Company: TGE
Filing Date: 2025-07-10
Form Type: 424B3
Source: 0001213900-25-062835
Chunk: 187

Company: Generation Essentials Group
Filing Date: 2025-07-10
Form: 424B3
Chunk 187
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 aspects of U.S. state or local or non-U.S. taxation. There can be no assurance that the IRS will not take positions inconsistent
with the considerations discussed below or that any such positions would not be sustained by a court.

This discussion does not consider
the tax treatment of partnerships or other pass-through entities or persons who hold the Securities through such entities. If a partnership
(or any entity or arrangement so characterized for U.S. federal income tax purposes) holds the Securities, the tax treatment of such
partnership and a person treated as a partner of such partnership will generally depend on the status of the partner and the activities
of the partnership. Partnerships holding the Securities and persons that are treated as partners of such partnerships should consult their
tax advisors regarding the U.S. federal income tax consequences of owning and disposing of Securities in light of their particular circumstances.

THIS SUMMARY DOES NOT
PURPORT TO BE A COMPREHENSIVE ANALYSIS OR DESCRIPTION OF ALL POTENTIAL U.S. FEDERAL INCOME TAX CONSEQUENCES OF ACQUIRING, OWNING AND DISPOSING
OF SECURITIES. HOLDERS OF SECURITIES SHOULD CONSULT WITH THEIR TAX ADVISORS REGARDING THE PARTICULAR TAX CONSEQUENCES TO THEM OF THE ACQUISITION,
OWNERSHIP AND DISPOSITION OF SECURITIES, INCLUDING THE APPLICABILITY AND EFFECTS OF U.S. FEDERAL, STATE, LOCAL, AND OTHER TAX LAWS.

As used herein, a “U.S. Holder”
is a beneficial owner of the Securities who or that is, for U.S. federal income tax purposes:

| ● | an individual citizen or resident of the United States, |

| ● | a corporation (or other entity that is treated as a corporation                                                                 
 for U.S. federal income tax purposes) that is created or organized (or treated as created or organized) in or under the laws of 
 the United States or any state thereof or the District of Columbia,                                                             |

| ● | an estate whose income is subject to U.S. federal income tax regardless of its source, or |

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| ● | a trust if (1) a U.S. court can exercise primary supervision over the administration of such trust                               
 and one or more U.S. persons have the authority to control all substantial decisions of the trust or (2) it has a valid election 
 in place to be treated as a U.S. person.                                                                                         |

Taxation of Dividends
and Other