1 Table of Contents 1 Table of Contents 4 1.1 List of Tables 6 1.2 List of Figures 8 2 Introduction 9 2.1 GlobalData Report Guidance 10 3 Belarus, Power Market, Snapshot 11 3.1 Belarus, Power Market, Macro-economic Factors 11 3.2 Belarus, Power Market, Supply Security 13 3.3 Belarus, Power Market, Opportunities 14 3.4 Belarus, Power Market, Challenges 15 4 Belarus, Power Market, Market Analysis 17 4.1 Belarus, Power Market, Supply Structure 17 4.2 Belarus, Power Market, Key Market Players 17 4.3 Belarus, Power Market, Financial Deals 18 4.3.1 Deal Volume and Value Analysis, 2004 to January 2016 18 4.4 Belarus, Power Market, Demand Structure 20 4.4.1 Consumption by Sector, 2015 22 5 Belarus, Power Market, Regulatory Scenario 23 5.1 Belarus, Power Market, Key Electricity Policies 23 5.2 Belarus, Power Market, Nuclear Power 24 5.3 Belarus, Power Market, Energy Efficiency 24 5.4 Belarus, Power Market, Renewable Energy 26 5.4.1 Renewable Energy Feed-in-Tariffs 27 6 Belarus, Power Market, Capacity and Generation Overview 29 6.1 Belarus, Power Market, Cumulative Installed Capacity by Fuel Type, 2015 29 6.2 Belarus, Power Market, Cumulative Installed Capacity and Annual Power Generation, 2000-2030 30 6.2.1 Cumulative Installed Thermal Capacity and Annual Thermal Power Generation, 2000-2030 33 6.2.2 Cumulative Installed Hydropower Capacity and Annual Hydropower Generation, 2000-2030 37 6.2.3 Cumulative Installed Nuclear Capacity and Annual Nuclear Power Generation, 2000-2030 41 6.2.4 Cumulative Installed Renewable Capacity and Annual Renewable Power Generation, 2000-2030 43 7 Belarus, Power Market, Transmission and Distribution Overview 47 7.1 Belarus, Power Market, Electricity Supply Overview 47 7.2 Belarus, Power Market, Grid Interconnection 47 7.2.1 Electricity Import and Export Trends, 2000-2015 48 7.3 Belarus, Power Market, Electricity Trading 49 8 Belarus, Power Market, Competitive Landscape: Snapshot of Top Power Generating Companies 50 8.1 Key Company in the Belarus Power Market - Belenergo 50 8.1.1 Company Overview 50 9 Appendix 51 9.1 Market Definitions 51 9.1.1 Power 51 9.1.2 Installed Capacity 51 9.1.3 Electricity Generation 51 9.1.4 Electricity Consumption 51 9.1.5 Thermal Power Plant 51 9.1.6 Hydropower Plant 51 9.1.7 Nuclear Power 51 9.1.8 Renewable Energy Resources 52 9.2 Abbreviations 52 9.3 Bibliography 53 9.4 GlobalData’s Methodology 54 9.4.1 Coverage 54 9.4.2 Secondary Research and Analysis 54 9.4.3 Primary Research and Analysis 55 9.5 Disclaimer 55

1.1 List of Tables Table 1: Power Market, Belarus, Gross Domestic Product ($bn), Population (million), and Annual Power Consumption (TWh), 2000-2020 13 Table 2: Power Market, Belarus, Hydropower Projects open to Foreign Investment, 2015 15 Table 3: Power Market, Belarus, Power Market Deals by Value, 2004-January 2016 18 Table 4: Power Market, Belarus, Annual Power Consumption (TWh), 2000-2030 21 Table 5: Power Market, Belarus, Power Consumption by Sector (%), 2015 22 Table 6: Power Market, Belarus, Selected Parameters of Energy Efficiency, 2010-2020 24 Table 7: Power Market, Belarus, Main Parameters of Energy Efficiency, 2010-2020 25 Table 8: Power Market, Belarus, Feed-in-Tariff ($/kWh), 2016 28 Table 9: Power Market, Belarus, Cumulative Installed Capacity by Fuel Type (%), 2015 29 Table 10: Power Market, Belarus, Cumulative Installed Capacity (GW) and Annual Power Generation (TWh), 2000-2030 32 Table 11: Power Market, Belarus, Leading Thermal Power Plants, 2016 34 Table 12: Power Market, Belarus, Cumulative Installed Thermal Capacity (GW) and Annual Thermal Power Generation (TWh), 2000-2030 36 Table 13: Power Market, Belarus, Leading Hydropower Projects, 2016 38 Table 14: Power Market, Belarus, Cumulative Installed Hydropower Capacity and Annual Hydropower Generation, 2000-2030 40 Table 15: Power Market, Belarus, Cumulative Installed Nuclear Power Capacity (GW) and Annual Nuclear Power Generation (TWh), 2000-2030 42 Table 16: Power Market, Belarus, Leading Renewable Power Plants, 2016 44 Table 17: Power Market, Belarus, Cumulative Installed Renewable Capacity and Annual Renewable Power Generation, 2000-2030 46 Table 18: Power Market, Belarus, Interconnections with Neighboring Countries, 2015 47 Table 19: Power Market, Belarus, Annual Electricity Imports and Exports (TWh), 2000-2015 49 Table 20: Abbreviations 52 1.2 List of Figures Figure 1: Power Market, Belarus, Gross Domestic Product ($bn), Population (million), and Annual Power Consumption (TWh), 2000-2020 12 Figure 2: Power Market, Belarus, Annual Power Consumption (TWh), 2000-2030 20 Figure 3: Power Market, Belarus, Power Consumption by Sector (%), 2015 22 Figure 4: Power Market, Belarus, Cumulative Installed Capacity by Fuel Type (%), 2015 29 Figure 5: Power Market, Belarus, Cumulative Installed Capacity (GW) and Annual Power Generation (TWh), 2000-2030 31 Figure 6: Power Market, Belarus, Cumulative Installed Thermal Capacity (GW) and Annual Thermal Power Generation (TWh), 2000-2030 35 Figure 7: Power Market, Belarus, Cumulative Installed Hydropower Capacity (GW) and Annual Hydropower Generation (TWh), 2000-2030 39 Figure 8: Power Market, Belarus, Cumulative Installed Nuclear Power Capacity (GW) and Annual Nuclear Power Generation (TWh), 2000-2030 41 Figure 9: Power Market, Belarus, Cumulative Installed Renewable Capacity (GW) and Annual Renewable Power Generation (TWh), 2000-2030 45 Figure 10: Power Market, Belarus, Annual Electricity Imports and Exports (TWh), 2000-2015 48

Belenergo