Reliance Power Limited

Corporate Presentation February 2013

Important Notice
This presentation, which has been prepared by Reliance Power Limited (the Company), has been prepared solely for informatio n purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis of or be relied on in connection with any contract or binding commitment whatsoever. This presentation is strictly confidential and may not be copied, published, distributed or transmitted to any person, in whole or in part, by any medium or in any form for any purpose. The information in this presentation is being provided by the Company and is subject to change without notice. The Company relies on information obtained from sources believed to be reliable but does not guarantee its accuracy or completeness This presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this presentation. This presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this presentation is expressly excluded. Certain matters discussed in this presentation may contain statements regarding the Companys market opportunity and business prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of various international markets, the performance of the power industry in India and world-wide, competition, the Companys ability to successfully implement its strategy, the Companys future levels of growth and expansion, technological implementation, changes and advancements, changes in revenue, income or cash flows, the Companys market preferences and its exposure to market risks, as well as other risks. The Companys actual results, levels of activity, performance or achievements could differ materially and adversely from results expressed in or implied by this presentation. The Company assumes no obligation to update any forward-looking information contained in this presentation. Any forward-looking statements and projections made by third parties included in this presentation are not adopted by the Company and the Company is not responsible for such third party statements and projections. The distribution of this presentation in certain jurisdictions may be restricted by law and persons into whose possession this presentation comes should inform themselves about and observe any such restrictions. You acknowledge that you will be solely responsible for your own assessment of the market and the market position of the Company and that you will conduct your own analysis and be solely responsible for forming your own view of the potential future performance of the business of the Company. This presentation speaks as of February 2013. Neither the delivery of this presentation nor any further discussions of the Company with any of the recipients shall, under any circumstances, create any implication that there has been no change in the affairs of the Company since that date.

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Contents

Birds eye view of Rosa plant

1.Company Overview

2.Performance of Operating plants

3.Projects under implementation

4.Financial Performance

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DRAFT FOR DISCUSSION PURPOSES ONLY

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Section 1

Company Overview

Reliance Power: A Snapshot

One of Indias leading power development company

Power Generation

Resources

Largest portfolio of power projects under construction and development in the private sector

1,840 MW of operational capacity Over 20,000 MW under implementation

3 captive coal blocks in India with aggregate coal reserves of c. 2 bn tonnes Coal production started at Moher Mines (Sasan) peak production 20 million tonnes per annum 3 coal concessions in Indonesia with estimated coal resources of c. 2 bn tonnes Planned peak coal production of 95 million tonnes 4 Coal Bed Methane (CBM) blocks

Largest coal reserves amongst private power generation companies

Constructing Indias largest gas-based power plant of 2,400 MW Won 3 of the 4 UMPPs awarded by GoI One of the largest capacities of renewable energy projects under construction in India

Portfolio well diversified by fuel, fuel-source , geography and offtake

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Focus on environmentally friendly technologies

Reliance Groups brand, experience and position in the Indian Power Sector

DRAFT FOR DISCUSSION PURPOSES ONLY

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Reliance Power: Projects Portfolio

Power Operation
Project Hydro Projects * (672 MW) Hydro Project * (400 MW) Barmer 4 Barmer 5 Solar (100 MW) CSP ^ Rosa # (1,200 MW) Hydro Projects * (4,220 MW) Project Coal based Gas based Solar Wind Coal based Solar No. 1 1 Capacity (MW) 1,800 40

Power Implementation
No. 5 1 1 1 Capacity (MW) 15,840 2,400 100 45

Solar PV # (40 MW) Sohagpur

Chitrangi^ (3,960 MW)

Wind ^ (45 MW)

Tilaiya^ Sasan^ (3,960 MW) (3,960 MW) Butibori^ (600 MW) Kothagudem Samalkot^ (2,400 MW) Krishnapatnam^ (3,960 MW)

Power Development
Project
Hydroelectric Coal based

No
12 1

Capacity (MW)
5,292 ~5,000

Resources
Asset Coal blocks-India No 3 3 4 Resources ~ 2 bn tonnes ~2 bn tonnes 193.92 BCM

Coal

Gas

Renewable

Hydro

Coal Mines

CBM blocks

Coal mine-Indonesia CBM blocks

# Operating Projects; ^ Projects Under Construction; * Projects Under Development

Generation portfolio is well diversified by fuel type, offtake and location

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Section 2

Performance of Operating plants

1,200 MW ROSA: Operating Performance

Units generated (MU)
3,000 2,500
2,407
2,055 1,655 1,191 1,004

2,000
1,500 1,000 500 0 Q1 FY12 Q2 FY12 Q3 FY12 Q4 FY12
1,109

987

Q1 FY13

Q2 FY13

Q3 FY13

Consistent growth in generation

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1,200 MW ROSA: Financial Performance

1,500 1,000 500 0 600 400 200 0 300 200 100 0 110 208 163 529 474 441

All figs in Rs crore

1,312

Revenue
988 923

514

EBITDA
346 360 218

456

163

PAT
211 136 76 75 78 141

Q1 FY12

Q2 FY12

Q3 FY12

Q4 FY12

Q1 FY13

Q2 FY13

Q3 FY13

Continuous growth in generation and profits

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40 MW Solar PV, Rajasthan

Generation (million units)

16 12.9 12

13.8

15.2

8 Q1 FY13
16 12 8 4 0

Q2 FY13
PAT (Rs crore)

Q3 FY13 12.3

3.6 Q1 FY13

6.7

Q2 FY13

Q3 FY13

Continuous growth in generation and profits

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Section 3 Projects under implementation

Progress of projects under construction

Butibori: 600 MW

Sasan UMPP: 3,960 MW

Samalkot: 2,400 MW

Renewables: 300 MW

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Progress of projects under construction

Butibori: 600 MW

Sasan UMPP: 3,960 MW

Samalkot: 2,400 MW

Renewables: 300 MW

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600 MW Butibori, Maharashtra: Highlights

Unit 1 synchronized on 25th June 2012

Unit 2 synchronized on 2nd January 2013

Exploring multiple avenues for power sale Petition filed with MERC for sale to RInfra on cost plus

FSAs expected to be signed shortly

Petition filed with MERC for cost plus power sale

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Progress of projects under construction

Butibori: 600 MW

Sasan UMPP: 3,960 MW

Samalkot: 2,400 MW

Renewables: 300 MW

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3,960 MW Sasan UMPP, MP : First Unit Highlights

Boiler steam blowing completed

Generator stator erection and TG box-up completed oil flushing in progress

Powerhouse Building structure erection completed

400 kV switchyard connected to the national grid 765 kV switchyard energized

First unit to be synchronized in the next few days

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3,960 MW Sasan UMPP, MP : Other Highlights

Boiler hydro-test completed for second unit

Boiler pressure parts erection commenced in all units

TG deck casting completed in 3 units

Shell concreting of both chimneys completed

All units on track to be commissioned ahead of schedule

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Sasan UMPP: Mine Highlights

Large sized equipment commissioned and put to use

5 out of 6 nos. 42 m3 rope shovels in operation

28 out of 55 nos. 240 tonne Dumpers in operation Mine Auxiliary Equipment (Cranes, Trucks) in Operation

13 out of 18 large size Dozers and 5 out of 9 Graders in operation 8 out of 16 Drills commissioned

Coal produced sufficient to start power plant operations

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Progress of projects under construction

Butibori: 600 MW

Sasan UMPP: 3,960 MW

Samalkot: 2,400 MW

Renewables: 300 MW

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2,400 MW Samalkot, AP: Highlights

Four gas turbines ready for generation

Combined cycle commissioning to be based on gas availability

Evaluating multiple options for gas sourcing

Planning to set up FSRU in Kakinada in partnership with Shell

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Progress of projects under construction

Butibori: 600 MW

Sasan UMPP: 3,960 MW

Samalkot: 2,400 MW

Renewables: 300 MW

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100 MW Solar CSP, Rajasthan: Status Update

Land PPA EPC Financing
Entire land (340 hectare) under possession

Signed with NVVN at a levelized tariff of Rs 11.97/unit Signed with R-Infra AREVA to provide Solar Field technology supply

Financial closure achieved with involvement of US Exim, ADB, FMO and others

Construction

Construction at site in full swing

On track to be commissioned by May 2013

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45 MW Vashpet Wind, Maharashtra: Status Update

PPA
PPA signed with R-Infra, regulated tariff of Rs 5.67/unit

EPC Contract

Signed with Global Wind Power Limited (GWPL) & Global Wind Infrastructure and Services Pvt Ltd ( GWISPL)

Construction Activities

Foundation work: Completed (40 MW) , WIP (5 MW) 40 MW (16 WTGs) erected and trial run for 3 WTG in progress

Financing

USD 25mn - ECB from Axis Bank

Balance through Rupee borrowings

Entire capacity to be commissioned by March 2013

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Progress of projects under development

Chitrangi Power Project: 3,960 MW

Tilaiya UMPP & Coal Mines: 3,960 MW

Hydro Projects: 5,292 MW

Indonesian Coal

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3,960 MW Chitrangi, MP: Highlights

Land
Entire govt. land under possession Entire private land awarded, mutation and diversion completed

Water

CWC clearance for water from Gopad received

Construction

Site leveling completed Main plant civil work ready to commence

Coal

Awaiting Stage II forest clearance for Chhatrasal

To commence construction after forest clearance of Chhatrasal mines

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3,960 MW Tilaiya UMPP, Jharkhand: Highlights

Land
Private land (186 acres): Ownership Transferred Forest land (1220 acres): Stage II Forest Clearance received. Final handover expected shortly Govt. land (167 acres): Final approval expected shortly

R&R

R&R survey complete , R&R plan submitted to district administration

CSR

Medical camps, Hand pump installation, Blanket distribution taken up NGOs identified and SHGs being formed for livelihood generation

Financing

Escrow Assessment study completed; ESIA/ESMP to meet IFC Performance Standards prepared Letter of Intent submitted to US EXIM for project financing; discussion with other overseas & domestic banks in progress

Progress being made on all aspects of project development

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Tilaiya Coal Mines, Jharkhand: Highlights

Land
Application for Section 4 notification under approval at State revenue dept. Forest Diversion proposal under approval at State Forest Department

R&R

Socio-economic survey completed LA proposal for 988 acres of land for R&R colony with State Revenue Dept. for issuance of Section 4

EC & FC

EIA/EMP submitted to MoEF; public hearing conducted in May 2012 Stage-I Forest Clearance being processed for recommendation by State Govt.

Coal Mining

Mining lease application with State Mining Dept. for prior approval to GoI NIT issued for major equipments; Discussions with OEMs in progress

Progress made on land acquisition and mine planning

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5,292 MW Hydro Portfolio

Project
Himachal Pradesh (672 MW) Arunachal Pradesh Uttarakhand (400 MW) (4220 MW)

Location Arunachal Pradesh

Capacity (MW) 700

Tato II

Siyom
Kalai II Urthing Sobla Emini Amulin Mihundon

Arunachal Pradesh
Arunachal Pradesh Uttarakhand Arunachal Pradesh Arunachal Pradesh Arunachal Pradesh Himachal Pradesh Himachal Pradesh Himachal Pradesh Himachal Pradesh

1,000
1,200 400 500 420 400

Purthi Teling
Shangling Sumte Kothang Lara Sumta

300 94
44 130 104 5,292

Himachal Pradesh

Development activities in progress for each project

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700 MW Tato-II, Arunachal Pradesh: Status Update

Land
Award for entire project land (786 acres) pronounced by State Govt. R&R Plan submitted to GoAP for approval & implementation

TechnoEconomic Clearance Environmental Clearance

Techno-economic clearance obtained from CEA

Environmental clearance and Consent to establish obtained

Power Sale

PPA signed with Delhi Discoms for 60% power. Regulatory approval in process PPA signed with Mumbai Discoms for 40% power. Regulatory approval in process

Project at advanced stage of development

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Indonesian Coal: Highlights

51,000 m of drilling completed in all 3 concessions

JORC Resources and Reserves certified by Marston, USA

All major clearances obtained

Detailed mine plan for commencement of mining prepared

Coal production to start in 2013

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Section 4

Financial Performance

Robust Financial Performance

Total Income (Rs crore)
5,000 4,000 3,000 2,000 1,000 0 801 42 FY10 809 869 1,049 FY11 FY12 9 mth FY13 0 1,958 2,000

EBITDA (Rs crore)

342
3,677 1,500 1,000 618 278 1,312

676
500 700 17 FY10 416 FY11

753

FY12

9 mth FY13

PBT (Rs crore)

1,200 1,000 800 600 400 200 0 5 FY10 164 FY11 FY12 9 mth FY13 247 529 608 423 717 1,000 800 600 400 200 0 4 FY10 680

PAT (Rs crore)

528 628 339 132 FY11 FY12

153 592

698

9 mth FY13

Contribution from generating assets Others

Continuous increase in contribution from generating assets

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Thank You