Avaada Group – Corporate Presentation
India – Japan Environment Week
PROMISE OF A SUSTAINABLE FUTURE

January 2023

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Avaada Group – Vision & Mission

OUR MISSION
Enlighten, empower andenergize every community(sociallyandeconomically) to fulfill
their dreams.

OUR VISION
To be a 30 GW company
and impacting 1 million
lives by 2030.

OUR VALUESIMPACT: Integrity, Mutual
Respect,Passion,
Accountability, Commitment,
Trust

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Avaada Group is set to be a “sand-to-molecule” company
Avaada integrated business model
Equipment Manufacturing

Solar Panel
Manufacturing

Renewable Energy Business

Fuel and Feedstock

SolarGeneration

Green Hydrogen

Green Ammonia
WindGeneration

Green Methanol
Electrolyzer
Manufacturing

Sustainable
Aviation FuelStorage

Manufacturing Business Line

Renewable Energy

Green Ammonia

Asset-backed and active across the value chain from sourcing to sales

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Current

We are an integrated energy player with defined business targets

Equipment Manufacturing(Upstream)

Renewable Energy Generation(Midstream)

Solar Cells & Modules
5 GW under execution

RE Capacity
Operational + Under Execution - 11GW(to de-risk from supply chain
disruptions and build reliable
development model)Medium term

Equipment Supply Agreement for RE Project

PTT Group - Strategic Partner>>>

Integrated Polysilicon to Solar
Modules - 10 GW by 2030
JV for Electrolyser - 1 GW by 2025

Power Supply Agreement for Green NH3 facility >>>Fuel and Feedstock(Downstream)

Green Ammonia
1 MTPA under execution(to tap growth opportunities in sunriseindustry)

Sales agreement with end user of Green NH3

Scale up to 30 GW by 2030

Target 4 MTPA by 2030

Supported by strong demand from
Downstream business of Green H2and Green NH3

 Fertilizer Hard to abate industry (eg: steel,Co-firing in power generation)

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Avaada is already contributing to reducing GHG emission and UN SDGs

8 Million
Ton of CO2emissions

Reduction of emissions
from existing renewableenergy business

Sustainable future is the fundamental premiseof our business philosophy – our community
engagement model aligns with 13 UN SDGs

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Avaada Foundation building sustainable communities under EEEH

 Socio-economic
survey Regular
performanceaudits
 Stakeholder needassessment
exercise

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Social Impact created by Avaada Foundation
Education –Beneficiaries
40,000+Empowerment5,500+

Health – Lives
touched
1,25,000+

Environment Sapling
planted and trees
distributed 1,00,000+

Rural Electrification
10000+

EPC services

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Avaada Energy is an integrated player across Renewable Energy segment
Project Development
Land acquisition, Businessdevelopment, customer
acquisition, Permits andApprovals

Asset Management

Independent Power
Producer

Forecasting, scheduling,dispatch, operations andmaintenance

Ownership of RE assets

A scalable RE platform
with in-housecapabilities acrossmultiple segments
Evacuation Infrastructure

In-house Engineering,Procurement & Construction
Design, Contract management, EPC,
Park development along withassociated infrastructure,
Can be offered as a Service to 3rdParties

Setup Transmission system
upto 400kV,
Can be offered as a Service to3rd Parties

The systems and processes are enabled by Data ScienceRenewable Business8

Backing of strong equity partner

PTT’s Company Information:•Fully integrated & highly diversified over entire O&G value chain:• Largest refinery group & petrochemical producer group in Thailand• International E&P business and oil trading business• Power flagship “GPSC” with committed capacity of 7,102 MW•

PTT, the most valuable company listed on the The Stock Exchange ofThailand (SET), with market cap. of more than USD 77 bn

PTT Credit Ratingsat Thai sovereignlevel• S&P Global: BBB+
• Moody’s: Baa1
• Fitch Rating: BBB+

Summary of GPSC and Investment in Avaada:•

GPSC is the power and smart energy flagship of PTT Group•

GPSC partnered with Avaada Group through GRSC with ~ 43% stake•

GPSC, top 3 in power company listed on SET, with Mcap. of ~ USD 6.1 bn•

GPSC targets to be Top 3 power company in South-East Asia with more thanhalf of MW from their green portfolio by 2030Electricity

Conventional
4,467 MWSteam
2,946 T/H

Chilled water
15,400 RT

Renewable
2,655 MW

Industrial water
7,372 Cu.m./H

ESS battery
141 MWh

GPSC Global
Credit Rating

Fitch Rating: BBB-Avaada Group9

Avaada has the honour to develop the World’s largest single location solar
project of size 1.25 GW by a private developer

Interesting Facts about the project
Off taker - II
Off taker - I

Off taker - III

Grid Substation
Capacity: 1247 MW
Land: 5000 Acres

Boundary Length: 99 km

Solar modules: ~ 3 mn

Cable Length: 2,338 km

Total Steel Used: 30 Tons

CO2 Emission reduction: 2 mtpa

400 kV Transmission Line :Constructed and Maintained by Avaada

Being first of its kind project in India, multiple approval and permissions from National Transmission Planning Authority, offtakers
were taken with requisite technical documentation
Link to the documentary “Rays of Change” made by National Geographic Channel on our world’s largest single location solar power plant inRajasthan : https://youtu.be/QWGgmSZSznQ

Renewable Business

10Avaada Energy is well positioned to be “National Renewable Champion”
leveraging its expertise in one of the fastest growing markets
One of the Largest RE Platform in India with decade long track record

Top Quality Utility Scale Portfolio with diversified customer baseIntegrated Platform Having Strong Execution Capabilities
Focus on building land bank; acquired 12,500+ acres + identified 50,000+ acres forpipeline

Leading Player inIndia focussed onClean Energy
Transition

EPC capability 3GW+ p.a.

Partnership with PTT Group to benefit our global reach

Visionary Leadership with Highly Experienced Board and Management TeamRenewable Business11

World class EPC

EPC services

12Asset management practices
Technical Asset ManagementOperation Management•••

Plant / Asset Supervision
Asset Performance review
Management of Operation &Maintenance vendors
Warranty Administration

Plant Supervision
Performance Monitoring
Issue detection/ diagnostics
Service dispatch/Supervision
Security Monitoring
Warranty Claim management
Compliance Management

ASSET
MANAGEMENT

Maintenance Management

Commercial Management





Billing, Collection, Payments
Insurance administration
Interface with banks, investors,regulators, Local Authorities etc.
SPV/ Project Co. representation
Other Activities ( RECaccounting/trading, Community
benefits etc.)••••

EPC services

Preventive & Corrective PV
module, Monitoring system,
SCB’s
Switchyard & Switch Gears
Module Cleaning
Vegetation Management
Water Management,Road13

ISO certification – testament to international standards followed by Avaada

ISO 9001: 2015
Quality Management
System

ISO 14001: 2015
Environmental Management
SystemAwards and Accolades

ISO 45001: 2015
Occupational Health &Safety Management System

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Avaada Energy ranked Top Utility Scale Solar Power Producer in 1H’22
EQ International "Top &Most Powerful People in RE
Sector - (Private)2022(Mr. Vineet Mittal
Avaada Group)

Global Sustainability Awardby the Energy AndEnvironment Foundation
2022

ICC National Occupational
Health & Safety (OHS)Awards2022

Solar Engineering teamof the Year2022

 Avaada is the First Developer to obtain GIB approval to set up 220
kV overhead transmission line for Bhadla II project.
 Avaada is first and only Solar IPP to commission solar project in
NHPC Tender of 2000 MW

Awards and Accolades

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THANK YOU

Contacts

Narinder Goyal
President – New Initiatives and Ammonia
n.goyal@avaada.com

Deepak Agrawala
Senior Executive Vice President- Strategy, Equity and Investor Relations
deepak.agrawala@avaada.com

www.avaada.comOffice Address

406, Hubtown Solaris, NS Phadke Marg,
Andheri East, Mumbai – 400069
Phone: +91-022-6140 8000

910, Suryakiran Building, KG Marg,New Delhi – 110001
Phone: +91-011-6817 2100

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