Investor Presentaiton

TATA POWER CGPL - High Powered Committee report on Compensatory Tariff TATA Gujarat Government initiated a High Powered Committee Report to find out solutions for the imported coal based power projects. HPC took inputs from earlier reports and engaged with all stakeholders and made various recommendations on 3rd Oct 18. Supreme Court passed an order that the HPC's report does not infringe upon its earlier order and directed CERC to hear all parties and pass an order in 8 weeks. As the other four states' procurers were not party to this agreement, discussions are in progress with them to secure their decision on the compensatory tariff. ➤ After receiving procurers' decisions, Company to approach CERC for their approval of comp tariff. Parameter Effective Date FOB Under- recovery • Recommendation/Proposal • Proposed to be made effective prospectively from 15th October 2018. No past losses. Compensation/Relief only for FOB under recovery subject to cap of HBA(6322 CV) Index of USD 110/MT(on monthly basis). Cap of HBA(6322CV) Index to be reviewed once in five years. No compensation against Fuel Transportation & Fuel Handling under recovery Lender's Sacrifice A notional fixed deduction of 20 paisa per Kwh against Energy Charges Mining Profit 100% of mining profit from Indonesian mining company receivable in India pertaining to Mundra offtake subject to minimum of 15 Paisa per kWh. Extension for 10 years. PPA Extension • Fuel Cost passed through. No mining profit sharing and Lenders sacrifice. Capacity Charges for the extension period adjusted with last year Capacity Charges (Current PPA) and consequential increase in O&M expenses plus additional capacity charges on R&M Cost in accordance with prevailing Regulations 36

View entire presentation