TOTAL ENERGY FOR THE FUTURE

1. EEL EASTERN ENERGY LIMITEDJHARKHAND STATE ELECTRICITY BOARDReplacement, Optimization. Repowering & Modernization of Existing Old Russian Units at Patratu Thermal Power Station at Patratu, Jharkhand State TOTAL ENERGY FOR THE FUTURE

2. EASTERN ENERGY LIMITEDA FULL SERVICE ENERGY COMPANY WHICH SPECIALIZES IN ELECTRIC POWER GENERATION REPLACEMENT, OPTIMIZATION, REPOWERING REFURBISHMENT & MODERNIZATION OPERATION & MAINTENANCE&ENERGY CONSERVATION

3. EASTERN ENERGY LIMITED'SPROFESSIONAL STAFF PROVIDES EXPERIENCE AND EXPERTISE IN DEVELOPMENT, DESIGN, APPLICATION, IMPLEMENTATION,MANAGEMENT, OPERATION AND MAINTENANCE OF THERMAL POWER STATIONS, ENERGY SYSTEMS AND ENERGY RELATED TECHNOLOGIES

4. QUALIFICATIONS OF ENGINEERING STAFF • CERTIFIED COGENERATION PROFESSIONAL • PROFESSIONAL ENERGY MANAGER • PROFESSIONAL ENGINEER • + 75 YEARS EXPERIENCE IN COGENERATION AND ENERGY FIELD • + 100 YEARS SENIOR MANAGEMENT EXPERIENCE IN THE ENGINEERING FIELD • +50 YEARS EXPERIENCE IN REPLACEMTN. OPTIMIZATION, REPOWERING, REFURBISHMENT & MODERNIZATION (R&M) OF THERMAL POWER STATIONS (TPS) • RECOGNIZED EXPERTS IN REFRIGERATION, STEAM, COGENERATION , RETROFIT & REPOWERING AND ENERGY CONSERVATION AREAS

5. Experience & Background of EEL’s Engineering team Specializingin Replacement, Refurbishment & Optimization, Repowering, Modernization & Management ofThermal Power Stations

6. EXPERTISE OF EEL’s TEAM MEMBERS • Power Station Construction • Power Station Optimization • Power Station Operation & Maintenance • Power Station Management • Condition Assessment • Life Extension Assessment • Rehabilitation Assessment • Steam & Gas Turbine technology • All types of Boiler systems • Fuel Handling Systems • Controls • Emissions Control

7. One of the key elements for EEL’s success in R&M is that EEL isNOT TIED TO ONLY “ONE” type of Technology. EEL will chose the best technology available based on economics, efficiency, practicality and value engineering. • Many companies have an interest to only sell their equipment. An example : A Boiler manufacturers want to sell their boilers & Turbine manufacturers want to sell their turbines etc. • EEL will provide the “BEST SELECTION” for the existing conditions. • On this basis, EEL will conduct “TOTAL R&M PROGRAM” for Jharkhand State Electricity Board (JSEB) by Replacement of existing old Russian Boilers and Optimizing, Repowering & Modernizing Patratu Thermal Power Station (PTPS). EEL and Alliance partners: Ford, Bacon & Davis (FBD), Alstom Power and General Electric (GE) with JSEB will perfom Feasibility Study, Specifications and Detailed project Report. EEL has already completed the two Pre-Feasibility Studies and is in progress of initiating the Feasibility Study and DPR immediately upon entering Joint Development Agreement (JDA) with JSEB.

8. PETER J. BILLIAPROJECT DIRECTOR30 YEARS EXPERIENCE IN THE AREAS OF : • DEVELOPMENT AND IMPLEMENTATION OF CORPORATE ENERGY POLICY • MANAGEMENT OF DIVISIONAL MECHANICAL AND ELECTRICAL ENGINEERING DEPARTMENTS. • DESIGN AND INSTALLATION OF COGENERATION FACILITIES . • NEW AND RETROFIT REFRIGERATION OPTIMIZATION . • R& M OF THERMAL POWER STATIONS • CFC REFRIGERANT REPLACEMENT . • BOILER OPTIMIZATION • INDUSTRIAL ENERGY RECOVERY FOR BOILERS, REFRIGERATION, COMPRESSORS, OVEN ,HVAC, & PROCESS • EXPERIENCE -DAIRY,BAKERY,LEATHER, CANDY ,FOOD AND POWER INDUSTRIES. • GENERATION OF STEAM AND ELECTRICITY FROM BIO-MASS AND WASTE MATERIAL ( RDF ).

9. JONATHAN P. SIMPSONTURBINE SPECIALIST • Mr.Simpson has over 36 years of experience in engineering, with particular expertise in the design and operation of turbine generators and their auxiliaries.Mr. Simpson provides expert consulting to projects on steam turbines, combustion turbines, generators, and auxiliaries. Mr. Simpson has been involved in all phases of the design, engineering, application, installation, repair, and maintenance of central station, cogeneration, and industrial turbine generators. Responsibilities have included conceptual design, equipment selection, preparation of specifications, proposal evaluations, system design, client and vendor liaison, performance testing review, refurbishment, vendor design review, and failure analysis.

10. PETER F. BARTHELO&M / CONDITION ASSESSMENT SPECIALIST • Mr. Barthel has 40 years of experience in the engineering industry. Currently, he is Project Engineer for an on going 4 boiler life extension project in Brazil. His recent experience has been Project Engineering Manager for the storage tank related portion of a grassroots petrochemical plant, Project Engineer for an 18-unit emission reduction program for the Puerto Rico Electric Power Authority, a two unit life extension program, and a four boiler low NOX burner replacement at a New Hampshire paper mill. He was a member of an assessment team assigned to two Canadian utilities to assess the current operation, maintenance, and capital expenditure plans for 18 coal fired units, Lead Engineer for a 2 unit life extension program and for a 2 unit NOx abatement program.

11. RICHARD DUNNLIFE EXTENSION / CONDITION ASSESSMENT SPECIALIST • Mr. Dunn has 40 years experience in the power industry, 23 years with a utility in plant operation, engineering and project management and 17 years in consulting engineering. He has led major fossil engineering projects involving both new facilities and rehabilitation. He has also managed a wide range of plant availability and performance improvement projects for coal, oil and gas-fired facilities. He has engineered plant on-line performance monitoring systems and an innovative circulating water spray cooling system. He also has conducted life extension and rehabilitation assessments for a wide range of plants and has been a lecturer on plant rehabilitation for three United Nations seminars for developing countries.

12. ROSS W. MACDONALDSENIOR ENGINEER • Mr. MacDonald has over 26 years of domestic and foreign power plant construction and maintenance engineering experience. the majority of his assignments have been to assist clients with rehabilitation, overhaul, and retrofit work on gas turbine generators and steam turbine generators both in the U.S. and in foreign countries. The work performed on these units consisted of: Steam turbine purchase for a co-generation plant ,Steam turbine and gas turbine rehabilitation contract management, Steam turbine and gas turbine startups, Fossil steam, nuclear steam, and gas turbine overhaul supervision, Combined cycle power plant testing and due diligence Performance evaluations and test witnessing, Feasibility studies and plant assessments ,Life extension studies, One of his current assignments is to predict the costs of extending the life of 12 steam turbine generators and associated equipment for Trans Alta Utilities in Alberta, Canada.

13. VINCENT M. LONERGANFUEL HANDLING SPECIALIST • Mr. Lonergan has more than 27 years of experience in theengineering industry.He has been responsible for systems engineering, project work and as Materials Handling Equipment Specialist on many projects. This work included the engineering and development of system layouts, preparation of specifications, analysis of bids with recommendations to purchase, and interfacing with suppliers and contractors, including general approval of the contractors' design and engineering. He has been involved with coal, coal mining wastes, limestone, peat, refuse derived fuel, biomass, sludge, and ash handling systems for many projects in the last 14 years. • He has been responsible for the independent technical assessment of materials handling systems and equipment for a number of cogeneration projects. • In addition, he has worked on various fluidized bed boiler and fossil-fueled power plants.

14. WILLIAM A. SMITHPOWER / ELECTRICAL SYSTEMS SPECIALIST • Mr. Smith has more than 19 years of experience in the engineering industry. Currently, Mr. Smith is assigned to a project developing engineering assessments and plant demarcation reports for the divestiture of generating assets of a major utility. Additionally, Mr. Smith is assigned as the Lead Instrumentation & Control Engineer for engineering services in the development and resolution of issues associated with the Republic of Korea’s Korean Next Generation Reactor (KNGR) plant design. While on his current assignment, Mr. Smith has performed short term tasks, including independent review of design assessments at an 850 MW pressurized water reactor plant, technical audit of I&C products for an Advanced Boiling Water Reactor Plant and as a team member providing control system trouble-shooting activities on the Munitions Management Device at the Dugway Proving Grounds.

15. RICHARD M. GRIEVECONDITION ASSESSMENT SPECIALIST • Mr. Grieve has 24 years of experience in utility and industrial power projects, European heat and power cogeneration plant investment retrofit.Mr. Grieve's assignments have included Project Engineer and Lead Engineer on many projects. In his present position he is responsible for engineering, design, and trouble-shooting for operating coal, oil, and gas fired utility and industrial plants. Currently assigned as Project Engineer for the rehabilitation of power and central heating plants in Lithuania. Also assigned as Project Engineer for selective Non-Catalytic Reduction NOX emission control projects, Lead Engineer for Panther Creek Power Station facility bank reviews, Lead Mechanical Engineer for Canal Electric Unit 2 Gas Conversion, Lead Mechanical Engineer for Consolidated Edison Orimulsion Study, Lead Mechanical Engineer for Easternstudy, and Lead Mechanical Engineer for the City of Detroit's Mistersky Station Units 5 and 6 gas conversion and life extension projects.

16. ROGER H. SIROISBOILER SPECIALIST • Mr. Sirois has over 26 years of experience in power and steam boiler engineering and management. The majority of this experience has been in technical and management positions of increasing responsibility with major boiler manufacturers. He has successfully worked in a team leadership and equipment specialist role on projects related to boiler modifications, boiler mathematical modeling, fuel switching, and NOX and CO emission reduction. • Mr. Sirois is experienced with the design, start-up and troubleshooting of steam boilers applied to numerous processes in the utility, industrial and municipal sectors. He has advanced knowledge in this technology having applied and integrated numerous mechanical engineering principles and industry practices to complete consulting assignments, in the U.S. and overseas, on a broad spectrum of topics and develop boiler performance modeling computer programs. He has applied ASME Code criteria to boiler modification projects requiring pressure part alteration. The successfully completed projects required preparing specifications and bid evaluations, and staying abreast of equipment and system developments.

17. ENERGY EASTERN LIMITEDOFFERS IT’S CUSTOMERS AN EXCITING ARRAY OF INNOVATIVE ENERGY SYSTEMS AND SERVICES

18. ENERGY SERVICES ENERGY AUDITS AND STUDIES • COGENERATION : -SIMPLE OR COMBINED CYCLE , DIESEL -RANKINE CYCLE (STEAM ) -REFUSE DERIVED FUEL • PROFESSIONAL ENGINEERING AND ENERGY CONSERVATION : -FOOD INDUSTRY -DAIRY INDUSTRY -LEATHER INDUSTRY -CHEMICAL INDUSTRY -POWER INDUSTRY AREAS OF SPECIALIZATION -COGENERATION FACILITIES -BOILER & STEAM SYSTEM S - AMMONIA REFRIGERATION -REFRIGERATION OPTIMIZATION -ENERGY RECOVERY -ENERGY CONSERVATION - OPERATION, MAINTENANCE & MANAGEMENT -ALTERNATIVE BOILER FUEL SYSTEMS -RE-POWERING & REFURBISHMENT OF POWER PLANTS

19. EASTERN ENERGY LIMITEDINCORPORATES “ THE TOTAL ENERGY CONCEPT “WHICH OPTIMIZE ENERGY UTILIZATIONTHIS CONCEPT IS APPLIED TO ALL OF OUR ENERGY APPLICATIONS

20. TOTAL ENERGY CONCEPT THE TOTAL ENERGY CONCEPT IS A VERY POWERFUL AND SIMPLE CONCEPT TO UNDERSTAND : UTILIZE ENERGY IN A HIGHLY EFFICIENT MANNER AND RECOVER ALL OF THE WASTE ENERGY IN A PRACTICAL AND ECONOMIC SCHEME. AN EXCELLENT EXAMPLE WHICH DEMONSTRATES THE CONCEPT AND IT’S POTENTIAL IS THE ELECTRIC GENERATING INDUSTRY

21. ENERGY LOSSES FOR ELECTRIC GENERATING STATIONS PRIMARY ENERGY STACK LOSSES TRANSMISSION LOSSES 1 KW CENTRAL POWER PLANT ENERGYUSED 10, 675 BTU RANKINE CYCLE (STEAM) GENERATION OF ELECTRICITY BTU INPUT = 10.675 BTU KW OUTPUT = 1 KW =3415 BTU OVERALL EFFICIENCY = OUTPUT = 3415 = 32% INPUT 10,675 BTU 32% IS THE U.S.A. NATIONAL AVERAGE OVERALL AREAS OF ENERGY LOSS BOILER LOSSES = 15 % TRANSMISSION LOSSES = 5% TURBINE CONDENSER LOSSES = 48% TOTAL ENERGY LOSSES = 68%

22. RANKINE CYCLE STACK LOSSES 15% DEAERATOR BOILER BFP FUEL 100% INPUT TRENSMISSION LOSSES 5% ELECTRICITY 32% COOLING TOWER CONDENSING STEAM TURBINE GENERATOR CONDENSER CONDENSER LOSSES 48%

23. POWER POLICY • As per Power Policy mentioned under 4.5 Renovation, Modernization and Management of Existing Power Plants: 4.5.1 An important area which has not received sufficient attention is the upkeep of existing plants. Some of the power stations in INDIA have outlived their original life span. In the absence of surplus generation capacities, due attention has not been paid to scheduled maintenance, renovation and modernization of the existing plants. This has resulted in unplanned outages and frequent breakdowns. As a result, availability factor and the Plant Load Factor of a number of plants are below satisfactory level. It is proposed to increase the operating efficiency of the existing plants through introduction of professional management and renovation and modernization programs. The process of renovation and modernization involves substantial investment. The State proposes to throw open the renovation and modernization of the existing plants to private sector (joint sector) participation which can help in bringing in more efficient management practices leading to greater availability of power.

24. 4.5.2 In this, the first task is to identify critical components in the plants that require immediate replacement and renovation. Such renovation/extension programs can extend the life by another 20-30 years at a fraction of the cost of a new plant. By improving the efficiency and utilization of the plant, the Plant Load Factor can be increased to 75%. Nearly 5000 million additional units can be generated by this method alone in the State. Government will encourage the renovation and modernization of all plants of State Electricity Board. For this purpose help of private sector will be taken on case-to-case and merit basis. 4.5.3 Private Sector will be allowed to operate/manage the plants wherever necessary. Such participation by the private sector may follow the following routes: a) Lease, Rehabilitate, Operate and Transfer (LROT) b) Joint Asset Management with State Electricity Boards; c) Sale of existing plants to private sector or to any joint sector venture.

25. Patratu Thermal Power Station(Based on the Data submitted by JSEB to High Court –Jharkhand) • Installed Capacity - 10 UNITS 840 MW (1964) (4 x 50 MW + 2 x 100 MW + 4 x 110 MW) • Derated Capacity 770 MW (4 x 40 MW + 2 x 90 MW + 2 x 105 MW + 2 x 110 MW) • Generation Availability 150 – 200 MW (2006) Unit no. 2, 6, 9 and 10 (Available for Generation) Unit no. 2 40 MW Unit no. 6 Boiler 6(ii) 35/40MW - 70 MW Capital Overhauling of Turbine Generator set has not been done since 1992 Boiler 6(i) Out of Service since 2006 ESP Path of Boiler 6(i) is being connected with ESP Path B of Boiler 6(ii) –MECON Consulting work to be completed by 2006 Consulting Fees:_____________________ Unit no. 9 50-60 MW This unit has run for about 54,000 Hours after its last Capital Maintenance. Capital Overhauling Maintenance OVER DUE. COST__________________ Unit no. 10 80-90 MW AVAILABILITY OF UNITS 40+40+110+110 = 300 MW Capacity OPTIMUM GENERATION = 300 PRESENT

26. Patratu Thermal Power Station(Based on the Data submitted by JSEB to High Court –Jharkhand)Capital Overhauling of Turbine Generator set has not been done since 1992Boiler 6(i) Out of Service since 2006 ESP Path of Boiler 6(i) is being connected with ESP Path B of Boiler 6(ii) –MECON Consulting work to be completed by 2006 Consulting Fees:_____________________Unit no. 9 50-60 MWThis unit has run for about 54,000 Hours after its last Capital Maintenance.Capital Overhauling Maintenance OVER DUE. COST__________________Unit no. 10 80-90 MWAVAILABILITY OF UNITS 40+40+110+110 = 300 MW CapacityOPTIMUM GENERATION = 300 MW

27. In support of Power Policy, EEL proposes a program on Retrofitting, Replacement, Optimization, Renovation, & Modernization (“Electroplating”) of Power Plant(s) of Jharkhand State Electricity Board

28. RE-POWERING & MODERNIZATION OF THE PATRATU THERMAL POWER STATIONS (PTPS) IN JHARKHAND , INDIA

29. OBJECTIVE “EVALUATE THE TECHNICAL AND ECONOMIC FEASIBILITY TO RETROFEIT, RENOVATE, REPLACE, REFURBISH AND MODERNIZE UNIT NO. 3,4 AND 5 OF OLD EXISTING RUSSIAN UNITS (PHASE 1) WITHOUT INTREPTING THE CURRENT ELECTRIC GENERATION, BASED ON IDENTIFYING ALTERNATIVE MODIFICATIONS TO THESE PLANTS.” THE MODIFICATIONS WILL RESULT IN: • IMPROVED PLF • IMPROVED THERMAL EFFICIENCY • IMPROVED NET PLANT HEAT RATE • IMPROVED UNIT RELIABILITY & AVAILABILITY • IMPROVED PLANT ECONOMICS • REDUCED ENVIRONMENTAL IMPACTS • INCREASE OUTPUT CAPACITY

30. Eastern Energy Limited ’s Methodology for successful implementation of the R&M Program for the existing PTPS at Patratu in the State of Jharkhand will be as follows : • Pre-feasibility Study • Feasibility Study • Detail Project Report (DPR) • Specifications for Equipment and System • Preparation of the Tender Documents for International Competitive Bidding (ICB)-(if required) • Finalization of the Tender Documents • ICB - Evaluation & Selection • Implementation and Supervision of R&M • Completion & Evaluation

31. PRE-FEASIBILITY • A Pre-feasibility study will be conducted for Patratu Thermal Power Station (PTPS) for the R&M on a mutually agreed to schedule. The Pre-Feasibility studies for all of JSEB’s TPS will include the following: • Objective of Refurbishment / Modernization • Executive summary • Power plant background information • Description of power plant major facility components • Identification of existing electric generating line problems /evaluation / solutions • Performance of refurbishment / modernization • Benefits of refurbishment / modernization • Cost implications (frequent outages, fuel etc.) • The results of the pre-feasibility studies for JSEB’s PTPS will determine the scope of work.

32. FEASIBILITY STUDY THE FEASIBILITY STUDIES FOR PATRATU THERMAL POWER STATION WILL BE CONDUCTED BY EASTERN ENERGY LIMITED

33. DETAILS 1DEVELOP PROJECT DESIGN BASIS DOCUMENT (TECHNICAL & ECONOMIC) WILL CONTAIN BASIS OF THE STUDY, ASSUMPTIONS, DATA UTILIZED, OBJECTIVE ECONOMIC PARAMETERS. THIS WILL INSURE THAT JSEB & EEL HAVE A DOCUMENTED UNDERSTANDING OF THE DATA AND ASSUMPTIONS UPON WHICH THE FEASIBILITY WILL BE PERFORMED.

34. THE FOLLOWING IS A PRELIMINARY SUMARY OF THE TWO TECHNOLOGIES BEING CONSIDERED FOR THE PATRATU THERMAL POWER STATION (PTPS) REPLACEMENTS: Description CFB Boiler PC-Fired Boiler Comments     • Fuel Size Size6-12 mm x O >70%<70 microns Crushing Cost Higher in PC-Fired • Fuel Range Up to 75% Up to 60% PC-Fired has more limited range • (ash + moisture) • Sulfur (1% - 6%) Limestone injection FGD plant required CFB has less expensive SO2 removal • Aux. Fuel (Oil/Gas) Up to 20-30% Up to 60% PC-Fired requires more oil/gas • Aux. Power Consumption Slightly higher Lower Unless FGD is needed; in which case, PC is higher • SO2 <200 ppm <250 ppm with FGD CFB has lower SO2 emissions, less expensive • NOx <100 ppm < 100 with SCR CFB doesn’t require SCR (or SNCR) • Boiler Efficiency Same Same No difference • O&M Cost 5-10% lower 5-10% higher CFB has less moving equipment • Capital Cost 5-10% higher 5-10% lower w/o FGD&SCR 8-13% lower 8-13% higher w/FGD&SCR w/FGD&SCR • ONCE ALL OF THE PARAMETERS ARE KNOWN THE TECHNOLOGY WILL BE FINALIZED BETWEEN CFB BOILER AND PC-FIRED BOILER.

35. 2 DEVELOP PHYSICAL PLANT SITE ASSESSMENT DOCUMENT THIS DOCUMENT WILL BE DEVELOPED FOR USE IN THE FIELD DURING THE PLANT WALK-DOWNS, TO INSURE THAT CRITICAL INFORMATION IS OBTAINED FOR ALL MAJOR EQUIPMENT AND SYSTEMS SUBJECT TO REFURBISHMENT AND MODERNIZATION.

36. 3DEVELOP PLANT PERSONNEL INTERVIEW FORM THIS FORM WILL BE DEVELOPED FOR USE IN OBTAINING INFORMATION FROM PLANT OPERATIONS AND MAINTENANCE PERSONNEL REGARDING : • ROUTINE OPERATIONAL PRACTICES • OPERATIONAL, RELIABILITY, AND AVAILABILITY CHARACTERISTICS OF EXISTING MAJOR EQUIPMENT AND SYSTEMS • REPAIR/MAINTENANCE/BREAKDOWN HISTORY OF MAJOR EQUIPMENT AND SYSTEMS

37. 4DEVELOP PROJECT ECONOMIC PRO-FORMA THIS PRO-FORMA WILL CONTAIN ALL THE REQUIRED ECONOMIC PARAMETERS TO ILLUSTRATE THAT THE IMPLEMENTATION IS ECONOMICALLY VIABLE AND FINANCEABLE. THIS PRO-FORMA WILL BE A GENERIC TEMPLATE TO BE REFINED DURING THE COURSE OF THE FEASIBILITY STUDY.

38. 5CONDUCT ON-SITE PLANT WALK-DOWNS AND PERSONNEL, INTERVIEWS THIS IS DONE TO PHYSICALLY INSPECT THE CONDITION OF THE MAJOR EQUIPMENT AND SYSTEMS, AND TO OBTAIN OPERATIONAL AND PROCEDURAL INFORMATION REGARDING THE FACILITY. THESE PLANT WALK DOWNS WILL BE CONDUCTED USING THE PLANT ASSESSMENT AND PERSONNEL INTERVIEW FORMS, WITH TECHNICAL PERSONNEL RESIDING IN INDIA.

39. 6IDENTIFY REASONABLY FEASIBLE ALTERNATIVE UNIT MODIFICATIONS FOR EACH UNIT DURING THIS PHASE OF THE FEASIBILITY STUDY THE APPLICATION OF THE STATE OF THE ART TECHNOLOGIES WILL BE EVALUATED & CONSIDERED BY EXPERTS IN THE FIELD.

40. 7 IDENTIFY THE IMPACT TO MAJOR EQUIPMENT AND SYSTEMS THIS PART OF THE FEASIBILITY STUDY IS VERY IMPORTANT BECAUSE THE MODIFICATION OF THE MAJOR SYSTEMS AND EQUIPMENT CAN SIGNIFICANTLY EFFECT THE OPERATION OF THE REMAINING PARTS OF THE ELECTRIC GENERATING LINE. THE END RESULT IS THAT THE TOTAL SYSTEM HAS TO BE IN BALANCE AND OPERATE IN A EFFICIENT AND ORDERLY MANNER

41. 8 EVALUATE THE ALTERNATIVE MODIFICATIONS TO IDENTIFY A SINGLE PREFERRED APPROACH FOR EACH UNIT, BASED ON TECHNICAL AND ECONOMIC CONSIDERATIONS ALL OF THE ALTERNATIVES BEING CONSIDERED UP TO THIS POINT WILL BE REVIEWED, AND A PREFERRED APPROACH WILL BE IDENTIFIED FOR EACH OF THE PLANTS.

42. 9DEVELOP A CONCEPTUAL LAYOUT FOR EACH UNIT, BASED ON THE MODIFICATIONS IDENTIFIED 10 DEVELOP A CONCEPTUAL INSTALLED PRESENT- DAY CAPITAL COST ESTIMATE FOR EACH PREFERRED APPROACH FOR EACH UNIT 11 DEVELOP A CONCEPTUAL FIRST YEAR ANNUAL OPERATING COST ESTIMATION FOR EACH UNIT

43. 12 GENERATE THE CONCEPTUAL 13 PRO-FORMA FOR EACH UNIT MODIFICATION SELECTED THIS CONCEPTUAL PRO-FORMA WILL BE BASED ON THE GENERIC PRO-FORMA TEMPLATE DESCRIBED IN SLIDE #34. IT WILL INCLUDE THE CONCEPTUAL CAPITAL AND ANNUAL COST DEVELOPED FOR EACH OF THE TWO PREFERRED APPROACHES SELECTED FOR IMPLEMENTATION. 14 GENERATE A SUMMARY REPORT PRESENTING THE ABOVE ACTIVITIES

44. ESTIMATED SCHEDULE It is anticipated that the Feasibility Study can be completed according to the following overall milestone schedule Activity Completion Weeks after JDA Execution Develop Design Basis Document Format for Submittal to JSEB/EEL JV Company 3  Develop Plant Walk-Down Forms & Personnel Interview Forms 3 Obtain existing technical parameters of the Processes and equipment from GPCL/GEB 5 Commence Plant Walk-Downs and Interviews 8 Identify Potential Alternatives 14 Evaluate Alternatives and Select 1 Preferred Option 17 Provide Draft report of Effort to GPCL/GEB 22 Obtain review comments from GPCL/GEB 25 Issue revised final report for Feasibility Study 28  

45. DETAIL PROJECT REPORT (DPR) • Detail Project Report will include but not limited to the following: • 1. Conceptual Design of Refurbishment and Modernization • 1.1 Lay out • 1.2 Mechanical Systems • 1.3 Electrical Systems • 1.4 Instrumentation & Control • 1.5 Civil & Structural • 1.6 Support Facilities • 1.7 Construction Facilities • 1.8 Environmental Aspects 2. Project Implementation & Schedule 3. Organizational Set-up 4. Capital Cost Estimation and Financial Analysis 5. Drawings

46. Specifications for equipment and Systems • Detailed specifications and standards will be developed to meet all the required local, State and JSEB codes and standards to insure that a safe, efficient, reliable, cost effective and dependable R&M installation is achieved. The Specification schedule will be finalized once the Feasibility Study is completed.

47. Preparation of the Tender Documents for International Competitive Bidding (ICB)(if required) • The tender documents will be prepared jointly with JSEB to insure that the most efficient, cost effective, reliable, dependable and expeditious R&M installation is accomplished. • Building on the data and information already developed and agreed upon, the tender documents will be developed. The tender documents will consist of instructions and information for bidders along with the actual EPC and O&M agreements (if required) that will be completed and executed between the parties. . The schedule for preparation of the Tender Documents will be finalized once the Feasibility Study, DPR and Specifications for Equipment & Systems are completed.

48. Finalization of the Tender Documents • Subject only to final negotiations, the tender documents developed to this point are intended to be complete, final, and mutually consistent. This is a final in-house step prior to final bidding and negotiations with the service providers. The necessary documents in conjunction with the additional technical and legal support will also be prepared • Among the most critical assumptions made in the financial proforma are the guarantees upon which the facility performance is based. Engineering, heat balance diagrams combined with the experienced estimates of the necessary margins, will indicate the levels at which the EPC contractors can be expected to bid the performance guarantees.

49. ICB - Evaluation & SELECTION • Armed with the detailed financial analysis, assumptions and anticipated performance data, the JSEB/EEL development team is equipped to intelligently finalize each of the agreements. Interfaces between the contracts are allocated per the responsibility matrix (developed by EEL) and terms are concluded only after comparison to the financial model. Deviations resulting during negotiations are examined for impact on the overall project and adjustments are made to all contracts affected by each deviation. • EEL will prepare the necessary documents and conduct all negotiations with the development guidelines that will be set in place. All negotiations will be conducted in conjunction with the additional technical and legal support required. • As the contracts are negotiated the financial proformas are updated and reviewed. This repetitive process yields a financial indication of the impact of current events throughout the development process. It also assures that a high degree of control is available.

50. Implementation and Supervision of R&M • The project implementation and supervision phases of the R&M process should be rather anticlimactic if the stage is set prior to its beginning. Still events may occur that result in added cost or time to complete the project. Additionally, the relationship with the community and agencies that form the external environment of the project will be established at this time. These relationships work best if kept on a positive basis. Management of public relations and news releases can set a positive tone for this and future projects under development. The key steps in this phase of the process are: • Active Implementation Plan • Monitor Progress and Report • Control Changes and Force Majuere Events • Manage Political, Legal, and Media Aspects of Project