Investor Presentaiton

6th International Conference on Smart Energy Systems 6-7 October 2020 #SESAAU2020 Conclusion • PV + storage (PHS) better suited for rural electrification than grid connected systems • • ● Batteries remain an expensive option for utility scale systems as compared to PHS Driving down capital cost of PVs could have a significant impact on NPC and could accelerate electrification in the region Following suggestions may help achieve universal electrification: - In house PV production - Subsidies for solar PV - Rapid effective unbundling of energy sector 37

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