DIRECT RENEWABLE ENERGY PTE. LTD.

Direct Renewable Energy Limited is incorporated in Singapore and is the investment vehicle of BRIC, through which the company has won a 50 MW solar energy project in Terakoda, Khulna, Bangladesh. The project’s plot is low-lying waterlogged land, making it perfect for a synergy fisheries business. It is also one of the first 100% renewable energy projects in Bangladesh and a joint venture with Hero Future Energies (INDIA). Direct Solar and Fisheries limited (our land company) will be acquiring plots, allowing for solar panels to be placed above one of the largest fisheries projects in the country. Energy can then be supplied to the national power grid in 2022. The fisheries project will also employ hundreds of people in the area, bringing economic improvement to a relatively underdeveloped area of the country while sustaining a zero-carbon footprint. Direct WindtLimited (DWL) is the second renewable energy vertical in the conglomerate. DWL holds an Australian patented technology of an Omnidirectional Mini Wind Turbine capable of powering homes, telecommunication towers, and commercial buildings. DWL will be participating in upcoming wind energy tenders under the Government of Bangladesh. We are currently looking at tendered projects in Inani Beach, Cox’s Bazar and Chandpur for 50MW each.