Capacity Electricity 133 MW / Steam 30 t/h Economic Ownership 55.5% COD 1 Feb 2018 EGAT PPA 90 MW / 25 years % Progress 100.0% COD on 1 Feb 2018 Amata B.Grimm Power (Rayong) 4 Type of Fuel Combined Cycle

High Net Worth investors and 3) tentative issue date in May 2018 Progress on development of solar projects in Vietnam BGRIM has agreed to develop large-scale solar power plants with an installed capacity

, the largest under- development solar project in ASEAN, and Phu Yen TTP (Phu Yen Project) with an installed capacity of 257 MW in Vietnam have construction progress of 60.7% and 50.0% respectively. Both

to IU portion. Development of Solar Projects ERC has announced the qualified project sponsors to enter into Power Purchase Agreement with the electricity distribution authorities (Metropolitan

PROJECTSEXECUTIVE SUMMARY FINANCIAL PERFORMANCE FINANCIAL POSITION PROGRESS OF PROJECTS UNDER CONSTRUCTION 3 B.GRIMM POWER PUBLIC COMPANY LIMITED Management’s Discussion and Analysis Electricity Sales to Industrial

MW, the largest under- development solar project in ASEAN, and Phu Yen TTP (Phu Yen Project) with an installed capacity of 257 MW in Vietnam have construction progress of 94.3% and 87.5% respectively

FINANCIAL PERFORMANCE FINANCIAL POSITION PROGRESS OF PROJECTS UNDER CONSTRUCTION 3 B.GRIMM POWER PUBLIC COMPANY LIMITED Management’s Discussion and Analysis Electricity Sales to Industrial Users (IUs

and Analysis EXECUTIVE SUMMARY ABBREVIATION & OUR PROJECTSFINANCIAL PERFORMANCE FINANCIAL POSITION PROGRESS OF PROJECTS UNDER CONSTRUCTION EXECUTIVE SUMMARY 1 2019: A remarkable year with 40% capacity

Discussion and Analysis EXECUTIVE SUMMARY SIGNIFICANT EVENTS ABBREVIATION & OUR PROJECTSFINANCIAL PERFORMANCE FINANCIAL POSITION PROGRESS OF PROJECTS UNDER CONSTRUCTION EXECUTIVE SUMMARY 1 MOU signing with

presented in Figure 2 Figure 2 The country’s contracted capacity of electricity in 2019 classified by producers (source: EGAT, EPPO and Department of Alternative Energy Development and Efficiency (DEDE