EFTA01366664.pdf

Amendment #4 Page 235 of 868 INR 4.75AcWh In case of projects damn° accelerated depreciabon fa onward sale to state a chstrbdon Lodes at INR S 50/I0AM The solar project is enteled to receive viability hexing support in an amount determined through a compentwe adding process Such payment is made to the solar energy project over a five-year period from the date such solar plant commences cperabons and is faded by India's National Oean Energy Find The National Clean Energy Find is (named through a tax of INR 100 per ton of domestic a imported coal used in Meta Venous Indian states have implemerled cokes to promote the generation of solar paver. For instance, the State of Giaarat exempts scar project developers from payment of electricity duty on the sale of electnaty and payment of cross subeacty surcharges fa sale to open access consumers Ire &ate of Rapist ren also exempts the energy coreurred W to solar project developer for own use from payment a the elem. waty duly. Wnd rower goods MNRE provides a generation toned incentive impremerted though the Indran Renewed* Energy Development Agency Limited for grid corroded wind paver projects (excluding projects undertalarg thirdpany sales) commissioned on or after Aprl 1, 2012 The mcentwe rs currently available urn the end of the 12th Pan period (2012- 2017) Generation based incentives are limited to INR 0 50IkWh d electricity fed into the gid and are available fora maximum penod 0110 years with a cap of INR 10 melon per MW The total cisbursement in a year to erode wird power pcdxers cannot exceed one-fourth of the maximum lure of the ncentwe, I e INR 2.5 melon per MW dreg the first four years Generation based reentries are in ackldon to the Card approved by SERCa and available only re the benefit elf accelerated depreaaton is not Wend by the wed power project In addlion, stele specific policies also provide for various ncentives, sten as exenotion In payment of electrioty day, reduction of VAT, providing land at concessional lease rentals, and reduced wheeling arid transmission charges Additorally, an excise duly erempbon is also available on wind operated ereelnaly generators and coreessienal astern duty is applicable on import of speeded components a wind turbines, sitect to fulfilment of presented conclitens AI /enamels energy prcpects Inches National Tarn' Potty 21708 requires to SEROs to to a rninimum percentage of the electricity that must be purchased by adios operabrg m their jursdelon from renewable energy generators (itch as solar projects), taking erto account availability of such resources in the region and is impact on retail tangs and pocurernent by dismal:on companies al preferential tariffs This cibbgaton to purchase electricity from renewable sources s krown as a renewable purchase a:ligation, a •RPO ' This policy was amended in January 2011 to presente a nwiimum solar specific RPO ot 025% in 2012 to be inaeased to 3% by 2022 States such as Gujarat Chants/marl), Haryana Madhya Pradesh, Bihar and Goa have fend saar power RPO requirements at levels above the minimum level presented by the National Tariff Policy 2006 Tne RPO percentage for wind power propels varies from approximately 0 5% to 11 0%, depending on the kcal renewable resources and the electricity dignbuted in those states in 2010. We CERC implemented regulations designed to facilitate the development of a power market from nonccovenbonal energy sources by issuing transferable and saleable crecg certicates These regulations Malian knobilty and inter-state transactions of renewable energy by establishing a mechanism through which a market • based instrument can be traded freely and provide a means for fulfrivert of renewable purchase obligators by Inda's dram will open access consumers Ntlicusti these regUations established the necessary framework. Ire market for such renewable energy credit has not developed widely and is not liquid None of at Wenn proptels is partepating in the renewable energy credt certificate programs at this tme 227 http://cfdocs.btogo.com:27638/cf/drv7/pub/edgar/2015/07/20/0001193125-15-256461/d78... 7/20/2015 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0058192 CONFIDENTIAL SDNY GM_00204378 EFTA01366664