47.4% and 54.0%, respectively. Utilities & Power Business Q2 2017 Q2 2018 Increase/(Decrease) 1H 2017 1H 2018 Increase/(Decrease) THB mm THB mm THB mm % THB mm THB mm THB mm % Revenue 495.7 523.1 27.5
the land to develop projects. 6. Decrease in short-term loan to related parties of THB 114.8 mm, because of having loan repayment from the associates in power business. 7. Decrease in investment
%, compared to the same period of last year. The decrease in Normalized Share of Profit from Investment in Power Associates and Joint Ventures was mainly due to the reduction of AP from Gheco-1 according to PPA
operation on 28 December 2020. On the other hand, sales of natural gas power plant decreasing from decrease in unit rate which is adjusted in line with the decline in average natural gas price, thus sales
due to the decreased in revenue from solar cell implementation service from Combine Heat and Power Producing Company Limited (CHPP) as well as the decrease in revenue from chilled water following the
lower than in Q4/2016 by Baht 50 million or 26% due to the decrease in variable maintenance cost that is affected by the fewer number of operating hours at Sriracha Power Plant in 2017. The maintenance
causing the gross profit to slightly decrease by Baht 1 million. • IRPC Clean Power (IRPC-CP): The revenue in Q1/2018 was Baht 1,472 million, increased by Baht 523 million or 55% due to the COD of both
million, declined from the wind power plant business being affected by seasonal factors, while the geothermal power plant recorded a decrease in profit from one-time financial expense for debt refinancing
Baht 859 million or 17% as a result of GLOW’s power plants have reached the Contracted Availability Hours set out in the PPA in December 2019, resulting in the decrease of Availability Payment in Q4/2019