9/26/2016 ADA PROJECTS Pvt. Ltd. INDIA

9/26/2016 A PROPOSAL TO GUJARAT INFRASTRUCTURE DEVELOPMENT BOARD FOR SETTING-UP INTEGRATED ENERGY COMPLEX AT MANDVI-KUTCH (GUJARAT) INDIA

PRESENTATION OUTLINE t OIL & GAS OVERVIEW t POWER SECTOR OVERVIEW t THE PROJECT t THE TEAM t PROJECT SPECIFICS t SITE LOCATION t FINANCIAL PLAN t RISKS & REWARDS t KEY ISSUES 9/26/2016

OIL & GAS – PRESENT SCENARIO t Global need of petroleum products 4.5% yearly. t Crude oil refining capacity required to the tune of 445 MMT by 2025 t Expected world-wide deficit caused by shut-down of small and uneconomical refineries. t India enjoys several advantages on refining front : t Strategic location enroute of Middle East crude for east Asian and Pacific rim markets t Cost advantages over erstwhile importing countries Oil & Fuel supply through marine vessels & surface transport is the major bottleneck for refinery & power plants

9/26/2016 POWER SECTOR - INDIAN SCENARIO t Indian power sector is the 3 rd largest in Asia after China and Japan t The additional need of electric power of India will exceed MW by the year 2012 –Installed Capacity: 1,45,588 MW (as on 31st March 2008) Peak Demand108,866 MW Demand Met90,793 MW Peak Deficit16.6% Energy Requirement740 BU Energy Availability666 BU Energy deficit9.9% Capacity addition projections as per Integrated Energy Policy

9/26/2016 THE PROJECT t Multi-facility Energy Infrastructure. t Down stream Petroleum Refinery t Combined Cycle Power Generation Plant t OMAN – Mandvi(India) OIL & GAS Pipeline across Arabian Sea. t Related industries- Petrochemical, Fertilizer, Plastic products t Highly Ambitious & Prospective World’s largest Energy complex of its’ kind.

9/26/2016 THE TEAM t A consortium headed by ARAMCO-KSA & ADA -India. t A Strong team of International giants from Energy and Finance sectors t Capabilities include previous experience and accomplishments with a Track- record of success in large transactions & projects. t Resource mobilizing capabilities with aptitude to exploiting local skills at every level

9/26/2016 PROJECT SPECIFICS -Power t Capacity : Power generation – 5000MW t Output : 4000million units per year t Tariff : Rs.3.50/kWh (US$0.075/kWh) (standard escalation applicable) t Availability : 85% after plant stabilization t Fuel : Natural Gas t Fuel Sources : UAE, Saudi Arabia, Oman, Bahrain & Qatar t Gross Revenue : US$2800million(US$2.8Billion)

9/26/2016 PROJECT SPECIFICS - Refinery t Capacity: 1.4Million BPD (70MMT/Year) t Spectrum: Broad spectrum (Light to Heavy) t Complexity: Nelson complexity index 9.8+ t Rates: US$14.00/Barrel for refining t Revenue: $7,154 Million (US$7.154Billion) t Clients: Major oil groups of Arabian countries & Russia. t Ancl. Industries: Petro-chem, Fertilizer, Aromatic & Plastics. 100% EOU Down stream Petroleum Refinery

9/26/2016 REFINERY FLOW CHART

9/26/2016 t Petrochemical Unit : t 7 MMT of Basic Chemicals & 3.5 MMT of plastic and polymers production capacity t Besides, Aromatic and other Benzene compounds t Fertilizer Unit : t 3.5 MMT of Urea and Ammonia Compounds Production capacity PROJECT SPECIFICS – Ancillary Industries

9/26/2016 PROJECT SITE LOCATION India Gujarat Mandvi - Kutch

9/26/2016 PROJECT SITE LOCATION PROPOSED SITE FOR PROJECT NH-8A MANDVI BHUJ

9/26/2016 PROJECT SITE LOCATION MANDVI OMAN UAEMUSQAT Proposed Oil & Gas Pipeline : Oman - Mandvi APPROX. 600 MILE LENGTH

9/26/2016 ADVANTAGES t 100% FDI and 100% repatriation including interest, returns and capital allowed by energy policy of India. t Economical raw material, labor, construction and operation. t Simple PPA with assured 100% energy off-take and regular payment assurance for energy bills anticipated from major power traders. t Guaranteed revenue from long term refining contracts. t Lowest power tariff offered to India and economical refining charges to foreign oil groups. t 100% EOU earns strong foreign currency revenue to grow Indian economy. t Ideal location with better infrastructure and transport facility.

9/26/2016 GOALS & OBJECTIVES t To participate in electric power generation activities of India with capacity addition. t To become strong partner in capacity addition by 15% of global refining needs. t To build Eco-friendly power plants & refineries using latest technology t To develop better infrastructure by captive port facility & development of unique Oman-India pipeline for oil & gas transportation. t To develop world’s No. 1 energy & petrochemical complex. t To help India becoming strong oil hub and capital hub for Asia.

9/26/2016 FINANCIAL PLAN t 100% FDI (Foreign Direct Investment) committed by the developers t Estimated project cost over 42.00bn USDollar to be mobilized in Four phases t Lowest tariff Rs per kWh (US$0.075/kWh) throughout the length of PPA offered t High-level financial plan that defines financial model, pricing assumptions, and reviews on yearly expected sales of energy for the next thirty years designed by experts.

9/26/2016 RESOURCES REQUIREMENT t TECHNOLOGY :-Natural gas fired Super-critical boilers to produce high pressure steam to run LP, IP and HP turbine coupled with generator rated at 3000RPM/50Mhz. t UOP/Honeywell, KBR, GE, Raytheon etc for refinery with FCC, GCC & related distillation units t O & M :-Strong Indian operators for power plant and refinery. t Local staff at all stages of project development and for O&M to be given priority.( personnel resp’ly).

9/26/2016 RISKS & REWARDS t RISKS:-Delay in oil refining contracts, power off-taking agreement and gas supply contracts may cause price hike in construction cost. t Delay in obtaining all permits,clearances and licenses may cause implementation schedule delayed. t REWARDS:-Fastest construction schedule with all permits and clearances in hand can result into saving of capital costs. Strong cash flow and profit for investors on long term basis assured.

9/26/2016 KEY ISSUES t FINANCE:-100% capital by issuance of insured 6% -7% global bonds through prime Stock-exchanges t CONSTRUCTION: 48 to 60 months from date of fund closing t LOIs :From investors, project participants and project clients t CONTRACTS: Refining, Power off-take and Natural Gas supply to be concluded at the earliest. t LAND : hectares in process for acquisition and to be assigned to project company at most competitive cost. t HSE : Strong HSE measures to be maintained throughout operation length. (Health, Safety & Environment)

9/26/2016 FIGURES at a GLANCE t PIPE LINE: 600 Mile long oil & gas pipe line to transport 70million MT of Crude oil & 10million MT of Natural gas t 16.5%+ capacity addition in global refining need by t World’s largest facility to Refine crude oil & produce Petrochemical, Plastic Fertilizer products t Highest revenue generation streams on long term above US$12.00billion yearly

THANK YOU 9/26/2016