EFTA01366668.pdf

Amendment #4 Page 239 of 868 bilk dCommit Specific 'trentyes for sake paver projects In 2009, tarot *adders' were emoted fa certain categories of asernetwe energy, inciudirg solar projects at a rate of THB 8 0thiehn for ten years from the date of COO of a protect In 2010, both the EGAT and the PEA suspended the acceptance of applications fa solar projects due to venous considerations, including the miter of applications previously submitted, erne required to process pending applications and intent to adopt a feed-inland system In July 2010, an adder of THB 8 CO/kWh was codirmed for PPM which had been signed and en adder of TH3 6 SWAMI for projects under revew. Ounng the bboving four years. 284 solar projects inder the adder tare achieved CCO, wth a total seeing capacity of 1,084 MW. There are currently 178 proposed projects awaang approval for PPM. subject to continuation °Nand rights and transmission line access In My 2013, the National Energy Percy Commeson approved!sedan tariff rates for solar protects n Thalarxt In 2014, two feed m tariff packs for solar weeds vide prescnbed by the Energy Regulatory Corrrassion • For pendng PPA applications irder the moral adder system for both SPPs and VSPPs. a tariff of Tie 5 68/INVh for a period of 25 years. and • For solar PV rooftop projects a tariff d THB 6 65/kVih for a period d 25 years On March 6. 2015. the Energy RegcMlory Commission issued a new regulaton apphcable to protects which are not more then 5 MW and are specifcagy for government sectors or agricultural cCoperatwes A feedin tariff of THES 5 66tkiMi is prescribed for a mood or 25 years. Except for the above de/salted categories no applications to solar protects in Thailand are currently temp accepted. Before any new applications for SPP and VSPP solar projects are accepted. we expect new rules b be announced on the terms and conditions of the feed-in tad' program. Specific mar:byes (or word paw, proses In August 2009 and January 2010, tang adders were approved for certain categories of alternatwe energy, inducing wind projects, at a raze of THB 4 50/1aVh (for protects wan total generation capacity teas Man or equal to 50 kW) are THB 3 50/kgvh (fa projects with total generation capacity d more then 50 kW) fa ten years from tne COD d a protect A special adder for the time southernmost provirces of T heard (Yale Paden and Narahrwat) of THB 1 50 was also prescnbed In March 2011 and April 2011, a special adder of The 1.50 was issued for four datncts In Saxada Province (Jana, Ttepe, Nathaut and Sate Va) Nicaragua According to Law No 532. the projects categorized and authonzed by Mnistry of Energy and tie Mires as Renewable Energy Generation Projects recede tax and Cotes exemptions includng (I) custom duties, on machinery, equipment, matenaa and inputs to be used exciuswely n pre irrrestmert actraies and constrictors works noticing the construction of the transmission kne to transport the energy from the protect site National Grid, (u) vaaJe actled tax on the machinery equipment matenas and inputs object of pre-invesurent and construction activities ndudrig the commotion of the transmission line (Ill) income tax and defincrve minmurn payment over the income tax for a period of seven years sae the COO d the project (w) municipal taxes over immovable assets, sales municipal rights dump We construction phase of the project for ten years since COD of the project (v) exemption d all taxes regardrg the exportation of the natural resources for frve years after COD of the protect, and (vi) exoneration of stamp taxes recanted for theconstruction or operation d the project for an extension of ten years 231 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-0058196 CONFIDENTIAL SDNY GM_00204380 EFTA01366668