RESOLUTION OF THE PRESIDENT OF THE REPUBLIC OF UZBEKISTAN

of May 7, 2024 No. PP-168

About measures for implementation of the Investment project "Construction of Windfarm Capacity of 250 MW and Overhead Power Transmission Lines in the Samarkand and Jizzakh Regions (Alpha)"

For the purpose of stable providing with energy resources the population and industries of economy, reducing consumption of natural gas in case of power generation, and also broad attraction of direct foreign investments in expansion of scale of use of renewable energy resources:

1. Take into consideration that:

a) the Universal Energy company (People's Republic of China) (further - the Investor) within the Investment project "Construction of Windfarm Capacity of 250 MW and Overhead Power Transmission Lines in the Samarkand and Jizzakh Regions (Alpha)" (further - the Investment project) founds Peak wind Alpha LLC (further - the Project company);

b) between the Government of the Republic of Uzbekistan on behalf of the Ministry of investments, the industry and trade, the Investor and the Project company signed on January 25, 2024 the investment agreement (further - the Investment agreement) providing implementation by the Investor and the Project company:

designings, financings, construction and operation of windfarm capacity of 250 MW in the Samarkand and Jizzakh regions throughout the entire period of implementation of the Investment project;

attraction of direct foreign investments in the amount of on predesigns of only 250 million US dollars with acceptance on possible risks;

c) as a result of direct negotiations between JSC Natsionalnye elektricheskiye seti Uzbekistana and the Project company the Purchase agreement of electrical energy (further - the Agreement) on October 10, 2023 is signed according to which:

The project company assumes obligation of the guaranteed sale of the made electrical energy of JSC Natsionalnye elektricheskiye seti Uzbekistana;

The project company provides guarantee of the first-class foreign bank in the amount of 9 million US dollars as ensuring proper execution of the obligations in the period of construction;

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