operation of the “Lom Ligor” wind power plant project, and the Solar Power Plant project in conjunction with the private floating solar “Bang Pa- In” . Furthermore, the company extended its investment into

” project in September 2019, the “Nam San 3B” project in February 2020, and the commencement of commercial operation of the wind power plant in Thailand, “Lom Ligor” . In spite of the aforementioned, the

million, 2.) sales equipment, and office equipment at THB 551 million, 3.) power plant work in progress at THB 853 million, 4.) business acquisition in Lom Ligor of BCPG Plc. at THB 174 million. 5.) with

, 5. ) business acquisition in Lom Ligor of BCPG Plc. at THB 174 million. However, there was a sale of assets of the company and its subsidiaries 48,09948,049 27,620 29,528 13,38510,465 19,32015,720

with minimal mass of clouds, leading to increase solar irradiation. Meanwhile in Thailand, the wind power plant project, “Lom Ligor” at Pak Panang district, Nakhon Si Thammarat province (PPA 8.965 MW

benefited from seasonal factors during the second quarter of every year that the sky is clear, with lowered clouds and fog. Whereas, the electricity sales of the “Lom Ligor” project adjusted downward, due to

project “Lom Ligor” in full quarter, combined with the realized performance from the hydro power plant project in Laos PDR, “Nam San 3A” which BCPG has acquired a 100% shareholding since late September

Management Discussion & Analysis of Business Operation Bangchak Corporation Public Company Limited For the year ended December 31st, 2018 Management Discussion and Analysis of Business Operation for FY2018 Bangchak Corporation Plc. I 2 Table of Content Management Discussion & Analysis of Business Operation 03 Executive Summary 05 Important Events 08 Statement of Income 10 Business Performance 10 Refinery & Trading Business Group 15 Marketing Business Group 17 Power Plant Business Group 19 Bio-Ba...