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Daewoo International

December 2010

Contents

I Daewoo International

II POSCO / POSCO Group


III DWIs Role in POSCO Group IV Business Opportunity

Corporate Outlook
Daewoo International (DWI)
History Established as Daewoo Corporation (1967) Become a member company of POSCO Group (2010)

International Trading Project Organizing Major Business Natural Resource Development Manufacturing : Textile, Cement, Steel Processing etc Total : 95 Global Network - Asia 46, Middle East 7, Africa 12, Europe 9 CIS 8, America 13 Employee Sales (2009) Total : 16,576 (1,638 In Korea, 14,938 Overseas) Sales USD 10.0 b
3

Core Competency
The best trading, project organizer, and energy/resources development company in Korea
Core Competency Trading & PJT Expertise

43 years Trading & Investment Know-how


Trading/PJT Experts Pool
- Global Competency and experience

Global Biz Network

Koreas Number 1 Overseas Biz Network


- 95 Overseas Units in 62 Countries - 6,000 Partners in 180 Countries

Stable & Synergy-creating Biz Portfolio Business Portfolio


- Trading : Steel, Metal, Chemical, Machinery etc - Project Organizing : IPP, Plant, Transportation - Energy/Resource Development : 15 Sites
4

Global Network
69 trading units, 12 manufacturing units, 14 energy/resources projects operating 365 days 24 hours around the world.
Global Network : Total 95

:55 Trading Branches

:14 Trading Subsidiaries :14 Energy/Resources Projects


5

:12 Manufacturing Subsidiaries

Business Sector
Based on strength in main sectors, DWI diversifies its business model in a way that creates a synergy, like a Package Deal.
Main Business Sector
To Create Synergy
Energy & Resource
Development Production

Global Trading Package Supply


Marketing Distribution & Processing

Exploration

Marketing

Stable Supply

Raw Material

Production

Project Organizing & Development

Organizing: Industrial/Power Plant, Infrastructure (Ex. Railway, Port) Development : Package Deal (Resource + Plant), IPP
6

-Global Trading
Trading various items from raw materials to end products in the following key industries.
Key Trading Item & Sales Volume
2009 Sales
(USD Million)

Business Sector

Item

Steel/Metal Chemical Machinery/ Automotive Textile Commodity Electronics Total

5,266 2,011 790 296

HR, CR, STS


Steel Raw Materials, Non-Ferrous Metal

Petroleum Products, Chemical Raw Materials PE/PP, PVC, PET Resin, Fertilizer etc Machinery, Plant Automotive Components, Parts Cotton, Cotton Yarn & Fabric Textile Materials, Woven Apparels Grain, Foodstuff Mineral & Construction Materials Electronic Products, IT Products Defense Industry Products

216
121

8,700
7

Business Sector - Global Trading: Defense Industry Products


Playing a pivotal role in Koreas defense industry, exporting 25% of Koreas defense export sales for the last 10 years.
Defense Industry Products
Main Items
Small Arms, Gun & Artillery Combat Vehicles & Logistic Vehicles Aircraft (Basic Trainer), Avionics & Simulators Naval Vessels (Destroyer, Frigate, Submarine)

Contracts (2009~2010)
(Unit : US$ M) Country Indonesia Item Submarine Overhaul
Amount

75

6X6 APC
KT-1B Basic Trainer Parachute etc Columbia Sudan Thailand Ammunition etc Military Vehicle Military Vehicle etc Military Vehicle

65
35.5 17 4.3 12 1.9 1.3

Basic Trainers

Armored Personnel Carriers

Nepal

Morocco
Chile Equator Frigates Submarine
8

Military Vehicle
Military Vehicle K3 5.56mm LMG etc Total

2.8
3.3 1.3 219.4

Business Sector - Global Trading: Manufacturing Investment


To create a synergy with trading, operating 12 overseas manufacturing subsidiaries.
Overseas Manufacturing Investment
(As of December 2010)

UZBEK Textile UZBEK Textile

CHINA Investment

CHINA Paper

CHINA Paper

SUDAN Medicine

VIETNAM STC &Apparel

CHINA Cement

MYANMAR Apparel MYANMAR Timber

PNG Power Producer INDONESIA Apparel

Subsidiary Investment

12 USD 266M

-Energy & Resource Development

Business Sector

Participating in 14 energy/resources development projects, including 5 projects as main operators.


Energy & Resources Development Projects
(As of December 2010)
CANADA Kiggavik (uranium)

UZBEKISTAN Block 35 (Operator) UZBEKISTAN Block 36 (Operator) OMAN KOLNG (Gas) MYANMAR AD-7 (gas) (Operator) MYANMAR A-1 (gas) (Operator)

VIETNAM 11-2 (gas) MYANMAR A-3 (gas) (Operator) AUSTRALIA White Cliff (nickel) AUSTRALIA Marree (uranium) AUSTRALIA Narrabri (coal) PERU Block 8 (oil) BOLIVIA Corocoro (copper)

MADAGASCAR Ambatovy (nickel)

8 Energy Projects
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6 Mineral Resources Projects

-Energy & Resource Development : Myanmar Gas


As an operator, DWI, has been developing gas reserves ranging 4.5~7.7 TCF* in Myanmar and targeting its first gas in May 2013.
Myanmar Gas Development Project
Block Location Block A-1 (Aug 2000) Block A-3 (Feb 2004) Block AD-7 (Feb 2007) Northwest Offshore of Myanmar Production Sharing Contract Total : 1,728 M (USD) - Executed : 137 M - Expected : 1,591M DWI (Operator) ONGC Videsh MOGE GAIL (India) Limited KOGAS (* AD-7 : DWI 51% 17% 15% 8.5% 8.5% 100%)

Business Sector

A-1 AD-7 A-3

Contract Investment

Equity

* TCF (Trillion Cubic Feet), 4.5~7.7 TCF is 0.8 ~ 1.4billion barrel of oil equivalent
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Business Sector -Project Organizing + Investment


Covering every step of project organizing and capital investments including financing, plant construction, and maintenance & operation.
Papua New Guinea Power Plant Project
Structure
Project Organizing
Construction/Maintenance Capital Investment

Status
Establishment 1996. 8. 16. Port Moresby, Papua NewGuinea

Capital Investment
Location

Contract
Investment

BOT
USD 8 M USD 26 M 24 MW/Year

Finance

Papua Power Plant

Electric Power Supply

Local Government

Sales (2009) Capacity

Insurance

> Supply 40% of Papua Metropolitan

area electricity demand


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Business Sector -Resource Development + PJT Organizing


Building a successful Package Deal model in a combination of resource development and PJT organizing in Ambatovy Nickel mine project.
Madagascar Ambatovy Nickel Mine Project
Structure Status
Project Resource Development Project Organizing Investment Sponsors
Capital Investment

Madagascar Ambatovy Nickel Project Total (USD) : 4,650 M - Executed : 4,370 M - Expected : 280 M DWI 4% 125 MMt @ 1.04% Nickel, 0.10% Cobalt Nickel 60,000 ton Cobalt 5,600 ton

Equity Reserve

Guarantee Loan

Lenders Group

Ambatovy Plant
Operation/Maintenance

EPC Contractors

Production (2011f)

> Off-take: 30,000 ton Nickel for Korean

O&M Company

Consortium (Marketing by Daewoo)


> Project Organizing -Order Amount : USD 400 M

- Power Plant, Ammonia Tank


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Vision 2020
Growing to become a global major trader, project developer, and competitive resource developer by 2020, with the following strategy.
Vision2020, Financial Target, and Strategy

World Top-class Trader, Investor, Developer - Sales USD 65 Billion , Pre-tax Income 2.2 Billon
~2010
1 2 3 4 5

~2020
Global Major Trader
Top 10 Sales Volume

Trading Infra development Global/Grand project Energy Resource

Koreas No.1 Trader


Sales Volume: $15 B

Niche Organizer
Power, Paper manufacturing Plant

Project Developer
Country marketing Large-size, complex project development

Koreas Leading Developer


Operating 1 project (Myanmar gas)

Energy/Resource Portfolio Operation


Operating 4 projects Equity Investment on over 10 projects

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Contents

I Daewoo International

II POSCO / POSCO Group


III DWIs Role in POSCO Group IV Business Opportunity

15

POSCO - Chronology
Worlds top steel maker with Resource limited, creativity unlimited spirit
Growth of POSCO
(Unit: Th. Tons)

Myth of Yeongil Bay


- Success story of Building integrated steel works without capital, technology, and experience

2010 : Indonesian Works Construction begin 8 7 2009 : 34Mil Ton/Year 6 1998: Global No.1 Steel production 1994: Listed on NYSE (First Korean Company)

5
4

1992: Kwangyang Works built

3 2

1988: IPO (First Popular Share)

1983: Pohang Works built

1968: Establishment
1

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POSCOs Status in the world


Having a reputation as the most competitive steel maker in the world
Ranking
Worlds Top Steel Maker (2010) Metal Bulletin
Unit: Million Ton

Worlds Top STS Maker (2009)


Unit: Million Ton

COMPANY Arcelor Mittal Hebei Steel Group Bao Steel

Production

COMPANY Wuhan POSCO Nippon Steel

Production

No 1 2 3

COMPANY TISCO POSCO TKS ACERINOX

Production

73.20 40.24 38.87

38.87 30.34 29.53

2.5 2.2 1.9 1.8

Worlds Best Competitive Steel Maker (2010) - World Steel Dynamics


No 1
2 6 12

COMPANY POSCO
SAIL NUCOR Arcelor Mittal

Score 7.84
7.41 7.28 7.10
17

High score factor Financial Soundness, Technology, Cost Competitiveness


Production Competency, Stability, Self-supplied Raw Material Downstream Competitiveness, Stability, Technology Production Capacity, Cost reduction, M&A

POSCO - Financial Status


Cost competitiveness and profitability leading to a sound financial status and credibility
Financial Status & Credit Rating
Major Steel Makers Operating Margin POSCO
19.4 21.3 11.7 8.4
07 08 09 10.1H 07 08
* POSCO Individual, Others consolidated Basis

22.1% 11.3

A-Mittal
6.2% 0.1
09 10.1H 07

NSC (CY Basis)


11.3 7.2 0.9
08 09 10.1H

5.8%

Financial Position
Debt-toEquity Ratio 24.4 Asset 31

Credit Rating
34.7% 29.2 $45 Billon
Organization

33.3

2008 A1

2009 A1

2010 A2

37

40

Moodys

S&P
07 08 09 10.1H
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POSCO - Import of Raw Materials


POSCO imports raw materials in high volume from all over the world
Quantity of Imported Raw Material
(000 ton, U$ Million)

Iron Ore Volume Amount 42,097 3,211

Coal 21,729 3,359

Nickel 56 926

Chrome 203 407

Manganese 136 169

RUSSIA

CANADA AMERICA

CHINA INDIA VIETNAM CHILLE RSA AUSTRAILIA BRAZIL

Iron Ore
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Coal

POSCO - Global Capability


Global Presence with Strong Operational Capability
Global Steel Capability
KOREA > Pohang : Integrated Mill, 15.5Mt > Gwangyang: Integrated Mill, 18Mt CHINA > Integrated STS Mill, 800Kt > STS CR Mill, 180K S.E. Asia > Indonesia Integrated Mill J/V (1st Stage: 3Mt, Total 6Mt planned; in progress) > Vietnam CR Mill, 1.2Mt INDIA > Integrated Mill J/V w SAIL (3Mt, in progress) > Orissa Integrated Mill (Total 12Mt planned) > India CG Line, 450Kt (Mar 10 ~ May 12) USA > CR Mill, 1.5Mt (JV w/ US Steel) > API Pipe Plant, 270Kt (JV w/ US Steel, SeAH) MEXICO > CG Line, 400Kt

(Global Processing Centers : total 46 as of Sep 2010) China 16 S.E.A 11 Japan 6 India America Europe 5 5 3

Source: Company Data (As of 31 Dec 2009)

20

POSCO & DWI


Daewoo International joined POSCO group to enhance global network
Acquisition & Expected Synergy
- Date of Acquisition : September 20th, 2010 - Percentage of shares : 68.2% - Purchase Amount : $ 3 Billion Maximize Synergy Effect between POSCO and DWI

- Steel Mill Construction & Operation track record - Possession of Key Industry Biz : Steel, Construction, Power etc - Big Consumer of Raw Material & Energy - 22 Overseas Steel Works & 46 SCM Coil centers
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- Koreas Number 1 Trading Volume - Global Sourcing Competency - Energy/Resources Development:

Main Operator of Myanmar Gas PJT


- Global Network: 95 offices in 62 Countries

POSCO Group - Business Area


In addition to steel industry, POSCO Groups main business includes Engineering & Construction, Energy, IT and Chemical.
POSCO Groups Business Area & Member Companies
Domestic
Steel ManuFacture /Trading E&C
POSCO SS, POSCO C&C,

Overseas
Posteel, DWI, POSCO TMC, POSCO AST

5 3 1 1 4 4

POSCO E&C, Sungjin Geotec, POSCO Plantec, POSCO A&C, Daewoo Engineering POSCO Power, POSCO E&E, Busan E&E POSCO ICT POSCO Chemtech, Samjung P&A, Poshimetal, Posfine, PNR RIST, POSTECH, POSEF, POSTF
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Steel Manufacture

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ZPSS, QPSS, DPSC, Gunagdong Steel, VPS, POSVINA, Myanmar-POSCO, P-Malaysia, UPP-Mexico, P-Vietnam, P-VST, P-India, P-Maharashtra POSCO America, POSCO Japan, POSCO Asia, POSCO China POSCO Australia, POSCO Canada, KOBRASCO, PT MRI China 7 (P-CFPC,CSPC,CWPC etc) India 3 (POSCO-IPPC,IDPC,ICPC) Vietnam 2 (POSCO-VHPC,VNPC) Other 6 (POSCO-TBPC,MKPC etc) POSINVEST,P-Urguay, P-Mexico Humantech

Trading Raw Material

4 4

Energy IT Chemical Material Others

SCM

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Other

- Engineering & Construction


E&C group has 5 member companies specializing in Plant, Construction, and Infrastructure, totaling USD 14b in order.
Business Area : Plant, Construction, Infrastructure
2010(f) Orders Amount : USD 14b - POSCO E&C, Sungjin Geotec, POSCO Plantec, POSCO A&C, Daewoo Engineering
[ Steel Plant] Integrated Steel Works Engineering Construction Cutting-edge, environment-friendly steel making method : FINEX [Chemical Plant] Oil & Gas Plant Engineering, Equipment manufacture, Construction [Power Plant] Coal Thermal & Complex Thermal Power Plant Green Energy : Wind/Nuclear/Solar Power Desalination Plant
23

POSCO Groups Business Area

[ Urban development & Architecture] New town & Complex Development


- Business district, Education facility, Medical/Research facility, and housing

[ Transportation & Civil engineering] Railway, Subway, High-rapid railway etc


- Pusan light rail transit, Incheon Intl airport railway, Seoul subway

Road, Port, Ground making, Golf course etc


- Expressway, Bridge, Pohang new airport

[ Water Treatment & Environmental Plant] Water treatment, Resource recycle, Air refining, Drainage pipeline

- Engineering & Construction : Main Project(1)


Steel Plant Project 10 projects in 7 countries, FINEX, Iron Marking, Steel Making, Continuous Casting, Hot Rolling, Cold Rolling etc.
KOREA CHINA JAPAN

POSCO Groups Business Area

TAIWAN MEXICO INDIA VIETNAM

KOREA FINEX, 1.5Mt (Jan 04~Apr 07) No.3 Sintering Plant, 6.3Mt (Nov 04-May 06) New Steel-marking Plant, 4.6Mt (July 08~Sept 10) Revamping of No. 3 machine for No. 2 Continuous Casting Plant, 3.5Mt (June 06~Nov 07) CHINA > ZPSS STS, 0.6MT (Dec 04~July 06) JAPAN > Asia Special Steel, 1.2Mt (Dec 07~May 09) TAIWAN > Prosperity PGL, 0.5Mt (June 07~June 10) VIETNAM > POSCO Vietnam CAL, 0.7Mt (Aug 07~Sept 09) INDIA > IISCO Blast Furnace, 1.4Mt (Oct 07-Dec 10) MEXICO > POSCO Mexico CGL, 0.4Mt (Oct 07~June 09)

FINEX

No.3 Sintering New SteelPlant, Korea marking Plant

ZPSS STS, CHINA

POSCO IISCO Blast Prosperity PGL , Taiwan Vietnam CAL Furnace

POSCO Mexico CGL

24

- Engineering & Construction : Main Project(2)


Energy Plant Project 11 projects in 3 countries, Power, Renewable, Chemical & Gas Plant etc.
KOREA South Jeju Thermal Power Plant, Units 3&4 100MW x 2 units (July 04~Mar 07) Yeongam Solar Power Plant, 3,000KW (Nov 08-Feb 09) Taegisan Wind Power Plant, 40MW (July 07~Nov 08) Busan RDF Power Plant, 25MW (Oct 09~Apr 13) Gwangyang LNG Terminal Tanks, 165,000k (July 07~May 13) POSCO SNG Plant, 0.5Mt (Nov 09~Dec 13) CHILE > Nueva Ventanas Coal-fired Power Plant, 240MW (Sept 06~Dec 09) > Angamos Coal-fired Power Plant, 260MW x 2 units (Sept 06~Dec 09) > Santa Maria Coal-fired Power Plant, 400MW PERU Kallpa Combined Cycle Power Plant, 830MW (July 10~July 12) Chilca Uno Combined Cycle Power Plant, 810MW
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POSCO Groups Business Area

KOREA CHILE PERU

Solar Power Wind Power Busan RDF Thermal Plant Power Plant Plant Power Plant

LNG Terminal Tanks

POSCO SNG Plant

Nueva Ventanas

Angamos

POSCO Groups Business Area

- Engineering & Construction : Main Project(3)


Urban Development Project Urban planning involves large-scale development projects, and can be considered as the centerpiece of general construction.
Master plan for Hanoi Metropolitan City
Area: 3,300, Project Period: 2008-2030 Specifications - Construction of a new capital, including new city development and all areas such as roads, water supply and drainage, electricity, railways, river improvement, and IT projects

Songdo International Business District


Investment Amount : USD 20.8 b Area: 5,740, Project Period: 2003-2014 Specifications - International Business District(690 ), Residential (1,390 ), Commercial (200 ), Sports & Cultural (1,190 ), Public (1,390 ) Parks & Greens (860 ),

26

POSCO Groups Business Area

- Energy

Energy group, Koreas largest private power plant, advances into global market and green energy biz to become a global energy company.
Business Area : Power Plant, LNG Terminal Operation, Fuel Cell
Energy/Resource
Oil / Gas

Green Energy
[ POSCO Power] Koreas Largest Private Power Plant & LNG Terminal, Fuel Cell Biz
- LNG complex plant Operation: 3,300MW

Fuel Cell : Domestic 32MW (100MW/year) Solar Power: Worlds largest(300MW) Biz Entry
Mineral

Overseas Biz : IPP Biz Entry (South America, Asia, Middle East)

IPP

[ POSCO E&E] Waste Power(37MW) Sewage sludge Fuel (1,000ton/day)

27

- Information Technology
IT/LED Group, with competitiveness in both IT and engineering for 30 years, is now creating Green ICT future by making ICT convergence.
Business Area : Engineering, Automation, SI, and IT Outsourcing, LED
[ By Service ] Engineering : From design to procurement, construction, operation, and post management
- Construction IT, Railway, Plant, Logistics, Power Generation, Energy, Environment IT & Engineering Service

POSCO Groups Business Area

Automation : Solution for process automation


- Integrated management of plant facilities, Quality management, facility automation

System Integration : Diagnosis and design of information systems, S/W development, H/W and network establishment IT Outsourcing service : POSCO information system operation [ By Industry ] Construction : Intelligent building system establishment, Digital home Railway, Traffic : Vehicles signals, communications, Railway station automation solutions etc Logistics : Logistics automation, unmanned system, overall baggage management, transport control system, and automatic container search system, consulting Manufacturing/Power generation : Automation systems, power generation system Environment : Incinerator control, Sewage processing & Waste energy system National defense, Public : Network-oriented defense knowledge informatization, U-Government
28 28

- Information Technology
IT/LED group is to play a leading role in promoting green growth by focusing on Smart grid and U-Eco City project, LED.
Business Area : Engineering, Automation, SI, and IT Outsourcing, LED
[ Smart Grid] Power grid optimizing energy efficiency, through interactive communication bet-ween power supplier and consumer. [ U-Eco City] Development of eco-friendly cities: Resource Recycle, Green Energy, Eco-friendly transportaion etc [ LED Lighting]
- Specialized in industrial lighting - Outdoor lighting, Intelligent road lighting - LED for marine environment, - Port, Automobile * Under construction
LED Material

POSCO Groups Business Area

LED Lighting

29

POSCO Groups Business Area

- Chemical

Chemical group, a leading manufacturer of refractories and industrial furnaces, is widening its territory into high value-creation biz.
Business Area
[ Existing Biz]
General Refractories Manufacturing Refractory's Maintenance work for Steel Mill Industrial Furnaces

[ New Biz]
Chemical POSCO steel by-product

Coal Chemical Investment


: Distiller etc

Engineering and manufacturing various industrial furnaces


Material

Environmental Business Environment enhancement products


Fertilizers Inorganic additives

Advance into high value-creating Area : Coal chemical, oil refinery etc

30

POSCO Group - Global Network


POSCO has a wide business network, domestic 201, overseas 172.
Global Network
(China 49, Australia 16, Vietnam 13, Japan 11, India 10, USA 10, Mexico 7 etc )

POSCO Canada l
l
l l l

VECTUS
POSCO America

l l l l l l l

POSCO-China l
ll lll l l POSCO l l l l India ll l l l l l l l l ll ll l l l ll l POSCO-Japan

UPI, USP

POSCO-Mexico, l l
l l

POSEC NIGERIA

l KOBRASCO l l

ll l l l

NMC

l POSCO Uruguay

POSCHROME

POSCO Australia

31

POSCO - Vision 2020


Expanding business areas/markets from ranging from steel to comprehensive materials
4 Greats Great Challenger
Sales Volume $200 Billon-sized Global Top Tier Biz Group
- Steel 6 vs Non-steel 4 / Traditional 8 vs New 2 / Manufacturing 6 vs Service 4

Great Voyager
Expand Market : Existing UI + Africa, Siberia, North/South Pole etc
- Domestic Sales 60% vs Overseas Sales 40%

Great Workplace
Family Management System on Trust, Communication, Innovation, Synergy
- Respected Company by practicing Human Respect and Social Responsibility

Great People
Growth of Company/Employee together by supporting individual Vision
- Individual growth through work, Desirable Work-place Culture, High Life-quality
32

Contents

I Daewoo International

II POSCO / POSCO Group


III DWIs Role in POSCO Group IV Business Opportunity

33

DWIs Role in POSCO Group


Project organizing, resources development, new business search, and steel trading in the group are to be the main role of DWI.
Project Organizer

+
Government or Project Owner Deal Sourcing (Facilitator) Steel Plant Construction/ Operation Social Infra
(Motorway, Railway, Port etc)

+
Energy Infra
(Power Plant)

Control System
(IT system, U-City etc)

Strengthen POSCO Groups Energy/Resource Biz

- Energy Exploration, Development & Marketing Biz : Oil, Gas etc


DWIs E&P business is to be accelerated through fully support by POSCO (In particular, funding)

- Opportunity for Mineral Marketing & Rare Metal Business


Trade POSCO Off-take in raw material

Enter into rare metal biz (include E&P) to assist POSCOs new material business
34

DWIs Role in POSCO Group


Screen & Incubate New Business for POSCO Group
- Seed Biz : Renewable Energy (Wind, Waste Recycle, Fuel Cell, Bio, SNG etc), LED, Smart Grid, Sea Material/Energy (Desalination, Wave Power) - Support Early Commercialization of Seed Biz utilizing DWIs Global Network

Trade Steels produced by POSCOs Overseas Steel Mills


- POSCOs Major Overseas Mill
Indonesia (6M ton, Under construction), India(8M ton, In progress), Vietnam(1.2M, ton) China (STS 1M ton), Mexico (CGL 0.45M ton), Malaysia (EGL 0.18M) etc

- Expand Trading Biz through Joint Venture on Coil Center with POSCO
* Apart from local sales, DWI exported 2.1M ton among 30M ton of POSCOs domestic production (2009)

35

Contents

I Daewoo International

II POSCO / POSCO Group


III DWIs Role in POSCO Group IV Business Opportunity

36

Business Opportunity
DWI, with POSCO Group, will provide the most competitive total solution for energy/resource development and project organizing.

Energy/Resource Development

Project Organizing & Development

Infra, finance, technology energy/resource, business opportunity

Government or Project Owner

Energy/Resource Gas, Oil Iron ore/Coal Copper/Chrome Nickel/Ore/Cobalt

Steel/Chemical Steel Plant Chemical Plant

Power IPP Water power Solar energy Geothermal power


37

SOC/IT Port Railway/highway Building and house

Thank You!

38

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