Investor Presentaiton

Hydro Pumped Storage Projects (PSP) JSW Energy India's Market Potential Only 3.3 GWh operational out of 90 GWh potential . Hydro Power Obligations to bolster development of PSPS Waiver of ISTS charges also allowed for Hydro PSP JSW's Plans In Advanced Stages for 2.5 GW PSP • Signed MoUs with Govt. of Maharashtra for 1.5 GW Hydro Pumped Storage Projects and a Letter of Intent with Govt. of Rajasthan for 1 GW Hydro Pumped Storage projects • Water allocation approved • Applied for Environmental clearance . Techno economical feasibility studies are being done Supporting 2030 RE Target of 500 GW Hydro PSP to provide adequate peaking reserves, reliable grid operation and integration of variable. renewable energy sources Key Highlights: • Long Project Life Low construction cost and better PLF vis-à-vis conventional hydro projects Supports Grid Stability • High tariffs with attractive returns Identified further resources in Andhra Pradesh, Telangana, Orissa, Chhattisgarh and Karnataka Benefit of JSW's proven experience with managing the largest hydro portfolio in the private sector PSPs integrated with RE power can provide firm despatchable RE power Expected Timeline: • • Project Clearances: 3 Years (in progress since FY21) Project Construction: 3 Years (expected from early FY24) JSW Energy Investor Presentation Source: Central Electricity Authority I 15

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