EFTA01366819.pdf

\mellifluent f:-f Page 390 of 868 Renova Energy Projects I Notes to the unaudited condensed combined interim financial statements (Thousands of Brazilian Rears - RS. unless otherwise stated) 1. Organization and description of business Renova Energy Projects I (the 'Group' or Ire 'Company') comprises the operating assets. Imbibes and operating acentres of Energetic. Serra do Prata S.A (Ewe). Salvador Ealca ParbapagdeSS A (- Salvador), Bahia poloa pancipagdes S A rearm ), all indirect-wholly-owned Braaten subsdurnes of Renova Erverge S.A (Remove' or 'Pared), a Braden listed company engaged in the developrrent, implementation and operation of posed, for the generation of energy from renewable sources, inciuding wind smell hydroelectric power pants (SHPPr) and solar, and n the sale of power and related activities The Group is engaged ri the construction and operation el renewable energy generation projects. through SI-PPs and wend energy facilities. all located n Break and conducts its operations through various wholly-owned project convenes under authorizations granted to them 30 years from 2003 in the case of small hydroekenc power plants and 35 years from 2010 in the case d weld energy facilities Small Holnaeleoble Power Plents—Through Eton, ire Group sells electno energy generated from its Serra da Praia Hydroelectne Corrptex, cionsaating of three Sl-PPs boated in the State of Bahia which began operations o 2008 NI energy generated from the complex is sold under longterm power pactese agreements ('PPM) with Elettobas—Centras &anon &satiates S A, under the Brazilian AJterriatwe Electnc Power Source Incentive Program (Program de Incenevo as Fortes Aitemettwas deEnergra aftnca—PROINFA) The PPM ha.* an original term of 20 years through 2028 and include a fixed price per megawatt hour. adjusted annually for abhor, based on the change in the Brazilian General Market Price Index—IGPLI WindEnergy Feellitles—Throup Bahia and Salvador, the Group sees electric energy generated from its 14 wind energy facilities located in the State of Bahia who!) began operations n 2012. All energy generated from tre complexes are sold infer long-term PPM with the Camara de Canearatasoao de Enema Eketnea—CCEE (Electric Power Trade Chamber), under FROWFA The PPM rave an original term of 20 yeers bough 2032 and include a axed pace per megawatt hour, adjusted annually for inflation based on the change n the Brazilian Consumer Price Index—WC-A The Group's operating assets consisting des SHPPs and wind energy generation tacaties. are bed through the following whopy-owned project con-panes Centres Edicts Cantata S A Centres Edicts Igapora S A Centres Races lets S.A Centres Races Liclnio de Almeida S A. Centres Races Andel S A Centrals Edicts Nvorada S.A. Centres Races Guanamto S A Centres Rion Nona Sentere Conceigtio S.A. Caress Laces PaptO do Veto S. A Centrals Laces Remains S.A Centres Races Polo Segiso S.A F.70 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-0058347 CONFIDENTIAL SDNY_GM_00204531 EFTA01366819