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

42%

ft Digitisation Intelligent Apps to Optimize Plants and Grid Shifting Energy Mix % Renewable 42% 50% 33% FY 2010 FY 2023 FY 2030 FY 2010 FY 2023 FY 2030 ➢ 178.6 GW installed renewable cap

50%

igitisation Intelligent Apps to Optimize Plants and Grid Shifting Energy Mix % Renewable 42% 50% 33% FY 2010 FY 2023 FY 2030 FY 2010 FY 2023 FY 2030 ➢ 178.6 GW installed renewable capacity

33%

sation Intelligent Apps to Optimize Plants and Grid Shifting Energy Mix % Renewable 42% 50% 33% FY 2010 FY 2023 FY 2030 FY 2010 FY 2023 FY 2030 ➢ 178.6 GW installed renewable capacity (in

178.6 GW

ng Energy Mix % Renewable 42% 50% 33% FY 2010 FY 2023 FY 2030 FY 2010 FY 2023 FY 2030 ➢ 178.6 GW installed renewable capacity (including large hydro) Apr-Sep FY’24 ➢ India aspires to achieve 500

500 GW

GW installed renewable capacity (including large hydro) Apr-Sep FY’24 ➢ India aspires to achieve 500 GW of renewable capacity by 2030 3 In this presentation: Sector in Transition Electricity Value

27 GW

425 239 56.2 178.6 42.0 817 267 32.7 506 61.9 Upcoming Coal Cap GW (in next 3 Yrs) 27 GW - ➢ Inter-reg. trans. Cap.: 112.3 GW ➢ 4.72 Lakh CKM of trans. Lines (FY’25) ➢ Green Corridor:

112.3 GW

267 32.7 506 61.9 Upcoming Coal Cap GW (in next 3 Yrs) 27 GW - ➢ Inter-reg. trans. Cap.: 112.3 GW ➢ 4.72 Lakh CKM of trans. Lines (FY’25) ➢ Green Corridor: RE rich states; projects for evacuati

4.72 Lakh

506 61.9 Upcoming Coal Cap GW (in next 3 Yrs) 27 GW - ➢ Inter-reg. trans. Cap.: 112.3 GW ➢ 4.72 Lakh CKM of trans. Lines (FY’25) ➢ Green Corridor: RE rich states; projects for evacuation of RE into

99.9%

s (FY’25) ➢ Green Corridor: RE rich states; projects for evacuation of RE into National grid ➢ 99.9% times no congestion ➢ Avg. AT & C Losses: FY’21 – 22.3%; FY’22 – 16.4%; Expected to have decline

22.3%

or evacuation of RE into National grid ➢ 99.9% times no congestion ➢ Avg. AT & C Losses: FY’21 – 22.3%; FY’22 – 16.4%; Expected to have declined to 13.5% for FY’23 ➢ Reduction in Outstanding dues &

16.4%

RE into National grid ➢ 99.9% times no congestion ➢ Avg. AT & C Losses: FY’21 – 22.3%; FY’22 – 16.4%; Expected to have declined to 13.5% for FY’23 ➢ Reduction in Outstanding dues & ensuring future

“of members Active clients 43 200+ Domestic Gas Ceiling Price ➢ Commenced trading on 23rd May’22 ➢ Traded Volume: FY’23 - 50.9 Million MMBtu; Q2 FY’24 - 16.9 Million MMBtu ➢ India’s First Gas Index - GIXI 28 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) GIXI represents prices for all hubs; for regional hubs will be named as GIXI West etc.”

“➢ 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.”

“➢ We expect to see lot of traction in this segment.”

“India remains on track to attain its target of achieving 50% of energy consumption from non- fossil fuel sources by 2030.”

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 42% 50% 33% FY 2010 FY 2023 FY 2030 FY 2010 FY 2023 FY 2030 ➢ 178.6 GW installed renewable capacity (including large hydro) Apr-Sep FY’24 ➢ India aspires to achieve 500 GW of renewable capacity by 2030 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 Energy Transition World’s Largest Network Reforms Underway Installed Capacity Total GW Coal Cap GW Coal (%) RE & Hydro GW RE & Hydro % As on 30th Sep’23 FY 2030 CEA Proj. 425 239 56.2 178.6 42.0 817 267 32.7 506 61.9 Upcoming Coal Cap GW (in next 3 Yrs) 27 GW - ➢ Inter-reg. trans. Cap.: 112.3 GW ➢ 4.72 Lakh CKM of trans. Lines (FY’25) ➢ Green Corridor: RE rich states; projects for evacuation of RE into National grid ➢ 99.9% times no congestion ➢ Avg. AT & C Losses: FY’21 – 22.3%; FY’22 – 16.4%; Expected to have declined to 13.5% for FY’23 ➢ Reduction in Outstanding dues & ensuring future payments ➢ Liquidity Infusion Schemes ➢ Choice to Consumers ➢ Electrification as Decarbonization Lever: EV, Cooking, Traction 5 50% Non-fossil fuel based Capacity by 2030 One Nation One Grid On

Exchanges

Real Time (1hour) – 90 days 4% 7% DSM 2% Bilateral & Banking Transactions Day Ahead Market, Real Time, Intraday, Contingency, Term Ahead up to 90 days, GTAM, GDAM, High-Price DAM, and Certificates Deviation Settlement/ Unscheduled Interchange Up to 25 years 87% Long-term PPA Source: CERC MMR Report till March’23 7 7 Exchange Markets are growing fast Exchanges (BU) Bilateral (BU) CAGR: 14% CAGR: 2.5% DSM (BU) CAGR: 1.3% 101 103 80 56 67 58 60 65 44 48 54 56 25 24 23 23 26 25 FY18 FY19 FY20 FY21 FY22 FY23 FY18 FY19 FY20 FY21 FY22 FY23 FY18 FY19 FY20 FY21 FY22 FY23 Source: CERC, MMR Reports till Mar 23 Driven by competition and flexible procurement, the Exchange markets constitute >50% of ST power market. 8 Immense Potential to Deepen India’s Power Market 91% 49% 47% 39% 34% 23% 15% 7% Nordpool Germany UK Netherlands Switzerland Belgium France India Note: Data for India till Mar’23 Source: CRISIL Study Markets are in the range of 30-80% in developed economies. At 7%, India has an opportun

In this presentation

Sector in Transition Electricity Value Chain IEX: Who We Are Indian Gas Exchange (IGX) International Carbon Exchange (ICX) Way Forward 12 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 ➢Electricity Volume CAGR ~ 30% since 2008 ➢FY23 Electricity Volume: 96.8 BU Robust Ecosystem 7,500+ Registered participants 4,600+ Commercial & Industries 1,800+ RE Generators & Obligated Entities 600+ Generators 60+ Discoms (all) 100+ ESCert Entities 30% Volume Growth CAGR since 2008 Leading the future of energy with innovation and technology 13 15 Years of Servicing India’s Electricity Market-Place 14 Benefitting Power Sector….and the Nation ➢ Provides benchmark prices for All Electricity Transactions ➢ Transparent Mechanism for Price Discovery

In this presentation

Sector in Transition Electricity Value Chain IEX: Who We Are Indian Gas Exchange (IGX) International Carbon Exchange (ICX) Way Forward 26 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 27 IGX – Key Highlights Q2 FY24 Business Updates Strategic Partners Total Volume 19.5 Million MMBtu YoY (%) 262% Total number of trades 223 No. of members Active clients 43 200+ Domestic Gas Ceiling Price ➢ Commenced trading on 23rd May’22 ➢ Traded Volume: FY’23 - 50.9 Million MMBtu; Q2 FY’24 - 16.9 Million MMBtu ➢ India’s First Gas Index - GIXI 28 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

In this presentation

Sector in Transition Electricity Value Chain IEX: Who We Are Indian Gas Exchange (IGX) International Carbon Exchange (ICX) Way Forward 32 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 transactions are only 20-25 per cent. ➢Almost 500 million units of carbon credits are traded globally presently. By 2credits are traded on a bilateral basis, exchange 030, this is expected to be almost 1,500-2,000 million carbon credit units – an increase of 3X/4X in trad