2016 and 2017. The revenues from renewable energy are starting to contribute a significant portion of the profits since 2018 onward. Subsequently, on November 6, 2018, the Board of Directors of the

-year power purchase agreement with the Republic of Indonesia’s electricity authority, PT PLN (PERSERO). The Project is expected to commence commercial operation in 2021. Management Discussion and

– Non-operating income / (expense) B.GRIMM POWER PUBLIC COMPANY LIMITED Management’s Discussion and Analysis Q1’19 Q4’19 Q1’20 change change Btmn Btmn Btmn y-on-y q-on-q Electricity sales Sales to EGAT

cost management for electricity generation of our gas- fired power plants which contribute approximately 70% of our portfolio capacity. Land Lease Agreement for U-Tapao hybrid project On June 26, 2020

Thailand have been acquired in 2016 and 2017. The revenues from renewable energy are starting to contribute a significant portion of the profits since 2018 onward. Subsequently, on November 6, 2018, the

Generation Capacity of Nava Nakorn Electr icity Generating Company Limited Nava Nakorn Electricity Generating Company Limited (an indirect joint venture in which Ratchaburi Electricity Generating Company

Company having some costs in depreciation, electricity charge, and consumable supplies. Selling expenses The Company booked selling expenses amounting to Baht 0.49 million and Baht 0.98 million for the

cycle cogeneration power that commenced COD on October 1, 2018. It has an installed capacity of 133 MW and sells electricity to EGAT 90 MW under a 25-year PPA. The project was able to achieve COD as

budget. The projects already contributed Baht 183 million revenue in Q2’19 based on the 20-year PPA with Electricity of Vietnam (EVN) with tariff of USD 9.35 cent per kWh. DT1&2 solar projects and Phu Yen

of Baht 380.02 million, a net profit of Baht 12.92 million increased profits due to more efficient cost control. 1.2 The company’s income from energy business in Q2/2019 was Baht 85.19 million