was mainly caused by the reduction of input tax of solar cell and equipment for solar energy which has been gradually deducted from output tax during the 6 months. • Other non-current assets decreased

deliver on time. Other current liabilities of the Q4 – 2019 increased form the Q4 – 2018 representing by 35.0 MB or 58.3%, mainly due to the increased unpaid output tax of service income, which was in the

Certificates (REC) concerning its electricity generation output. The construction of the project has progressed 91.55% (The construction plan was 91.52%). The commercial operation date is scheduled in the fourth

Renewable Energy Certificates (REC) concerning its electricity generation output. The construction of the project has progressed 97.99% (The construction plan was 97.46%). The commercial operation date is

Business Group recorded an average production rate of 66.80 KBD (56% utilization rate), which declined, coinciding with the 2018 planned turnaround maintenance TAM (period between 30th April – 13th June

recorded an average production rate of 118. 82 KBD (99% utilization rate) which is considered as a record all-time high for average production rate in any quarter in the history of the Bangchak refinery

2017 Bangchak Corporation Plc. Table of Contents 7 9 09 8 Refinery Business 13 Marketing Business 14 Green Power Business 16 Bio-Based Products Business 18 Exploration & Production Business 22 26 24

and Trading Business Group recorded an average production rate of 109.35 KBD, a level adjacent to plan, Market GRM improved from the previous quarter, while Total GRM declined, primarily due to the

due to the efficient cost management in the production of electricity and steam from the Cogeneration power plants. Throughout Q1/2018, the Sriracha Power Plant, which is a Independent Power Producer

energy usage to deliver reliable output to customers. The acquisition of GLOW will build up network of utility production and distribution which will enhance reliability and stability of the system