HYDRO Power
GIBE III, 1870MW in Ethiopia
ENGIE Group
The new name of GDF SUEZ
ASEM Seminar
Renewable Energy
22 May 2015, Ulaanbaatar
ENGIE
A leading global energy player
Key Metrics
ENERGY INTERNATIONAL
30%
 €74.7 billion revenues in 2014
 €12.1 billion EBITDA in 2014
 Present in 70 countries
 152,900 employees worldwide
ENERGY SERVICES
9%
ENERGY EUROPE
16%
€12.1bn
EBITDA
14%
2014
GLOBAL GAS & LNG
18%
INFRASTRUCTURES
26%
Power
 #1 Independent Power Producer (IPP) in the world
 #1 Independent Power Producer in the Persian Gulf,
Brazil and Thailand
(1)
 115.3 GW of installed generation capacity
Gas
 #1 importer of LNG in Europe
 LNG supply portfolio of 245 TWh from 6 countries
Services
 #1 supplier of energy efficiency services in the world
 1,300 sites throughout the world
 202 district heating and cooling networks operated
throughout the world
2
 #1 vendor of storage capacity in Europe
 #1 natural gas distribution network in Europe
 #1 importer of LNG in Europe
(1)
At 100% ownership as at 31/12/2014
ENGIE profile
3

The ENGIE business model is based on responsible
growth to meet the important energy and environmental
challenges of covering our customers energy needs,
ensuring their security of supply, responding to climate
change issues and to sustainable use of resources.

The Group provides highly efficient and innovative
solutions to individuals, cities and businesses relying
on diversified gas-supply sources, flexible and low-emission
power generation as well as unique expertise
in four key sectors: LNG, energy efficiency services,
independent
power
production
and environmental services.
Strategy of a global energy player
Strong ambition to create value
from the worldwide energy transition
4
TRACTEBEL Engineering, a Business Unit of ENGIE
BUSINESS SEGMENTS
ENERGY
Thermal
Hydropower
Renewable
Nuclear
WATER & INFRASTRUCTURE
Buildings
Transport
Water
Environment
Transmission
& Distribution
Gas & LNG
TRACTEBEL Engineering, a Business Unit of ENGIE
LIFE-CYCLE
Consultancy and engineering services in Energy, Water and Infrastructure


PRE-INVESTMENT
PHASE
IMPLEMENTATION
PHASE
Master Plans & Policy Studies
FEED
Due Diligence
Detailed Design
Feasibility Studies &
Conceptual Design
Engineering Procurement
Construction Management
Environmental Impact
Assessment & Permitting
Owner’s or Lender’s Engineer
Licensing
Power System Development
& Economics

OPERATION &
DECOMMISSIONING
PHASE
Strategic Maintenance
Engineering
Operation Support
Solutions
Simulators & Training
Quality Assurance
Modification/Renovation/
Lifetime extension
Project & Contract Management
Waste Management
Commissioning
Dismantling
Site Redevelopment Study
Training for Planning, Project Management & Operation
Sustainable Development
Risk Management & Safety Consulting
6
TRACTEBEL Engineering, a Business Unit of ENGIE
2013 - TURNOVER BY SECTOR
12%
15%
INFRASTRUCTUR
E
THERMAL
POWER
6%
10%
WATER
T&D
3%
RENEWABLE
26%
HYDROPOWER
5%
GAS
23%
NUCLEAR
TRACTEBEL Engineering, a Business Unit of ENGIE
WORLDWIDE LEADER IN HYDRO ENGINEERING
Since 1947, more than 600 Dams Projects studied to date in over 65 years in 70 Countries,
90 hydropower plants (70,000 MW)
EGIIN GOLIIN HPP
EXAMPLE : GIBE III
GIBE III, 1870MW in Ethiopia
Higest RCC* dam under construction
(*) Rolled Compacted concrete
1. The Project – Aim and Location
Ethiopia ambitions to provide access to electricity
to its people and to establish itself as a regional
energy hub.
The Project is located southern Ethiopia,
approximately 350 km south of Addis Ababa,
on the Omo River
The Gibe III hydropower project will provide
1,870 MW of electricity.
More than doubling the country's current
generating capacity in one hit, enough for its
population plus some excess it can sell to
neighboring countries.
Dam Site
2. The Project - Features
Main technical features:
— 246 m high RCC Dam (6 million m3 volume)
— Gated spillway on top of dam (18,500 m3/s)
— Two 1 km long 11 m dia. waterways with surge shafts and
penstocks
— Open-air powerhouse with 10 Units: 1,870 MW installed
capacity
— Three 1 km long diversion tunnels
— 400 kV Transmission Lines
— No major resettlement of population
Project performance:
— Installed capacity 1870 MW
— Average annual energy generation of 6,500 GWh
— Plant factor of 0.40
3. Project organization
EPC
CONTRACTS
BASED FIDIC
SILVER BOOK
JV ELECTROCONSULT
TRACTEBEL ENGINEERING
Employer’s Representative
EEP Co
Employer
EPC CONTRACT FOR
HEM Equipment
EPC CONTRACT
Dongfang Electric Corp
HEM Contractor
SALINI - IMPREGILO
Civil Works Contractor
TRIPARTITE AGREEMENT
16 12 09
13
4. The Status
Commencement Date: July 2006
Progress of the Works:
— Diversion Works commissioned in January 09
— Transmission line completed in 2014
— Powerhouse civil works completed in Dec. 14
— Reservoir impounding started in Jan 15
— RCC 80% completed
— Waterways to be completed in May 15
— Commissioning of 1st unit in July 15
5. The Genesis
How the Project was born?
Combined and converging approach of both the Government of
Ethiopia, Electricity of Ethiopia and a Strategic Partner (SP)
• Willingness to go fast
• Strategic Partner (SP) using its own resources to develop
the project
How was it financed?
Local Component and foreign
• Around 33%, to be financed by local Company,
• Around 67%, by Government and Multilateral and Bilateral
Financial Institutions, lenders have joined the project
during construction
5. The Lessons
Time for completion:
9 years between the original idea/concept and the generation of the first
MWh of this
1,870 MW Project which will multiply by 2 the installed
capacity of the Country on 2016.
2006
Idea/Concept
+
Partial Financing
8 years
Design as You
Go
+
Add. Financing
2015
Commissioning
First Units
Cost: in line with the costs of the most recent
completed Projects
6. The Lessons
Design changes possible during construction
Basic Design prepared
In short time
Design as You Go
During Construction
Large local content about costs,
New lenders during construction
Project started without
the financial closing
Finance as You Go
During Construction
Procurement Process of Gibe III may not be usual
but proved efficient and deserves attention and consideration