accordance with B.Grimm Power’s investment plan. These projects have received financial support by way of project financing from leading financial institutions. In additions, B.Grimm Power has maintained its

of benefits from a client’s derivatives trading; (2) a person with the controlling power over a client’s derivatives trading; or (3) a financial supporter of a client for the benefit of trading or

of financial institutions and debenture together with minimizing the impacts from full loan guarantee provided to Power Plant business and its high debt resulting in decreasing in debt to equity ratio

Power Synergy Public Company Limited (GPSC) (‘company’) has finished the financial activities in accordance with the company's financial deleveraging plan from the offering of newly issued ordinary shares

Generating Authority of Thailand (EGAT) and the PTT Group, and the company’s p rudent financial policy. The rating also reflects GPSC’s important role as a flagship company in the power business under the PTT

million as well as the increase in revenue from financial lease agreement of GPSC and GLOW by Baht 97 million. • Revenue of the company’s Small Power Producers (SPP) increased by Baht 8,947 million due to

Company received an honor award from The Asset, the leading financial magazine in Asia at The Asset Triple A Country Awards 2019 in the category of Best Cross-Border M&A Deal: Global Power Synergy PLC

and rendering of service of SPP decreased following the lower natural gas cost and maintenance cost. Power + Financial Lease (IPP) Power (SPP+VSPP) Steam Industrial water, Chilled water, Nitrogen and

significant influence or which has significant influence over the issuer. Significant influence over an enterprise is the power to participate in the financial and operating policy decisions of the enterprise

PowerPoint Presentation Management’s Discussion and Analysis (MD&A) For the Financial Result of Quarter 1 Year 2020 Ended March 31, 2020 B.GRIMM POWER PUBLIC COMPANY LIMITED Management’s Discussion