INVESTING ON RENEWABLE ENERGY IN ALBANIA

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1 INVESTING ON RENEWABLE ENERGY IN ALBANIA

2 Introduction Who We Are Ayen Energy Group Our Investment in Albania Why We have Choosen to Invest in Albania Conclusion

3 Turkey s Leading Energy Company One of the Oldest Private Energy Company in Turkey Operated In Istanbul Stock Exchange 10 Companies Operating Under the Group 1.15 Billion US Dollars Invested On Renewable Energy

4 Under Operation & Investment INSTALLED MW TOTAL Share NATURAL GAS AYEN OSTİM NGP % HYDRO POWER PLANT WIND POWER PLANT PESHQESHIT HPP 34.0 YAMULA HPP BÜYÜKDÜZ HPP 70.8 ÇANKAYA HPP 98.4 FANGUT HPP 63.5 GOJANIT HPP 11.8 AKSU WPP 80.0 AKBÜK WPP 31.5 MORDOĞAN WPP 42.0 KORKMAZ WPP 25.2 AKBÜK II WPP 21.0 ÇAYPINAR WPP 24.0 TOTAL % %

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7 Our Investment in Albania MW Installed Capacity 32.8 Km of Energy Tunnel 92 m Height CFRD (Concrete Face Rockfill Dam) 220 Million Euro Total Invesment

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10 Why We have Choosen to Invest in Albania

11 a) ALBANIA HAS A LIBERAL LEGAL FRAMEWORK FOR FOREIGN INVESTMENTS The law guarantees equal and impartial treatment to both foreign and domestic investors 100% foreign ownership is possible Foreign investors have the right to expatriate all funds and contributions in kind of their investment Special state protection of foreign investors by the Albanian state in legal and civil conflict with private third-party b) FAST IMPROVING INFRASTRUCTURE Improving infrastructure has been a priority for the Albanian Government in order to exploit the full potential of Albania s strategic location

12 c) STRONG ECONOMIC PERFORMANCE Albania has presented a sustainable economic growth during this current crisis years Albania represents the most resilient of South-Eastern European economies d) EXCELLENT STRATEGIC GEOGRAPHICAL POSITION Its location in the center of a natural crossroads of major transit corridors in Europe, places Albania in a strategic geographic position

13 e) FREE MARKET ACCESS Albania is a member of WTO and applies WTO rules on import licensing Albanian has signed free trade agreements with EU, CEFTA and EFTA f) LOW TAXES AND INCENTIVES The corporate tax rate and the personal income tax rate are of 15% A number of fiscal incentives and other facilities, including: granting of public land for private investments; offering of long term concession contracts on natural resources

14 g) EDUCATED AND COST COMPETITIVE WORK FORCE Over 1,000,000 of the population of Albania are young, well-educated professionals, > 57% of the population is under the age of 35 English, Italian, French and German included in the education system. Other regional languages like Turkish are widely used h) BUSINESS FRIENDLY REGULATORY ENVIRONMENT One stop-shop for company registration and business licensing Easy to registrate for new businesses. A simple application procedure

15 h) BUSINESS FRIENDLY REGULATORY ENVIRONMENT Business licensing is done through a fast transparent procedure, easily verifiable online, by the National Licensing Centre at 100 ALL (< 1 Euro) The online system for tax filing and payments is applied in the country The Albanian business legal framework is in compliance with the EU legislation

16 i) HIGH INVESTMENT POTENTIAL Albanian economy has unexploited potential both in terms of renewable energy, tourism, agribusiness, infrastructure and services Natural resources include hydro, solar and wind power capacity, agricultural land and over 400 km of coastline The country is rich in oil and gas and valuable mineral deposits such as copper, iron and chrome ores j) QUALITY OF LIFE Albania is rating among the highest in the region according to the International Living Quality of Life scores The capital city Tirana has some of the best international schools and education systems, making it thus easy to adjust for all the foreign families

17 Conclusion WHY IS ATTRACTIVE TO INVEST IN RENEWABLE ENERGY IN ALBANIA Albania is the most dynamic renewable energy country in Europe The development of the Energy Sector is considered by Albanian Government as a very important and priority sector, in order to develop a green energy-driven economy The government has fully liberalized investments and trade in the sector and has completed a favorable modern legal and regulatory framework Guaranteed and increasing domestic demand, because the current production does not meet consumption needs International trade potential, because Albania is in the center of one of Europe s largest net importing electricity markets

18 THANK YOU FOR YOUR ATTENTION RENEWABLE, GREEN ENERGY FOR BETTER FUTURE!