the increased in sales volume. Even though the dispatch instruction from EGAT increased, but the sales proportion during peak time decreased. Gross profit of Small Power Producer (SPP) in Q3/2019 was

Profit in Q4/2019 Small Power Producer (SPP) Baht 3,468 million (74%) Independent Power Producer (IPP) Baht 1,141 million (24%) Very Small Power Producer (VSPP) and others Baht 73 million (2%) 4,682

Offeror : (ๅ) Miss Satita Viddayakorn (2) Dr. Satit Viddayakorn (3) Peak Development Holdings Ltd. | Date of submission of the Statement of Intention : 20/10/2016

Offeror : (ๅ) Miss Satita Viddayakorn (2) Dr. Satit Viddayakorn (3) Peak Development Holdings Ltd. | Date of submission of the Statement of Intention : 01/11/2016

performance after the acquisition of GLOW including Independent Power Producer (IPP), Small Power Producer (SPP) and Very Small Power Producer (VSPP) and Others. For Q2/2019, the adjusted net income was at Baht

gross profit for Small Power Producer (SPP) increased as a result of the lower natural gas and coal price, following the world crude oil price. In addition, the maintenance cost fell as there were no

capacity with existing high portions of Small Power Producer (SPP). GPSC will gain benefit in terms of synergy value, through reinforcing the business strength in terms of capacity growth as there will be an

million, increased by Baht 475 million or 82% from Q4/2018, and NNP margin increased by 2% as there was a major overhaul of the Independent Power Producer (IPP) in Q4/2018 compared to Q1/2019. Also, NNP

+ Financial Lease (IPP) Electricity (SPP+VSPP) Steam QoQ -1% YoY -9% Industrial & chilled water, nitrogen and others Cost of Sales (THB million, %) QoQ -4% YoY -11% Executive Summary Small Power Producer (SPP

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