was mainly from the Company managing to reduce raw material costs due to cheaper sources of raw materials imported and the reduced energy. For the three-month period ended 30 September 2019, the selling

Thailand Absolute Clean Energy Public Company Limited (“the Company”), are pleased to provide you our management discussion and analysis for the year ended 31 December 2020 of the Company and the

-openings. However, towards the middle of the year, the rising inflation and continuous increase in energy costs limited private consumption and signaled a global economic slowdown, raising spending concerns

energy business incurred a gross loss because the company sold rooftop solar power to tenants of building space within the Wincoast Industrial Park as Page 3 of 4 only one project, capacity 0.75 megawatts

SUPER: SUPER ENERGY CORPORATION PUBLIC COMPANY LIMITED SWC: SHERWOOD CORPORATION (THAILAND) PUBLIC COMPANY LIMITED TAN: Tanachira Retail Corporation Public Company Limited TBN: TBN Corporation Public

with the installed capacity of 42.50 megawatts in Australia. (RAC held 100 percent stake in the Project). The Project has Power Purchase Agreement Braemar Power Projects, a subsidiary of Alinta Energy

operating cost was driven mainly by the well-managed utility costs and CPN’s proactive energy savings implementation such as installation of Solar rooftop and innovative utility saving technologies and

before Interest, Taxes, Depreciation and Amortization EDL = Electricite Du Laos EGAT = Electricity Generating Authority of Thailand ERC = Energy Regulatory Commission EPC = Engineering, Procurement and

project, which delays due to change in policy on procedure and the license approval process of the licensing agency, which is the Department of Energy, Ministry of Energy, the Phillipines. It is still in

four companies that are Asia Patana Land Co., Ltd (AP), Industrial Waste Management (Asia) Co., Ltd (IWMA). , Genco Renewable Co., Ltd (GR). And Genco Clean Energy Co., Ltd (GC). AP is in real estate