procurement of project site location and rendering of related services to clients who operate 17 solar power projects in Thailand, and (2) revenues from the sale of electricity from its own solar power project

25.95 1,140.20 165.56 1,266.82 Revenue from sales electricity 90.50 89.30 - - 90.50 89.30 Revenue from sales and services 4.67 3.53 - 1,120.54 4.67 1,124.07 Dividend income 32.34 - - - 32.34 - Other

-year power purchase agreement with the Republic of Indonesia’s electricity authority, PT PLN (PERSERO). The Project is expected to commence commercial operation in 2021. Management Discussion and

the period ended 31 March 2023 and 2022 are presented below: Q1-2022 Q1-2023 Sales and service income THB Mn THB Mn THB Mn % Sales of electricity - FiT, base tariff and Ft 806.7 851.2 44.5 5.5% FiT

buildings has progressed by more than 84.63% of the total construction. At present, the project is in the process of the development of utility system including the electricity, water supply, communication

recognized a provision of employee benefit for retirement amount THB 116 mn including GLAND retroactive adjustment amount THB 15 mn which are classified under administrative expenses. • In 1Q19, CPN sold a

profit decreased by Baht 128 million mainly due to the decrease in steam sales volume of Rayong Central Utility Plants (CUP) and IRPC Clean Power (IRPC-CP) decreased, even though the electricity sales

which are classified under administrative expenses. • In 4Q19, the Company sold shares of CPN Village Company Limited, a subsidiary, to Mitsubishi Estate Asia Pte. Ltd. (“MEA”) with 30% ownership stakes

E_1 Legal_FA_2015_12_29-c A CorpL4.1hig A Executive Summary of Management Discussion and Analysis 1 For the Year Ending December 31, 2019 Thai economy in 2019 showed decelerating growth at 2.4 percent compared to 4.2 percent in the previous year.The slowdown could be attributed to exports which contracted further due to the stronger Baht and a global economic slowdown. In addition, the investment environment of both the public and private sector remained weak, and private consumption, albeit gro...

“infrastructure business” means the following businesses: (a) rail or pipe transportation system; (b) electricity; (c) water supply; (d) road, toll road or concession road; (e) airport; (f) deep sea port; (g