EFTA01366640.pdf

Amendment #4 Page 211 of 868 lAtitstriclArigi The cowiterparty to the PPA is GUVNL The PPA Is scheduled to terminate 25 years from the commencement of corrrneros operatons and provides for a fiat tariff of INR 15 00fIdAti (approxrnately SO 24t1rWri) for the first 12 years of is term and INR 5 00/InAti (SO 084W') for the remaining 13 years GUVNL is contractualy obligated to establish an irrevocable letter of credit to secure Ispayment otligetcns under the PPA ESP Urp Our ESP Urpa project is located in the Dhama Viagra, Surendranagar District. of Gujarat. Irdia This 3.7 MW capacdy project comrnerced commercial operations during tie loath crusts of 2011 This protect Wads fixed tit technotgy. In order to comply wth local regulabons, we have a 74% ownership Merest In Ins project, with our Sponsor ndrectif Song tte remaining 26% ownership interest The counternarty to the PPA is GUVNL The PPA is scheduled to terinnate 25 years from COO and peonies for ant tariff of NR 15 OD: ANT (approximate? SO 24WM) for the first 12 years d its term and INR S 0340Ah (SO 08/IdAti) for the remaining 13 years GUVNL is contractually obligated to establsh an irrevocable letter of credit to secure is payment otagations under the PPA Baa Sae Cur flora Bora project fl oated in the Decamped,/ Vilbsge, Anantapur District of Andhra Pradesh, India Ins 17.8 MW project is expected to commence operations in the second half of 2015 Tre project veil consist of 12 wind turbines of 2 0 MW capeoty each manufactured by Gamesa Our project company has entered into a capaoty allocation agreement with New and Renewable Energy Developrent Corporation of Andhra Pradesh Ltd , the goverment nodal agency for developenert a renewable projects in the state of Andhra Pradesh The capacity allocation agreement eddies the project company to undertake the development of the project at the ncated bite and enter Ito a PPA wth the "afters in accorcence wth the curter! state policy. As per tie current state poky. the courterparty to the PPA will be the Andva Pradesh Southern Power Distribution Company Limited, or 'APSPOCL,' *tech s one of the main dsinbuton companies in the state of Artna Pradesh APSP1:CL has a credit rating of BS+ on its cash credit lines by Credit Rating formation Services of Was Limited The PPA will be sgned warm the rein quarter at our decreton and rs expected to provide a flat tariff of approximately SO.MIAMI for 25 years from the ODD. Purwant to an investrrert agreement, ow Sponsor coil transfer a 74% &pm rarest in the project to us at the commercement of commercial operators of the prqect which we expect to occur ri the second half of 2015 On the oneyear anniversary of the COD. our Sponsor will transfer the remanng 26% interest to us Shakrari Our Efikrani project is located an the Jaisalmer ()isnot of Rajasthan, Inds This 200 MW capacrty project commenced commercial operations Wang the second quarter of 2014 This project utlizes Enercon E-53 wind bibles. Upon the completion of the FERSA Transaction, we will have a 100% ownership interest in this project. The cointerparty to the PPA is Japu Victsut Wren Nem Londe& or *JVVNL: with is one of the three thirty companies that distribute power in the Indian state of Rajasthan JWNL, established m 2002 after a restructunng of the states electnoty sector serves 13 distncts n Rajasthan The PPA provoles a fixed tariff or INR 5 46/WM (approximately SO 0986%46 and is scheOu1ed to expire in 2039 OW will be provided by a thrd-party prowler, Enercon India Laded, for an irtenm period, after which affiliates ce as Sponsor will assume OVA responsibilities 203 http://cfdocs.btogo.com:27638/cf/drv7/pub/edgar/2015/07/20/0001193125-15-256461/d78... 7/20/2015 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0058168 CONFIDENTIAL SDNY_GM_00204352 EFTA01366640