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Reliance Power Limited

Corporate Presentation

February 2013


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Confidential

Important Notice

This presentation, which has been prepared by Reliance Power Limited (the Company), has been prepared solely for information purposes and do

not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis of or be relied on in

connection with any contract or binding commitment whatsoever.

This presentation is strictly confidential and may not be copied, published, distributed or transmitted to any person, in whole or in part, by any

medium or in any form for any purpose. The information in this presentation is being provided by the Company and is subject to change without

notice. The Company relies on information obtained from sources believed to be reliable but does not guarantee its accuracy or completeness

This presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company

makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness,

fairness and reasonableness of the contents of this presentation. This presentation may not be all inclusive and may not contain all of the

information that you may consider material. Any liability in respect of the contents of, or any omission from, this presentation is expressly excluded.

Certain matters discussed in this presentation may contain statements regarding the Companys market opportunity and business prospects that areindividually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject

to known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to,

the performance of the Indian economy and of the economies of various international markets, the performance of the power industry in India and

world-wide, competition, the Companys ability to successfully implement its strategy, the Companys future levels of growth andexpansion,

technological implementation, changes and advancements, changes in revenue, income or cash flows, the Companys market preferences and its

exposure to market risks, as well as other risks. The Companys actual results, levels of activity, performance or achievemen ts could differ materially

and adversely from results expressed in or implied by this presentation. The Company assumes no obligation to update any forward-looking

information contained in this presentation. Any forward-looking statements and projections made by third parties included in this presentation are not

adopted by the Company and the Company is not responsible for such third party statements and projections.The distribution of this presentation in certain jurisdictions may be restricted by law and persons into whose possession this presentation comesshould inform themselves about and observe any such restrictions.

You acknowledge that you will be solely responsible for your own assessment of the market and the market position of the Company and that you

will conduct your own analysis and be solely responsible for forming your own view of the potential future performance of the business of the

Company.

This presentation speaks as of February 2013. Neither the delivery of this presentation nor any further discussions of the Company with any of the

recipients shall, under any circumstances, create any implication that there has been no change in the affairs of the Company since that date.


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DRAFT FOR DISCUSSION PURPOSES ONLY

Confidential

Contents Birds eye view of Rosa plant

Slide 3

1.Company Overview

2.Performance of Operating plants

3.Projects under implementation

4.Financial Performance


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Section 1

Company Overview


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Confidential

Reliance Power: A Snapshot

1,840 MW of operational

capacity

Over 20,000 MW under

implementation

Constructing Indias

largest gas-based power

plant of 2,400 MW

Won 3 of the 4 UMPPs

awarded by GoI

One of the largestcapacities of renewable

energy projects under

construction in India

Power Generation Resources

3 captive coal blocks in

India with aggregate coal

reserves of c. 2 bn tonnes

Coal production started atMoher Mines (Sasan) -

peak production 20

million tonnes per annum

3 coal concessions in

Indonesia with estimated

coal resources of c. 2 bn

tonnes

Planned peak coal

production of 95 million

tonnes

4 Coal Bed Methane

(CBM) blocksReliance Groups brand, experience and

position in the Indian Power Sector

Focus on environmentally friendly

technologies

Portfolio well diversified by fuel, fuel-source ,

geography and offtake

Largest coal reserves amongst private power

generation companies

Largest portfolio of power projects under

construction and development in the private

sector

One of Indias leading power developmentcompany

Slide 5


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Confidential

Generation portfolio is well diversified by fuel type, offtake and location

Reliance Power: Projects PortfolioPower Operation

Project No. Capacity (MW)

Coal based 1 1,800

Solar 1 40

PowerDevelopment

Project No Capacity (MW)

Hydroelectric 12 5,292

Coal based 1 ~5,000

Resources

Asset No Resources

Coal blocks-India 3 ~ 2 bn tonnes

Coal mine-Indonesia 3 ~2 bn tonnes

CBM blocks 4 193.92 BCM

Butibori^(600 MW)

Rosa #

(1,200 MW)

Tilaiya^

(3,960 MW)

Krishnapatnam^

(3,960 MW)

Chitrangi^(3,960 MW)

Sasan^(3,960 MW)

Samalkot^(2,400 MW)

Sohagpur

Kothagudem

Barmer 4

Barmer 5

Coal Gas Coal Mines CBM blocks

# Operating Projects; ^ Projects Under Construction; * Projects Under Development

Solar CSP^

(100 MW)

Solar PV #

(40 MW)

Wind

(45 MW)

Renewable

Hydro Projects *(672 MW)

Hydro Project*(400 MW)

Hydro Projects*(4,220 MW)

Hydro

Power Implementation

Project No. Capacity (MW)

Coal based 5 15,840

Gas based 1 2,400

Solar 1 100

Wind 1 45

Slide 6


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Section 2

Performance of Operating plants


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1,200 MW ROSA: Operating Performance

8

Consistent growth in generation

1,1911,004 987

1,109

2,055

1,655

2,407

0

500

1,000

1,500

2,000

2,500

3,000

Q1 FY12 Q2 FY12 Q3 FY12 Q4 FY12 Q1 FY13 Q2 FY13 Q3 FY13

Units generated (MU)


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1,200 MW ROSA: Financial Performance

9

Continuous growth in generation and profits

529 474 441 514

988 923

1,312

0

500

1,000

1,500 Revenue

All figs in Rs crore

208163 163

218

346 360

456

0

200

400

600 EBITDA

11076 75 78

136 141

211

0

100

200

300

Q1 FY12 Q2 FY12 Q3 FY12 Q4 FY12 Q1 FY13 Q2 FY13 Q3 FY13

PAT


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40 MW Solar PV, Rajasthan

Continuous growth in generation and profits

10

12.913.8

15.2

8

12

16

Q1 FY13 Q2 FY13 Q3 FY13

Generation (million units)

3.6

6.7

12.3

0

4

8

12

16

Q1 FY13 Q2 FY13 Q3 FY13

PAT (Rs crore)


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Section 3Projects under implementation


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Progress of projects under construction

Butibori: 600 MW

Sasan UMPP: 3,960 MW

Renewables: 300 MW

Samalkot: 2,400 MW

12




Butibori: 600 MW


Renewables: 300 MW

Samalkot: 2,400 MW

13



600 MW Butibori, Maharashtra: Highlights

14

Unit 1 synchronized on 25th June 2012

Unit 2 synchronized on 2nd January 2013

Exploring multiple avenues for power sale

Petition filed with MERC for sale to RInfra on cost plus

FSAs expected to be signed shortly

Petition filed with MERC for cost plus power sale




Butibori: 600 MW


Renewables: 300 MW

Samalkot: 2,400 MW

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3,960 MW Sasan UMPP, MP : First Unit Highlights

16

Boiler steam blowing completed

Generator stator erection and TG box-up completed oil flushing in progress

Powerhouse Building structure erection completed

400 kV switchyard connected to the national grid

765 kV switchyard energized

First unit to be synchronized in the next few days



3,960 MW Sasan UMPP, MP : Other Highlights

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Boiler hydro-test completed for second unit

Boiler pressure parts erection commenced in all units

TG deck casting completed in 3 units

Shell concreting of both chimneys completed

All units on track to be commissioned ahead of schedule



Sasan UMPP: Mine Highlights

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Large sized equipment commissioned and put to use

5 out of 6 nos. 42 m3 rope shovels in operation

28 out of 55 nos. 240 tonne Dumpers in operation

Mine Auxiliary Equipment (Cranes, Trucks) in Operation

13 out of 18 large size Dozers and 5 out of 9 Graders in operation

8 out of 16 Drills commissioned

Coal produced sufficient to start power plant operations




Butibori: 600 MW


Renewables: 300 MW

Samalkot: 2,400 MW

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2,400 MW Samalkot, AP: Highlights

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Four gas turbines ready for generation

Combined cycle commissioning to be based on gas availability

Evaluating multiple options for gas sourcing

Planning to set up FSRU in Kakinada in partnership with Shell




Butibori: 600 MW


Renewables: 300 MW

Samalkot: 2,400 MW

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100 MW Solar CSP, Rajasthan: Status Update

On track to be commissioned by May 2013

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Entire land (340 hectare) under possessionLand

Signed with NVVN at a levelized tariff of Rs 11.97/unitPPA

Signed with R-Infra AREVA to provide Solar Field technology supply

EPC

Financial closure achieved with involvement of US Exim,ADB, FMO and othersFinancing

Construction at site in full swingConstruction


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Confidential Slide

45 MW Vashpet Wind, Maharashtra: Status Update

PPA signed with R-Infra, regulated tariff of Rs 5.67/unitPPA

Signed with Global Wind Power Limited (GWPL) & Global Wind

Infrastructure and Services Pvt Ltd ( GWISPL)EPC Contract

Foundation work: Completed (40 MW) , WIP (5 MW)

40 MW (16 WTGs) erected and trial run for 3 WTG in progressConstruction Activities

USD 25mn - ECB from Axis Bank

Balance through Rupee borrowingsFinancing

Entire capacity to be commissioned by March 2013

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Confidential Slide

Progress of projects under development

Chitrangi Power Project: 3,960 MW

Tilaiya UMPP & Coal Mines: 3,960 MW

Hydro Projects: 5,292 MW

Indonesian Coal

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Confidential

3,960 MW Chitrangi, MP: Highlights

To commence construction after forest clearance of Chhatrasal mines

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Entire govt. land under possession

Entire private land awarded, mutation and diversion completedLand

CWC clearance for water from Gopad receivedWater

Site leveling completed

Main plant civil work ready to commenceConstruction

Awaiting Stage II forest clearance for ChhatrasalCoal


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Confidential

3,960 MW Tilaiya UMPP, Jharkhand: Highlights

Progress being made on all aspects of project development

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Private land (186 acres): Ownership Transferred Forest land (1220 acres): Stage II Forest Clearance received. Final handover

expected shortly

Govt. land (167 acres): Final approval expected shortly

Land

R&R survey complete , R&R plan submitted to district administrationR&R

Medical camps, Hand pump installation, Blanket distribution taken up

NGOs identified and SHGs being formed for livelihood generationCSR

Escrow Assessment study completed; ESIA/ESMP to meet IFC PerformanceStandards prepared

Letter of Intent submitted to US EXIM for project financing; discussion withother overseas & domestic banks in progress

Financing


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Confidential

Tilaiya Coal Mines, Jharkhand: Highlights

Progress made on land acquisition and mine planning

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Application for Section 4 notification under approval at State revenue dept. Forest Diversion proposal under approval at State Forest DepartmentLand

Socio-economic survey completed

LA proposal for 988 acres of land for R&R colony with State Revenue Dept. forissuance of Section 4

R&R

EIA/EMP submitted to MoEF; public hearing conducted in May 2012

Stage-I Forest Clearance being processed for recommendation by State Govt.EC & FC

Mining lease application with State Mining Dept. for prior approval to GoI

NIT issued for major equipments; Discussions with OEMs in progressCoal Mining


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Confidential

5,292 MW Hydro Portfolio

Uttarakhand

(400 MW)

Arunachal Pradesh

(4220 MW)

Himachal Pradesh

(672 MW)

Project LocationCapacity

(MW)

Tato II Arunachal Pradesh 700

Siyom Arunachal Pradesh 1,000

Kalai II Arunachal Pradesh 1,200

Urthing Sobla Uttarakhand 400

Emini Arunachal Pradesh 500

Amulin Arunachal Pradesh 420

Mihundon Arunachal Pradesh 400

Purthi Himachal Pradesh 300

Teling Himachal Pradesh 94

Shangling Himachal Pradesh 44

Sumte Kothang Himachal Pradesh 130

Lara Sumta Himachal Pradesh 104

5,292

Development activities in progress for each project

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Confidential

700 MW Tato-II, Arunachal Pradesh: Status Update

Project at advanced stage of development

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Award for entire project land (786 acres) pronounced by State Govt. R&R Plan submitted to GoAP for approval & implementationLand

Techno-economic clearance obtained from CEA

Techno-Economic

Clearance

Environmental clearance and Consent to establish obtainedEnvironmental

Clearance

PPA signed with Delhi Discoms for 60% power. Regulatory approval in process

PPA signed with Mumbai Discoms for 40% power. Regulatory approval inprocess

Power Sale


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Confidential

Indonesian Coal: Highlights

51,000 m of drilling completed in all 3 concessions

JORC Resources and Reserves certified by Marston, USA

All major clearances obtained

Detailed mine plan for commencement of mining prepared

Coal production to start in 2013

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Section 4Financial Performance


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DRAFT FOR DISCUSSION PURPOSES ONLYConfidential

Robust Financial PerformanceTotal Income (Rs crore)Total Income (Rs crore) EBITDA (Rs crore)EBITDA (Rs crore)

PAT (Rs crore)PAT (Rs crore)PBT (Rs crore)PBT (Rs crore)

42

1,049

1,958

3,677

801

869

809

342

0

1,000

2,000

3,000

4,000

5,000

FY10 FY11 FY12 9 mth FY1317

416

753

1,312

700

676

618

278

0

500

1,000

1,500

2,000


5164

423

717

698608

529

247

0

200

400

600

800

1,000

1,200

FY10 FY11 FY12 9 mth FY13 4132

339

592

680628

528153

0

200

400

600

800

1,000


Continuous increase in contribution from generating assets

Contribution from generating assets

Others

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Thank You