Investor Presentaiton

ANNUAL REPORT Karot Hydropower Project P Private Power and Infrastructure Board ANNUAL REPORT Suki Kinari Hydropower Project Private Power and Infrastructure Board 720 MW Karot Hydropower Project is a run of river project which is being built on River Jhelum under the provisions of Power Generation Policy 2002. It is a dual boundary project located between District Rawalpindi Punjab and District Kotli, AJ&K. It is being developed by M/s Karot Power Company (KPCL), a special purpose vehicle in which China Three Gorges South Asia Investment (CSAIL) holds a majority share. CSAIL was established by China's state-owned China Three Gorges Corporation's (CTGC) overseas intermediary, China Three Gorges Investments; while CTGC was founded to build Three Gorges Project, the world's biggest hydroelectric power plant, at 22.5GW capacity in China. Karot Project will bring Foreign Investment of around US$ 1700 Million to the country and it is being financed through Debt Equity ratio of 80:20%. Salient features of project are as follows: > > Project Company: Sponsors: > Location: > Capacity: > Energy: > Project Cost: > Applicable Policy Current Status: Karot Power Company (Pvt.) Limited China Three Gorges South Asian Investment Limited and Focus Power nvestment Limited Jhelum River, Dual boundary of District Rawalpindi, Punjab & District Kotli, AJ&K 720 MW 3249 GWh US$ 1689 million 2002 Key milestones achieved The 884 MW Suki Kinari HPP is located on river Kunhar, District Mansehra, Khyber Pakhtunkhwa. This Project is sponsored by China Gezhouba Group Company and M/s Haseeb Khan with the lending from Export-Import Bank of China and Industrial & Commercial Bank of China. Suki Kinari Hydropower project is ranked as first and the largest hydro project of country and also the first amongst fleet of CPEC hydro based projects which achieved Financial Closing and started construction activities. The Project brings considerable foreign investment from China and will inject about 3,129 Million clean, reliable and affordable units of electricity every year in the national grid. Salient features of project are as follows: > > Project Company: Sponsors: Issuance of LOS: 29.08.2013 FC Date: 22.02.2017 > Location: River Closure: 22.09.2018 Construction activities at site are going at full pace. So far 75% construction work has been completed and efforts are being made to complete the Project by December 2021, however, due to Covid-19 Pandemic situation, Project Company has served notices for Force Majeure Event under project Agreements (GOPIA, etc). > Capacity: A A A A SK Hydro (Pvt.) Limited China Gezhouba Group Co., and M/s Haseeb Khan (Pvt) Ltd., Lahore. Kunhar River (a tributary of River Jhelum), District Mansehra, Khyber Pakhtunkhwa 884 MW > Energy: 3129 GWh Project Cost: > Applicable Policy US$ 1956 million 2002 Current Status: Key milestones achieved Issuance of LOS: 19.07.2011 FC Date: River Closure: 31.12.2016 30.09.2019 Construction activities at site are going at full pace. Project will be constructed in a period of six year, whereas, so far, 49.29% construction work has been completed and efforts are being made to complete the Project by December 2022. 57 58 59

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