EFTA01366618

Amendment #4 Page 189 of 868 1,.hlr of Con tcrti• Wed power has also recerved government support through the Renewable Energy Independent Power Producer Procurement program Under this program the govemmert is targehrg to acheve 8 4 GW of instated wed capacty by 2030 Honduras Since 2010. the staled [levee:energy generation capacity in Honduras increased from 1.5 GW to 1.6 GW in 2013, or a CAGR 013%. The crort telcrw Orders Honduras generaton capacity fuel roc as of yearend 2013 Fuel type Cl 554% Hydro-electric 32.7 Wrict 6 2 Gas 44 Coal 1 3 Total 10)0% Par c *Marge Retail electncty paces have risen in Honduras at a CAGR of 8% over the past seven years We expect retail electncty prices in Honduras to continue to nse. Foment, due to increasing costs of conventional sources of energy and overa I demand for energy and the removal ot government subsidies available to conventonal energy SOUrCeS l-knottair renewable power nwket rob experienced growth over Ire last tree years, with the cemulative installed capacity of renewable energy sources increasing from 527 MW n 2010 to 640 MW in 2013 Renewable energy accented for 90%d the overall energy capacity growth from 2010 to 2013 The CuMUISIN0 retailed Capitity cf hicho-eled4C energy n Honduras grew from 527 MW in 2010 to 538 MW In 2013 The curnulabve intaltd capably of wind energy in Ficarktas grew tom 0 MW n 2010 to 126 MW n 2014 The chart below shows the ciamMtwe soar and wind energy generaton capacity from 2010 to 2017 Honduras cumulative solar and wind energy generation capacity (in MW), 2010-2020 &woe Eicent4t0 Mee Enray Finte• err *OM iCA4*WO .two ere to O4 It i--C1 1. tell 2011 ZOO )424 /OM 10141 IOIPI 181 http://cfdocs.btogo. corn :27638/cf/dna/pub/edgar/2015/07/20/0001193125-15-256461/d78... 7/20/2015 CONFIDENTIAL - PURSUANT TO FED. R. GRIM. P. 6(e) DB-SDNY-0058146 CONFIDENTIAL SDNY_GM_00204330 EFTA01366618