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
future growth plans. In terms of the progress on Tender Offer of Glow Energy Public Company Limited (GLOW), after the company have completed the Mandatory Tender Offer from GLOW which ended on the 22nd May
future projects. In terms of the progress on Delisting Tender Offer of GLOW, the process was completed on 2 December 2019 and GLOW has been delisted from being listed on the Stock Exchange of Thailand on
million following the progress of EPC work. Revenue The revenue of Very Small Power Producer (VSPP) and others was at Baht 138 million in Q1/2019, which decreased by Baht 26 million or 16% from Q4/2018, and
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
and Analysis EXECUTIVE SUMMARY SIGNIFICANT EVENTS Announcement on Corporate Rating and Progress on Corporate Bond Issuance On April 5, 2018, TRIS Rating assigned the company rating of B. Grimm Power PLC
Operation Date EBITDA Earnings before Interest, Tax, Depreciation and Amortization FX Foreign Exchange Rate IPP Independent Power Producer PPA Power Purchase Agreement SPP Small Power Producer Projects
+ 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
Discussion and Analysis 1. Significant events in the first Quarter of 2020 1.1. The progress in construction projects - Gangdong Fuel Cell Project (Gangdong), a project of Paju Energy Services Co.,Ltd. (Paju
@egco.com Page 2 Management Discussion and Analysis 1. Significant events in the Second Quarter of 2020 The progress in construction projects - Gangdong Fuel Cell Project (Gangdong), a project of Paju