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…Message Box ( Arial, Font size 18 Bold)Leaders’ Online Q3 FY14 1

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Date, Venue, etc..( Arial, Font size 18 )Tata Power - Leader’s Online

Q3 FY14 Performance

…Message Box ( Arial, Font size 18 Bold)Leaders’ Online Q3 FY14 2Leaders’ Online Q3 FY14

SAFETY


SAFETY PERFORMANCE

Measures

Q3

ACTFY14

PLAN FY14

ACT FY13

Safety Training

0.66 0.25 0.72

Lost Time Injury

Frequency Rate

(LTIFR)

0.63 0 0.21

Training Man-days have exceeded the Plan

3 Fatalities in Distribution, 2 LTI in Mundra and 1 LTI in MEPL Nellore


HIGHLIGHTS


HIGHLIGHTS

Tata Power conferred with the CII ITC Sustainability Award 2013 for sustainable

development

Mr Anil Sardana, Managing Director, Tata Power, was awarded the Persona of the Year 2013–Conventional

Energy-Thermal Power at 7th Enertia Awards 2013

Tata Power exits its Stake in Arutmin Coal & retains KPC mine since Arutmin, which is a mine spread over a number of pits in South Kalimantan, Indonesia, had started posing production and cost viability challenges in its operations.


HIGHLIGHTS

Tata Power has been conferred, Silver Shield Award by the Central Electricity Authority (CEA) in two categories under its ‘Comprehensive Award Scheme’.

- Excellence in ‘Performance for Distributing Power to the city of Mumbai’ and - Performance of Thermal Power Company for Trombay Combined Cycle Power

Station


HIGHLIGHTS

Tata Power Transmission team bags the Excellence and Distinction Awards at the International Convention for Quality Control Circles 2013, Taipei

Tata Power signs an Memorandum of Understanding (MOU) with The Government of Vietnam to develop imported coal based Long Phu 2 Power Project.


Business Operations Highlights

Q2 FY 14


Generation

Total : Plan - 12676 MUs Actual - 10896 MUs

Q3 FY14 Trombay Jojobera Haldia Hydro Wind Solar Mundra Maithon IEL TPREL

Plan 2325 742 238 422 101 1.27 6313 2105 403 26 Actual 1796 685 246 387 96 1.19 5554 1745 363 22

PLF (%) Plan 67 79 96 43 12 19 69 91 76 22 Actual 51 73 100 40 12 18 61 75 69 22

Plan 96 91 99.6 94 98 99.8 73 96 90 99 Actual 99 96 100 99 99 100 71 95 84 99

Generation

Availability(%)


Generation HighlightsHydro Units have performed better than plan.

Trombay: Unit # 6 has been kept as standby due to high cost of generation and operation of the unit at low PLF in Q1. Availability and Heat Rate of other units have been favourable as compared to the target. The unit 8 tripped due to fire in TG deck on 9th Jan and has been kept out for major restoration work

Mundra : Deviation in operating performance parameters is mainly on account of forced outages - Availability for Q3 FY14 was 69% as against plan of 80% due to station outage post fire incident in Coal Handling System. Forced outage of Unit-10 for 22 days for clinker removal from the boiler and for attending tube leakage. Forced outage of Unit-20 for Generator Transformer inspection.

Jojobera and IEL: Generation for units 1 to 5 has been lower due to low offtake by the consumer. However, Availability, Auxiliary Consumption and Heat Rate have been favourable as compared to the target. Unit-2 achieved 306 days of continuous running operation post annual shut down with 100% availability

Maithon: Station operations have stabilized in the quarter. While auxiliary consumption and heat rate have been better than the plan, generation was lower on account of load forgo by the customers.


TransmissionFY14 Q3 Mumbai

TransmissionLost Time Incidents 0

Transmission Grid Availability (%)

Plan 98.63Actual 99.51

Overhead Line Faults per 100 Ckt KMsPlan 2.15Actual 2.25

Transmission grid availability has been better than plan and Norm at 99.51% (Normative: 98%) In order to reduce the overhead line faults due to human interference, special Ghar Ghar mein Janjagruti Abhiyan was conducted during Sankranti festival for spreading awareness of dangers involved in kite flying near high tension lines


DistributionFY14 Q3 Mumbai

Distribution

Lost Time Incidents 3

Average System Availability Index (ASAI)

Plan 99.95

Actual 99.99

FY14 Q3 Mumbai Distribution

Network Addition (Ckt KMs) Plan 131Actual 143Total Network (Ckt KMs)Plan 2848Actual 2889Consumer Substation Added

Plan 22Actual 14

In FY 14 Q3 we added 25,552 changeover consumers taking total number of changeover consumer base to 4,03,500 and addition of 1,561 direct consumers in Q3 made direct consumer base 52,631.

Retail sales has dropped from 1690 MUs in FY13 Q3 to 1613 MU (-4.5%) in FY14 Q3 due to reverse migration of commercial & industrial changeover consumers on account of tariff differentiation.


Sustainability

Q3 FY 14


Care for Environment

- Environment compliance for all operating divisions are being tracked through DISHA System.

Some of the other initiatives taken up our employees demonstrating our dedication towards the environment are as follows;- Employees across all divisions took up a nation-wide clean your city

drive.- Tata Power’s Club Enerji celebrated ‘Oorja Samvardhan Divas’ across

10 cities in India, to mark the commencement of National Energy Conservation Week. Throughout this week, the volunteers, educated school children on the importance of Resource Conservation.


Care for Employees

Metrics PlanActual (Q1)

Training Coverage (YTD)

55% 62%

Training Mandays per employee

1.25 1.07

TARANG Sessions

6 3TRAINING COVERAGE HAS EXCEEDED THE PLAN

Various training programs are being carried out across locations- Safety, Health & Environment- Behavioral Training or People Development- Power System management – to improve technical acumen- Project Management- Leadership Training3 Tarang Sessions delivered on Highlights of Tata Power's Sustainability Report FY 12-13, Erection sequence of modular condenser in UMPP Mundra, Modern solutions for energy efficiency.

CAPABILITY DEVELOPMENT


Care for Customers:

The company has introduced Feedback Management system at our customer relations

centres which enables our consumers to tap across their feedback in less than 10 seconds. .

18 customers have registered for ‘Walk through Energy Audits’ in Q3 of FY 14. Over

the past three years since it’s inception these energy audits have helped saved over 18

Mus.

A total of 3 Residential customer meets have so far been held in Q3 of FY 14.

Safety audits conducted for 26 large places of public congregation.

CSAT was conducted among Residential and Commercial Consumers of South Zone. A

score of 86 % was achieved.


Care for Community

- Tata Power has inaugurated Hole-in-the-Wall (HIWEL) Learning Station at St. Mathew’s High School, Malad, Mumbai in partnership with NIIT Foundation. The objective of this initiative is to inculcate computer literacy and develop the required soft skills amongst students which will further aid their learning in English, Mathematics, Science and Social Studies.

Tata Power’s Community Relations activities are grouped into 5 major areas of thrust;

1. Augmenting Rural Primary Education System - VIDYA (वि�द्या�)

2. Building and Strengthening Healthcare Facilities – AROGYA (आरो�ग्य) (for Health and Sanitation) and

Swachch Jal ( स्�च्छ जल)(for all Water related)

3. Enhancing Programmes on Livelihood and Employability – SAMRIDDHI (समृ�द्धि�) (for Livelihood) and

DAKSH (दक्ष)(for Employability)

4. Building Social Capital and Infrastructure – SANRACHNA (स�रोचना�)

5. Nurturing Sustainability for Inclusive Growth (including Rural Energy)- AKSHAY (अक्षय)

Inauguration of HiWel at at Malvani by Hon’ble MLA, Shri Aslam Shaikh.


Care for Community

Odisha Disaster Response 2013 - Five Thousand Solar Lanterns were distributed in Ganjam district Odisha, to the flood affected Panchayats and supplied 4 DG Sets (125 KV >) in different locations of the district in consultation with the District administration.

Jojobera: Night coaching classes at Dumkagora/ Tupudang : 150 students are being given tuition support & coaching under solar lights during night classes at Dumkagora. Village volunteers have also started to teach during night at Tupudang under solar light given by Tata Power.

Hydros – Maval - Drinking Water schemes have been brought to the households through three drinking water schemes- at Dahuli, Khand and Malegaon Khurd. A total of 5500 people from 918 HH will benefit from the scheme. While the total support by TPC for these 3 schemes is Rs. 13.37 lakhs, the resources mobilized from the Govt. is Rs.133.7 lakh.

Maithon: Inauguration of Samriddhi Centre to train and capacitate women from neighbourhood communities in various livelihood skills such as jute, leather and straw based products. The first training batch consists of 100 women.


Standalone Financial Performance


Tata Power Standalone at a Glance` Crs

Q3 FY14 Actual

Q3 FY14 ABP

YTD Q3 FY14 Actual

YTD Q3 FY14 ABP

3212 3829 (617) A Generation MUs 10513 11718 (1,205) A

602 580 22 A Purchases MUs 1700 1496 204 A

3547 4035 (488) A Sales MUs 11445 12162 (717) A

1740 2662 (923) A Operating Income 6337 7844 (1,508) A

1296 2223 (927) F Operating Exps 4758 6357 (1,599) F

444 440 4 F Op. Profit before Adjustments 1579 1488 91 F

268 21 247 F Adj. re: MYT Order / ATE Order / Others 478 64 414 F

712 461 251 F Op. Profit after Adjustments 2057 1551 506 F

(9) 226 (235) A Other Income 217 737 (521) A

702 686 16 F EBIDTA 2274 2289 (15) A

340 319 21 F PBT 1236 1185 51 F

251 233 18 F PAT 870 867 3 F

Var over ABP

Var over ABP


Standalone Generation at a GlanceMU's

Q3 FY14Actual

Q3 FY14 ABP

% Var over ABP

YTD Q3 FY14Actual

YTD Q3 FY14ABP

% Var over ABP

1796 2325 -23% Trombay 5739 6919 -17%

387 422 -8% Hydro 1248 1122 11%

2183 2747 -21% Mumbai Operations 6987 8041 -13%

685 742 -8% Jojobera 2180 2292 -5%

96 101 -5% Wind 639 685 -7%

1 1 -7% Solar 3 3 -13%

246 238 3% Haldia 703 697 1%

1028 1082 -5% Outside MO 3526 3677 -4%

3212 3829 -16% Total 10513 11718 -10%


SBUwise Operating Profit` Crs

Q3 FY14Actual

Q3 FY14ABP

YTD Q3 FY14Actual

YTD Q3 FY14ABP

214 228 -6% Generation 733 711 3%

107 95 12% Transmission 318 287 11%

76 70 7% Distribution 220 209 5%

266 19 1264% MYT / ATE Order / Others 473 58 710%

662 413 60% Mumbai Operations 1744 1265 38%

57 48 18% Jojobera 184 162 13%

4 (1) -687% Belgaum (1) (3) -76%

35 29 21% Wind Farms 227 233 -3%

(0) (2) -77% Lodhivali (1) (5) -75%

24 32 -26% Haldia 69 90 -23%

2 2 -3% Solar 5 5 -9%

122 109 11% Outside Mumbai Operations 482 483 0%

6 6 -5% SED 20 21 -2%

7 7 7% Services 24 14 73%

13 13 2% Other Business 44 35 27%

(85) (75) 14% Corporate (213) (231) -8%

(50) (55) -10% Head Office (137) (174) -21%

(35) (19) 82% BD/Rep. Ofices/ Others (76) (58) 32%

712 461 55% Total 2057 1551 33%

% Var over ABP

% Var over ABP


Q3 FY14 TPCL Standalone Variance Waterfall


413

- 11 5

246 14 - -

-

662

-

100

200

300

400

500

600

700

ABP Q3 FY 14

Generation Transmission Distribution Others Actual Q3 FY 14

Q3 FY14 Mumbai Operations Operating Profit` Crs

Lower Interest on Working capital entitlement re: shutdown of U#6 and lower gen in U#7 due to lower availability of gas

Higher Captz in FY 13 than plan and under-spent in O&M Expenses

Higher Captz than plan

Favourable ATE Order on applicability of MYT regulation 2011 for FY 12 and higher carrying cost on regulatory assets


109

8 5 6 - - 1 - -

-8 0 -

122

-

20

40

60

80

100

120

140

ABP Q3 FY 14

Jojobera Belguam Wind Haldia Solar Lodivali Actual Q3 FY 14

Q3 FY14 Outside MO Operating Profit

` CrsReversal of provision for

doubtful debts

Normative gain on LDO consumption, higher incentives

and under spent in O&M Expenses

Under-spent in O&M Expense

Lower contribution re: lower avg rate realization ( Actual

2.46per unit Vs ABP 2.99per unit)


Capex Performance YTD Q3 FY14

` CrsCapex

Capitalization

285

100 198

35 75 65 141

898

280

150 174

32 58 34 19

747

0 100 200 300 400 500 600 700 800 900

1,000

Mumbai Gen. Mumbai Trans.

Mumbai Dist. Outside MO Other Business

Corporate Land Tata Power

ABP Actual

231

92 118

21 33 29 32

557

229 201

108

25 19 7 3

592

0

100

200

300

400

500

600

700

Mumbai Gen. Mumbai Trans.

Mumbai Dist. Outside MO Other Business

Corporate Land Tata Power

ABP Actual


Consolidated Financial Performance


Tata Power Consolidated at a Glance` Crs

Q3 FY14 Actual

Q3 FY13Actual

% Var over PY

YTD DEC FY14

YTD DEC FY13

% Var over PY

Operating Income 8700 9039 -4% 26804 23993 12%

Operating Exps 6914 7183 -4% 20919 19212 9%

Operating Profit 1786 1856 -4% 5,885 4781 23%

Other Income (94) 11 -954% (615) 142 -533%

EBIDTA 1692 1867 -9% 5270 4923 7%

Finance Cost 875 742 18% 2581 1915 35%

Depreciation 666 587 13% 2005 1635 23%

PBT before Impairment 152 538 -72% 683 1372 -50%

Provision for Impairment 0 600 -100% 0 850 -100%

PBT 152 (62) -345% 683 522 31%

Tax 166 230 -28% 626 679 -8%

PAT before MI & Share of Associates (14) (292) 95% 58 (156) -137%

Share of loss of associates for the year 9 12 -23% 26 19 37%

Minority interest 71 49 43% 198 129 53%

PAT (75) (329) 77% (115) (267) -57%

PAT for the current quarter has been impacted by exceptional expenditures accounted in Arutmin Coal mines. PY includes provision for impairment for Mundra UMPP


Breakup of PAT after Minority Interest ` Crs

Q3 FY14Actual

Q3 FY13Actual

Holding YTD DEC FY14Actual

YTD DEC FY13Actual

251 216 Tata Power - Standalone 870 825

(418) (566) CGPL & Coal Group (696) (810)

(63) 226 Indonesian Coal & Infrastructure 30% 213 518

(60) (12) Coal SPVs 100% 155 33

(318) (829) CGPL 100% (1,164) (1,455)

(318) (229) Operation (1,164) (605)

- (600) Financial Impairment - (850)

5 6 Energy Eastern 100% 18 13

17 43 Trust Energy 100% 82 81

94 44 Indian Subsidiaries 259 115

44 39 TPDDL 51% 123 98

28 (11) Maithon 74% 62 (55)

(18) (17) Tata Solar 100% (56) (39)

7 7 TPTCL 100% 30 18

16 14 IEL 74% 50 45

14 13 Powerlinks 51% 42 41

2 (1) Others 8 7

(14) (32) JVs (46) (57)

(5) (29) Cennergi 50% (33) (46)

1 (3) OTP Geothermal 50% (3) (11)

(10) - Georgia 40% (10) -

(0) 0 Others (0) (0)

9 12 Associates 25 19

11 12 Tata Projects Ltd. 48% 20 19

(2) - Panatone Finvest Ltd 40% 5 -

(0) - Others 0 -

3 (3) Eliminations (Net) (527) (358)

(75) (329) Total (115) (267)


Growth and Business Development

Q2 FY 14


Projects Under Construction: Kalinganagar, Odhisha (CPP1- 3 x 67.5 MW)

– Boilers: Hydro test for Unit-1 boiler has been completed. Erection of all pressure parts for Unit-2 boiler has also been completed and the same is in progress for Unit-3 boiler.

– Station Building: Erection of Unit-1 turbine and generator has been completed. Erection of Unit-1 condenser is in progress. DCS was powered on for Unit-1.

– Transformer Yard: Erection of GT and UAT has been completed for Units-1&2. – GIS Building: Erection of GIS bays and accessories has been completed.– Chimney: Wind-shield concreting has been completed for Chimney-2. – CW Pump House: Casting of motor floor has been completed.– About 1,400 contract workers are working at site. 6.38 million man-hours of safe working

recorded as on Q3 FY14.

31

Unit-3 Boiler erection is in progress Unit-1 Turbine and Generator erection done


Projects Under ConstructionDagachhu Hydro (2X63 MW)– HCC (civil works contractor) has completed tunnel excavation and tunnel lining is in progress. Slope

stabilization and the concreting works for the headrace channel are in progress. Fish ladder is being constructed.

– All electro-mechanical and hydro-mechanical equipment have been delivered at site. 75% erection of turbines has been completed and overall 65% electro-mechanical erection has been completed.

– The project is being pursued to be commissioned around May 2014, before monsoon.

32

Concreting of last stretch of Head Race Channel

Lowering and fixing of brackets for Generator in Power House


Projects Under Construction

33

Wind - Visapur wind project (32 MW)• Land acquisition is in progress. Till date, land for 12 WTG locations (out of 16) has been acquired.

Palaswadi Solar Project, Maharashtra (28.8 MW)

• Acquisition of entire land of 130 acres required for the project has been completed.

• Orders for all the packages have been placed

• Project team & vendors have been mobilized at site & work is in progress. Efforts are being made to

complete the project within time frames despite site issues.

Part view of erected 23 MW of Solar field Plant boundary- fencing with solar lights- is in progress


Domestic Projects being pursued Tiruldih, Jharkhand (3*660 MW) – The land acquisition is in progress and cumulatively around 453 acres of land has been registered in

the name of the company (22 acres of land in Q3 FY14). – The hydrography survey has been completed and geotechnical investigations are in progress for

water intake pump house location. The Topography surveys for Main Plant and approach road have been awarded and field activities are in progress. Tenders have been floated for feasibility survey of Railway Route.

Dugar Hydro, Himachal Pradesh– The geo-technical investigations required for submission of Detailed Project Report (DPR) have been

completed as on December 31, 2013. Further investigations as per CEA instructions, if any and for bid engineering to continue at site.

– Report on hydrological studies has been approved by Central Electricity Authority (CEA)/ Central Water Commission (CWC).

Dehrand:

Land acquisition: – Private Land: Total private land of 968 acres has been acquired by GoM & has been transferred to

MIDC through issuance of Gazette notification u/s 32(7) of Maharashtra Industrial Development (MID) Act. District Authorities have handed over paper possession of entire land to MIDC.

– Government Land (73 acres): Proposal is now with Urban Development Dept. for clearance. The process of transfer of land expected to be completed in Q4 FY14.

34


Business Development – Domestic : Thermal & Hydro

States of Interest

Gujarat

Thermal (Mundra exp) 1600

Maharashtra

Pumped storage 1320

Thermal (Dehrand) 1600

Himachal Pradesh

Hydro (M&A) 420

Hydro (M&A) 260

Dugar 380

Uttarakhand

Hydro (M&A) 99

Orissa

UMPP 4000

Thermal (TSL) 160

Mandakini coal 1320

Jharkhand

Thermal (Maithon) 1320

Thermal (TSL) 60 + 30

Tubed &Ganeshpur coal 1980

Existing conventional presence

Existing renewable presence

Thermal 10720 MW

Hydro 2100 MW

Tamil Nadu

UMPP 4000


Targe

t

Operational

Under build

Vision Gap

TSL C

aptive

plants

Brownfield

Projec

ts

Greenfield

Projec

ts

Balance

Capaci

ty

Active

Pipeline

0

2000

4000

6000

8000

10000

12000

14000

16000

18000

20000

Business Development – India (Conventional)

Capacity with clear line of sight

Capacity with resource secured *

Hydros (2500 MW)GreenfieldPumped storage, MH – 1320 MW

BidUnder-build HP – 380 MW

M&A Under-build UK, HP – 800 MW

Thermal (~ 11000 MW)GreenfieldDherand , MH – 1600 MW

Bids Orissa UMPP – 4000 MW Tamil Nadu UMPP – 4000 MW Jharkhand Case 2 – 1320 MW

M&A There are stranded assets in the market not considered in the pipeline

18000

8094 203

9703

730

2920

3300

2753 11320

TSL Captive projects (730 MW)Mundra Expansion (1600 MW)Maithon Expansion (1320 MW)

Mandakini EUP (1320 MW)Tubed + Ganeshpur EUP (1920 MW)

* - Resources Secured include land, fuel or PPA


States of Interest

Gujarat

Solar (land 86 acres) 20

Wind (Greenfield) 40

Wind (Turnkey) 130

DDG (M&A) 15 + 15

Solar (M&A) 80

Wind (M&A) 40

Maharashtra

Solar (Greenfield) 30

Wind (turnkey) 200


DDG 24

Wind (M&A) 94

Rajasthan

Solar (land 213 acres) 50

Solar (M&A) 25

Wind (M&A) 60

Wind (Turnkey) 79

Tamil Nadu

Wind (M&A) 74

Orissa

DDG (Naraj-biomass) 10

Business Development: India Business & Renewables

Karnataka


Wind (M&A) 63

Wind 950 MW

Solar 200 MW

DDG 70 MW

Delhi

TPDDL Bids (Solar) 20

TPDDL Bids (Wind) 50

JNNSM 750 *

* Assumed a bid of 50 MW


Opportunities in pipeline

Opportunities being pursued

Interested geographies

USAJV + Coal-

offtake

South AfricaJV + Coal off-take

Business Development – Resources

ColumbiaJV + Coal off-take

Mozambique

RussiaJV + Coal off-take

AustraliaCoal off-take + Acquisition


Indonesia Thermal &

Hydro Plants

Vietnam 1320 MW Thermal

Project

UKProcess Gas Based

Cogen Plants

Turkey Hydro & Thermal

Plants / Distribution

Zambia Hydro Project

Opportunities in pipeline

Opportunities being pursued

Projects under implementation

Nigeria Distribution &

Generation Privatization

Myanmar 1200 MW Thermal

Project

Southern Africa Power Projects

Business Development - International

Vietnam Thermal & Hydro

Plants

Georgia Hydro Project

South Africa Wind Projects


Business Development - International

Target

Under Build

Advanced Stage of D

iscussi

on

Vision G

ap

Current P

ipeline

0100020003000400050006000700080009000

234 MW Wind Projects in South Africa and 335 MW Hydro Projects in Georgia

Thermal Projects in Vietnam, Myanmar and Hydro Project in Zambia

4000

569

2640791

8600

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