Indian Energy Exchange Limited

rs,

Southern Park, District Centre, Saket, New Delhi–110017, India Corporate Office: 9th Floor, Max Towers, Sector 16B, Noida, Uttar Pradesh–201301 , India Tel: +91-011-3044 6511 | Tel: +91-120-4648 100 | Fax

33%

ft Digitisation Intelligent Apps to optimize plants and grid Shifting Energy Mix % Renewable 33% 41% 50% FY 2010 FY 2023* FY 2030 Installed Capacity ➢ 168 GW installed renewable capacity (i

41%

igitisation Intelligent Apps to optimize plants and grid Shifting Energy Mix % Renewable 33% 41% 50% FY 2010 FY 2023* FY 2030 Installed Capacity ➢ 168 GW installed renewable capacity (includ

50%

sation Intelligent Apps to optimize plants and grid Shifting Energy Mix % Renewable 33% 41% 50% FY 2010 FY 2023* FY 2030 Installed Capacity ➢ 168 GW installed renewable capacity (including

168 GW

Shifting Energy Mix % Renewable 33% 41% 50% FY 2010 FY 2023* FY 2030 Installed Capacity ➢ 168 GW installed renewable capacity (including large hydro) in Dec’22 ➢ India aspires to achieve 500 GW

500 GW

168 GW installed renewable capacity (including large hydro) in Dec’22 ➢ India aspires to achieve 500 GW of renewable capacity by 2030 *FY23 data till Dec’22 3 In this presentation: Sector in Transi

27 GW

68 40.9 FY 2030 CEA Proj. 817 267 32.7 506 61.9 Upcoming Coal Cap GW (in next 3 Yrs) 27 GW - World’s largest network Reforms Underway ➢ Inter-reg. trans. Cap.: 112.3 GW ➢ Avg. AT & C Los

112.3 GW

GW (in next 3 Yrs) 27 GW - World’s largest network Reforms Underway ➢ Inter-reg. trans. Cap.: 112.3 GW ➢ Avg. AT & C Losses: 21% presently ➢ 4.63 Lakh CKM of trans. lines ➢ Green Corridor: RE rich s

21%

orld’s largest network Reforms Underway ➢ Inter-reg. trans. Cap.: 112.3 GW ➢ Avg. AT & C Losses: 21% presently ➢ 4.63 Lakh CKM of trans. lines ➢ Green Corridor: RE rich states; projects for evacu

4.63 Lakh

work Reforms Underway ➢ Inter-reg. trans. Cap.: 112.3 GW ➢ Avg. AT & C Losses: 21% presently ➢ 4.63 Lakh CKM of trans. lines ➢ Green Corridor: RE rich states; projects for evacuation of RE into Nation

15%

s. lines ➢ Green Corridor: RE rich states; projects for evacuation of RE into National grid to 15% ➢ Reduction in Outstanding dues & ensuring future payments ➢ Liquidity infusion schemes ➢ 99.

99.9%

15% ➢ Reduction in Outstanding dues & ensuring future payments ➢ Liquidity infusion schemes ➢ 99.9% times no congestion ➢ Choice to consumers ➢ Electrification as decarbonization lever: EV, Cooki

“July’22 and Aug’22 production increased by 12% and 9% YoY resp ➢ As inventory at power plant has increased, MoP has eased coal import norms – no additional import ➢ Coal position expected to improve in short to medium term: ✓ Mines and Minerals Act, 1957 amended to allow sell up to 50% of their annual production after meeting the requirement of the end use plant.”

“✓ 100% FDI allowed for commercial mining; auction process of 46 blocks completed ✓ CIL has offered 20 discontinued coal mines for re-opening on revenue sharing basis ✓ CIL has also invested in the construction of 7 critical new rail line project 250 200 150 100 50 0 12 10 8 6 4 2 0 Coal Inventory at Power Plant 10 167 12 12 203 187 11 11 180 170 12 13 194 205 9 9 153 142 14 12 10 8 6 4 2 0 Apr May Jun Jul Aug Sep Oct Nov Dec MT No.”

“➢ Will help India achieve its target of reducing the emission intensity of its GDP by 45% by 2030 to limit global warming to 1.5 degrees Celsius.”

“By facilitating corporates to meet their climate commitments goals, ICX will help India achieve its target of reducing the emission intensity of its GDP by 45% by 2030 to limit global warming to 1.5 degrees Celsius.”

“Going forward, IEX will continue to work towards building a sustainable and efficient energy future for India.”

In this presentation

6

Bilateral

1

Exchanges

1

In this presentation

Sector in Transition Electricity Value Chain IEX: Who We Are Indian Gas Exchange (IGX) International Carbon Exchange (ICX) Way Forward 2 Sector in Transition Decarbonisation Deployment of low-carbon technologies - wind and solar Decentralisation Small-scale generation across T&D network Democratisation Empowered consumers - economic power shift Digitisation Intelligent Apps to optimize plants and grid Shifting Energy Mix % Renewable 33% 41% 50% FY 2010 FY 2023* FY 2030 Installed Capacity ➢ 168 GW installed renewable capacity (including large hydro) in Dec’22 ➢ India aspires to achieve 500 GW of renewable capacity by 2030 *FY23 data till Dec’22 3

In this presentation

Sector in Transition Electricity Value Chain IEX: Who We Are Indian Gas Exchange (IGX) International Carbon Exchange (ICX) Way Forward 4 Electricity Value Chain Generation Transmission Distribution & Consumption Installed Capacity Energy Transition As on 31st Dec’22 Total GW Coal Cap GW Coal (%) RE & Hydro GW RE & Hydro % 410 211 51.4 168 40.9 FY 2030 CEA Proj. 817 267 32.7 506 61.9 Upcoming Coal Cap GW (in next 3 Yrs) 27 GW - World’s largest network Reforms Underway ➢ Inter-reg. trans. Cap.: 112.3 GW ➢ Avg. AT & C Losses: 21% presently ➢ 4.63 Lakh CKM of trans. lines ➢ Green Corridor: RE rich states; projects for evacuation of RE into National grid to 15% ➢ Reduction in Outstanding dues & ensuring future payments ➢ Liquidity infusion schemes ➢ 99.9% times no congestion ➢ Choice to consumers ➢ Electrification as decarbonization lever: EV, Cooking, Traction 5 50% Non-fossil fuel based Capacity by 2030 One Nation One Grid One Price Regulatory Strengthening Installed Capacity has grown at

Exchanges

Real Time (1hour) – 90 days 4.5% 7.7% DSM 1.9% Bilateral & Banking Transactions Exchanges (Up to 90 days) ➢ Day Ahead Market, Real Time, Intraday, Contingency, Term Ahead up to 90 days, GTAM, GDAM, and Certificates Deviation Settlement/ Unscheduled Interchange Total Power Generation excludes renewable power Source: CERC While the Short-term power market has witnessed 2X growth, Power Exchanges have grown 7x in the last decade 8 Fast Growing Exchange Markets Exchanges (BU) Bilateral (BU) CAGR: 20.4% CAGR: 1.7% DSM (BU) CAGR: 1.0% 48 54 56 101 80 56 67 58 60 44 25 25 24 23 23 FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 Source: CERC Driven by competition and flexible procurement, the Exchange markets constitute >50% of ST power market. 9 Immense Potential to Deepen India’s Power Market 91% 49% 47% 39% 34% 23% 15% 8% Nordpool Germany UK Netherlands Switzerland Belgium France India Source: CRISIL Study Markets are in the range of 30-80% in developed economies.

In this presentation

Sector in Transition Electricity Value Chain IEX: Who We Are Indian Gas Exchange (IGX) International Carbon Exchange (ICX) Way Forward 13 India’s Premier Technology-led Energy Marketplace ➢ Nation wide, automated and transparent trading platform for physical delivery of electricity, renewables & certificates ➢ Commenced operations in 2008; CERC regulated ➢ Publicly listed company – 2017 (NSE and BSE) ➢ ISO 9001:2015, ISO 27001:2013, ISO 14001:2015 ➢ DAM & RTM Market Share : 99.9% ➢ Overall Market Share incl DAM, TAM, RTM, Green Market FY22: 94.2% ➢ Electricity volume CAGR 33% since 2008 ➢ FY 23 electricity volume: 66.3 BU Robust Ecosystem 7,300+ Registered participants 4,400+ Commercial & Industries 1,500+ RE Generators & Obligated Entities 600+ Generators 33% Volume Growth CAGR since 2008 55+ Discoms (all) 99% Market Share in DAM 100+ ESCert Entities 100% Market Share in RTM Note: FY23 data till Dec’22 Leading the future of energy with innovation and technology 14 Benefitting Power Se

In this presentation

Sector in Transition Electricity Value Chain IEX: Who We Are Indian Gas Exchange (IGX) International Carbon Exchange (ICX) Way Forward 25 Indian Gas Exchange (IGX) VISION To lead India’s transition towards a gas-based economy by architecting next generation solutions for natural gas trading and access 01 03 1st natural gas trading exchange 02 Automated platform with cutting edge technology Efficient & transparent market driven price discovery mechanism 04 Indigenous price benchmark 26 IGX – Key Highlights Q3FY23 Business Updates Strategic Partners Total Volume 24.4 Million MMBtu YoY growth (%) 568% Total number of trades 914 No. of members Active clients 37 120+ Domestic Gas Ceiling Price ➢ Commenced trading on 23rd May’22 ➢ Traded Volume: 16 Million MMBtu ➢ India’s First Gas Index - GIXI 27 GIXI - IGX Gas Index Launched on 19th December 2022 GIXI represents volume weighted average price for all gas traded on any day (excluding domestic ceiling price gas) Helps the market participants

In this presentation

Sector in Transition Electricity Value Chain IEX: Who We Are Indian Gas Exchange (IGX) International Carbon Exchange (ICX) Way Forward 31 International Carbon Exchange (ICX) ➢ IEX formed a wholly owned subsidiary – ICX, in December 2022 to promote voluntary carbon market; second diversification initiative after successful launch of IGX in 2020. ➢ Will help India achieve its target of reducing the emission intensity of its GDP by 45% by 2030 to limit global warming to 1.5 degrees Celsius. ➢ Will enable participants to buy and sell voluntary carbon credits at competitive prices through its transparent & reliable Exchange platform, thereby helping large corporates meet their ESG requirements. ➢Today, large part of carbon credits are traded on a bilateral basis, exchange transactions are only 20-25 per cent. ➢Almost 500 million units of carbon credits are traded globally presently. By 2030, this is expected to be almost 1,500- 2,000 million carbon credit units – an increase of 3X/4X in tra