STRICTLY CONFIDENTIAL & PROPRIETARY Floating Power Technology Summary DECEMBER 2020 STRICTLY CONFIDENTIAL & PROPRIETARY Founded in 1990, as a subsidiary of General Dynamics’ Electric Boat nuclear submarine division Partnered with Siemens Westinghouse Power Generation Group on a gas turbine power barge joint venture including design development, project development and project supervision. Specializing in power barge engineering, design, and construction as well as integrated LNG FSRU and power barge project development Providing project development and aftermarket sales. Owner/Operator of gas turbine power barges. PBC Clients/Locations Various Power Barge Applications GMR Energy (India/Sri Lanka) Barrick Gold (Dom Republic) AES Corporation (Panama/Nigeria) Newmont Mining (Ghana) ExxonMobil (Nigeria) El Paso Intn’l (Brazil/Bangladesh) Keppel Energy (Ecuador/Brazil) Elliot Group/Prime (Panama) Mercuria Energy (South Africa) Golar LNG (FSRP design) BW Maritime (FSRP design) Smith Cogeneration (Global) PG&E (USA projects) BlueCrest Capital (Malaysia/Ecuador/ Philippines/Kenya/ Angola/Venezuela) Bank of Tokyo (US power projects) Enron (Nigeria) AEI/PQP (Guatemala) IC Power (Panama) BWSC/MAN (Global) World Bank (Global) Karadeniz Energy/KarPower (Global) Isolux (Angola) Hawaii Electric (USA) Siemens power barge program) CB&I (East Africa) Wison Offshore and Marine (FSRP) EGE Haina (Dominican Republic) Seaboard Marine (Dominican Republic) Arclight/Eastern Gen (USA) ADNOC Shipping and Logistics (Middle East) Utility scale generation for grid distribution Island mode for remote utility/industrial operations Temporary power/emergency power Near-shore stranded gas field monetization Near-shore O&G production support services Integrated steam generation and water desalination Integrated firm generation/battery storage systems Integrated firm generation/storage and renewables Transportable large scale generation Modular generation for planned growth LPG and LNG/FSRU integrated and independent LNG/LPG Mid-Scale Program 1) Bringing LNG/LPG into mid-scale power generation projects 2) Either in a single vessel or multiple vessel strategy. 3) Utilizing existing LNG carriers or new construction vessels 4) Working with OEM and O&G majors on FSRU/power barge (integrated and independent platforms) 5) Targeting generation capacities from 100 MW up to 500 MW Floating Power Technology Summary STRICTLY CONFIDENTIAL & PROPRIETARY LNG/LPG Mid-Scale Program 30 MW GE industrial gas turbine power barge (2 units EPC contract - Nigeria 2000) 48 MW Siemens industrial gas turbine power barge ( design/refurb/sale Kenya 1994/2016) 55 MW Wartsila medium speed engine power barge (engineering services 2016 – Guatemala) 70 MW MAN medium speed engine power barge (design/construction PM - Nicaragua1999) 72 MW MAN medium speed engine power barge (design/refurb/sale - Panama 1999/2014) 96 MW Siemens industrial gas turbine power barge (design/EPC completion Angola 1994/2010) 100 MW GE LM6000 PC Sprint gas turbine power barge (design- El Paso Brazil 2000) 100 MW P&W aero-derivative gas turbine power barge (EPC – Brazil /owner 1997- 2007) 106 MW Siemens industrial gas turbine power barge (design/refurb/sale Venezuela 1995/2010) 116 MW Siemens industrial gas turbine power barge (design/refurb/sale Ecuador 1994/2014) 124 MW MAN medium speed engine power barge (design/construction PM Guatemala1999) 126 MW industrial gas turbine power barge (project services Ghana 2013/2017) 144 MW Siemens/Westinghouse industrial combined cycle gas turbine power barge (design Bangladesh 1995) 147 MW MAN medium speed engine power barge (design/ABS 2016) 150 MW Wartsila medium speed engine power barge (engineering services DR 2018) 185 MW GE industrial combined cycle gas turbine power barge (operations DR 1996/7) 106 MW Wartsila medium speed engine power barge (engineering services DR 2018) 219 MW MAN/Sulzer medium speed engine powership (engineering services Pakistan 2012/2016) 250 MW GE aero-derivative combined cycle gas turbine power barge (develop/design/owner eng. India 1999) Floating Power Technology Summary