ENGINEER CORPORATION 1 Engineer Corporation Mr Shailendra Engineer

ENGINEER CORPORATION 1

Engineer Corporation Mr. Shailendra Engineer Founder Richmond Grand, Block A, 1003, Near Torrent Power Station, Makarba, Ahmadabad, Gujarat, INDIA PIN – 380051 shailendraengineer@gmail. co m 91 -9879005353 Mr. Rajiv Raikar – Co. Founder 592, 6 th G Cross, 6 th Block Koramangla, Bangalore, Karnataka, INDIA PIN – 560095 rajiv. raikar@gmail. com 91 -9880704300 2

Overview We are an Engineering Innovations & Proven Technologies Integration Organization aimed at providing “Affordable Energy To Everyone” by use of renewable resources. Ø Using Solar Thermal Technology Electricity for Industries at 50% lower price. Ø Electricity , Hydrogen as cooking gas & fuel in transportation for Industrial, Commercial & Residential use* Ø We will reduce the overall energy costs for our struggling customers & also cater to off-grid areas. Ø We aim to be competitive by offering up to 50% lower prices by using path breaking renewable energy technologies 3

How Solar Thermal Steam Storage Technology Works * Steam Engines for Electricity Generation 9/10/2021 4

How Solar Thermal Steam Storage Technology Works Condenser Electricity Thermal Storage Tanks Steam Engine Parabolic Troughs 9/10/2021 5

Why use Solar Thermal Steam Storage Technology? Solar Thermal 9/10/2021 Solar PV Technology 6

Why use Solar Thermal Steam Storage Technology? Parameter Solar PV Solar Thermal Solar Spectrum Used 38% 98% Yearly Production (MWH)/ Installed MWp 1100 -1700 8500 -8700 Cumulative Earnings over 20 Year Period 1/6 of Solar Thermal 9/10/2021 6 Times of Solar PV Electricity Storage Batteries Required No storage Required Batteries Disposal Necessary every 2 -3 years Not Required Electricity Generation Day Time 24/7 7

Why use Steam Engine instead of Steam Turbine? Steam Engine 9/10/2021 Steam Turbine 8

Why use Steam Engine instead of Steam Turbine? Parameter Steam Turbine Steam Engine Operating Pressure High Low Capital investment High Low Down-Time High Low Continuous On Demand Non-Modular Maintenance Higher, Comparatively Difficult Low & Easy Spares Cost High Low Moderate High Low Not Possible Moderate High Electricity Generation Scalability Operational Ease Skills Required Remote Safety 9/10/2021 9

Why use Hydrogen as Cooking Gas? ØThese are rapidly depleting fossil fuels ØBeing subsidized LPG is an economic burden ØHydrogen can be generated using renewable power ØBy using a modified gas stove Hydrogen can be used as cooking gas which is safe, affordable & non pollutant ØHydrogen is available in abundance, is sustainable, reliable, cheap, is easily stored & transported by using latest technologies 10

Supply Chain Management Solar Thermal Power Project Industrial Customer Household Customer Hydrogen Production Hydrogen Storage Distribution Ware-House For Hydrogen Canisters Central Ware-House For Hydrogen Canisters 11

Solar Thermal Steam Storage Technology - Highlights from Field Trials ØBetter break-through arrangement of thermal/heat energy storage. ØThe storage cost is 1/5 th Of the cost of batteries, No degradation of storage during life cycle Ø This system eliminates intermittency, replaces intermittency with full dispatch ability. Ø High quality load following “on demand” 24 hours Ø Scalable, On Grid & Off Grid 12

Solar Thermal Steam Storage Technology - Highlights from Field Trials ØPressurized Hot Water Innovative Steam Accumulator. Ø HP/LP Integrated Steam Engine, Solar Steam Generator Ø Low water consumption due to closed circuit Ø 10% to 100% of typical power output in 10 seconds Ø Packaged in standard 40 feet container as a module Ø No Micro Grid Needed, Life > 25 Years ØCost per Watt-peak of solar + 16 hours storage is only 1. 75$ compare to PV+ Batteries which is 4. 74/W-peak 13

Indian Endorsement- By Ministry of New & Renewable Energy (MNRE) Ø MNRE has approved Solar Thermal Steam Storage Technology. Ø MNRE approved 300 KWH Solar Thermal Steam Storage Technology based power project to be installed at IIT, Jodhpur. Ø MNRE has sanctioned 6, 000 US$ grant-in-aids towards the cost for the 300 KWH proposed power project at IIT, Jodhpur. Ø Expert MNRE Technical Committee felt that proposed Solar-Thermal System has potential to decentralized power requirement in India Ø Jammu & Kashmir Government has initiated action 14

Opportunity Presently offered at Rs 7 -8/ Unit. We plan to supply @ 3/Unit The potential for Solar Power in the country is 3, 000 MW Presently, Most solar power providers are able to supply power only during the day. They can not store power/heat energy. We can offer 24/7 reliable power 15

Opportunity ØTo include rural populace in the growth story of the country ØTo reduce dependence on fossil fuels ØTo save foreign exchange on imports Ø 56 Million households do not have access to Electricity ØTo reduce carbon footprint 16

Social Impact Ø Increase in quality of education due to availability of 24 Hrs x 365 days power. Ø Increase in economic activity hence increase in happiness Ø Health of women will be improved immensely due to clean cooking atmosphere Ø Increase in overall comfort in the remote areas due to functional amenities by affordable availability of power + cooking gas Ø Local employment generation Ø Reduced rural to urban migration, increase in enterprises 17

The Market Installed Capacity (MW) 40351 31702 4780 168255 Thermal Nuclear Renewable Hydro 68% of Total Installed Capacity in the country is thermal, which is higher in terms of cost/unit & offers a ready market Use the National Grid to supply power @ 50 paise/Unit as transmission charges, hence can supply across the country 18

The Market Government Target – For Grid Connected Solar Power from 3000 MW to 1, 000 MW by 2022 This offers tremendous scope for expansion 19

Customers Industrial Units 300 KWH & above Residential Conclaves 300 KWH & above Commercial Establishments 300 KWH & above. Also 1 KWH to 50 KWH* Rural households in villages with at least 100 houses, 99. 99% Villages have more than 100 Houses. 20

Competitive Landscape ØThere are no known competitors in the market as of now for the planned revenue model in the targeted area. ØLooking towards great market size, sustainable income, direct connectivity to customers, many financially sound conglomerates may choose to enter in “Affordable Energy Retail Space” ØThere are many players using only solar energy supply model operating during the day whereas we plan to use 21

Business Model Ø Our aim is to make affordable energy available to everyone. This will be accomplished using the following strategy Ø Provide electricity at cost plus sustainable margin Ø Achieve economies of scale with larger customer base because of low prices Ø Ensure overall profitability of organization by other revenue streams like coal trading & corporate deposits Ø Deploy funds from the above to scout for low cost renewable energy technologies to further reduction in cost of electricity supplied 22

Business Model Ø For larger customers company will be managing directly using national grid by paying transmission charges of 50 paise per unit Ø Rural households will be managed thru NGOs* Ø Commercial Establishments in urban areas will be managed by franchisees. Ø We will charge only Rs 3 (0. 048 $) per unit Ø In case of rural households & commercial establishments monthly rentals of only 5 US$ will be charged 23

Team Ø Founder – Shailendra Engineer- Mechanical Engineer with Post Graduation in Management and over 22 Years experience in Energy/Power/Oil & Gas/Manufacturing Sector. Has wide network for accessing newer renewable energy technologies & understanding of international banking. Ø Will be Responsible for- Funds Raising, New Technology, Innovation Integration, Short & Long Term Goals Ø Co-Founder - Rajiv Raikar- Mechanical Engineer with Post Graduation in Financial, Materials Management and diverse experience of over 23 years in Manufacturing Operations, Project, Maintenance & Supply Chain Management. Certified Energy Auditor by BEE, Govt. of India. Ø Will be Responsible for- Business Development, Project Execution, Operations & Administration Ø Members will be added as we do organic growth of the venture 24

Skill Sets to be added…. Ø Legal –Our Venture has decided to use 3 rd party collaterals to raise primary financing hence it would be better to have a larger team of legal professionals. Ø Financial Services – This Venture intends to use SBLC Issuance and Monetization based secondary finance to create a rapid customer base hence there would be requirement of professionals having expertise in international banking and financial services. Ø Team Leaders - To oversee widely spread business at District, Tehsil, State, National Level, Experienced Techno-Commercial Team Leaders from Energy Domain would be needed. Ø Technicians - To do service, maintenance, maintain 25

Business Unit Total Addressable Market…. Ø Domestic – 56 Million Indian House-Holds are without electricity, approx 45% rural house-holds have partial or no electricity, 87% Rural Population depend on biomass for cooking, 26% Urban House-holds depend on biomass for cooking, Only 29% of total population has access to LPG Or PNG for cooking. Ø Industries – Only One Indian State Gujarat has more than 2400 M US$ Turnover for micro-diamond polishing units, There are more than 10, 000 Single Screen Cinemas in India, 4, 88, 000 Power Looms in only 1 State (Gujarat), India has more than 10, 000 Retail Stores, 56 Million Small and Medium Sized Manufacturing Units, Schools, Colleges, Hospitals, 26

Funding Stage 1: Investor to invest 25000 US$ for about 5 months to be held as collateral to obtain SBLC credit of 4 M US$. Stage 2: By using 25000 US$, we will raise 2. 74 M US$ @ 6% Interest Per Annum. This will be used to set up 10 MW solar-thermal power generation facility in Gujarat or Karnataka State/Province Of INDIA. The same process will be repeated to raise further finance infusion. If the investor so desires he/she will be paid back 25000 US$ along with 25% returns after securing overseas credit (in 5 Months). 27

Project Cost of the Project Total $Mn Land Total Rs Lacs 0. 81 500. 00 12. 90 8, 000. 00 0. 02 10. 00 20. 16 12, 500. 00 Other Services (E & C) 0. 81 500. 00 Expenses For SBLC Raising + Monetization + Hedging + Banking Charges + Private Finance Raising + 3 rd Party Assets Arrangement + Travel, Lodging, Boarding etc 4. 03 2, 500. 00 Service Tax 0. 32 200. 00 Engineering Expenses (Including Innovations, R & D, Pilot Projects) 0. 62 385. 00 Government Clearances 0. 52 325. 00 Insurance, Project Office etc 0. 52 320. 00 Site Office Vehicles etc 0. 81 500. 00 Interest during construction period 1. 13 700. 00 42. 65 26, 440. 00 Solar-Thermal Power Plant - 10 MW Investment into Coal Trading Business Investment into Corporate Deposits Total Investment- Phase 1 28

Funds Flow Inflows : Annual Power Units Sold (in Million Units) Wheeling Charges Rate per Unit for Power Sold Total Yearly Income From Sale of Electricity Units First Year Income from Coal Trading Business Annual Income from Interest on Corporate Deposits Total Yearly Revenue Generation Annual Estimated Increase 25. 56 2% 3. 00 Mn US$ 1. 03 0. 846 1. 411 3. 288 20% Mn US$ Outflows : Insurance Operation & Maintenance, Other Expenses Total Expenses Annual Estimated Increase 0. 4838 0. 2096 0. 6934 20% Mn US$ Net Annual Profit ( 1 st Year) 2. 595 Payback for the Project - 5. 2 Years 9/10/2021 29

Implementation Plan Time Needed Expected Result (No. Of Days) Impact Over Business Sr. No. Activity 1 Raise seed capital of 15 Lac Rs 90 Operations start after company registration 2 Raise 0. 806 M US$ thru Private Investor 60 To raise funds and Will enable for issue & start the operations monetization 3 Issue & Monetize 5 M US$ SBLC 60 To raise Rs. 22 CR 4 System Integration & Trials 105 Start of Operations Funds Inflow Starts 90 Initiating other Renewable Energy Funds Inflow Increase Projects 5 Roll Out of Services Total Days = 405 Days Visibility in Market Will get 2. 74 M US$ to use @ 6% / Year 30

Summary Ø The fund requirement is 25000 US$ for 5 months Ø Payback for the Project is 5. 2 yrs Ø Opportunity to supply electricity across the country, in thousands of MW using renewable energy sources Ø Ability to supply Power @ 50% of existing cost on 24/7 basis Ø Ability to supply cooking gas @ 50% of existing cost on 24/7 basis through backward integration post power project establishment Ø Use of latest renewable energy technologies & ability to raise cheap overseas funds through use of 3 rd party collaterals and issuance + monetization of SBLC from Top 10 Global Banks Ø Customers include Industrial , Commercial & Residential units with planned expansion into rural areas Ø Experienced team of founders with technical expertise, strong academic background & a very wide business resources network 31