Annexure XIV Continued… - Edelweiss

2. Power purchase agreement dated January 4, 2011 between Aryan Chhattisgarh Power Generation
Company Limited, our Subsidiary (“ACPGCL”) and Chhattisgarh State Power Trading Company
Limited (“CSPTCL”)
ACPGCL has entered into a power purchase agreement dated January 4, 2011 with CSPTCL (“PPA”) for sale
of power from the coal based power project with an installed capacity of 1,200 MW at Korba and Janjgir-
Champa district, State of Chhattisgarh (“Champa Project”).
As per the PPA, ACPGCL has undertaken to sell to CSPTCL the contracted power i.e. sum of 30% of the
aggregate capacity of the Champa Project and 5% of the net power generated by the Champa Project on an
annualized basis in accordance with the tariff structure laid down in the PPA. The obligations of ACPGCL
include executing the Champa Project in a timely manner so as to enable each of the units and the power
station to be commissioned not later than its scheduled commercial operation date and making available the
contracted output and contracted capacity through the use of prudent utility practices to CSPTCL.
The term of the PPA is for a period of twenty years from the date of commencement of supply of electricity by
ACPGCL to CSPTCL, unless extended in accordance with the PPA. The PPA can be terminated upon the
happening of events of default by either of the parties in accordance with the PPA.
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