Group Corporate Presentation June 2014 Disclaimer This - - PowerPoint PPT Presentation

Group Corporate Presentation

June 2014

Investor Presentation, 2014

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Disclaimer

This presentation has been prepared by KSK Energy Ventures Limited (the “Company”) solely for information purposes without any regard to any specific objectives, financial situations or informational needs of any particular person. This presentation may not be copied, distributed or disseminated, directly or indirectly, in any manner. Failure to comply with this directive may result in a violation of the applicable law in certain jurisdictions. By reviewing this presentation, you agree to be bound by the restrictions contained herein, and to maintain absolute confidentiality, regarding the information disclosed in these materials. This presentation contains statements that constitute forward-looking statements. These statements include descriptions regarding the intent, belief or current expectations of the Company or its directors and officers with respect to the results of operations and financial condition of the Company. These statements can be recognized by the use of words such as “expects,” “plans,” “will,” “estimates,” “projects,” or other words of similar meaning. Such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and actual results may differ materially from those in such forward-looking statements as a result of various factors and assumptions which the Company believes to be reasonable in light of its operating experience in recent years. The risks and uncertainties relating to these statements include, but not limited to, risks and uncertainties, regarding fluctuations in earnings, our ability to manage growth, competition, our ability to manage our international operations, government policies, regulations, etc. The Company does not undertake any obligation to revise or update any forward-looking statement that may be made from time to time by or on behalf of the Company including to reflect actual results, changes in assumptions or changes in factors affecting these statements. Given these risks, uncertainties and other factors, viewers

• f this presentation are cautioned not to place undue reliance on these forward-looking statements.

This presentation is not a complete description of the Company and may not be all inclusive and may not contain all of the information that you may consider material. The information contained in this presentation has not been independently verified. No representation, warranty, guarantee or undertaking, express or implied, is or will be made as to, and no reliance should be placed on, the accuracy, completeness, correctness or fairness of the information, estimates, projections and opinions contained in this

• presentation. Viewers of this presentation must make their own assessment of the relevance, accuracy and adequacy of the information contained in this presentation and

must make such independent investigation as they may consider necessary or appropriate for such purpose. Such information and opinions are in all events not current after the date of this presentation. Further, past performance is not necessarily indicative of future results. Any opinions expressed in this presentation or the contents of this presentation are subject to change without notice. This presentation should not be construed as legal, tax, accounting, investment or other advice. Any person placing reliance on the information contained in this presentation or any other communication by the Company does so at his or her own risk and none of the Company nor any of its affiliates, advisers or representatives, any placement agent, promoters or any other persons that may participate in any offering of any securities of the Company shall have any responsibility or liability whatsoever, whether arising in tort, contract or otherwise, for any errors, omissions, insufficiencies or inaccuracies in such information or opinions or for any loss, cost or damage suffered or incurred howsoever arising, directly or indirectly, from any use of this presentation or its contents or

• therwise in connection with this presentation.

This presentation does not constitute or form part of and should not be construed as, directly or indirectly, any offer or invitation or inducement to sell or issue, or any solicitation of any offer to purchase or subscribe for, any securities of the Company by any person in any jurisdiction, including in India, nor shall it or any part of it or the fact of its distribution form the basis of, or be relied on in connection with, any investment decision or any contract or commitment therefor. Securities of the Company may not be offered or sold in the United States absent registration or an applicable exemption from registration under the United States Securities Act of 1933, as amended. This presentation has not been and will not be registered as a prospectus with any Registrar of Companies in India. This presentation is not a prospectus, a statement in lieu of a prospectus, an offering circular, an advertisement, a private placement offer letter or an offer document under the Companies Act, 2013 and the rules made thereunder, the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended, or any other applicable law.

Investor Presentation, 2014

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KSK Group – an overview

KSK Power Ventur plc (“KSK plc”) KSK Energy Ventures Limited (“KSKEV”) KSK Energy Company (“KECPL”) Project companies KSK Energy Limited, Mauritius 67.60%* 100 % 100 %

• Railway and water

transportation infrastructure

• Coal block mine

development support

• Wind
• Solar

KSK Energy Ventures Limited (“KSKEV”)

Arasmeta (86 MW) Sai Regency (77 MW) Sitapuram (43 MW) VS Lignite (135 MW) Wardha (540 MW)

Operational Under Construction – partially

• perational

. KSK Mahanadi (3.6 GW) . Sai Maithili (10 MW)

*Balance 32.4 % held by various public shareholders at BSE/NSE listed KSKEV

KSK Green Energy Pte Limited, Singapore

• Operating 1472 MW
• 6 SPVS 872 MW
• KSK Mahanadi 600 MW
• Under Construction 3000

MW of which II unit of 600 MW expected to be commissioned by 100 % 100 %

Investor Presentation, 2014

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Background

• Two Listed entities
• KSK Power Ventur plc – LSE Listed main holding Company
• KSK Energy Ventures Limited – Indian stock exchanges listed generation holding company
• Founded by KA Sastry and S Kishore, first generation entrepreneurs with extensive energy

sector consulting experience prior to business setup

• KSK amongst the few developers in India with extensive project footprint across the country -

Chhattisgarh, Maharashtra, Rajasthan, Tamil Nadu, Andhra Pradesh

• Valued relationship with Industrial consumers, State Mineral Development Corporations and

power utilities across states

• Access to project debt from major Indian project lending institutions and recent availability of

External Commercial Borrowing

• Experienced Board led by Padma Bhushan Sri T.L.Sankar, Non Executive Chairman who is a

distinguished energy expert of India

Investor Presentation, 2014

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KSK Power Ventur plc - The Board

Non Executive Chairman

• Mr. Kishore co-founded KSK along with Mr.

Sastry and heads its business development and capital formation. Earlier Mr. Kishore was a financial advisor & consultant for major domestic as well as international businesses and has advised multiple energy companies/ utilities/ market entrants since early nineties.

• Mr. Dlouhy graduated with a Bachelor

and Master degrees in Mathematical Economics and Econometrics from the Prague School of Economics and studied Management at Catholic University of Louvain, Belgium. Mr. Dlouhy served as Minister of Industry and Trade of the Czech Republic, responsible for the policies in the areas of Fuels.

Executive Directors Non-executive Directors Padma Bhushan

• Mr. T.L. Sankar,

Non-executive Chairman

• Mr. S. Kishore

Executive Director

• Mr. K.A. Sastry

Executive Director

• Mr. Vladimir Dlouhy

Non – Executive Director

• Mr. S.R. Iyer

Non-Executive Director Renowned in India as an energy expert with more than four decades of experience in the energy sector. Served various distinguished positions  Energy Secretary to the Government

• f Andhra Pradesh

 Secretary, Fuel Policy Committee  Principal Secretary of the Working Group on Energy Policy  Member of the Advisory Board on Energy, Government of India,  Member, Integrated Energy Policy Committee.  Chairman of the Andhra Pradesh State Electricity Board  United Nations Adviser on Energy issues to the governments of Sri Lanka, Tanzania, Bangladesh amongst

• thers
• Mr. Sastry is one of the founders of KSK and

heads its execution and operations areas, as well as having responsibility for the financial accounting and taxation Mr Iyer retired as Managing Director of the State Bank of India Mr Vladimir is a distinguished Economist and served as Deputy prime minister of Czechoslovak government and federal minister of economy.

• Mr. Keith Nicholas Henry

Non – Executive Director

Mr Guy is partner in Hoegh capital Partners. Formerly, he worked at Royal Bank of Canada & National Westminister Bank

• Mr. Abhay Nalawade

Non-Executive Director

Mr Abhay has three decade of experience in Power Equipment Business and earlier CEO of Thermax

• Mr. Henry has rich experience in global power

and energy sector.

• Mr. Guy Delemere Lafferty

Non – Executive Director

Investor Presentation, 2014

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KSK Energy Ventures - The Board

Non Executive Chairman

• Mr. Kishore co-founded KSK along with Mr.

Sastry and heads its business development and capital formation. Earlier Mr. Kishore was a financial advisor & consultant for major domestic as well as international businesses and has advised multiple energy companies/ utilities/ market entrants since early nineties.

• Mr. Dlouhy graduated with a Bachelor

and Master degrees in Mathematical Economics and Econometrics from the Prague School of Economics and studied Management at Catholic University of Louvain, Belgium. Mr. Dlouhy served as Minister of Industry and Trade of the Czech Republic, responsible for the policies in the areas of Fuels.

Executive Directors Non-executive Directors Padma Bhushan

• Mr. T.L. Sankar,

Non-executive Chairman

• Mr. S. Kishore

Executive Director

• Mr. K.A. Sastry

Executive Director

• Mr. Anil Kutty

Director

• Mr. S.R. Iyer

Non-Executive Director More than four decades of experience in the energy sector. Served various distinguished positions  Energy Secretary to the Government

• f Andhra Pradesh

 Secretary, Fuel Policy Committee  Principal Secretary of the Working Group on Energy Policy  Member of the Advisory Board on Energy, Government of India,  Member, Integrated Energy Policy Committee.  Chairman of the Andhra Pradesh State Electricity Board  United Nations Adviser on Energy issues to the governments of Sri Lanka, Tanzania, Bangladesh amongst

• thers
• Mr. Sastry is one of the founders of KSK and

heads its execution and operations areas, as well as having responsibility for the financial accounting and taxation Mr Iyer retired as Managing Director of the State Bank of India Formerly Indian Administrative Service, Formerly Joint Secretary, Power , Government of India and Chairman and Managing Director, AP TRANSCO

• Mr. KB Raju

Director

More than 15 year experience in project finance, fund management and development of generation assets

• Mr. Girish Kulkarni

Non-Executive Director

Formerly ICICI securities, and expertise in Indian capital markets More than two decades experience and leads corporate affairs of the group

• Mr. Tanmay Das

Director

Investor Presentation, 2014

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Power Sector – The Growth Canvas

Robust Demand Growth Robust Demand Growth Robust Demand Growth

• Energy demand growth closely

linked to GDP growth

• Pick-up in domestic economy

could trigger energy demand growth

• Notwithstanding sustained

demand, India continues to be among the lowest per capita consumers of electricity globally, lagging behind Brazil and China by ~3:1

• Per capita consumption ~30%
• f the world average
• Power deficit scenario persists,

though significant capacity addition and slowed down demand narrowed gap – -4.2% energy deficit in FY14 (~42Twh) – -4.5% peak deficit in FY14 (~6 GW)

Source: Planning Commission CEA Report, GoI Economic Survey.

777 831 862 937 998 1,002 FY09 FY10 FY11 FY12 FY13 FY14 Real GDP growth 6.7% 8.6% 8.9% 6.7% 4.5% 4.9% YoY power demand growth 5.1% 6.7% 3.8% 8.6% 5.9% 1.0% Energy demand (Twhs) 777 831 862 937 998 1,002 13,394 10,286 5,733 2,975 2,944 2,384 879 US Australia UK World China Brazil India Consumption (kWh/Year)

11.9% 12.7% 9.8% 10.6% 9.0% 4.5% 11.1% 10.1% 8.5% 8.5% 8.7% 4.2% FY09 FY10 FY11 FY12 FY13 FY14 Peak Deficit Energy Deficit

Investor Presentation, 2014

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The Government got into action

Jan -12 Apr -12 Apr -13 Jun -13 Jul -13

 Prime Ministers

• ffice meets power

sector Management for review of problems  Decides to form a committee for time- bound action  Government issues Presidential Directive to Coal India to sign FSAs  FSA to provide 80% supply to 60 GW capacity  Government issues Second Presidential Directive to Coal India Limited  Fuel Supply Agreement list expanded to 78 GW including tapering linkages  Committee of Secretaries (CoS) formed under Prime Ministers Office  CoS to include secretaries of power, petro, coal, environment & finance ministries  Distribution companies financial restructuring norms finalized  Multiple states participated, more may join  Change in National Coal Distribution Policy  CIL’s supply commitment reduced from 100% to 65-80% till 2017  Imported coal would be a pass-through in PPAs

Further acceleration required to resolve issues related to power sector

Jan-13

 Cabinet Committee on Investments formed to extend efforts to remove bottlenecks

Feb-14

 CERC revises pre - determined tariff PPAs for 2 projects  CERC issues final tariff norms for 2014-19; tightens norms, lowers RoE CERC – Central Electricity Regulatory Commission, CIL – Coal India Limited, RoE – Return on Equity, PPA – Power Purchase Agreement

Investor Presentation, 2014

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KSK – Key Milestones

Year Milestone 2014  KSK Mahanadi – PPA with UP DISCOMS for 1000 MW power supplies  KSK Mahanadi executed Fuel Supply Agreement for Tapering Coal Linkage 2013  KSK Mahanadi – PPA with Tamil Nadu Utility - 500 MW, Chhattisgarh – 225 MW  First 600 MW Unit of KSK Mahanadi operational and power supplies commenced  New Initiatives on Solar Power Generation 2012  KSK Mahanadi – PPA with AP DISCOMS for 400 MW power supplies  Wardha Power - Open Access for supplies to Industrial consumers and Fuel Supply Agreement with Western Coal Fields Limited 2011  Wardha Power fully operational –supplies to Reliance-infra Discom commences  KSK plc completes an Open Offer to acquire additional 20% of Indian listed subsidiary, KSK Energy Ventures Limited – shareholding goes upto 74.94%  Arasmeta Expansion unit of 43 MW commences power generation 2010  KSK Mahanadi – PPA with GUVNL for 1010 MW of Power supplies  VS Lignite power plant commissioned 2009  Coal supply agreement entered with GIDC for proposed 1800 MW Power project in Chhattisgarh, KSK Mahanadi capacity enhanced to 3600 MW  Implementation Agreement signed with Government of Chhattisgarh for KSK Mahanadi project 2008  KSK Energy Ventures Initial public offering of Shares, raising approx US$ 290 mn, KSK Power Ventur plc stake at 55.25%. 2007  Sai Regency power plant synchronized with the grid 2006  Arasmeta power plant synchronized with the grid  Collaborative MOU’s with Government mining companies for long term coal supply arrangements signed - Execution of a coal supply and investment agreement with GMDC for supplies to proposed 1800 MW Chhattisgarh project  KSK Power Ventur plc lists on AIM Market of London Stock Exchange

GMDC – Gujarat Mineral development Commission, GIDC – Goa Industrial Development Corporation, GUVNL – Gujarat Urja Vikas Nigam Limited

Investor Presentation, 2014

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KSK – Business Strategy and Response

Secure Fuel Access – attempts for sustained generation

• Arasmeta and Sitapuram - Coal linkages from SECL /SCCL
• Sai Regency – Natural Gas from GAIL (India) Limited
• VS Lignite - captive lignite block
• Sai Wardha Power – Linkage with Western Coal Fields on cost plus basis
• KSK Mahanadi - Collaboration with State Mineral Development Corporations

for dedicated coal block supplies – Tapering coal linkage from CIL subsidiaries in the interim period Power purchase Agreements

• New PPA signed by KSK Mahanadi with TANGEDCO for 500 MW and UPPCL

for 1000MW

• Industrial supply PPAs under captive consumer model
• Wardha Warora - challenges of open access and alternative PPA tie-ups

being addressed Enabling Support Infrastructure

• Power generation de-licensed but support sectors continue under

government control and limited pace of progress

• At KSK Mahanadi - supplement generation initiatives of KSK Energy Ventures

Limited with pursuit of necessary utilities of railway, water and transport infrastructure through SPVs under KSK Energy Company

Investor Presentation, 2014

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KSK Mahanadi (3600 MW) – Brief Overview

KSK Mahanadi, (Chattisgarh) - 3600 MW consists of 6 units, each of 600 MW. Project Construction over last 4 years

• First 600 MW commissioned in 2013
• Second unit of 600 MW (expected to commission during 2014)
• Balance units to follow

Support Infrastructure commissioned

• Water transportation pipeline commissioned
• Railway siding and line from main trunk line into power plant commissioned
• Evacuation infrastructure in place and power supplies commenced

Fuel Progress

• Morga-II Forest clearance for prospecting achieved
• Gare Pelma Stage II forest clearance obtained and mining to commence
• Tapering Linkage Fuel Supply Agreement

USD/INR Depreciation

• Depreciation of the INR against the USD affecting equipment supplies cost at INR

level - balance four units necessitating enhanced debt

• External Commercial Borrowing (ECB) being pursued to substitute part of the INR

Project Finance Debt

Investor Presentation, 2014

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KSK Mahanadi – EPC Approach

#9 #8 #7

#3

#4 #2 #5 #1 #6

“Differentiated EPC String Approach” – the core units (i.e. #3, #4) are commissioned first and then the other units are taken up for commissioning thereafter. This also necessitates setup and construction of common infrastructure for each three units block ( # 7 and #8) as well as for all the six units ( #9). This approach though entails significant initial capital expenditure, ensures easier and faster access to materials & common infrastructure setup at the construction site

Investor Presentation, 2014

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KSK Mahanadi – Fuel Access

Status Fuel Block Tie up Fuel supply agreement completed

Gare Pelma III (GIDC)

End Use Power Plant KSK Mahanadi 3.6 GW

Morga II coal block Gare Pelma - III coal block KSK Mahanadi Power Plant

210 MT SECL Linkage

Tapering Linkage Independent coal collaboration and mine development initiatives including procurement of imported coal in interim

Morga II (GMDC)

350 MT

Investor Presentation, 2014

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KSK Mahanadi – PPA Approach

Gujarat

*PPA to be executed shortly – tariff under Central Electricity Regulatory Commission mechanism ** supplies between 2013 to 2016

Morga II based Supply PPA 1010 MW

Chhattisgarh

5%/7.5% Supply PPA 225 MW

Goa*

Gare pelma supplies based PPA

AP Distribution companies**

Medium term PPA 400 MW

UP

Case I Competitive bid PPA

1000 MW

Tamil Nadu

Case I Competitive bid PPA 500 MW

Investor Presentation, 2014

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Wardha Power – 540 MW

Wardha Warora, (Maharashtra) - 540 MW | Coal It consists of 4 units, each of 135 MW. Unit I & II for utility sales and part sale to multiple industrial consumers from unit III & IV Commenced Unit wise generation during 2010 and 2011 Generation 2011-12 PLF: 60 % 2012-13 PLF: 72 % 2013-14 PLF: 55 % PPA arrangements

• Longer term PPA with industrial customers for part capacity
• Medium term PPA (Apr 2011 to Mar 2014 ) with Reliance-Infra (Distribution licensee) – Fresh

arrangements under pursuit Fuel supply arrangements

• Long term source – cost plus coal block linkage from Western Coalfields Limited – FSA for

1.625 MTPA as against Linkage quantity of 2.26 MTPA

• Price, quality and other conditions before Competition Commission of India
• Interim open market / imported coal

Investor Presentation, 2014

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VS Lignite – 135 MW & Sai Maithili – 10 MW

VS Lignite (Rajasthan) – 135 MW | Lignite Commenced generation during 2010 Power purchases by multiple industrial consumers in Rajasthan and balance power to local utility 2010-11 PLF: 63 % 2011-12 PLF: 78% 2012-13 PLF: 75% 2013-14 PLF: 76%

• Gurha (E) Captive Lignite Block allotted in July 2005
• Lignite mine - Gurha (E) with reserves of 22 MT

Sai Maithili (Rajasthan) – 10 MW | Solar

• Sai Maithili Solar unit of 10 MW under Jawaharlal Nehru National Solar Mission
• Initial Funding by IDBI Bank Limited, US Exim Funding tied up – RBI approval under pursuit

2013-14 PLF: 21%

Investor Presentation, 2014

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Arasmeta – 86 MW

Arasmeta (Chattisgarh) - 86 MW (2 x 43 MW) | Coal Phase I in operation since 2006, Phase II commissioned in 2011 Initial Power purchases by Lafarge India 2009-10 PLF: 84 % 2010-11 PLF: 82 % 2011-12 PLF: 49 % 2012-13 PLF: 59 % 2013-14 PLF: 45 %

• PPA with Lafarge not renewed post Dec 2013
• Power Purchases by Chhattisgarh state utility commenced under long term PPA
• PPA approved by Chhattisgarh State Electricity Regulatory Commission in May 2014

Investor Presentation, 2014

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Sai Regency – 58 MW, Sitapuram Power – 43 MW

Sai Regency Power (Tamil Nadu) - 58MW Natural gas CCGT asset In operation since 2007

2009-10 PLF: 71 % 2010-11 PLF: 87 % 2011-12 PLF: 89 % 2012-13 PLF: 84 %

2013-14 PLF: 88%

• Supplies to multiple Industrial customers in Tamil Nadu
• Gas supplies by GAIL under FSAs from Ramnad zone
• PPA with fuel cost pass-through formulae

Sitapuram (Andhra Pradesh) – 43 MW Coal In operation since 2008 2009-10 PLF: 86 % 2010-11 PLF: 77 % 2011-12 PLF: 68 % 2012-13 PLF: 89 % 2013-14 PLF: 91% Power Purchases by Zuari Cements and surplus to local utility

Investor Presentation, 2014

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Operation Performance of Power Project Portfolio

Generation and Tariff (Rs /kwh)

* Based on audited financial statements 958 1010 2793 4862 5546 5757 862 905 2512 4306 4916 5103 3.54 3.89 4.09 4.57 4.63 4.33 1 2 3 4 5 1500 3000 4500 6000 FY09 FY10 FY11 FY12 FY13 FY14

Avg Tariff (Rs/ kWh)

Mn Units

MU Generated MU Sold Avg Tariff (Rs./ kWh)

Investor Presentation, 2014

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Key Strengths

• Strong execution track record with a combination of outsourced captive power

plants and IPP’s with well demonstrated growth path

–

Large installed capacity scale up (144 MW at IPO to 1472 MW currently)

–

Proven development expertise

• Attractive PPA tie-ups

–

Recent PPA tie-ups with UP Discoms and TANGEDCO– significant amongst the PPAs pursuant to Case-1 bidding format in India

• Strong Domestic Coal focused power generation – generation supported with

adequate fuel tie-ups and cost advantage

• Key projects to drive majority of incremental cash flows

– 540 MW Wardha project cash flows upon better utilization, addressing fuel price, PPA arrangements and Open access issues – 3.6 GW KSK Mahanadi project – 1.2 GW along with common infrastructure significantly done

Investor Presentation, 2014

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KSK Energy Company – Support Infrastructure

KSK Energy Limited, Mauritius

KSK Energy Ventures Limited (“KSKEV”) KSK Energy Company (“KECPL”)

67.6%* 100 %

KSK Mahanadi Power Company Limited (3.6 GW) KSK Mineral Resources Private Limited Raigarh Champa Rail Infrastructure Private Limited KSK Water Infrastructure Private Limited KSK Mahanadi

• Power project company constructing the

3.6 GW power plant at Nariyara, Chhattisgarh

• 6 units of 600 MW each, with

independent unit wise commissioning KSK Mineral Resources

• Development support of Gare-Pelma coal

block of GIDC Raigarh Champa Rail Infrastructure

• Rail connectivity and transportation

infrastructure between Coal blocks and KSK Mahanadi power plant KSK Water Infrastructure

• Water transportation and storage

infrastructure between Mahanadi river and KSK Mahanadi power plant

Contractual agreements *Balance 32.4 % held by various public shareholders at BSE/NSE listed KSKEV

Investor Presentation, 2014

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KSK Water Infrastructure

• Project Authorization: Chhattisgarh

Government for water allocation, right of way and land for intermediate storage

• Nature of activities: Land acquisition,

construction, pumping and pipeline facilities , intermediate storage, two pumping stations along with river anicuts

• Revenue Model: Cost plus

Line I – 23.29 km

• River intake at Basantpur to common pipeline Junction

Line II – 1.1 km

• River intake at Seorinarayan to common water pipeline

junction Line III – 22.53 km

• Common water pipeline junction to intermediate reservoir

Line IV – 14.02 km

• Intermediate reservoir to power plant

Intermediate Reservoir

• Water storage reservoir with 7 MCM

capacity and spread over 270 acres of land mid way between river and power project under progress Pipeline

• Entire 60 km pipeline laying work completed

and currently used for water transport

Investor Presentation, 2014

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Raigarh Champa – rail connection for fuel supplies

• Incorporation: May 2009 for coal

transportation facilities from mines to power project

• Nature of activities: Land acquisition,

construction of rail lines, loading and unloading facilities , shunting locomotive along with safety and signaling infrastructure

• Construction: Raigarh Champa with

subcontractors

• Revenue Model: Cost plus

Stage I – 15.7km + siding

• The first leg of 15.7 Km connects the power project to the main railway line

enabling coal and fuel oil transport to the plant The inward line operation has already commenced Stage II – 65.5km

• The second leg of 65.5 Km connects Gare Pelma coal block in Mand Raigarh

coalfield to the main rail route.

• Handling capacity of 24 MTPA far exceeding KSK’s requirements
• Construction of this phase expected over next 24-36 months

Stage I

• Connectivity of power plant with Indian

rail network completed and movement of rakes into the plant commenced

Investor Presentation, 2014

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KSK Mineral Resources

• GIDC was allotted the coal block in November 2008 with Geological Reserves of 210 MT
• Mine plan approval was obtained in May 2010 , forest clearance from Ministry of Environment & Forest (Stage I)
• btained in April 2011 and stage II in early 2013
• Mining Contractor appointment notified and Lease anticipated to be executed shortly by GIDC
• KSK Mineral facilitating GIDC in coal block development - coal production commencement anticipated in the short term
• Mine: Gare Pelma III
• Mine Owner: Goa Industrial Development Corporation (“GIDC”)
• Mine Developer & operator: KSK Mineral Resources consortium
• Nature of activities: Technical studies, facilitation of mine plan / mine lease, land acquisition etc
• Revenue Model: Cost plus assured return

Investor Presentation, 2014

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Sustainability Initiatives

State of art Hospital at Raipur –

• ver 3000 consultations and

300 + cardiac surgeries , free

• f cost performed already

Investor Presentation, 2014

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Thank you