Company: TGE
Filing Date: 2025-07-10
Form Type: 424B3
Source: 0001213900-25-062835
Chunk: 311

Company: Generation Essentials Group
Filing Date: 2025-07-10
Form: 424B3
Chunk 311
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 using the assumptions that market participants would use when pricing the asset or liability, assuming that market participants
act in their economic best interest.

The Group uses valuation techniques that are appropriate in
the circumstances and for which sufficient data are available to measure fair value, maximizing the use of relevant observable inputs
and minimizing the use of unobservable inputs.

All assets for which fair value is measured or disclosed in
the consolidated financial statements are categorized within the fair value hierarchy, described as follows, based on the lowest level
input that is significant to the fair value measurement as a whole:

| Level 1 | based on quoted                                                           
 prices (unadjusted) in active markets for identical assets or liabilities |

| Level 2 | based on valuation                                                                                                                         
 techniques for which the lowest level input that is significant to the fair value measurement is observable, either directly or indirectly |

| Level 3 | based on valuation                                                                                            
 techniques for which the lowest level input that is significant to the fair value measurement is unobservable |

For assets that are recognized in the consolidated financial
statements on a recurring basis, the Group determines whether transfers have occurred between levels in the hierarchy by reassessing categorization
(based on the lowest level input that is significant to the fair value measurement as a whole) at the end of each reporting period.

<div align='center'>F-55

THE GENERATION ESSENTIALS GROUP
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
F OR THE YEARS ENDED DECEMBER 31, 2022, 2023 AND 2024</div>

| 2. | APPLICATION OF INTERNATIONAL FINANCIAL REPORTING STANDARDS 
 (cont.)                                                    |

Property, plant and equipment, apart from properties, are
stated at cost or fair value less accumulated depreciation and any impairment losses. The cost of an item of property, plant and equipment
comprises its purchase price and any directly attributable costs of bringing the asset to its working condition and location for its intended
use.

Expenditure incurred after items of property, plant and equipment
have been put into operation, such as repairs and maintenance, is normally charged to the consolidated statement of profit or loss and
other comprehensive income in the year in which it is incurred. In situations where the recognition criteria are satisfied, the expenditure
for a major inspection is capitalized in the carrying amount of the asset as a replacement. Where significant parts of property, plant
and equipment are required to be replaced at intervals, the Group recognises such parts as