to consider and approve the authorization to the Board of Directors or persons authorized by the Board of Directors to conduct any actions in relation to the Transaction on the Investment in the

Operation Date EBITDA Earnings before Interest, Tax, Depreciation and Amortization FX Foreign Exchange Rate IPP Independent Power Producer PPA Power Purchase Agreement SPP Small Power Producer Projects

Page 2 Management Discussion and Analysis 1. Significant events in the second Quarter of 2019 1.1 The progress in construction projects - Xayaburi Project, a project of the Xayaburi Power Company Limited

orders of derivatives and shares in large volumes without the client’s authorization. When the client’s account suffered a large amount of loss, {A} tricked the client into depositing more cash into the

} assured his colleague that it was the client’s decision. Therefore, the transaction had been executed. However, when the authorization documents were brought to the client for signature, the client

Collinsville Solar Power Project on December 12, 2018 and March 21, 2019, respectively, and the acquisition of RATCH Cogeneration Company Limited on October 1, 2019.These resulted in the increase in revenue from

PowerPoint Presentation MANAGEMENT DISCUSSION & ANALYSIS (MD&A) Q4/2017 and FY2017 GLOBAL POWER SYNERGY PUBLIC COMPANY LIMITED THE INNOVATIVE POWER FLAGSHIP OF PTT GROUP Management Discussion

infrastructure asset is made in a greenfield project, the total value of investment in the greenfield project shall not be more than 30 percent of the trust’s asset value; (b) the authorization process shall be in

Korea Electric Power Corporation (KEPCO), the sole off-taker of wholesale power generation in South Korea, through the Korea Power Exchange (KPX). Gangdong also sells thermal energy, and receive renewable

Section 14 Securities and Exchange Act B.E. 2535 Section 14. The SEC shall have the power and duty to formulate policies to promote and develop, as well as to supervise, matters concerning securities