Investor Presentaiton

ANNUAL REPORT P Private Power and Infrastructure Board 1263 MW RLNG based Power Project near Trimmu Barrage, District Jhang by Punjab Thermal Power Limited Punjab Thermal Power (Private) Limited (PTPL) is a company wholly owned by the Government of Punjab incorporated for development of a 1,263 MW R-LNG based Combined Cycle Power Plant located near Trimmu Barrage on the confluence of two rivers- Jhelum and Chenab and it is the largest RLNG based power generation project under Power Generation Policy 2015. This is the second RLNG based power project being developed by the Government of Punjab through its own resources, the first being the 1,180 MW Bhikki Power Plant, which has already entered full-fledged combined cycle commercial operations and has generated over 9.3 billion units during last year. Salient features of project are as follows: Project Company: Punjab Thermal Power Limited Key milestones achieved Issuance of LOI: ΛΛ A A A A A > Sponsors: > Location: Fuel: > Capacity: Project Cost: US$ 707.759 million Applicable Policy 2015 Punjab Thermal Power Limited, Owned by Government of Punjab Issuance of LOS: 26.07.2017 26.01.2018 Near Trimmu Barrage, District Jhang, Punjab 1,263 MW Signing of PPA: Signing of IA: 22.06.2020 26.06.2020 RLNG Current Status: The Project is at advanced stage of development, with over 80% of the construction work completed and it is being developed using Siemens' air-cooled, H Class gas turbines with power plant's net efficiency of 61.16% at reference site conditions. The 220 kV transmission line for power evacuation has also been completed by NTDC. The Project is in the process of achieving Financial Closing (FC). Upon PTPL's request, the FC deadline was extended to 24th July 2020 by PPIB Board owing to reasons beyond the reasonable control of the Company. However, due to COVID 19 lock down adverse implications and non-execution of agreements, certain activities / tasks depending thereupon have not been completed. PTPL has requested further extension in the FC Date for a period of six (6) months, which will be taken up with PPIB Board in its next meeting. 97

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