Investor Presentaiton

Energizing Economies ARIARIA MARKET IS ONE EXAMPLE OF THE MARKETS TARGETED FOR TRANSFORMATION Context • 37,000 shops, 16,000 of which currently use electricity Currently spend $21,000/day on electricity • Currently underserved and qualified as eligible customers Ariaria Market ARIARIA INT'L MARKET BA Paule Proposed Solution Phase 1: 5 MW of natural gas and diesel capacity ■Initial capital cost of $12M ■ 12,000 shops electrified with average load of 100- 200 W ■ Independent Distribution Network ■ Dense market area minimizes distribution costs, and smart meters allow for remote monitoring and control ■ $0.22/kWh solution is competitive with alternatives. The Private sector is responsible for funding, generation, distribution, metering and collections and the REA will manage and facilitate all interactions with the various state and federal level Ministries, Departments and Agencies RURAL ELECTRIFICATION AGENCY Source: REA Energizing Economies Baseline Survey and Energy Audit Report, 2017; RMI analysis 15

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