OVERVIEW

The Initial Portfolio Assets comprise two power transmission projects located across four states of India. These projects comprise eight EHV Overhead Power transmission lines, comprising of six 765 kV transmission lines and two 400 kV transmission lines, with a total circuit length of approximately 1,936 ckms, and two sub-stations with 6,000 MVA of transformation capacity. Each of the Initial Portfolio Assets has in place long-term TSAs of 35 years from the scheduled commercial operation date of the relevant Initial Portfolio Asset. The TSAs have a contract term of 35 years from the scheduled commercial operation date, after which we can apply to CERC for renewal if not unilaterally extended by CERC.

The Initial Portfolio Assets are owned and operated by SGL1’s subsidiaries, JTCL and BDTCL. SGL1, a subsidiary of our Sponsor, owns 100% of the shares each of JTCL and BDTCL. The following table sets forth a summary description of the Initial Portfolio Assets:

Project Name Transmission line / sub-station Configuration Route length
(ckms)
Expiry of term of the TSA
Bhopal Dhule Transmission Company Limited Bhopal – Indore 765 kV S/C transmission line 176 March 31, 2049
Dhule – Aurangabad 765 kV S/C transmission line 192
Dhule – Vadodara 765 kV S/C transmission line 263
Bhopal – Jabalpur 765 kV S/C transmission line 260
Dhule – Dhule 400 kV D/C transmission line 36
Bhopal – Bhopal 400 kV D/C transmission line 17
Bhopal substation 2 x 1,500 MVA 765/400 kV -
Dhule substation 2 x 1,500 MVA 765/400 kV -
Jabalpur Transmission Company Limited Jabalpur-Dharamjaygarh 765 kV D/C transmission line 757 March 31, 2049
Jabalpur-Bina 765 kV S/C transmission line 235

Each of the Initial Portfolio Assets are located in strategically important areas for the power grid in India, which we believe makes their existence critical and their high replacement cost makes the transmission asset indispensable. For example, JTCL alleviates transmission capacity bottlenecks and expands the reliability and stability of the power grid in western and northern India by providing open access to transmit power from the independent power projects in the east of India, creating corridors that are crucial links. BDTCL facilitates the transfer of electricity from coal-fired power generation sources in the states of Odisha and Chhattisgarh to power load centers in India’s western and northern regions.

Jabalpur Transmission Company Limited

Bhopal Dhule Transmission Company Limited