Tata Power Co. Ltd — Capital/Financing Update 2023

Dec 1, 2023

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December 1, 2023

BSE Limited Corporate Relationship Department 1[st] Floor, New Trading Ring Rotunda Bldg., P. J. Towers Dalal Street, Fort Mumbai – 400 001. Scrip Code: 500400

National Stock Exchange of India Limited Exchange Plaza, 5[th] Floor Plot No. C/1, G Block Bandra-Kurla Complex Bandra (East) Mumbai – 400 051. Symbol: TATAPOWER EQ

Dear Sirs,

Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations"), we would like to inform that the Company has received Letter of Intent (LOI) from PFC Consulting Limited (a subsidiary of Power Finance Corporation) to acquire Bikaner-III Neemrana-II Transmission Limited, a project special purpose vehicle (SPV).

Kindly find below details pursuant to SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023 (‘SEBI Circular’) -

S. No.	Particulars	Response
a)	Name of the entity to which order(s)/contract(s) is awarded;	The Tata Power Company Limited
b)	Whether order(s) / contract(s) is awarded to domestic/ international entity	Domestic Entity
c)	Significant terms and conditions of order(s)/contract(s) awarded, in brief;	The Project SPV (Bikaner III Neemrana II Transmission Limited) would be developed on Build-Own-Operate- Transfer basis, to provide transmission service for 35 years from the schedule date of commercial operation (SCOD) which is 24 months from the date of SPV acquisition. Major terms and conditions: SCOD– 24 months from Effective date (SPV transfer) Transmission Service Agreement period– 35 years Annual Transmission charges - ₹ 162.659 crore Payment Security– As per CERC Sharing Regulations Contract Performance Guarantee– ₹ 42 crore
d)	Time period, if any, associated with the order(s)/contract(s)	The award is placed on the Company for a period of 35 years.
e)	Broad commercial consideration or size of the order(s)/contract(s);	Estimated Project Cost– ~₹1,544 crore

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		Annual Transmission charges – ₹ 162.659 crore payable for 35 years.
f)	Whether the promoter/ promoter group/group companies have any interest in that entity to whom the order(s)/contract(s) is awarded? If Yes, nature of interest and details thereof;	Not applicable
g)	Whether the same would fall within related party transactions? If yes, whether the same is done at“arm’s length”.	Not applicable

The above information is being made available on the website of the Company: www.tatapower.com.

This is for your information and records.

Yours faithfully, For The Tata Power Company Limited HANOZ Digitally signed by HANOZ MINOO MINOO MISTRY Date: 2023.12.01 MISTRY 21:46:27 +05'30'

(H. M. Mistry) Company Secretary FCS 3606

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