Investor Presentaiton

Renewables sector outlook- more opportunities for TATA POWER growth Wind Solar 750 GW 102 GW Small Hydro 20 GW Bio-Energy 途 25 GW 5.3 Solar Tariff (Rs/unit) 4.6 4.3 4.4 4.4 TATA 3.5 3.3 2.9 2.7 2.4 2.5 Apr Jun Oct Jan Jul Oct May Jul Sept Dec Feb 15 15 15 16 16 16 17 17 17 17 18 India has a target of 175GW by 2022 To achieve this ~105GW is to be added in next 4 years Highest growth potential in solar rooftop generation Competition is high in renewable bids adding stress on margins 3.5 Wind Tariff (Rs/unit) 2.9 2.6 2.6 2.4 April 17 Oct 17 Dec 17 Feb 18 Mar 18 India green energy resource potential - 900GW offers huge growth opportunities 23 23

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