Roliance Centra, Near Prabhat N ce Colony, Off Western Exprase Highway, Santacruz East) Reliance Power Limited} jjumbai- 400085, India, CIN: LAOLOIMHTOBBPLODEAGET | To >> aang 1000 7 Fax: 491 22 3303 3662 wvmurallancepower.co.in Rex! Date : November 5, 2018 ‘The Manager ‘The Asst Vice President Dept. of Corporate Services Listing Department BSE Limited National Stock Exchange of India Ltd Phiroze Jeejeebhoy Towers. Exchange Plaza, C-1, Block @ Dalal Street Bandra-Kurla Complex, Bandra (East) Mumbai 400 004 Mumbai 400 051 BSE Scrip Code : 832939 NSE Symbol: RPOWER Dear Sirs, Sub: Media release in respect of judgment of Appellate Tribunal for Electricity {APTEL) in Appeal filed by Vidarbha industries Power Limited (VIPL), Company's subsidiary We atlach herewith a copy of the Media Release which is being issued in connection with the judgment of the Appellate Tribunal for Electricity (APTEL) on the Appeal filed by Vidarbha Industries Power Limited (VIPL), Company's subsidiary againet the order of the Maharashtra Electricity Regulatory Commission (MERC), which you will find self explanatory. Kindly bring the above to the notice of your members. Yours faithfully For Reliance Power Limited Ramaswami Kalidas Company Secretary Encl. : As above. ‘Roglstored Offic Block, * Floor, Dhiishal Ambon Knowiedze City, Navi Mumba 400 710Reliance Centre, Near Prabhat Colony, Off Wesiem Express Rellance Power Limited RELIANCE Sheraton | Ste Sueten ‘Mumbai - 400065, India “Tel: +91 22 3903 1000 Fax: +91 22 3303 3662 ‘ynaw.reliancepower.co.n MEDIA RELEASE APTEL. UPHOLDS PRINCIPLE OF FUEL COST PASS-THROUGH UNDER SECTION 62 FOR VIDARBHA INDUSTRIES POWER LTD. MERC HAD EARLIER APPROVED VIPL PPA UNDER SECTION 62 OF ELECTRICITY ACT APTEL ASKS MERC TO REWORK FUEL COST BASED ON ITS DIRECTIONS Mumbai, § November 2016: Appellate Tribunal for Electricity (APTEL) upholds principle of fuel cost pass-through under Section 62 of Electricity Act in its judgment pronounced In an appeal filed by Vidarbha Industries Power Limited (VIPL), a subsidiary of Reliance Power Limited VIPL had challenged order issued by Maharashtra Electricity Regulatory Commission (MERC) on 20 June 2016, which partially disallowed fuel costs for FY14-15 and FY15-16. The said MERC order pertained to truing up for FY14-15, provisional truing up for FY15-16 and Multi-Year Tarif for FY16-17 to FY19-20. MERC had earlier approved the Power Purchase Agreement for Butibori Project of VIPL under Section 62 of Electricity Act. APTEL found merit in VIPL’s contentions against the disallowance of fuel costs in the said MERC order. APTEL observed that once PPA is approved under Section 62 of Electricity Act, the basic principles of tariff determination as per Section 62 have to be followed, where the fuel cost is pass-through in tariff. APTEL further observed in its judgment that actual fuel mix used must be allowed while undertaking the ‘Regjstered Ofte: H Black, Float, Dhlrubhal Ambani Knowledge City Navi Mursbal- 400 740prudence check. APTEL has accordingly asked MERC to rework fuel cost pass-through based on the decisions in its judgment. APTEL judgment provides regulatory clarity & certainty for VIPL. About Reliance Power: Reliance Power Limited, a part of the Reliance Group, is India's leading private sector power generation and coal resources company. The company has the largest portfolio of power projects in the private sector, based on coal, gas, hydro and renewable energy, with an operating capacity of 5,945 megawatts. For more information, please visit www.reliancepower.co.in For further information please contact: Daljeet Singh +91 9312014099