Jindal Mmamabula Energy Project (JMEP I)

The Jindal Mmamabula Energy Project (“JMEP I”) is a planned 300 megawatt power station and associated coal mine that is envisaged to be built at Jindal’s Mmamabula Coalfield.

The power is intended for sale to Botswana Power Corporation (“BPC”), Botswana’s national utility, as new baseload power generation is required to sustain the country’s growth.

The cost of the capital equipment and infrastructure for JMEP I is estimated at approximately US$ 1 Billion. The estimated construction time for the JMEP I is anticipated to be approximately 36 months from Financial close.

Jindal is currently considering several alternatives for the development of the JMEP I, however a decision regarding these alternatives remains pending.