affected company's results of operations include (i) coal price and gas price that continued to drop further from previous quarter resulting in lower costs of sales and (ii) COVID-19 pandemic. Based on our

installed capacity of 24,000 megawatts, which are primarily from coal-fired power. Peak demand in the Philippines is expected to increase 5.4 percent annually. The Philippines plan to expand its capacity by

Excavation 3 Soil and Coal Milling Project at Mae Moh Mine, Contract No.6 decreased. Due to heavy rain in the project area, the operation could not be done at full capacity resulting in the loss from regular

million from the recognition of GLOW’s performance, reflecting strong growth in both the operation of the two businesses and the Company’s net profit, which increased by Baht 659 million. Executive Summary

overview of electricity situations for each country is briefed below. - The Philippines The Philippines’s installed capacity is approximately 21,000 megawatts, which are mainly from coal-fired power plants

made a strong start to the year, with improvements in production volumes and margins across all segments and geographies. This performance is a result of our long-term investment strategy, the

shares had been traded with the new par starting July 13, 2017.  As of the end of 2Q2017, we had Baht 7,206.3 million of Net Interest-Bearing Debt. Our financial position is strong as reflected from the

a 49% ownership interest.), is a 500 MW supercritical coal-fired power plant, in Mauban, Quezon province of Republic of the Philippines. 455 MW of the plant’s capacity and energy are contracted to the

-One coal-fired power plant, which account for 67% of the total Normalized Net Income decrease. In 2Q2020, GHECO-One continued solid operating performance with zero unplanned outage in 2Q2020. However

water, Chilled water, Nitrogen and Others Unit: Million Baht Unit: Million Baht Natural gas(IPP) Natural gas (SPP+VSPP) Other raw materials Coal Maintenance costs Others Comparing Q3/2019 vs Q2/2019