A STEP TOWARDS A GREENER FUTURE | VEMC SOLAR SOLUTIONS

1. VIJAY ENGINEERING AND MACHINERY CO. VEMC SOLAR SOLUTIONS A STEP TOWARDS A GREENER FUTURE Head Office: Address: Shariff House, 74, Shahid Bhagat Singh Road, Fort, Mumbai – 400023. Tel : +91-22- 4311 7171 Fax: 4311 7126 Finance/ Marketing: Address: 9, Bombay Mutual Annexe Building, Cawasji Patel Street, Fort, Mumbai -400001. Tel : +91-22- 4343 6655 Branch Office: Address: Great Eastern Chambers, 501/A, 5th floor, Plot No.28, Sector – 11, CBD- Belapur, Navi Mumbai – 400614. Tel : +91-22- 4111 1300 Government & Spares: Address: 186-Bora Bazar Street, Fort, Mumbai-400 001. Tel : +91-22-49255602 skylineadvt.com Visit us at www.vemc.co.in | Post your enquiries at marketing@vemc.co.in For Service related Enquiries email us on service@vemc.co.in

2. VEMC SOLAR PV PROJECTS - PHILOSOPHY ABOUT US Vijay Engineering and Machinery Company (VEMC), ISO 9001:2015 certified company, pioneer in the field of electromechanical engineering products, allied equipment’s, and services. VEMC is a 69 year young organization with ISO 9001:2015 certification & CRISIL MSE-1 rated. VEMC works to provide end to end EPC service to valued clients. Consistency and strategic expansion has enabled our Company to become an industry vanguard of excellence in product quality, service and leadership. Being a mechanical and electrical Capital good supplier and a solution provider of multiple MNC brands for more than 60 years has helped us to have a progressive outlook and establish strong foundations which has helped us to be placed amongst the best players in the field. VEMC brings decades of experience working with various industries in Oil, Pharmaceuticals, Building & Construction, Water Supply & now solar solutions. When approached with any projects, the company undertakes a 6 step process to ensure flawless execution. After an initial site survey, feasibility study, procurement of required equipment and installation, the company also undertakes commissioning of projects to ensure that the set up operates efficiently. We are empanelled channel partners with Ministry of New and Renewable Energy, Government of India for Solar PV Roof top – Small Power plant System integrators & installation partners. Depending on requirement and feasibility, VEMC offers Off grid, On grid & Hybrid solar systems solutions as well. SITE IDENTIFICATION 1 VEMC offers end to end solutions including choosing the right kind of set up, like rooftops, ground mounted solutions and solar tracking to choosing the right kind of financial model like the Capex or Opex models. PRE-FEASIBILITY STUDY 2 FEASIBILITY STUDY Why Solar Photovoltaic technology? 3 DETAILED DESIGN 4 Solar energy is energy supplied by nature – it is thus free and abundant! Using PV technology, the Solar PV modules provide clean and green energy. Electricity generation with Solar PV modules, does not produce harmful greenhouse gas emissions thus Solar PV is environmental friendly. SUPPLY AND CONSTRUCTION 5 COMMISSIONING 6

3. VEMC Solar Solutions Hybrid System This is a combination of both the on-grid and off-grid system, it is a grid connected solar photovoltaic system with a provision for battery backup to store energy. This is useful for electricity consumers having very high tariff rate, like commercial parks and malls. Grid-tied system This system is synchronized with the utility supply mains at the distribution box. It uses an inverter which has special provisions to match the grid supply using sensors and reduce the total power consumption from grid. utility grid meter Utility Grid Utility Meter Solar Panels inverter Solar Panels charge controller house Inverter Home Battery Bank Optimized grid tied system Off-Grid system This is one of a kind solar system focusing mainly on the module optimization by using individual module optimizers and special solar inverters. It is based on global ground breaking technology for improving solar plant performance. This system is independent of the power grid. It has a battery bank to store excess electrical energy generated during day time and utilize this energy during night time when solar energy is not available. This is useful for locations situated far from electricity grid lines like remote tribal villages, Defense posts, forest checkpoints etc. Solar Panels Optional generator Charge controller Inverter House Power Optimizer Inverter Monitoring Portal Battery bank

4. VEMC Solar Financial Solutions Net Metering CAPEX Model Net Metering In this finance model, the client or any entity approaches VEMC for installation of a Solar PV system in the premises of the client. Once the plant is commissioned, its ownership transfers to the client and the VEMC’s scope ends. Net metering is a billing mechanism that credits solar energy system owners for the electricity they add to the grid. It allows Utility power consumers who generate some or all of their own electricity to use at anytime, instead of when it is generated allowing the consumers to give extra solar power in to the grid when their demands for power are met and recover the grid injected energy whenever their generation from solar system is low. This system enables the consumer to achieve substantial reduction in the electricity bill (The bill could be as low as zero in some cases). The advantages of this model include: 1. The client has complete ownership over the plant and its operation. 2. Client can reduce his electricity bills by sizable margins depending on the capacity of Solar PV plant. 3. Client can avail CFA (Central Finance assistance) Subsidies and tax benefits from Government bodies. 4. Client can complete his CSR and Renewable energy use and purchase obligations. 5. Client becomes partially immune to increasing Utility electricity prices. Carbon footprint reduction & tax saving Sign a long term O & M Contract (optional) Solar production VEMC undertakes the EPC activity In CAPEX model Client will own the system Client pays for the EPC Cost Energy needs B OPEX Model A Excess energy In this financial model, the complete project cost is financed by the investor and executed by VEMC and the power generated is sold to client. The Client enters into a long-term contract (typically referred to as the PPA) to purchase 100% of the Electricity generated by the system. The advantages of this model include: 1 Clients consumes Electricity at a discounted price 2 No investment from Client side. 3 VEMC will manage the permits, construction, maintenance and operations of the system. 4 Client can meet his Corporate Social Responsibility (CSR) at no additional cost. Utility grid ELECTRIC BILL VEMC will Operate and Maintain the Plant for 25 years and its ownership will be with the Investor - B A = As low As $0 plus connection fees Project Finance Installation 25 years of operations and management

5. Components Inverters Solar Power inverter is the heart of any Solar Power plant. Solar power inverters have special functions adapted for use with photovoltaic arrays other than DC to AC power conversion, like maximum power point tracking, System monitoring and anti-islanding protection. PV Modules VEMC provides below Solar inverters types: VEMC offers Monocrystalline PV modules & Polycrystalline PV modules. Stand-alone inverters Stand alone inverters are used in isolated systems where the inverter draws its DC energy from batteries charged by photovoltaic arrays. Monocrystalline PV modules Monocrystalline solar panels use single-crystal silicon. Because the cell is composed of a single crystal, the electrons that generate a flow of electricity have more room to move. As a result, monocrystalline panels are more efficient than their polycrystalline counterparts. Grid-tie inverters Grid tie inverters are designed to operate in Synchronism with the Utility grid. They are designed to shut down automatically upon loss of utility supply, for safety reasons. Solar grid tie inverters are used for net metering purposes. Polycrystalline PV modules Polycrystalline solar panels are also made from silicon. However, instead of using a single crystal of silicon, manufacturers melt many fragments of silicon together to form the wafers for the panel.. Because there are many crystals in each cell, there is to less freedom for the electrons to move. As a result, polycrystalline solar panels have lower efficiency ratings than monocrystalline panels. Hybrid inverters Hybrid inverters are designed to draw energy from a battery, manage the battery charge via an onboard charger, and export excess energy to the utility grid. This is a combination of both standalone and Grid-tie inverters and can be used for net metering purposes. The inverter comparison is given as follows, On an average the Polycrystalline Modules give slightly better ROI when compared to Monocrystalline PV modules due to their comparatively lower costs and similar electricity generation. Inverter/ Converter Power Efficiency Remarks POLY - CRYSTALLINE MONO - CRYSTALLINE • Higher reliability • Easy to replace String Inverters up to 100 kWp up to 98% Lower price • production method: molten silicon is poured into a cast Higher price • production method: molten silicon is poured into a cast PRICE • - 6 cents /Wp • Marginal lower cost • Often sold only together with service contract Central Inverters More than 100 kWp up to 98.5% Lower efficiency • Average cell efficiency: 18% Higher efficiency • Average cell efficiency: 19% EFFICIENCY • - 33 cents /Wp • Ease-of-replacement concerns • Marginally Higher energy outputs Micro-Inverters Module Power Range 90%-95% Good • Blue cells absorb less heat • Efficiency Is not reduced as much at high temperatures Reduced efficiency • Dark cells absorb heat • Causes efficiency reduction at warmer temperatures PERFORMANCE AT HIGH TEMPERATURES • Ease-of-replacement concerns • Output is DC with optimized current • Still a DC / AC inverter is needed • 2 GWp installed in 2016 DC/DC Converters (Power Optimizer) Module Power Range up to 98.8% Non uniform • The blue shade of the cells doesn't allow an all- black system All black • Both cells and frame can be black. Allows a uniform look of the solar System APPEARANCE Cables Most cases • Lower price allows a faster return on investment • Panel's peak efficiency is usually not the primary consideration for solar system owners Limited space • In cases of limited space peak efficiency can be Important BEST SUITABLE FOR Solar cable is the interconnection cable used in photovoltaic power generation. Solar cables are designed to be UV resistant and weather resistant. They can be used within a large temperature range and are generally laid outside.

6. Module mounting system Solar LED lightings Solar mounting structures are the backbone of any Solar PV plant installation. They provide the necessary support to the Solar Modules against environmental attacks like rains, cyclones and dust storms. Mounting can be done on a variety of surfaces like RCC roofs, Galvenium sheets, Asbestos sheets and ground. These are compact capsular system with LED bulb, solar module, battery and charge controller packed inside a single unit. Application: Courtyards, Garden, Park, Street, Roadway, Pathway, Parking lot, Private road, Public square, Sidewalks, Plaza, Campus, Airfield, Wildlife area, Military base Solar Generators Monitoring system The solar PV systems provided by VEMC have an integral Monitoring System. The system enables diagnostic and monitoring of all components. The monitoring can be done remotely on Smartphone’s or any other computer systems. Mobile Solar Generators are compact Solar PV generators which are suitable for backup requirement of residential and small commercial consumption. It enables instant power supply with easy installation. Collapsible structure assembly and portable design makes it easy to transport and install at any given location within a short period of time. Benefit • • • • • • Application Free Power Generation Environment Friendly 24x7 Reliable Power Plug & Play Convenience Option of Fixed & Mobile System Modular & Scalable Ethernet Serial UC-7110 Web Monitoring Server Solar Pannels • • • • • Farm Houses, Bungalows Small Commercial Establishments Remote or Construction Work-sites Emergency back-up Power for: Hospitals, Schools, Nursing homes & Hotels etc. Off Grid Power with Battery bank User WAN Meters Router Control Box Rs.485