Investor Presentaiton

ANNUAL REPORT P Private Power and Infrastructure Board ANNUAL REPORT Kathai-II Small Hydropower Project Ashkot Hydropower Project Private Power and Infrastructure Board Kathai-II Hydropower Project is to be located on Upstream of existing Kathai-I Hydropower Station on Kathai Nullah, District Hattain, Azad Jammu & Kashmir. Kathai-II Hydro (Pvt) Limited is a SPV under project venture of M/s JDW Sugar Mills Ltd, to set up Run-Off-The-River 8.0 MW Hydropower Plant (HPP) in District Hattian, AJ&K. This project shall also be implemented on Build, Own, Operate and Transfer (BOOT) basis under Power Generation Policy 2015 with a concession period of thirty years after construction period comprising of three years. Salient features of project are as follows: >> Location: Key milestones achieved Upstream of existing Kathai-I > Issuance of LOI by GOAJ&K Hydropower Station on Kathai > Approval of Feasibility Study: Nullah, District Hattain, > EPC Stage tariff Determined by NEPRA: 06.06.2012 09.11.2016 22.11.2018 Azad Jammu & Kashmir Ghori > Wala Katha, Muzaffarabad, Azad Jammu & Kashmir > Approval of PPIB Board for issuance of LOS: 06.05.2019 Issuance of LOS (Tripartite LOS) by PPIB: 20.11.2019 > Capacity: 8.0 MW > Applicable Policy 2015 The Ashkot Hydropower Project is identified as a raw site on the Neelum River near the village of Ashkot, some 75 Km from Muzaffarabad capital of AJ&K. The Project is owned by a SPV Ashkot Energy (Pvt) Limited and is being developed by the Laraib Group, the developer of the first hydro IPP of Pakistan i.e. 84 MW New Bong Escape Hydropower Project and the 700 MW Azad Pattan Hydro IPP. Considering its capacity as 40 MW, the earlier development of the Project was initiated by the GOAJ&K. Later on, during the conduct of feasibility study, the capacity of the Project was optimized to 300 MW. It is worth mentioning that under the legal regime in AJ&K, the projects above 50 MW have been processed by PPIB in the capacity of Agent of the AJ&K Council. Therefore, the GOAJ&K requested for transfer of the Project to PPIB in the backdrop of optimized capacity. The Board of PPIB allowed PPIB to process the Project under the Policy for Power Generation Projects 2002. The Board further allowed PPIB to evaluate the technical and financial credentials of the Project Company/Sponsors for its consideration prior to issuance of Letter of Interest. Accordingly, the process for evaluating technical and financial credentials of sponsors through independent consultant has been initiated. The Ashkot Hydropower Project is on hold due to delay in approval of IGECP by NEPRA. Once project is included in IGCEP and thereafter, it is approved by the NPERA, the PPIB would be able to further process this projects. The Project entails Foreign Direct Investment of more than US$ 800 Million with the capacity of generating energy upto approximately 1347 Gwh per annum. Current Status: Sponsors are in the process of achieving the Financial Close and execution of project agreements etc., under the LOS. 67 68

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