1 Maheswari Mining & Energy Private Limited (DEVELOPMENT OF SOLAR PV PROJECTS) Registered under Companies Act involved in development of Solar Energy Projects in India 1

2 Email: gopallal.somani.mmepl @gmail.com[CEO] Mobile : 2

3 Contents 10 MW Solar PV Plants at Vikarabad - ImagesIndia’s Power Scenario - Renewable Energy in India National Solar Mission Target Introduction – Group Companies Introduction – Business Plan of MMEPL MMEPL Solar Projects Development Plan Project Status – JNNSM Phase II Batch 1, 1x10 MW Project Status – AP Open Offer , 2x10 MW – vkd, 1x5- mbnr Upcoming bidding – 50 MW solar from Badla rajasthan Project Variables and Financials. 3

4 10 MW SOLAR PV PLANT AT PEERAMPALLY, VIKARABAD, TELANGANA4

5 Pictures 5

6 10 MW SOLAR PV PLANT AT KOTHAGADI, VIKARABAD, TELANGANA6

7 Pictures 7

8 5 MW SOLAR PV PLANT AT ADDAKAL, MAHBUBNAGAR, TELANGANA8

9 Pictures 9

10 Energy Scenario in India10

11 India’s power system had an installed generating capacity of around ,14, MW (Jan 2017 Source - CEA). The country rich in thermal power plants i.e. coal, gas, naphtha or oil accounted for approximately 68% of total power generation capacity. Abundantly endowed with renewable energy in the form of solar, wind, hydro and bio-energy. Renewable sources of energy account for around 29% of the power generated. Government of India under NSM has decided Grid Connected Solar Power Projects to I ,00,000 MW by the year 11

12 Renewable Energy Capacity in India – Jan 2017Courtesy - CEA 12

13 MBG Profile - Business 13

14 With corporate office at Hyderabad the company has excellent infrastructure, and network of offices at all the important ports from the eastern to the western coast of India and abroad. Clientage In India - Prominent Public sector Utilities like TNEB, KPCL, AP Genco, Nalco, WPDCL apart from major cement industries and power producers spread across east and west coast India International - Peabody, Vitol, Cargill, PTT Thailand, Noble Trading, Samtan Co. Ltd., Glencore, Awan Trading Co., Phoenix Com Trade, Morgan Stanley, NCC Yemen etc. 14

15 Established in 1979 by a team of enterprising individuals the group company is involved in Coal Trading, Processing, Beneficiation and Logistics service provider globally. Started as a domestic coal trader, the company transformed into one of the leading players in the International coal scenario. Growing in leaps and bounds, pioneering path breaking initiatives, the company is now one of the major coal traders in India providing expertise, end to end solutions for procurement, movement, handling, customs clearing, logistics services in Coal Sector. In we imported approximately 30 Million MT of South African origin coal and 16 Million MT of Indonesian origin coal and carried a turnover of $ 750 Million. 15

16 Group Companies 16

17 Solar Energy Development Maheshwari Mining and Energy Pvt. Ltd. Abijit Solar Pvt. Ltd Global Coal and Mining (Associates Company) Coal logistics , Shipping, Beneficiation and ashery Mandhani carriers Pvt. Ltd., India Coal washery at Ramagundem, AP ,India (washing 1 MTPA) Coal washery at Managuru, AP ,India (washing 1.5 MTPA) Coal washery at Talcher, Orissa,India (washing 4 MTPA) Coal washery at IB Valley, Orissa,India (washing 4 MTPA) Real state Trident Properties Ltd., India 17

18 Business Plan 18

19 MMEPL and its promoters identified broad synergies for the interests of Chinese PV equipment suppliers and financial institutions. Development of Solar PV projects is the major activity MMEPL now experienced in bidding and winning the projects, bringing Chinese solar module at attractive cost, BOS supplies from strong EPC company in India bringing huge economic benefits to both parties Based on economic viability MMEPL will participate in the upcoming competitive bidding cycles of JNNSM, Rajasthan, AP, TN, MP etc. State Solar Policies and secure additional capacity of 100 MW. 19

20 Business Plan – Solar Energy20

21 MMEPL is promoted to implement Grid connected Solar Energy Project in India and abroad in Phases.Long term business plan – Solar Energy 50 – 100 MW PV project development in Rajasthan - Participating in competitive bidding process in NSM Phase-II, Batch-IV. Plan to bid a 50 MW under SECI 5x50 MW RFS at Badala Solar Park in Rajasthan – VGF scheme, Bid submission on 27th February, 2017 MW PV solar project development in AP, TN, MP and other State Solar Policy i.e. open access, third party PPA Plan for investing in MW Rooftop Solar Projects Short term business plan – Solar Energy 10-20 MW - Acquiring long term PPA and Third Party Power Sale Contracts 21

22 Phase I Development Plan 2016 -171 x 10 MW PV Solar Project : LOI awaited under 750 MW capacity development program of NSM Phase II Batch I VGF program. (Petition pending at Honorable High Court New Delhi 2x10 MW PV Solar Energy Projects under Telangana State Open Offer Solar Policy - Projects completed and connected with GRID – 132 KV S/S VIKARABAD on 31st March, 2016 1x5 MW PV Solar Power Project : PPA and SPV Acquisition Abijit Solar – Completion Dead Line – 31st December, 2016 22

23 Phase II Development Plan 2017 -18Plan to Bid for 1 X50 MW Project in NSM Phase-II, Batch-IV at Badala Solar Park in Rajasthan – VGF scheme, Bid submission on 27th February, 2017 10-15 MW Large scale Rooftop Solar Project (Open access, captive mode) 23

24 Project Status : Telangana Solar Policy –10 MW2x10 MWPV Solar Power Projects AP Solar Policy Status of Project LOI received – Project Completed and Synchronised on 31st March, 2017 Selection Criteria Net Rs. One crore / MW Open Policy – PPA for 20 years at fixed tariff of Rs per KWH(Down revised to INR 6.45 /unit with completion dead line to 31st March, 2016 Rs. 2 lakh / MW for 10 MW with processing fee of Rs. 2 lakh / per location. Project Implementation Period 12 Months from signing PPA (PPA signing date ). The Dead line extended till 31st March, 2016 with reduced tariff of INR 6.45 / unit Location Kothagadi and Peerampally in VIKARABAD Telangana, India Details of radiation data, land selection and permission for grid interface with state grid obtained. Project registered with Telangana with processing fee and land details. Investment Cost The overall investment cost to implement 10 MW project is estimated to Rs 69.5 crores for Single Axis Tracking Equity : 30%, Debt: 70 % 24

25 Project variables – Telangana Solar Policy 2x10 MW Solar PV ProjectsSingle Axis Tracking – Completed in March 2016 Parameter Value Unit Plant Capacity, AC 10.00 MW Plant Capacity ,DC 11.20 CUF % % Auxiliary Consumption 0.50% Generation per MW (1st Yr) 20.919 Lac Units Interest Rate for Term Loan 11.50% Repayment Period of Term Loan 12 Years Tariff Per Unit (PPA period of 20 Yrs) 6. 45 INR Tariff Per Unit (Post PPA Period) TBD O&M Cost per MW 1.50% O&M Escalation per Year 5.00% Dep. rate for P&M (Co. Act) 5.28% Corporate Tax 32.45% Land Required Per MW 5 acres Acres Land Cost Per Acre 6-7 Rs./Lacs 25

26 Project variables – Telangana Solar Policy 5 MWSingle Axis Tracking – Completed on 31st December, 2016 Parameter Value Unit Plant Capacity, AC 5.00 MW Plant Capacity ,DC 6 CUF % % Auxiliary Consumption 0.50% Generation per MW (1st Yr) 20.919 Lac Units Interest Rate for Term Loan 10.50% Repayment Period of Term Loan 12 Years Tariff Per Unit (PPA period of 20 Yrs) 6. 45 INR Tariff Per Unit (Post PPA Period) 20 O&M Cost per MW 1.50% O&M Escalation per Year 5.00% Dep. rate for P&M (Co. Act) 5.28% Corporate Tax 32.45% Land Required Per MW 5 acres Acres Land Cost Per Acre 5-5 Rs./Lacs 26

27 Project Returns- Telangana Solar Policy10 MW – 12% Extra Modules and Single Axis Tracking Completed EPC Turnkey Cost –Rs Crores for 10 MW Cost Over Run – Rs. 1.5 Crores due to extra transmission line, Excavation, Extra Hard ware and development . MEANS of FINANCE Equity – Rs Crore DEBT – Rs Crore SBI and IREDA Project Returns (Indian Environment of high interest rates) Equity IRR – % Project IRR % DSCR With low cost external funding i.e. Buyers Credit, application of auto trackers, strong O&M team, use of reliable module and equipment supplies at attractive cost the project returns improved 27

28 High lights - Merits Tier /315 /320 watt PV Crystalline module with DUV approved BOQ used 12 – 15 % extra DC capacity installed for powering 10 MW AC capacity Self designed Single axis Auto Trackers with DC drives installed for additional output Partnering with global design experts and introduced innovation Foundations customized for different terrains such as sand, rock and normal soil RO system installed for module cleaning SCADA and Weather monitoring on line system installed Site having higher GHI Yearly Mean Average kWH/M2/Day. (+) 24 % CUF estimated. Buyers credit facility arrangement with SBI for module sourcing. 28

29 Telangana Sites - MeritsDust level is low Sun angle is low More than 99% grid and plant availability Environment  temperature is low Moisture and Humidity low. Yearly Sun hours are more +320days Higher GHI and Lower Tilt Lower degradation due to favourable weather 29

30 Advantage - Telangana Favourable Solar Policy – 2015Thrust on Captive, Third Party sale and Open Access development Single window clearance Assured Grid Connectivity and Availability Prompt payments 20 – 25 years PPA Investment friendly environment Projects awarded through transparent cost competitive bidding process 30

31 Business Model – Project DevelopmentIn view of these synergies, MMEPL expresses keen interest to partner with Foreign Company in the areas of Solar PV Development in India and also in the domestic manufacture of Solar PV Value Chain. Bringing equity (major / minor) as investor Implement projects through SPV Arrangement of buyers credit (Financial closer achieved with Buyers Credit arrangement by SBI) Low cost debt finance Procured in Chinese Tier 1 PV modules and inverter supplies from Italy at attractive price EPC turnkey service from KEC a strong transmission company with very good financial strength and balance sheet   31

32 MMEPL Strength Strong credentials- The projects are technically strong, financially viable, free from all risks, bankable, reliable financial projections having strong credential of the promoters and the company Powerful management team and experienced technical lead having life time experience in Solar Energy Development Expertise in finance management Crisil BBB and A3 rating for its long term and short term credit facilities respectively 32

33 Single Axis Tracker selection and performanceDC drives are used, the drives are powered with uninterrupted source backed up by self supply modules - limiting auxiliary consumption. Linear actuators with proven time tested in field selected Each row of 40 modules is driven by independent drive The logic and schematics designed and selected by engineering team, tested in prototype and replicated for large scale application. 100 % availability and excellent performance Trackers follow SUN path every 10 minutes Economic benefits are huge compared to investment. 33

34 “We Envision “To be an integrated player across the Energy Value Chain, delivering quality power at competitive cost and creating superior value for all stake holders"

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