acquiring such shares from the other shareholders of GLOW. 4.1 Business Operation of GLOW3 GLOW is one of the largest private electricity generators and providers of industrial utilities in Thailand by

Province. Hin Kong Power Company Limited has signed a 25-year Power Purchase Agreement with Electricity Generating Authority of Thailand, with a schedule for commercial operation in 2024 and 2025

sales and rendering of services and cost of sales and rendering of services (excluding fuel costs). Also, the revenue from sales of Ratchaburi Electricity Generating Company Limited increased due to the

transaction in line with our strategic direction highlighted in the 2019 Capital Markets Day. On a proforma basis, this acquisition adds 25% to IVL’s 2018 core EBITDA and also adds 23% of additional

MD&A Q1Y2018 _E_ - 10.5.61 Ratchaburi Electricity Generating Holding PCL Management Discussion and Analysis For the 1 st Quarter Ended 31 March, 2018 Management Discussion and Analysis For the 1 st

Revenue Major revenue of The Group mainly came from revenue from transmission and telecommunication tower and revenue from sales of electricity. For the 6-month period of 2020, The Group reported revenue

the Electricity Generating Authority of Thailand (EGAT) to purchase crude palm oil continuously in the amount of 360,000 tons to be used as electricity which currently EGAT has bought 220,000 tons. The

increased in the same direction but the increased rate of the total operating expenses in Q2–2019 was much higher than those two compared quarters that were compared. It showed that the increased rate in

price. (4) In third quarter 2017, the Company electricity sale volume to grid decreased, due to annual maintenance. (5) In third quarter 2016, the Company recorded the extraordinary item which came from

าลงัการผลิตติดตั้งรวม 110.03 เมกะวตัต์ โดยสัญญาซ้ือขายไฟฟ้า มี ระยะเวลาขายไฟฟ้าให้กบั Electricity of Vietnam (“EVN”) เป็นเวลา 20 ปี ในอตัรารับซ้ือไฟฟ้า (Feed in Tariff หรือ FIT) ท่ี 0.0935 USD ต่อ