– 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
the Small Power Producer (SPP) scheme, and reliable cash flows from long-term power purchase agreements (PPAs) with the Electricity Generating Authority of Thailand (EGAT) and reputable clients. (Please
a building and the installation of electricity-generating machinery at the exaggerated price of 58 million baht. Nongree Power Plants, approved by Mr. Bhusana, paid for the first instalment of 12.48
Energy Services Co.,Ltd. (Paju ES) (EGCO holds a 49.00% ownership interest), located in Gangdong-gu, Seoul, South Korea with a capacity of 19.80 MW. Gangdong will sell electricity to Korea Electric Power
consumption) NNP = Normalized net profit O&M = Operations and maintenance P.A. = Per annum PEA = Provincial Electricity Authority (Thailand) PPA = Power purchase agreement PTT = PTT Public Company Limited SG&A
businesses: 1. Power Generation 1.1 Local power generation Khanom Electricity Generating Co., Ltd. (KEGCO) IPP EGCO Cogeneration Co., Ltd. (EGCO Cogen) SPP Roi-Et Green Co., Ltd. (Roi-Et Green) Banpong
combined cycle cogeneration power that commenced COD on June 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
) successfully started commercial operation in October 2018. Therefore, total installed capacity of 3 SPP power plants which started commercial operation in 2018 is 399 MW which sell electricity to EGAT at 270 MW
Page 2 Management Discussion and Analysis 1. Power Industry and Competition 1.1 Electricity industry and Economic situation in Thailand Thailand’s economy expanded by 2.4 percent in 2019, lower than 2018
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