Investor Presentaiton

Case Studies - Infrastructure KAZ: Total Eren Access M-KAT Solar Power Project IND: Railways Track Electrification Project WAP 4 22820 आरपीएम रेल INDIAN Client: M-KAT Green Limited Liability Partnership ADB Assistance: $30.5m loan equivalent in tenge Key Features: . The project will build, operate, and maintain a 100 MW direct current solar power plant in southeastern Kazakhstan. The assistance will stimulate the efforts of the Government of Kazakhstan to promote investment in the renewable sector helping replace imports of electricity in power-deficient southeastern Kazakhstan with indigenous renewable sources. M-KAT Green LLP is an SPV that is 100% owned by Total Eren SA. Total Eren is a French IPP company specializing in renewable energy. It develops, builds, and operates renewable energy assets in both developed countries and emerging markets with growing energy needs. ADB's Value Addition: • Provide long-term local currency financing not readily available in Kazakhstan. Create a demonstration effect on other developers and sponsors, thereby helping establish the viability of solar power projects. Ensure development of high environmental and social standards. Approval Date: 14 January 2019 Commitment Date: 8 April 2019 Indian Railways Client: Indian Railways Finance Corporation ADB Assistance: $750m loan equivalent in Indian rupees Key Features: • The Government of India has placed significant emphasis on investing in infrastructure and has developed a 5-year, $132 billion capital expenditure program for the modernization of Indian Railways, which it owns through the Ministry of Railways, and is the third largest railway network in the world. Part of the overall master plan is the electrification of railway tracks which is critical for the movement of goods and people within the country. Electric traction is more advantageous than diesel-powered trains since it is inexpensive to operate, uses renewable energy and recovers energy from braking or slowing down of the train. The project involves electrification of approximately 3,378 route km of existing railway tracks spread across 13 states in India. ADB's Value Addition: • • ADB's 20-year amortizing local currency loan will allow Indian Railways to match the cash flows from the assets to loan repayment with no foreign exchange risk. ADB's participation will help attract private sector insurance companies by way of unfunded risk transfers, which is an important and new source of mobilization. ADB will also provide technical assistance to Indian Railways which will help build capacity on environmental and social safeguards systems required for implementing the railway electrification subprojects. Approval Date: 10 July 2018 Commitment Date: 16 May 2019 7 October 2019 99 68 ADB

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