industrial waste to energy power plant project located at Ratchaburi Industrial Estate and operated by Progress Interchem (Thailand) Co., Ltd. (“Interchem”) with a contracted capacity of 4.0 MW (an installed
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
and target to commence COD and record revenue in December 2018. Nam Che 1 Hydro Power Plant (Run of the river) with an installed capacity of 15 MW have 92.6% construction progress. The COD schedule has
remaining PPA period of 21 years). Progress of projects under construction Ray Power, solar project in Cambodia, with an installed capacity of 39 MW had 20.0% construction progress. The SCOD in October 2020
from our first hydro power projects – XXHP – achieved COD in August 1, 2017 with an installed capacity of 20 megawatts. ABBREVIATION & OUR PROJECTS FINANCIAL PERFORMANCE FINANCIAL POSITION PROGRESS OF
year. Nam Che 1 Hydro Power Plant (Run of the river) with an installed capacity of 15 MW has 87.6% construction progress targeted to commence COD on December 1, 2018. ABBREVIATION & OUR PROJECTSFINANCIAL
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) – Vietnam
policy is no less than 40% of Normalized net profit (NNP). Progress of projects under construction Ray Power, solar project in Cambodia, with an installed capacity of 39 MW had 35.9% construction progress
practices regularly monitored and reported. Projects under construction are on track Nam Che 1 Hydro Power Plant (Run of the river) with an installed capacity of 15 MW has 98.9% construction progress. The
FINANCIAL PERFORMANCE FINANCIAL POSITION PROGRESS OF PROJECTS UNDER CONSTRUCTION 3 * primarily include the construction revenue recognizes based on the percentage of completion of hydro power projects in Lao