Annexure-1 ‘The Scope of LIEs Role Functions are as under: 1. To vet the cost of various components of the project & comment on reasonableness of various components of the project. 2. To monitor the progress of the Project on an ongoing basis in terms of time schedule as well as cost angle, physical progress vis-a-vis availment of credit facilities. 3. Other monitoring: ‘Project Review & Assessment. Project risk and risk mitigants. Assessment of envisaged DCCO. Due Diligence to assess selection of appropriate technology implemented by the Company. EPC (Engineering, Procurement and Construction) contracts and permits, terms and schedule, if any, as and when required. ‘© Long term agreements like Power Purchase Agreement (PPA), Operational & Maintenance (O&M) etc, if any, as and when required. «All material permits, approvals, authorizations and consents required by the Company for implementation of the Project relevant shall be certified. All other statutory clearances and approvals including Pollution Control Board clearance are to vetted & certified. ‘* Verification of cost incurred, value of asset created, whether P&M acquired/installed are new/second hand, residual life of created asset. * Periodic review of construction schedule. ‘* Monitor progress of the project with respect to the schedule and reasons for delay (if any) and corrective action taken (if any). ‘© Review that drawdown amounts are to the satisfaction of the LIE to reflect actual physical progress and within the overall Financial Plan ‘* Coal Mining Agreement amendment and modification orders. ‘* Commissioning and plans for initiating the project. * Comments on margin contribution by promoter/ borrower. ‘+ Fund/equity infusion vis-a-vis project progress ‘+ Inform the lenders about cost escalation/overrun (if any). * Periodical review of invoices above INR 50 Lakhs and submission of exception report to the Bank ‘+ To keep a close watch on industry specific prevailing trends, cyclical changes, Government Policies affecting the Company/Industry, sustainability/sensitivity in Products/Business and suggest precautionary measures to mitigate the risks. High value Vendor due diligence Invoice Price of Capex above INR 50 Lakhs. Monitor the progress of land availability at regular interval as per the scheduled progress of the project. Verification of compliance of Major Terms of Coal Mining Agreement + Any other matter as agreed upon by lenders, LIE and borrower 4, Annual Operational Review: ‘Identifying any significant technical and operational issues. * Compliance with permits and regulatory requirements (The above list is illustrative and not exhaustive.) 5. To monitor Project progress for achievement of DCCO & certify the final DCCO. 6. Mandatory undertaking from LIE Consultants: All credit / project appraisal memorandum submitted by the mandated consultants, shall contain an unqualified undertaking of the appraising consultant stating that “They have verified the technical and financial aspects of the project and based on their assessment, the proj technically viable and economically feasible”. The Bank shall not entertain any credit / appraisal memorandum from the consultants without this undertaking Large Corporate Branch, 1/1 Camac Street, 1 Floor, Kolkata - 700 016 Tel: 033 2229 6322 / 7908, Email: viin0550345@unionbankofindia.bank, Website: www.unionbankofindia, Hoste, oulibe UrionBankatind au uniontantetinga ‘) GunonBoscTwees (7) nes ba irosbarkotind