Investor Presentaiton

FiT in - Sri Lanka ✰ Avoided Generation Cost - early 1990 Generated enthusiasm for mini-hydro power Lack of transparency in calculating the actual avoided cost ➤ Hidden subsidies given to fossil fuel Technology Specific Financial Cost Reflective Tariff - (Flat and 3 - tier) - 2007 Generated enthusiasm for mini-hydro and wind power There was no way to meet the additional cost Above 25 MW - should have government shares Between 10 MW to 25 MW - negotiated price - Private companies Less than 10 MW - First come first serve basis - Private companies

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