and expect the construction to be completed and the scheduled commercial operation date to take place within year 2023, pursuant to the resolution of the Board of Directors’ Meeting No. 3/2020 dated 25
sales increased 3 Million kWh (+5%) from the Solar Co-op projects (PPA 12 MW) which completed commercial operation commencement of all phases in March 2017, Management Discussion and Analysis of Business
Industrial Estate. • GPSC holds 25% of total shares. • Total investment: Baht 5,340 million The project has been 100% completed. Commercial Operation Date (COD) was on 29 June 2017. Ichinoseki Solar Power 1GK
approximately 25 percent). The capacity expansion project began construction in September 2018 and is expected to be completed and commence commercial operation approximately in September 2020. After the
newly set up company, Carnival Magic Company Limited (“Carnival Magic”) for the construction and operation of Carnival Magic Project. Carnival Magic is an indirect subsidiary of the Company, owned by
(Three hundred one million two hundred and fifty thousand baht) Project period 2020-2022 (3 years) has been completed. Regarding the business operation and progress tracking of the Company, the Company
valuation methodology assuming the construction has completed by estimating the business operation (revenue and expense) of the Company in the next 10 years and used the discounted cash flow method by
operation of Carnival Magic Project. Carnival Magic is an indirect subsidiary of the Company, owned by Phuket Fantasea Public Company Limited (“Phuket Fantasea”), the Company’s subsidiary with 99.92
future growth plans. In terms of the progress on Tender Offer of Glow Energy Public Company Limited (GLOW), after the company have completed the Mandatory Tender Offer from GLOW which ended on the 22nd May