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

– 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

detail, please contact Investor Relations Section of the Electricity Generating Public Company Limited at Tel: 662-998-5145-8 or Email: ir@egco.com Page 2 Management Discussion and Analysis 1. Significant

%) Raw Water 101.02 65.16 (35.85) (35.49%) Electricity 208.67 191.91 (16.76) (8.03%) Depreciation 147.91 145.85 (2.06) (1.39%) Maintenance 21.61 24.98 3.37 15.58% Others 103.79 64.49 (39.30) (37.86%) Gross

Raw Water 262.24 247.94 (14.30) (5.45%) Raw Water 34.47 33.58 (0.89) (2.59%) Electricity 111.18 81.12 (30.05) (27.03%) Depreciation 72.35 74.33 1.98 2.73% Maintenance 10.55 20.18 9.64 91.38% Others

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

information for any purpose. For further detail, please contact Investor Relations Section of the Electricity Generating Public Company Limited at Tel: 662-998-5150-2 or Email: ir@egco.com mailto:ir@egco.com

any purpose. For further detail, please contact Investor Relations Division of the Electricity Generating Public Company Limited (EGCO) at Tel: 662-998-5150-3 or Email: ir@egco.com Page 2 Management

any purpose. For further detail, please contact Investor Relations Division of the Electricity Generating Public Company Limited (EGCO) at Tel: 662-998-5150-3 or Email: ir@egco.com mailto:ir@egco.com