Notice Inviting Tender for ‘Sale of Ash/Reimbursement of Transport Subsidy’ - APL/2026-27/ASH/TENDER-01

Adani Power Limited (APL)

Tender for Sale of Ash/Reimbursement of Transport Subsidy

Notice Inviting Tender (NIT)

SECTION A

NOTICE INVITING TENDER (NIT)

FOR

SALE OF ASH/REIMBURSEMENT OF TRANSPORT SUBSIDY

Issued by:

ADANI POWER LIMITED INCLUDING ITS SUBSIDIARIES (APL) Tender Document No. APL/2026-27/ASH/TENDER-01

Dated: 15 October 2026

Adani Power Limited (APL)

Tender for Sale of Ash/Reimbursement of Transport Subsidy

Notice Inviting Tender (NIT)

Adani Power Limited including it’s subsidiaries (hereinafter referred to as ‘ APL’) is Company incorporated under the Companies Act, 2013 and is engaged in business of, inter-alia, thermal power generation. APL invites ‘sealed bids’ from qualified and eligible Bidders for the Sale of Ash/Reimbursement of Transport Subsidy from all Thermal Power Plants (TPPs) listed below, in accordance with Bidding Document No. APL/2026-27/ASH/TENDER-01 dated 15.10.2026. For purpose of this tender, APL comprises a portfolio of thermal power plants and its subsidiaries, including APL, Korba TPP Phase-II, Mahan Energen Ltd., Phase-II (MEL) - Mahan TPP & APL, Churk TPP. In this tender wherever phrase ‘Ash’ has been used the same includes both fly ash as well as bottom ash generated from the APL’s mentioned Thermal Power Plants. The particulars of the respective power plants and its estimated annual Ash generation for the Financial Year 2027-28 and FY 2026-27 is as below in Table-1: Table-1 Sr. No. Thermal Power Plant (TPP) Capacity (MW) Ash Generation for FY 27-28 (Mn MTPA)

1 APL, Korba TPP Phase-II, State: Chhattisgarh 1320 1.73

2 Mahan Energen Limited, Phase-II (MEL), Mahan

TPP, State: Madhya Pradesh 1600 2.10

3 APL, Churk TPP, State: Uttar Pradesh 160 0.25

Grand Total 3080 4.08 Expected Declaration of Commercial Operation of above mentioned TPPs in FY 2026-27 as per

latest planning is as below:

Sr. No. Thermal Power Plant (TPP) Expected Declaration of Commercial Operation Expected Ash Generation for FY 26-27 (Mn MTPA)

1 APL, Korba TPP Phase-II, State: Chhattisgarh October, 2026 0.79

2 Mahan Energen Limited, Phase-II (MEL), Mahan

TPP, State: Madhya Pradesh December, 2026 0.46

3 APL, Churk TPP, State: Uttar Pradesh January, 2027 0.08

Grand Total 1.33 Mn MTPA - Million Metric Tons Per Annum, MW: MegaWatt

BRIEF OVERVIEW OF APL:

APL, a part of the diversified Adani Group, is the largest private thermal power producer in India. The company operates an installed thermal power capacity of 18,110 MW spread across 12 power plants in Gujarat, Maharashtra, Karnataka, Rajasthan, Chhattisgarh, Madhya Pradesh, Jharkhand, and Tamil Nadu, apart from a 40 MW solar power plant in Gujarat. With the help of a world-class team of experts in every field of power, APL is on course to achieve its growth potential. The company is harnessing technology and innovation to transform India into a power-surplus nation and provide quality and affordable electricity for all.

Adani Power Limited (APL)

Tender for Sale of Ash/Reimbursement of Transport Subsidy

Notice Inviting Tender (NIT)

Preamble:

APL intends to Sell the entire Ash generated from it’s Thermal Power Plants as listed in Table -1 on ‘As-is-where-is’ basis from the ‘Delivery Point’ to comply with all MOEF&CC and MOP norms. The annual quantity of Ash generation may vary depending on the actual power generation across APL’s TPPs. 1.0 SCOPE OF WORK The Successful Bidder shall become eligible to Purchase 100% quantity of generated Ash of the TPP’s as listed in Table -1 as per the guidelines of MoEF&CC and MoP on ‘As-is-where-is’ basis from the ‘Delivery Point’. The estimated Ash generation for FY 27-28 is 4.08 Million Metric Tons. The annual Ash quantity may vary depending on the actual power generation across APL’s TPPs. For the current FY 2 6- 27, the contractual quantity shall be around 1.33 million metric ton depending on actual Declaration of Commercial operation. APL shall communicate the schedule of quantities of Ash available for Sale for each TPP to the Successful Bidder at the beginning of every quarter throughout the Agreement Term, in accordance with Articles 3 and 4 of the Draft Agreements for Sale of Ash/Reimbursement of Transport Subsidy. Upon taking custody/transfer of title of Ash from ‘Delivery Point’ within TPP s, the Successful Bidder must comply with the standards and specifications outlined in Exhibit 9 of the Instructions to Bidders (ITBs), which incorporate relevant notifications and guidelines issued by the Ministry of Environment, Forest and Climate Change (MoEF&CC) and the Ministry of Power (MoP), as applicable. The Sale of Ash /Reimbursement of Transport Subsidy agreement shall be valid for a period of Three (3) years from the Commencement Date , which may be extended further on mutually agreed basis. 2.0 BID QUALIFICATION REQUIREMENTS The Interested Bidder shall meet the Qualifying Requirements (QR) for Financial Capacity (Clause 2.1) and Technical Capacity (Clause 2.2) and shall also note the stipulation of Clause 2.3

“Limitations” as specified herein below:

2.1 QR for Financial Capacity:

a) Net worth: Bidder shall have a minimum Net Worth of INR 60,00,00,000 (Indian

Rupees Sixty Crores Only) in the preceding Financial Year i.e., 202 5-26. Net Worth for the relevant year shall mean the sum of the paid-up equity share capital, equity like instruments and free reserves and surpluses (free reserves and surpluses shall mean all reserves credited out of the profits and share premium account but does not include reserves credited out of revaluation of assets) less miscellaneous expenditure that has not been written off.

b) Turnover: Bidder shall have minimum average annual turnover of INR 250,00,00,000

(Indian Rupees Two Hundred Fifty Crores Only) in the preceding three (3) Financial Years i.e., 2023-24, 2024-25 and 2025-26. c) Bidder shall pr