GB S-Project Execution Plan ’11.04.18

Global Biz 2 Petrochemical Plant Team (by Daeyoung Kim/Manager)

1. Facility : Generating power by double collecting and accumulating solar heat (the world first 24hours generating electricity)

2. Owner : Earth Power Group (EP, GB, Refer to attachment.)

3. Work Scope : - Solar Collector, Pressure Vessel, Boiler, Chiller, Pump and others 6,500Sets (item 7) - 100Kw / 1Set (proposed price – KRW300mil/1 Set, exclusive of installation cost)

4. Quantity : - 12Sets (Singapore 4Sets, South Africa 8Sets) – to be contracted on April, 2011 - On condition of guarantee of product quality and capacity, contract and delivery will

be made on a project basis - after the first delivery of 12Sets, 1,400Sets are to be delivered the first half of

next year (Singapore 700Sets, South Africa 700Sets)

5. proceedings 5.1 Signed the exclusive distribution agreement between both parties: April 20, 2011 (Wed)

5.2 Meeting with Highgain Antenna for Dish Frame

5.3 Design and fabrication : Reviewing on self fabrication, it is going to make a list for request

and review for EP April 18, 2011 (Mon)

5.4 After delivery of 12Sets, to perform site survey to South Africa and Singapore

5.5 The 1~2 week education for the system design and fabrication is scheduled by EP. (The

attendees are to be determined)

6. Executive Organization Chart (Plan)

PM (Global Biz 3)

Design (3)(Mech,Elec,Civil)

Fabrication (3) Performance and Safety (3)Purchase (1)

Coordinator/Petrochemical PlantCommercial/Indonesia branch Global Biz2

Item Team/Person in Charge Remark

Design EngineeringThermal collector structure

calculations, working DWG, and overall design management

Procurement (Shared growth Group)

Fabrication

Facility Fabrication / Fabrication Planning

Global Biz 3Co-work with subcontractors

Construction

Mechanical

Global Biz 3According to project size, local company will install and a site manager will be dispatched.

Electrical

Civil

1/4

7. Block flow diagram and work scope

2/4

1) Dish Frame (Solar collector frame)

2) Dish Structure (Solar collector supporting steel structure)

3) Dish Structure Actuation

4) Dish assembly (Solar collector assembly, reflecting plate and film are to be provided by EP)

5) Solar tracking system

6) Pressure vessel for thermal storage units (Inner thermal storage units are to be provided by EP)

7) Pressure vessel and other to be defined integrated components for the

adsorption chiller 8) Boiler for steam turbine

9) Adsorption chiller

10) Pump for chiller

11) Construction

1),2),3),4),5)Refer to Figures

6)

10)

10)

7),9)

8)

: Posco Plantec

8. Project Schedule (12 Sets)

Item

Monthly Unit Process after contract (9 Months)

Mon 1 2 3 4 5 6 7 8 9 10Remark

Design 2.5

Fabrication

4

Installation

1.5

Commissionin

g2

Completion

Within 1 month after

contract

completion

3/4

9. Fabrication of each unit

No itemParty in Charge

Work Description Remark

1 Dish FrameEngineering

Dept1. Engineering Dept – outsourcing is being

considered (high gain antenna is preferred - Dia 22m parabola type antenna design and fabrication experience)

2. After acquiring technology, outsourcing and own fabrication

3. Estimation : KB Heavy Industries, Hyunjin, Kwangsung, Hanchang Tech

To be fabricated on consideration of quality level

2 Dish StructureEngineerin

g Dept

3 Dish Frame Assembly

Engineering Dept

4Dish Structure Actuation

EPEngineering Dept or outsourcing (bearing and others will be purchased)

5Solar tracking system

Engineering Dept

Purchased item (High gain antenna and others)

6Pressure vessel for thermal storage units

EP Engineering Dept or outsourcing

7Pressure vessel and other

EP Engineering Dept or outsourcing

8 Boiler for steam turbine

Engineering Dept

Purchased item

9 Adsorption chiller EP

Engineering Dept or outsourcing

Estimation : KB Heavy Industries, ECO, Fabrication Dept

10 Pump for chiller EP Purchased item

Remark : 1. Every design data will be consolidated and managed by Engineering dept.2. System efficiency will be guaranteed by EP and product quality by Posco Plantec.

Ref : Highgain Antenna is the manufacturer of antenna and tracking system with the sales volume of about KRW45bil for antenna and tracking system. Its security level is managed by Defense Security Command. (Refer to attached catalog.)

10. Installation Method – Global biz 3

10.1 To minimize to transfer our manpower, subcontracting the whole work

to the local company is principal. (1 or 2 may be transferred according to

project size.)

10.2 In Singapre and South Africa, 2 or 3 dispatched engineers under the

command of an expert

will install equipment. Through this experience, they could accumulate

expertise and carry out the installation work in the future.

10.3 Transferee’s Work

- Site survey and office set up before 3 months prior to delivery in order

to subcontract to local company

- Selection after bidding among the experienced companies (Thorough

review of performance capability and financial status)

- Making the installation procedure with EP’s design department

- Thorough review of any expected problems and installation process.

Upgrading installation procedure with it.

- Feed back problems incurred during installation to design department

and have it reflected in the next project.

11. Expected Risks

11.1 In case every part is normal but the efficiency would be lower than contract

The cooperation with EP for EP’s design change is required in the future and through this we have to carry out the work to have efficiency output activated. (The local installation cost overrun may be happen. – EP’s claim)

11.2 The contract price for each part is not fixed. The negotiation for the prices is required later.

12. Pre-commissioning and Maintenance

12.1 During pre-commissioning, operation and maintenance manual will be completed with problem finding.

12.2 Maintenance work will be decided with EP about the cost after the completion of pre-commissioning.

4/4

Attachment : Dish assembly - Sketch

Actuator

Solar collector frame

Thermal storage unit cylinder vessel

Thermal storage unit: EP supply

skid ass’y

Reflection plate and film : EP supply

Dish structureActuator Platform

Weight balance pendulum

Dish structure