Adani Green Energy Limited

Recent Industry Developments Power Sector Policy Reforms Renewable Sector Reforms and Developments adani Renewables Ministry of Power (MOP) mandates DISCOMs to open and maintain LC's as payment security under PPAs " Despatch to DISCOMS to be scheduled after written confirmation by generators with regards to opening of LC by DISCOMS In case LC is not opened by DISCOM, resulting in non-scheduling of power, the DISCOM is liable to pay the fixed charges to the generator ■ MNRE has clarified that fixed charges for Solar, Wind & small Hydro will be full PPA tariff as signed by DISCOMS Amendment in Wind Guidelines allowing ☐ " Developers to have 100% possession of land by commissioning; instead of 7 months from LOA, as mandated earlier Revision in CUF allowed once in 3 years from COD vs. once in one year from COD, earlier Full tariff on power injected before Scheduled Commissioning Date MoP has granted regulatory approval for 66.5 GW of transmission network for Wind and Solar power projects in TN, AP and KA National Electric Mobility Plan 2020 Targets Deployment of up to 7 mn EVs India's Economic Survey forecasts $330 bn investment in renewable sector by 2030 Government is reinforcing its commitment towards renewables through continued policy reforms 21

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