Investor Presentaiton

Ensuring optimum availability 91% 65% Commercial Availability^ 95% PLF 1 95% 91% 75% 67% 59% adani Power BU: Billion Units ■Generation (BU) Sales (BU) 20.7 19.1 17.8 16.4 51.3 48.2 47.5 44.4 Q3 FY20 Q3 FY21 9M FY20 9M FY21 Q3 FY20 Q3 FY21 9M FY20 9M FY21 Continuous focus on maintaining high levels of plant availability, reducing downtime, and integrating newly acquired power plants Higher commercial capacity declaration under long term PPAs has been supported by improved domestic coal availability Economic recovery post COVID-19 lockdown has improved power demand across States, resulting in higher drawdown under most long term PPAs Greater demand in merchant / short term markets, coupled with improving tariffs, has contributed to PLF growth in Q3 FY21 Udupi continues to see low PLFs due to higher renewable energy penetration ^Commercial availability declared under Long Term PPAs, excludes merchant capacity 16

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