We are pleased to quote our best price for 5 M W Solar Plant as appended. Annexure I : Price Schedule for 5 M W Solar Plant

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1 Dear Sir Greetings to you Subject: Offer for Supply of 5 M W Solar Plant Ref: Add posted on site Dear Sir, Greetings to you We are pleased to quote our best price for 5 M W Solar Plant as appended. Annexure I : Price Schedule for 5 M W Solar Plant Annexure II : BOQ & technical Specification for M W Solar Plant Annexure III : Commercial Terms and Conditions Our extensive field knowledge coupled with our industry experience helps us to deliver innovative technology in Solar Photovoltaics with extreme quality and world standards to cater to your energy needs. We offer a wide range of solar PV modules from 3Wp to 300Wp under ISO certified conditions. Our Multi crystalline solar modules are resilient and can withstand a wide variation in weather conditions. Our solar PV modules confirm to CE, TUV, UL, MCS, CEC and MNRE certifications and quality standards. Our production capacity is 25MW, semi automated and full automated inline process. Trust it is in line with your requirement, should you require any further clarification do get in touch with us.

2 Looking forward for your valuable order. Hope to do needful kindly Thanking you,

3 Annexure I Price Schedule for M W Solar Plant SN Description Unit Qty Rate (Rs) Amount (Rs) 1 5 M W Solar Plant Nos EPC M W Solar Plant of Equipment ( BOQ As per Annexure II) Site: USD USD RUPESS THIRTY CRORES FIFTY LACS ONLY Total MW = Rs = USD MW = 5 MW X 10 = Rs X 10 = Rs = USD RUPEES THREE HUNDRED AND FIVE CRORES ONLY INCLUSIVE OF ALL TAXES

4 ANNEXURE II BOQ & technical Specification for 5 M W Solar Plant. Detailed EPC Quotation 5 MW Grid Connected Solar Power Project Project Specifics: Capacity for Sale 5 MW PPA Scheduled Last Completion Date PPA Rates Action Plan for To be signed with state utility / private consumer. PPA Validity for 25 years. No regulation. It is completely up to the developer to Commission the project as early as possible. We have assumed a PPA with AP DISCOM regulated as per APPC norms valid for 25 years. A typical 5 MW takes around 09 months to commission. Project Execution Once the PPA is signed between the investor and buyer, and all legal and administrative clearances are in place, the Project execution can commence.

5 Project Execution Responsibilities: Project Investor A A ELECTROCALS (i) Arrangement for Equity and Debt Financing. (ii) Obtaining necessary legal and administrative clearances Required to execute the project. (iii) Arrangement of land for the project. (i) Complete EPC of the project till project commissioning. (ii) AAE will also support the investor for the project registration and other regulatory paperwork Required for registering and selling the REC s. (iii) O&M of the project till the agreed period. Scope of Max EPC Work: PV Panels: Max Poly-Crystalline Modules (Model FE-60-M235) Other Major Components/Services: Exclusions Evacuation of Power from the plant to the nearest sub-station. Thanking you,

6 Item BOQ Description Scope of Work Supply Erection Civil 1 Solar PV Panels Yes Yes Yes 2 Inverters - SMA/Power One/ABB/ Yes Yes Yes String Combiner - Shoals Wireless Combiner Boxes 3 or Equivalent Yes Yes Yes 4 SCADA System - Siemens or Equivalent Yes Yes Yes 5 Mounting Structure - Galvanized Steel Yes Yes Yes 6 Cables & Cable Terminations I All Required DC Cables up to Inverter Point Yes Yes Yes ii All Required AC Cables LV Yes Yes Yes iii All Required AC Cables - 33 KV Yes Yes Yes iv Control Cables & Cable Terminations Yes Yes Yes 7 Earthlings & Lightning System I Earthlings System Yes Yes Yes ii Lightning Protection System Yes Yes Yes 8 Transformers, RMU, 33 KV Panel I 6.25 MVA Transformer Yes Yes Yes ii 1 no s of RMU Yes Yes Yes iii 33 KV Panel Yes Yes Yes 9 Switchyard i 415V/33KV Switchyard Yes Yes Yes ii Control Room Yes Yes Yes iii Site Office Yes Yes Yes Yes Yes Yes 10 Land Development i Water System for Plant - Overhead Tanks Yes Yes Yes ii Peripheral Lighting Yes Yes Yes iii Safety Equipment for Plant Yes Yes Yes iv Peripheral & Internal Main Roads Yes Yes Yes v Barbwire/Chain Link Fencing Yes Yes Yes vi Drainage System at One End of the Plant Yes Yes Yes vii Bore well Yes Yes Yes

7 ANNEXURE III COMMERCIAL TERMS AND CONDITIONS 1. Price: The price quoted by us is on firm basis. 2. Mode of Payment: By NEFT / RTGS within one weeks of receipt of invoice. BANK DETAIL BANK NAME : STATE BANK OF INDIA ACCOUNT HOLDER : A A ELECTROCALS A/C NUMBER BRANCH NAME IFS CODE BANK ADDRESS 3. Terms of payment : : (CURRENT ACCOUNT) : SAFED PUL. : SBIN : 3 / 34, SAGAR PALLAZIO, SAKINAKA JUNCTION, MUMBAI MAHARASHTRA (INDIA) 1. 25% advance with conformed Purchase Order % of the total cost against proforma invoice of First Supply of Material % of the total cost against proforma invoice of Second Supply of Material. 4. Final 5 % of the total cost against proforma invoice of Payment along with Final Completion Certificate Taxes & Duties: All applicable taxes Inclusive 4. Clear drinking Water, Water Require for construction of Civil Structure & Electric supply of 3 Phase 440V will be given to us at free of cost. 5. Validity: Our offer will remain valid for the period of 15 days. 6. TICKET VISA AND ACUMODATION WITH FOOD ALLAWANCE IS IN YOUR SCOPE OF WORK. Thanking you,