gas-fired combined cycle cogeneration power that commenced COD on February 1, 2018. It has an installed capacity of 133 MW and sells electricity to EGAT 90 MW under a 25-year PPA. The Project was able
before Interest, Taxes, Depreciation and Amortization EDL = Electricite Du Laos EGAT = Electricity Generating Authority of Thailand ERC = Energy Regulatory Commission EPC = Engineering, Procurement and
Discussion and Analysis EXECUTIVE SUMMARY SIGNIFICANT EVENTS New Capital Structure and Use of Proceed from IPO Regarding our IPO, we received net proceed from IPO in the amount of Baht 11,078 million composing
in one subsidiary’s financial statements as the administrative expense of THB 28.70 million to investment in capital increase in the Joint Venture. ▪ An increasing participating profit from investment
) successfully started commercial operation in October 2018. Therefore, total installed capacity of 3 SPP power plants which started commercial operation in 2018 is 399 MW which sell electricity to EGAT at 270 MW
gross profits. The company is in the process of introducing other types of products that can generate profits for distribution. Including the expansion of the business of selling electricity from solar
analysis, our cash flow is expected to remain strong with no impact on debt repayment and CAPEX plan. Furthermore, the company is receiving additional working capital facilities by approximately THB 4
investors therefore, for this transaction, the Company will invest in The Megawatt Company Limited (the “Joint Venture”), at the ratio of 28.36% of the total registered capital of this Joint Venture
the Small Power Producer (SPP) scheme, and reliable cash flows from long-term power purchase agreements (PPAs) with the Electricity Generating Authority of Thailand (EGAT) and reputable clients. (Please