Greenko : EIG to invest US$ 125 million in Greenko

9 October 2014

("Greenko" or "the Group")

Greenko, the Indian developer, owner and operator of clean energy projects, announced today that its subsidiary Greenko Mauritius, has secured commitment for a US$ 125 million investment from EIG Global Energy Partners, Washington, D.C. ("EIG"). The proceeds from this investment will be used to refinance the Standard Chartered facility of US$70 Million, due in January 2015 and support the development of renewable power projects in Greenko's strong developmental portfolio of 2.2GW dominated by hydro and wind assets.
EIG has been a trusted partner to many prominent companies in the energy sector since 1982 and has invested over US$ 16 Billion spread over 34 countries, with a clear vision that long term success in the energy industry requires understanding, patience and dedication. Greenko believes that it will benefit from EIG's strong expertise in the sector, from its experience investing globally, and from its commitment to sustainability and renewable energy. This is also the first investment that EIG has made in the Indian energy industry.
The investment by EIG is through a long term 6-year instrument with a cash coupon of 5% per annum and a payment-in-kind ("PIK") coupon of 6% payable at maturity with an option to convert this PIK into Greenko Group plc Shares at 240p per share. EIG has certain information rights and is eligible for one Board position at the Mauritius level.
"We are delighted to have partnered with Greenko Group, which is the leading and most established renewable energy developer and operator in India", said R. Blair Thomas, CEO of EIG Global Energy Partners. "India is a high growth energy market with improving macro-economic fundamentals and sustainable power is critical to India's continued success. As such, we couldn't be more pleased to enter this strategic market alongside a company of such stature".

Macquarie Capital advised on the transaction.

Anil Chalamalasetty/Mahesh Kolli/ Vasudeva Rao Kaipa

Richard Day/Steve Douglas

Jeremy Ellis / Gary Clarence

Matt Ridsdale / Mike Bartlett/ Niall Walsh

Greenko is a mainstream participant in the growing Indian energy industry and a market leading owner and operator of clean energy projects in India utilising a de-risked portfolio of wind, run-of-river hydropower, natural gas and biomass assets. The Group is now focused on building new utility scale wind farms and hydropower projects across India. Greenko intends to increase the installed capacity it operates by winning concessions to develop and build new greenfield assets, as well as making selective acquisitions which enhance shareholder value. Greenko's portfolio is carefully planned and managed to ensure it offers investors diversification and spreads its risk across a number of projects that utilise various well-proven environmental technologies.
The Company's goal is to reach 1,000 MW of operational capacity in 2015 and approximately 2,000 MW in 2018. With a core belief in sustainability both operationally and environmentally, Greenko endeavours to be a responsible business playing an important role in the community beyond its role in the power generation industry. The Company maintains a continuous involvement in localised projects and community programmes which centre on education, health and wellbeing, environmental stewardship and improving rural infrastructure. Greenko Group plc was admitted to trading on the AIM market of the London Stock Exchange (LSE: GKO) in November 2007

EIG specializes in private investments in energy and energy-related infrastructure on a global basis and has $15.7 billion under management as of June 30, 2014. During its 32-year history, EIG has invested
over $16.4 billion in the sector through more than 290 projects or companies in 34 countries on six
continents. EIG's clients include many of the leading pension plans, insurance companies, endowments, foundations and sovereign wealth funds in the U.S., Asia and Europe. EIG is headquartered in Washington, D.C. with offices in Houston, London, Sydney, Rio de Janeiro, Hong Kong and Seoul. For more information, visit http://www.eigpartners.com/www.eigpartners.com.

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