ENEX

Renewable projects in
Europe, Americas & Asia

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 Content

Overview of Enex
Current projects
Enex Binary Plant

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 This is Enex

Export of Know-how in the Geothermal and

Hydroelectric Sectors

Enex is owned by Icelandic energy companies that

been involved in geothermal development for over 70 years

The company has a has world leading

geothermal expertise and experience that it puts to use Geothermal drilling at the 210 MW e Hellisheidi CHP Plant
when designing geothermal solutions.

Enex was established to co-ordinate ongoing efforts of the

shareholding companies to export geothermal and hydropower
knowledge and experience

690 MW e Krahnjkar Hydropower Project

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 Affiliates

Affiliates in cooperation with local partners:

Enex Deutschland GmbH, Germany
Enex Power GmbH, Germany
Enex Kna ehf, China
Iceland America Energy Co. (IAE Corp.), USA
Slovgeoterm a.s., Slovakia
Enex Sobrance s.r.o., Slovakia
Enex Trebisov s.r.o., Slovakia
Enex Vranov s.r.o., Slovakia

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 What we do

Binary Power Plants

Flash Steam Power Plants
Geothermal District Heating Systems
Small to Medium Size Hydropower
Plants Simplified schematic, geothermal flash steam power plant

Tunnel drilling at Krahnjkar Hydropower Plant

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 Approach

Solution Provider
Providing the equipment, research, expert technology, engineering and
installation
EPC turnkey contracts

Lead Investor
Geoscientific research
Design, build and operation
Contracts on BOOT, BOO or BLT terms

Joint Venture
Team up with local partners to develop projects

Geological surveying, high temperature area S-Iceland

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 This is Enex

Enexs owners are Europes largest geothermal and hydro

developers
- For the last 20 and foreseeable for the next 20 years

We offer a work force of 400 experts

- 100 geoscientists and 300 specialized engineers

Iceland runs the UNU (United Nations University)

Geothermal Program
- Network of 340 fellows from developing countries
- Helping the development of geothermal potential since 1979

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 Enexs Shareholders

1. Geysir Green Energy 5. Iceland GeoSurvey

2. Reykjavik Energy 6. New Business Venture Fund
- National Power Company 7. VST Consulting Engineers
1. Iceland Drilling

+ more than 30 other engineering, design and consulting firms specialized in geothermal, district
heating and hydropower projects.

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 Geothermal Power Plants

Krafla 60 MWe
Geothermal Power Plant
Owner: National Power Co.

Svartsengi 46 MWe 150 MWth

Combined Heat & Power Geothermal Plant
Owner: Sudurnes District Heating Krafla 60 MW e geothermal power plant

Nesjavellir 120 MWe - 300 MWth

Combined Heat & Power Geothermal Plant
Owner: Reykjavik Energy

Reykjanes 100 MWe

Geothermal Power Plant
Owner: Sudurnes District Heating

Hellisheidi 210 MWe - 400 MWth

Combined Heat & Power Geothermal Project
90 MW in 2006, 33 MW added in 2007, 90 MW in 2008. Svartsengi 46 MWe CHP power plant
Owner: Reykjavik Energy

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 Current Projects

Germany
China
USA
Slovakia
Hungary
El Salvador

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 Germany

Geothermal Combined Heat

& Power Plants

Enex Deutschland GmbH

has concession rights
Location:
Southern Germany

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 Germany

Geothermal Combined Heat

& Power Plants

First project: 1 to 2 plants

Geothermal area:
Geretsried / Wolfratshausen
Technology:
Binary Power Plant
Est. size:
8 -15 MW Electric Power
30 MW Heat
Temp: 150-170C
Well depth: 4.000 - 5000 m.
Project schedule: 2007-2009

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 China

Geothermal District Heating

Location:
Xianyang, China
Inhabitants: 4 million
Temperature: 90-110C
District heating will serve
roughly 500.000 people

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 China

District heating in Xianyang city

Potential of becoming the worlds largest DH system in 2012-2015

15.000.000 m2

First phase completed

Inauguration Dec., 2006

Second phase
In construction
2 years
Additional 700.000 m2

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 USA

Geothermal Power Plant

Projects of IAE Corp.

Subsidiary of Enex
Location: Truckhaven, Imperial Valley,
South - California
Total size: 150 MW electrical power
Fluid temp: 180C
Flash or combined flash- and binary power plant
Drilling estimated to start in 2007

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 Slovakia

Geothermal District Heating

3 project companies founded with three municipalities

In cooperation with 3 municipalities, TZX s.r.o.,
Rafhnnun hf and Hnnun hf
Location: Eastern - Slovakia
Purpose: Feasibility reports on the use
of geothermal areas for district heating

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 Hungary

Binary Power Plant and/or District Heating

Joint Venture with;

MOL (Hungarian Oil & Gas Company)
Green Rock (Australian investment co.)
Location: Ortahza, South-West Hungary
Temp: 141C

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El Salvador

Berlin Geothermal area

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 El Salvador

Binary Power Plant

EPCM contract signed in May 2005

Buyer: LaGeo SA from El Salvador
ORC type
Size: 9.3 MW gross
Contract: $13 million
Plant in commissioning phase

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 El Salvador, Enex Plant
Organic Rankine Cycle (ORC)
ORC Power Plant utilizes 180C geothermal fluid for electrical generation

Simplified schematic of the ORC

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 Enex Binary Plant
Key Benefits:

Knowledge in handling geothermal fluid

Flexibility in design
Operational Experience with
Geothermal Power Plants

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 El Salvador

August 2006 - Construction activity

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Thank you for your time

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