SAAM Energy Development Public Company Limited - 1 - 21 February 2020 Subject: Management Discussion and Analysis for the year ended 31 December 2019 To: The President The Stock Exchange of Thailand
. • Long-term borrowings from financial institutions decreased by Baht (35.42) million, which mainly comes from the repayment of long-term borrowing in the solar energy business. The group’s equity increased
service of electricity engineering. • Property, plant and equipment has increased Baht 30.22 million, as a result of assets for solar energy. • Restricted cash decreased by Baht 6 5 . 2 4 million because
/2019 regarding the Acquisition and Disposition of Assets of the Company due to the investment in Energy Revolution Company Limited. Attention: President, The Stock Exchange of Thailand According to the
/2019 regarding the Acquisition and Disposition of Assets of the Company due to the investment in Energy Revolution Company Limited. (Revised) Attention: President, The Stock Exchange of Thailand
mainly from 5SPPs (Gulf VTP, Gulf TS1, Gulf TS2, Gulf TS3 and Gulf TS4) operating their first full year after COD in 2017 Alternative Energy For 2018, Solar Rooftop Projects (3.9 Equity MW) generated
. Renewable Energy For 1Q2019, Solar Rooftop Projects (4.6 Equity MW) generated Baht 2.6 million of Revenue and Share of Profit to WHAUP of which 0.5 MW just achieved COD in February 2019. WHAUP is a
Seven Utilities and Power Public Company Limited (“The Company” or “7UP”) held on June 25, 2019, the Meeting has approved for the investment in Pracharath Project for 3 Southern Provinces. Ferrum Energy
investment in Pracharath Project for 3 Southern Provinces. Ferrum Energy Co., Ltd. (“Ferrum Energy”) shall invest for this amalgamation. Ferrum Envergy is the subsidiary of Ferrum Capital Co., Ltd. (“Ferrum