due to the decreased in revenue from solar cell implementation service from Combine Heat and Power Producing Company Limited (CHPP) as well as the decrease in revenue from chilled water following the

solar cell implementation service from Combine Heat and Power Producing Company Limited (CHPP) as well as the increase in maintenance cost leading to a fall in gross profit. The gross profit of the

from Ichinoseki Solar Power 1 GK (ISP1) and the decrease in revenue of solar cell implementation service from Combine Heat and Power Producing Company Limited (CHPP) following the existing projects. The

increase in electricity sales volume of IRPC Clean Power (IRPC-CP) as in Q1/2018, there was a planned maintenance shutdown of Gas Turbine Generator (GTG) and Heat Recovery Steam Generator (HRSG) for 20 days

million mainly due to the decreased in revenue from Combine Heat and Power Producing Company Limited (CHPP) by Baht 19 million as a result of the lower revenue from solar cell implementation; despite the

PowerPoint Presentation Management’s Discussion and Analysis (MD&A) For the Financial Result of Quarter 2 Year 2020 Ended June 30, 2020 B.GRIMM POWER PUBLIC COMPANY LIMITED Management’s Discussion

acquisition completion on 26 March 2020 and increased revenue from electricity sales of Ichinoseki Solar Power 1 GK (ISP-1) due to higher light intensity than in Q2/2019. Besides, other income of Combine Heat

Page 2 Management Discussion and Analysis 1. Power Industry and Competition 1.1 Electricity industry and Economic situation in Thailand Thailand’s economy expanded by 2.4 percent in 2019, lower than 2018

-kW floating solar installed at PTT Tank Terminal Company Limited in Map Ta Phut, Rayong. GPSC, as a power flagship of PTT Group, has commission Combined Heat and Power producing Company Limited (CHPP

of IRPC-CP and ISP1 after start-up operation in Q4/2017 and the increase in revenue of the Combine Heat and Power Producing Company Limited (CHPP) from solar panel installation services on gas station