has increased signnicarey cue to rapid industnabzaton a growing populat on and the expansion of be energontenesve riming sector The current capacity mix is already elmanly composed of clean energy sources with natural gas representing 29% and hydro etectnc representing 39% PIM irstanea capacny in 201d To turner promote generation from renewable sources, Peru otters several policy incentives including priority grid dispatch, 20% accelerated lax depreciaton and leanology-specgc auctions for renewable& The Peruvian government established renewable lechnosagy-speclic auctions in 2008 to support been At each auction, the Morsby of Energy and Mines, or the 'MINEIA,' defines the proportional part opeon of each type of renewable technotogy and awards 20-year PPM to developers who offer the lowest tare for a given technoccy There have been tour auctions since its nap:Acton and 58 biomass, hydroeeclric (less than 20 MW). sear and wiry proxies representing 882 We of capacity, have been awarded PPM !trough the aucton mechanism TM tooth auction is expected to be held in August 2015 In addition to the incertives outlined alsOve. Peru is tine d the few COJWICS In Latin ArnerCa with a SPOCIned rOnlnVOISC energy target The cerent target which was last se in 2008 and suttee to revision at the next review in May 2015. is set at 5% of Pews total electricity exiseription Hydroeiectric TM sae of the hydroelectnoty market In Peru has remained stable at above 3 2 GW over the past five years and presents substantial acqusion opportunities Peru cumulative hydro-electric energy generation capacity fin MVig, 2010-2016 GAGA' 1%, ate. 1.P 14M6 JARS lip SS 11 tele Sala Scum* Cortes New' &wior Finnic. Uruguay Since 2010, the instated based energy generation capacity in txuguay has increased from 2 7 GlirY to 3 1 GW in 2013. or a CAGR of 5% The chart below shows Uruguay's generation capacity fuel mix as of year-end 2013 Fuel tie Percentage Hydr0-01eCtric to5% QI 43 9% Biomass 81% Wed 1 5% Solar 0 02% Total 1000% 184 http://cfdocs.btogo.com:27638/cf/drv7/pub/edgar/2015/07/20/0001193125-15-256461/d78... 7/20/2015 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0058149 CONFIDENTIAL SONY GM_00204333 EFTA01366621