Investor Presentaiton

ANNUAL REPORT Kohala Hydropower Project P Private Power and Infrastructure Board The 1124 MW Run-off-the-River Kohala Hydro Power Project under the China Pakistan Economic Corridor (CPEC) is the largest foreign direct investment in any IPP of the country and also in AJ&K. Located in the north-east region of the country, the project is planned to be built in the Azad Jammu and Kashmir, on River Jhelum that flows into Azad Jammu and Kashmir. Weir/Dam site is located in village Siran (near Hattian, District Jhelum valley) while Power House is in village Barsala (near Kohala Bridge, District Muzaffarabad). 1,124 MW Kohala Hydropower Project is being developed by Kohala Hydropower Company Private Limited with China Three Gorges Corporation while China Development Bank and Habib Bank Limited are the Lenders of this project. Salient features of project are as follows: Project Company: > > Sponsors: > Location: > Capacity: > Energy: > A A Project Cost: > Applicable Policy Kohala Hydro Company (Private) Limited China Three Gorges South Asia Investment Limited (CSAIL)- China Three Gorges Corporation Jhelum River, Dam/Weir near Siran & Power House near Barsala/Kohala 1124 MW 5149 GWh US$ 2400 million 2002 59 59 ANNUAL REPORT Key milestones achieved > Issuance of LOS: 31.12.2015 > Environmental NOC: 22.12.2016 > interconnection Study: 03.03.2017 > EPC Stage Tariff Determination: 11.10.2018 > Execution of GoPIA 25.06.2020 > Execution of TPPA: 25.06.2020 Major Activities Planned for Next Fiscal Year: > Execution of AJ&K IA, AJ&K WUA > Completion of Land Acquisition Process > Execution of Financing and Insurance Documents > Execution of Direct Agreements to the GOPIA, TPPA, AJ&KIA, AJ&KWUA Private Power and Infrastructure Board > Approval of Term Sheet > Financial Closing Current Status: For declaration of Financial Closing by PPIB, the project is in the process of achievement of various critical milestones as outlined above. However, this project is facing delays due to various factors which mainly include Environmental Flow and execution of project agreements. Kohala hydropower project is set to be commissioned by June 2026. 60 60

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