percent to 100 percent. 1.4 The Collapse of the Saddle Dam of Xe-Pian Xe-Namnoy Hydroelectr ic Power Project On July 23, 2018, the Saddle Sam D of Xe-Pian Xe-Namnoy Hydroelectric Power Project, located in

). Management Discussion and Analysis For the Year Ended December 31, 2018 Page 3 1.5 The Collapse of the Saddle Dam of Xe-Pian Xe-Namnoy Hydroelectric Power Project On July 23, 2018, the Saddle Sam D of Xe-Pian

damage. The main structure of the Power Plant was not affected. Currently, all 3 units started electricity generating operation normally. 1.12 Commercial Operation of Xe-Pian Xe-Namnoy Hydroelectric Power

RATCH-Australia Corporation Limited, a subsidiary located in Australia, had increased in the total amount of AUD 51.47 million. 4.1.2 The Company additionally invested in Xe-Pian Xe-Namnoy Power Company

40 percent, increased in the amount of Baht 95.27 million since the power plant has commenced commercial operation on September 3, 2016. 3.1.3 The loss of Xe-Pian Xe-Namnoy Power Company Limited, an

million as the power plant has commenced commercial operation on June 3, 2016. 2.1.3 The loss of Xe-Pian Xe-Namnoy Power Company Limited, an under construction joint venture, in a portion of 25 percent, was

derivatives and hedge accounting, relating to Expenditure Hedging, resulting in decrease of foreign exchange effect. (2) The share of loss from Xe-Pian Xe-Namnoy Power Company Limited (“PNPC”), a joint venture

of the same period of the previous year. 2.2.3 The loss of Xe-Pian Xe-Namnoy Power Company Limited, an under construction joint venture, in a portion of 25 percent, was Baht 95.19 million in the 1 st

: Management Discussion and Analysis For the Three-month and Nine-month Periods Ended 30 September, 2019 Page 10 3.4.1 The share of loss from Xe-Pian Xe-Namnoy Power Company Limited (“PNPC”), a joint venture