The Group plans to capitalise on the current Indian market opportunity by leveraging its early development and construction efforts in the generation segment through a combination of long term sale arrangement with high credit industrial consumers and short term sale arrangement with local utilities at attractive price points in the short and medium term. This is expected to enable a significant uplift in short term cash profitability and provide the much required internal accrual for further growth and investment opportunities.

The Group’s business strategy on long term sustainable power generation model is planned around an integrated fuel supply power generation model, that seeks to leverage the partnership with various state owned mining companies for long term sustainable and cost effective fuel supplies with a PPA mix that obligates part of the power supplies to such enabling state entities and balance sales to other consumers thus enabling sustainable power plant business model as well as efforts to actualize more than average market returns. We intend to continue to focus on a developer driven business model and establish power projects with cost-efficient, sustainable, long-term sources of fuel.

The Group envisages an ever increasing shortage of vital raw material for various thermal projects in India (both for peak and base load requirements) and hence additional spur in demand for businesses that can enable the fuel linkage. Leveraging its experience in the power generation and the recent experience in operating the Gurha (E) lignite block in India, the company has now finalized plans for a foray into the mineral business in India and currently negotiating contracts for various mine development operations. While we believe that we have adequate quantities of fuel to sustain our current plans on power projects, we will continue to explore other options and sources for procuring and strengthening our fuel supplies.

As part of the strategy to address global environmental concerns on carbon and emissions as well as having a balanced portfolio including renewable sources and complement the Groups extensive footprint in thermal power, the group has initiated discussion with leading manufacturer of solar panel manufacturing equipment for a potential setup of a facility in India. While the short term opportunity is envisaged towards an export oriented business, the group envisages a long term viable business opportunity of solar power generation in India. Also integral to such strategy, the group continues to explore other renewable opportunities of hydro and wind energy opportunities.