, and the strong market competition had forced the company to offer alternative products with cheaper unit price for several major projects resulted in lower sale revenue from the projects, as a result
realized in following quarters. The decline of Wholesale/Retail Sale Activities to 169 million Baht was a result of the weakening purchasing power and the increasing market competition. The Export Sale
situation in those targeted countries. Figure 2 EGCO’s equity contracted capacity of electricity in 2018 classified by country 1.3 Competition Overall picture in 2018 illustrated the active movements of power
Page 2 Management Discussion and Analysis 1. Power Industry and Competition 1.1 Electricity industry and Economic situation in Thailand Thailand’s economy expanded by 2.4 percent in 2019, lower than 2018
, power generation from renewable energy in Taiwan is expected to be 27,000 megawatts. 1.3 Competition Overall picture in 2017, power industry in Thailand had intensified competition. Electricity purchase
had a higher impact from the decline in domestic purchasing power leading to lower prepaid usage despite an increase in tourism-related income. Competition remained intense with the market continued
energy in the form of PPA (Power purchase agreement) that has started business since February 2024, which has the nature of business operations. The company is the investor in installing the solar cell
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