EFTA01366637.pdf

Amendment #4 Page 208 of 868 t ig rolpmt Orr ha projects NSM 24 Our NSM 24 project is boated in the Ugaras Vince. Tenn Fnalcch Jodhpur District of Raps-than. India Tin 23 9 MW ninny protect commenced cornmewal operatcrs during the first quarter of 2013 This project dazes fixed tilt technology. whereby the solar photovoltaic, or 'PV." panels are nectonally tilted and remain in eat same ponce) through the lie of the project lab have a 100% ownership interest in this project The project is pert of Use Jawaharlal Nehru National Solar Mission. Inn's flagship solar pcocy program The counterpart,/ to the PPA is NTPC Vicett Vyanr Ngam Limited, or 'NVVN,' a wholly owned ntedary of NTPC Lented, wrath Is tre largest stale-owned energy producer in India with 41 GW of power plants located Woughout Inn NVVN has a long-term credit ratirg of AAy on its cash crecN fl its by Credt Rating Irforrehm Services of Iron Umited. a glatel ratngs fern affiliated with SW The PPA is scheduled to terminate clang the first garter of 2038 and provides nor allet we of NR a 28/1Mt (approxmately SO 15ilftiVh) caring its term NVVN is required to establish an 'revocable letter of credit in the name of the developer to secure its payment obligations under the PPA NSMStrynabh Our NSM Suryalabh project is located in the Kalyan Singh ki Sid Village. TOM Bap Jodhpur Dratnet, of Rajasthan Inda Ins 19.1 MW capacity project comieruxa commercial operators drug the fist quarter of 2015. This project utilizes fond to technology. In order to comply with Kcal regilators, we have a 49% ownership interest in this protect with our Sponsor balding the reranng 51% ownership interest The protect is pan of the Jawaharlal Nehru National Solar Mission The counterparty to the PPA is Solar Energy Corporation of Inn, or 'SECI,' a not-lorprofit company established by MNRE to facilitate solar energy generation cap*tty in India MNRE was established by the Kenn Government to faollate research development commercialization and deployment of renews tre energy systems on a natonal level for various applcabeas in rural. urban. manna and connecter sectors The PPA is schedubd to terminate 25 years from the projects COO and provides fora fat tare of INR 545/W41 (approximately SO 09/W1h) dung its term with a Dal are of INR 3 00/KWII (approximately SO 05/1(143 4 / ) for production 10% atove declared capacity factor in a contract year Addtionaly, the program also provides for v sanity gap fundrg subsides of NR 281 9 mem, 50% payable as early as Wee morths is alter convnesonng and 10% payable every year for live years thereafter suttee! to to plant meeting certain requirements SEG contractually elongated to establish an irrevocable leper of credit to secure its paymert obrigetions under the PPA Acntionally, SECI is required to hypothecate the revenues it receives under its tack-to. beck power sae agreement wth local mines tote project NSM Setwa Our NSM Stara project la located in the Stemau Village. lAandsaia Rend, of Madhya Pradesh India This 15 2 MW capacity project coninenced commercial operations during the fist quarter of 2015 This project utdoes trading tecrinciogy, which coneruousty orients the PV panes in the rarectran or tre eretnig the project to generate none eiectncity on a ally bass than a baneful fixed ON system In order to comply with the local regulations, we have a 49% ownership interest in this project, with our Sponsor holdng the remaining 51% ownership interest The project is pat of the Jawaharlal Nehru Natonal Solar Minion The counterparty to the PPA Is SECI. The PPA is scheduled to terminate 25 years from die COD and provides for a flat tariff of 5 45/kWh (approxinstely SO 09/KiAtrt Curing ts term with a flat are of NR 3 00OONti ZO 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-0058165 CONFIDENTIAL SDNY_GM_00204349 EFTA01366637