Bangchak Corporation Plc. Management Discussion & Analysis of Business Operation For Quarter 1/2020 11 - Refinery & Trading 16 - Marketing 19 - Power Plant 21 - Bio-based Products 23 - Natural

investors. The proceeds will be used to support financing of Rayong Waste to Energy (WTE) project and solar power plant projects as parts of GPSC’s plan to scale up our renewable businesses. GPSC’s senior

power plant in Buriram province which is during the repairing the damages of equipment during the power generation therefore resulting in decline of gross profit. (3) Expenses The company and its

more volume in selling High Tensile Steel, Electricity however there is burden on cost of Buriram Power Plant (during the repairmen of equipment which damage during power generation process which lead to

proportion 6.40 percent 29/09/2020 17:50 Notification of the disposal of 3 power plant projects in Japan (Amendment) 28/09/2020 17:36 Notification of the postponing the date of the Extraordinary General

due to the efficient cost management in the production of electricity and steam from the Cogeneration power plants. Throughout Q1/2018, the Sriracha Power Plant, which is a Independent Power Producer

company increased by Baht 1,154 million or 118% from Q4/2018 and increased by Baht 646 million or 43% from Q1/2018. The increase was mainly due to improved operating results of the Sriracha Power Plant and

Q4/2019 or 38%. This increase contributed mainly from the increase in Availability Payment (AP) from Sriracha Power Plant corresponding to the depreciation of Thai Baht against US Dollar, while the

power plant. Moreover, The Philippines set target renewable energy generation of 15,000 megawatts and 20,000 megawatts by 2030 and 2040 respectively, which emphasis on power generation from hydropower

Plants (CUP 1-3) and IRPC Clean Power (IRPC-CP) declined. Additionally, there was a decrease in revenue from Availability Payment (AP) of Sriracha Power Plant due to a lower Weight factor during the rainy