EFTA01366638.pdf

Amendment #4 Page 209 of 868 any ip tot wit (approximately SO 054(VM) for production 10% above declared cacao!), factor n a Corned year Additionally the program provides for viability gap fundrg subsdes of INR 503 9 million, 50% payable as early as three months after commissennig and 10% payable every year for five years thereafter, subject to We parr meeting certain requirements SECI s contractualty obligated to estacish an irrevocable letter of credt to secure its payment obligations under the PPA Additonalty, SECI is required to hypothecate the revenues it receives under es back-to-back pwer sale agreement with local chines o the project NSM Our NSSILVona project is located in the Saamau Wage Mandsaur District of Madhya Pradesh. Inca This 12 7 MW capacity project commenced commercial operations Wang Ire first owner of 2015 This project Ltilizes fixed tilt technology in order to comply with local regulations, we hive a 49% ownership interest in this project with our Sponsor holding the remaining 51% ownership interest The project is part of the Jawaharlal Nehru National Solar Mission The ctixtetparty to the PPA is SECI The PPA is scheduled to terminate 25 years from the projects COD and provides for tariff of INR 5 45finndh (appoximmety SO OSiMAIn) doing is term with a flat tariff of INR 3 00.0(Vih (approximately SO 05/KWh) for production 10% above declared capacity facto in a contract year Additionally. the program also provides for viability gap trong subsidies of ikR 146 6 million 50% payable as early as vvee mortis after commissioning and 10% payable every year for Me years thereafter strotect to the pant meeting certain requrements SECI is contractual/yr °Legated to establish an rrevocade letter of credt to secure Fs payment obligatons trader le PPA Addbonally, SECI is required to hypOnecate the revenues C reoewes under its teck.to-back power sale agreement with local Writes to the project Bra ids Our Brakes project is located in the Munanjoatti Village. TrtneNeh Dstnct of Tamil Nadu, India This 7 5 MW capeccy project corrmenced commercial operabonsdtrirg the forth guano of 2014 This project urines tracking technoogy and is a Ostntuted generation project The counterpany to the PPA is Brakes Inns Limited which is the leading man..itaader of balong systems and ferrous casings in India Brakes has a longterm credit rating °IAA on ns Cash credit limits by Credit Rating Irforrreton Sennces of Inda Limited We have a 70% edstYmmerehP interest in an project As a result of a sharehdder loan made in favor of our local partner we have an effective economic interest in this project of 975% The PPA is screddessi to terminege cluing the fourth quarter of 2029 and minces for a ta all of INR 69911ON (approximately SO 11/kWn) which is escalated 2 9% each year on the annitersary of its COO for the next 15 years Raj 5 Our Raj 5 prosier is bested in the Rawra Visage. Mandsaa District of Rajasthan Inds Ths 5 0 MW capacity doled commenced commercial operations during the forth Moaner of 2011 This ;toted utilizes lewd td technology We have a 100% ownershp interest in ths project The project is part of the Jawaharlal Nehru National Solar Mission The counterpany lo the PPA is NVVN The PPA is scheduled to terrnrote during the farth quarter of 2036 and provides for a flat lard of INR 12 39/kWh (approximately SO 20&Wi) during its term NVVN s required to establish an irrevocable letter of credit to secure its payment (*kWh:xis ruder me PPA 201 http://cldocs.btov,o.com:27638/cf/dry7/pub/edgar/20 I 5/07/20/0001193 I 2 5-15-2 5646 I /d78... 7/20/20I 5 CONFIDENTIAL - PURSUANT TO FED. R. GRIM. P. 6(e) DB-SDNY-0058166 CONFIDENTIAL SDNY_GM_00204350 EFTA01366638