full quarter of recognizing gross profit from GLOW’s SPP plants of Baht 2,389 million. As for the company’s SPP plants, gross profit decreased by Baht 274 million due to the 10% growth of cost of natural
margin decreased 5% from Q1/2018, because of the growth rate of natural gas price and the rise in finance cost from interest payment and short-term loan financing fee related to the acquisition of GLOW
plants of Baht 2,340 million. As for GPSC’s SPP plants, gross profit decreased by Baht 38 million due to the growth of cost of natural gas following the rise in both quantity required and average price. In
, decreased by Baht 153 million or 15% from Q2/2018. The drop was due to the rise in natural gas prices while Fuel tariff (Ft) rate remained constant; therefore, the gross profits of Rayong Central Utility
of natural gas corresponding to the crude oil price in the world market, the new accounting standard (Thai Financial Reporting Standard) regarding the financial instruments (TFRS 9) and the lease
plants, gross profit increased by Baht 103 million due to the increase in electricity sales volume resulting in the increase in revenue from selling electricity while the average natural gas price per unit
million decrease from GLOW SPP) mainly from lower average natural gas price and lower natural gas consumption corresponding to operational management of existing capacity to meet industrial customers
of IRPC Clean Power Phase 2 (IRPC-CP Phase 2) in November 2017, in which GPSC holds 51% equity, has expanded the electricity generating capacity allowing the company to increase the volume of
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
(NL1PC). However, the company’s net profit in 2018 did not increase significantly because natural gas prices had increased substantially in the second half of 2018 while the Fuel tariff rate (Ft) almost