Corporate Finance and Investment Banking

Project Apollo
Investment Opportunity in Solar Power Generation

Strictly Private
and Confidential

August 2014

Information contained and opinions expressed in this document are those of the management of the Company and should not be
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 Strictly Private & Confidential

Executive Summary

1 About the solar power plant (“Apollo” or “the plant”)

• Existing operational plant of 5 MW spread over 75 acres in Jodhpur, Rajasthan

• The plant is operational since Nov’2011 and has all the statutory permits in place
• The plant has some of the best operational parameters
• Plant load factor (PLF) of ~22%;
• Grid Availability(%) of over 98%.
• Project is registered at UNFCC for CDM and is expected to accumulate 7,675 units of carbon credits annually

Existing power purchase agreement (PPA) with a leading

2 public sector entity

• Power purchase agreement with a leading Public sector entity for 25 years
• The plant has the highest feed in tariff in India of INR 17.91 per kWh.

State of the art power plant and equipment

3

• The plant is Amorphous Silicon thin film plant best suited for Indian tropical climate
• The equipment is sourced from leading global companies – SMA (for inverters), Skytron (for SCADA) and
ABB/Schneider Electric (for power evacuation)
• Dedicated transmission line of over 5.5 km
• Connectivity with a reliable 220/132/33 kV substation indicating higher availability

Project Apollo • Investment Opportunity in the Solar Power Generation August 2014
PwC
 Strictly Private & Confidential

Executive Summary

4 Strategically located

• India offers 300+ clear sunny days with average solar incidence of 4 to 7 kWh/meter square/day
• The plant is located in Western Rajasthan which receives the second highest solar radiation in the world

5 Favorable outlook for solar power in India

• Current government is in favor of expanding solar capacity in India

• Under the Jawaharlal Nehru National Solar Mission (JNNSM) launched in 2010, the Government has set
an ambitious target of 22 GW of solar capacity by 2022
• The State of Rajasthan is expected to lead the solar power thrust because of the favorable conditions it has to
offer

6 Significant potential for future expansion of the plant

• Excess land of 160 acres for setting up incremental solar farm capacity
• Incremental capacity of at least 25 MW can be set up

7 Transaction Opportunity

• The promoters are looking at 100% divestment of the solar asset

Project Apollo • Investment Opportunity in the Solar Power Generation August 2014
PwC
PricewaterhouseCoopers Pvt. Ltd. is representing the Management and the Promoters of Apollo for this
transaction
Further information will be made available to interested parties in respect of the proposed transaction.

For further details please contact:

Dinesh Arora Rohit Govil Jaspreet Singh Arora
Executive Director Senior Manager Manager
+91 124 330 6015 +91 124 330 6349 +91 124 330 6327
+91 98101 91291 +91 98916 11818 +91 95604 54982
dinesh.arora@in.pwc.com rohit.govil@in.pwc.com jaspreet.s.arora@in.pwc.com

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© 2014 PwC Pvt. Ltd.. All rights reserved. In this document, “PwC” refers to PwC Pvt. Ltd.
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