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PresentationThe Tata Power Title (Company Arial, Font size Ltd. 28 ) Date, Venue, etc ..( Arial, April Font size2013 18 ) …Message Box ( Arial, Font size 18 Bold) Disclaimer •Certain statements made in this presentation may not be based on historical information or facts and may be “forward looking statements”, including those relating to The Tata Power Company Limited’s general business plans and strategy, its future outlook and growth prospects, and future developments in its industry and its competitive and regulatory environment. Actual results may differ materially from these forward-looking statements due to a number of factors, including future changes or developments in The Tata Power Company Limited’s business, its competitive environment, its ability to implement its strategies and initiatives and respond to technological changes and political, economic, regulatory and social conditions in India. •This presentation does not constitute a prospectus, offering circular or offering memorandum or an offer to acquire any Shares and should not be considered as a recommendation that any investor should subscribe for or purchase any of The Tata Power Company Limited’s Shares. Neither this presentation nor any other documentation or information (or any part thereof) delivered or supplied under or in relation to the Shares shall be deemed to constitute an offer of or an invitation by or on behalf of The Tata Power Company Limited. •The Company, as such, makes no representation or warranty, express or implied, as to, and do not accept any responsibility or liability with respect to, the fairness, accuracy, completeness or correctness of any information or opinions contained herein. The information contained in this presentation, unless otherwise specified is only current as of the date of this presentation. Unless otherwise stated in this document, the information contained herein is based on management information and estimates. The information contained herein is subject to change without notice and past performance is not indicative of future results. The Tata Power Company Limited may alter, modify or otherwise change in any manner the content of this presentation, without obligation to notify any person of such revision or changes. This presentation may not be copied and disseminated in any manner. •THE INFORMATION PRESENTED HERE IS NOT AN OFFER FOR SALE OF ANY EQUITY SHARES OR ANY OTHER SECURITY OF THE TATA POWER COMPANY LIMITED. …Message Box1 ( Arial, Font size 18 Bold) A Tata Group Company Promoter Revenue by business segments Listed Companies Mkt Cap ($ bn)2 Shareholding (%)1 73.9 Chemicals, Tata Consultancy Services 51.9 3 Services, 4 Tata Motors 17.6 34.7 31.3 Engineering Energy, 6 Tata Steel 5.5 , 39 Titan 4.5 53.1 Tata Power 4.2 32.5 IT & Comm, Revenue 16 Tata Global Beverages 1.7 35.2 FY 2012 INR 4,757 bn Tata Chemicals 1.6 31.1 Tata Communications 1.2 76.2 Consumer Products, 4 Indian Hotels 0.9 37.5 Materials, 32.6 28 Trent 0.7 Voltas 0.5 30.2 Rallis 0.5 50.1 Chemicals Energy Services IT & Comm Consumer Products Materials Engineering Notes: 1 As of March 2012. Source: BSE website 2 As of 2 May 2013; Conversion rate of 1US$ = INR 53.82. Source: Tata group website …Message Box2 ( Arial, Font size 18 Bold) Tata Power: Business Overview • Trombay • Hydro • Jojobera • Belgaum • Haldia • Wind Farms Power Generation • CGPL (Mundra UMPP) 100% Business • Maithon 74% • IEL 74% • Dagachhu 26% • OTP Geothermal 50% Transmission • Mumbai • Powerlinks 51% Distribution • Mumbai • Delhi: NDPL 51% Investments • Jamshedpur : TP-PDL Trading Technical Financial • Tata Power Trading 100% • Exergen 5% • TTML 7% Fuel & Logistics • Indonesian Coal Mines (KPC and Arutmin) 30% • Geodynamics 9% • TTSL 7% • Indonesian Coal Mine (BSSR) 26% • Sunengy 15% • Panatone 40% • Mandakini 33% • Tata Comm 17% • Tubed 40% • Trust Energy 100% Other • SED Businesses • Tata Power Solar Systems 100% Division Other SPVs Investment % stakes • Tata Projects 48% …Message Box3 ( Arial, Font size 18 Bold) Our Power Business Power generation capacity (MW) Installed Thermal 7647 MW Hydro 447 MW Dugar Hydro Wind 398 MW Solar 28 MW Transmission Powerlinks NDPL Distribution DHPC Bhutan Under Execution IEL Thermal 202 MW Jojobera Hydro 126 MW Gujarat Jamshedpur Tubed Mundra Haldia Solar 10 MW Mithapur Maithon Coal mines 13.5 MT Kalinganagar Mumbai Lodhivali Operations – Maharashtra Mandakini 2027 MW Mulshi Belgaum Karnataka Tamilnadu …Message Box4 ( Arial, Font size 18 Bold) Existing Generation Assets and Growth Plans Trombay 1580 Bhivpuri 75 Projects in advanced Projects under Bhira 300 stages of development scanning- 7000 MW* Mulshi 10 Khopoli 72 Tata Motors Belgaum 81 Thermal 8200 Rooftop 0.5 Renewables 1000 Wind 398 Dagacchu 126 Haldia 120 25000 MW Kalinganagar 202 TOTAL 9200 Jojobera 428 IEL 240 TOTAL 339 Solar 28 30000 Maithon 1050 TPDDL 108 Lodhivali 40 25000 Mundra 4000 3521 443 2640 2500 20000 TOTAL 8521 1377 550 2951 15000 8200 426 12 10000 126 19000 447 202 5000 7647 0 Hydro Other Renewables UE – Under Execution, UD – Under Development Thermal * Gap would be reduced if Phase II projects and possible domestic coal based UMPP come up …Message Box5 ( Arial, Font size 18 Bold) Existing Generation Assets - Business Models Capacity % of overall Model (MW) capacity Returns Upside Tata Power projects Off-take counterparty Mumbai Operations BEST, TPTCL, Tata Fixed return Savings on Norms + (Thermal & Hydro), Regulated returns 3425 40% Power Distribution, on equity PLF incentive Maithon, Jojobera, DVC,NDPL,WBSEBL TPDDL Regulated tariff Savings on capex + CDM BESCOM, GUVNL, Fixed tariff + mechanism 426 5% certificates / RECs as Wind, Solar TPC-D, Tata Motors, PLF driven (renewables) applicable TANGEDCO Jojobera Captive power PPA driven Merchant sales + saving on Tata Steel 428 6% Jamshedpur (PH6) plant (14-19%) PPA terms + PLF incentive IEL (Unit 5) Haldia (100MW) Merchant 140 6% Market driven No cap on returns Lodhivali (40MW) MoU/Bilateral 20 <1% PPA driven As per PPA Haldia (20MW) WBSEDCL KPTCL, Gujarat, Case II (for 4081 43% Bid driven PLF incentives Belgaum, CGPL Maharashtra, Punjab, project) Rajasthan, Haryana …Message Box6 ( Arial, Font size 18 Bold) Projects Under Execution Capacity Project Fuel Fuel Supply Agreement (FSA) Power off-take COD (MW) •Domestic Coal; 100% linkage sanctioned •FSA with Bharat Coking Coal for Unit 1 & 2 Coal 1.659 MTPA PPAs have been commissioned; Railway Maithon 1,050 Linkage •Central Coalfields has signed FSA signed for 750 MW linkage under for 1.975 MTPA construction •FSA with Tata Steel for 0.05 - 1 .00MTPA Dagacchu 126 Hydro NA TPTCL FY14 Production gases supplied by Tata Gas based – All 3 units Kalinganagar 202 Gas based Tata Steel Steel expected by FY15 …Message Box7 ( Arial, Font size 18 Bold) Mundra UMPP (4000 MW) Capacity . 4000 MW (5 X 800 MW) Customers . Gujarat (1805 MW), Maharashtra (760 MW), Punjab (475 MW), Haryana (380 MW), Rajasthan (380 MW) Fuel . Imported Coal – 10-12 MTPA Requirement & . Offtake agreement with Indocoal for 10.11 ± 20% Source . Looking for additional mines in Australia, Mozambique, S. Africa, Indonesia Funding . Project Cost: Rs 170 bn (D/E: 75:25) . As of Q3FY13: Debt drawn – Rs. 130.1 bn, Equity invested – Rs. 41.63 bn Completion . Linked to evacuation. Unit #1, #2, #3, #4 are operational. Units #5 expected to be commissioned be FY13 end External . 400 kV switchyard was charged on 1 October 2011 with power from PGCIL. It is stabilised and Generator Linkages Transformers are charged . External coal handling facility to unload ship directly to main plant commissioned and is in use Unit#1-5 . Unit#1-5 have been commissioned and COD has been declared. …Message Box8 ( Arial, Font size 18 Bold) Maithon Power Limited (1050MW) Status . Project commissioned Capacity . 1050 MW (2 X 525 MW) . DVC (300 MW), NDPL (300 MW), WBSEB (150 MW), 300 MW under negotiation Customers . Long term (30 yr) PPAs commence on CoD for DVC & 1st April 2012 for NDPL and WBSEB . Domestic Coal; 100% linkage sanctioned Fuel Requirement . Fuel Supply Agreement (FSA) signed with Bharat Coking Coal for 1.659 mtpa & Source . FSA signed with Central Coalfields for 1.975 mtpa for Unit 2 . FSA signed with Tata Steel for upto 1 MTPA . Project Cost: Rs.52.32 bn; (D/E: 70:30) Funding . Q3FY13: Debt drawn – Rs.28.97 bn, Equity – Rs.14.35 bn Expected Returns . Regulated: 15.5% ROE + Performance Incentives . Work is in progress in the construction of the railway line to transport coal. Completion of railway infrastructure is expected to be delayed since land acquisition is not complete. Coal is currently being transported by road – road External Linkages transportation contracts have been signed . Evacuation ready. Connection agreement signed with PGCIL Unit#2 . Unit#2 COD was declared on 24 July 2012 …Message Box9 ( Arial, Font size 18 Bold) Renewable Projects Under Execution . 2 x 63 MW run of the river Hydro project with Tata Power holding 26% and Royal Govt. of Bhutan holding 74% . Project cost- ~USD 200 million with debt equity of 60: 40; debt tied up with ADB and others Dagacchu 126 MW . PPA signed with Tata Power Trading Company Ltd. Hydro project . Bhutan Power Transmission to provide transmission access to Bhutan border . Commissioning expected by 2014 . Tata Power and Origin Energy of Australia, in consortium with PT Supraco, have been awarded the geothermal exploration concession in Indonesia OTP Geothermal . Concession to develop 240 MW . Won project through competitive process which saw participation from Chevron, PT Medco