EFTA01366663.pdf

Amendment #4 Page 234 of 868 Brazil The main incentwes available to encourage Ire use of renewable energy in Brazil include 0) tax benehts (ii) decanted trarernismon and distritteon tarts. (it) special ruble funding provided by the National Bank br Economic and Social Development, or the 'NEESIX. and (iv) research and development imestment Tax tenants Renewable energy circled: may benefit from an exempton of monthly federal income taxes and may also be eligible for the exemption of certan taxes For exempts. the purchase of items needed for the construction of the wind and solar plants are exempted from certain important' value added taxes. Hydro- electric power generators benefit from a soccer regime for the development of infrastructure which reduces the Brazilian taxes levied on revenues to a rate of mods Certain Penetrate OtteCal product and construction matenals are utilized Discount on transmissmn anr cestnbutron tone's. Solar pants that start commercial operation prior to December 31.2017 beneft from an 80% dscount on transmission and cientuticn tarts for the first ten years of operation and 50% thereafter. land and hydoelectnc plants are also ergble for similar discounts Special public tutting Sutsect to certain limitations. the hSESD may finance up to 80% et all renewable energy protect investments at red.-id rates Repayment of such loans may only commence once coretruction of the energy plant has reared and the plant is operative The NBESD also provides special public funding for rrendacturers willing to corrrnence local productions d the apply den in connection with the renewable energy industry ReSeafert end development InveStmerl M rrydro-electric energy generators must invest at least 1%d Meer net revenue in research and development projects India Sete poneMOOS In 2010. the Indian government launched its flagship solar idiots", blown as Jawaharlal Nehru National Solar Mission or the 'Mahone' Solar Mission.' wench we remain in operation until 2022 The National Solar Mission establshes a target of 20 GW d installed solar generation capacity by 2022 and stout:des the irredemertation and acheverrent of the target in three separate phases. Phase I d the Natorel Solar Mission focused on promoting the development of gnd-conrected solar power capacity d 1.000 MW and mandated that NVVN serve as the offtake counterparty to purchase the solar power under 25-yeer PPM veh solar power producers. NVVN is a wholly owned subvdary of NTFC United. which is 75% owned by the (roan national governmeM and owns and operates al GW of power plants located t rrouchout India NVVN ptrchases tre solar power from a solar pored as a trading licensee, trerety mranuing the credit risk to the solar project. The tariff levels for Phase I were deternned based on a competewe bidding process subject to a cap determned by the CERC In order to facilitate the resale of such solar power by NVVN a 'zincing mechanism was utilized whereby for each megawatt of installed solar power capacity, an equivalent amount of capacity in megawatts was allocated by the Minstry of Power Iran NTFC Lmiteds coal-based Mahone, and such bundled power was then sod by NVVN to the state distnbution dates 2013. We Indian goveMeent approved the scheme for the development of an additional 750 MW cA grid.coniei.wd solar power capacity as pan of Phase II of the National Solar Mission (2012-2017) and mandated that SECI serve as ere &take courterparty to purchase the solar power under 25-year PPM with the solar power producers Under Phase II, the power will be purchased by SEC' al a fared levekzed tariff d INR 5 45MAiti. or 226 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-0058191 CONFIDENTIAL SDNY GM_00204375 EFTA01366663