NOTICE INTERNATIONAL TENDER PROCESS FOR NEW POWER GENERATION No. 01-11

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The following is a translation (this “Translation”) of the Aviso Licitación Pública Internacional Para Nueva Generación No. 01-11 dated December 19, 2011, which is in Spanish, a copy of which is attached hereto (the “Official Notice”). This Translation (i) is provided for your convenience and only as a courtesy, (ii) does not purport to be an accurate or complete translation of the Official Notice and (iii) is qualified in its entirety by the Official Notice. In furtherance and not in limitation of the foregoing, in the event of any conflict or inconsistency between this Translation and the Official Notice, the Official Notice shall govern.

CORPORACIÓN DOMINICANA DE EMPRESAS ELÉCTRICAS ESTATALES (CDEEE)

NOTICE

INTERNATIONAL TENDER PROCESS FOR NEW POWER GENERATION

No. 01-11

Santo Domingo, Dominican Republic December 19, 2011

Pursuant to Decree No. 143-11 dated March 15, 2011 (hereinafter, the “Decree No. 143-11”) the President of the Dominican Republic declared as a national emergency the increase of low-cost electrical generation capacity to, among other things, avoid a shortage of energy, facilitate the optimization of the energy matrix, allow the investments necessary for the recovery of losses suffered by the distribution companies and reinstate the balance of the national electrical system. In that order and within the framework of the objectives pursued by the Decree No. 143-11 and in accordance with (a) the provisions of, among others, Articles 110 and 138 of the General Electricity Law (Ley General de Electricidad) No.

125-01 dated July 26, 2001, as modified by Law No. 186-07 dated August 6, 2007 and (b) the provisions of Decree No. 923-09 dated December 30, 2009, the CORPORACIÓN DOMINICANA DE EMPRESAS ELÉCTRICAS ESTATALES (DOMINICAN CORPORATION OF STATE-OWNED ELECTRIC COMPANIES) (CDEEE) (the “Corporation”), in its capacity as the leading entity and coordinator of the objectives, strategies and actions of the State Owned Electric Companies, in coordination with the COMISIÓN NACIONAL DE ENERGÍA (NATIONAL ENERGY COMMISSION), and under the supervision and fiscalization of the SUPERINTENDENCIA DE ELECTRICIDAD (SUPERINTENDENCY OF ELECTRICITY), has decided to launch an international public tender process (the “Tender Process”) with the objective of, among others, selecting, through an open and competitive process, qualified domestic and/or international investors (hereinafter, the “Investors”), such that, if selected in the Tender Process (hereinafter, the “Selected Investors”), they would: (a) develop, finance, build and operate, under a build-own-operate (BOO) structure and through a Generation Company, one or more new coal or natural gas-fired power generation units, that is, different from those already registered in the National Interconnected Power Grid System (Sistema Eléctrico Nacional Interconectado) as of December 31, 2011, with a net power generation capacity of up to 260 MW (each such generation unit, a

“Generation Unit”), with the ultimate goal of expanding the power generation capacity of the Dominican

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Republic by up to 1,000 MW, with the possibility of increasing such capacity up to 1,500 MW of total capacity, in accordance with the provisions to be contained for such purpose in the Terms of Reference;

and (b) enter into power purchase agreements with the distribution companies EDENORTE DOMINICANA, S.A. (“EdeNorte”), EDESUR DOMINICANA, S.A. (“EdeSur”) and EMPRESA DISTRIBUIDORA DE ELECTRICIDAD DEL ESTE, S.A. (“EdeEste”), for a maximum of up to ninety- five percent (95%) of the net nominal capacity in MW of all Generation Units associated with the respective project and for a term of fifteen (15) years, nonrenewable, beginning in August 2016. For purposes of this Notice, EdeNorte, EdeEste and EdeSur shall be referred to, collectively, as the

“Distribution Companies.” The terms of reference that will govern the Tender Process (hereinafter, including all modifications that could be made to such terms of reference after commencement of the Tender Process, the “Terms of Reference”) shall be issued and made available to potential Investors on January 20, 2012 (or a later date determined by the Corporation and publicly announced on the Tender Process Web Site (as such term is hereinafter defined) after issuance of this Notice, against payment of the sum of US$5,000.00 (or such other amount to be established by the Corporation in the Terms of Reference) or its equivalent in Dominican pesos based on the exchange rate established by the Banco Central de la República Dominicana (Central Bank of the Dominican Republic) on the date of the actual payment. Said payment shall be made in accordance with the instructions to be contained in the Terms of Reference and/or made available by the Corporation to the Investors on the website created by the Corporation for purposes of the Tender Process (that is, www.cdeee.gob.do) (hereinafter, the “Tender Process Web Site”). Only Investors determined by the Corporation, in accordance with the Terms of Reference, to meet the prequalification requirements established in said document (hereinafter, the

“Prequalification Requirements”) shall be allowed to submit technical and economic offers in the Tender Process. On the date hereof, the Corporation has made available to potential Investors on the Tender Process Web Site, free of charge, a document containing a general outline of the main Prequalification Requirements to be contained in the Terms of Reference (hereinafter, the “Prequalification Requirements Executive Summary”). The documentation and information necessary to evidence full compliance with the Prequalification Requirements must be submitted by the potential Investor in accordance with the Terms of Reference on February 24, 2012, or such other date as may be set forth for such purpose in the Terms of Reference. The actual prequalification of Investors shall be made in accordance with the procedure established for such purpose in the Terms of Reference. The Terms of Reference shall contain the form of power purchase agreement to be entered into by the Selected Investors and the Distribution Companies (hereinafter, the “Form Power Purchase Agreement”). Likewise, on the date hereof, the Corporation has made available to potential Investors on the Tender Process Website (i) an executive summary of the principal terms to be contained in the Form Power Purchase Agreement and (ii) a preliminary timeline for the Tender Process, which are deemed to form part of this Notice.

Notwithstanding the foregoing, the Corporation reserves the right to include in the Terms of Reference any modification to such terms and timeline as it deems necessary. Until publication of the Terms of Reference, any doubts or questions related to the Prequalification Requirements Executive Summary, the aforesaid preliminary timeline, this Notice or the Tender Process in general, must be addressed to the following email: [email protected].

Celso Marranzini, Esq.

Executive Vice President

Corporación Dominicana de Empresas Eléctricas Estatales Av. Independencia, Centro de los Héroes

Santo Domingo, D.N.

Apartado de Correos 1428 Dominican Republic