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RATCH endeavors for 7 joint venture projects in Thailand and internationally, Confident in 3 domestic projects, ready to expand into Japan and Cambodia Recorded BHT 4.2 Billion Profit in 1H14

·         The Board of Directors approved 7 investment projects.

·         Negotiating with partners for 3 joint venture projects in Thailand, 2 projects in Japan and a bidding project in Myanmar

·         Additional of 185 MW installed capacity will be expected and entering into transmission system business.

Nonthaburi: Ratchaburi Electricity Generating Holding PCL. (RATCH) today announced its investment plans for the final half of 2014 and operating performance in the first half. RATCH is negotiating for 7 joint venture projects; IPPs and SPPs, renewal energy and related business projects both domestic and abroad. The projects in Thailand included a cogeneration power plant and 2 refuse derived fuel power plant projects. Meanwhile, the overseas projects were 2 solar farms in Japan, a gas-fired combined cycle power plant in Myanmar and the 230 kV- transmission line project in Cambodia. The Board of Directors approved to participate in 7 investment projects and the agreements will be concluded at the end of this year.

Mr. Pongdith Potchana, the Chief Executive Officer of RATCH, disclosed that in this year the Company will receive more revenues from 3 invested projects, including Tri Energy power plant whose stakes were wholly acquired at the beginning of this year, Ratchaburi World Cogeneration Unit 1 power plant and Songkhla Biomass power plant. In the first 6-month of 2014, RATCH is under negotiation for additional 7 joint venture projects. If success, it will generate the corporate growth in terms of installed capacity and revenues, thus assuring its leadership in power generating business in Thailand and its competence to penetrate into new markets, such as Japan, Cambodia and Myanmar. That reflects the Company’s efforts to enhance its corporate value accomplishing the goal of BHT 282 billion or equivalent to 9,700 MW by 2023. Aside from additional investment in power generating projects, RATCH also focused on expanding its related business, including high-voltage transmission line business. Successful negotiation on 230 kV-transmission line project in Cambodia would drive the Company to be a Thai energy pioneer that invested in Cambodia and lead it to become the integrated energy company in Asia-Pacific as visioned.

“The negotiation of joint venture businesses with a 100-MW SPP cogeneration in Ratchaburi and 2 refuse derived fuel power plant projects in NongKhai and SamutPrakan Province will come to success very soon. These were initiated in response to the National Council for Peace and Order (NCPO)’s policy on promotion of the renewal energy development and the reuse of waste for power generation that will help ensure electricity security. It is feasible that RATCH will reach the joint venture agreement of total 39.8 MW solar power projects in Japanthat will pave the way for other joint-venture projects in Japan. Meanwhile, the project in Myanmar is also one of our major investment targets. At present, the Company is qualified for submitting the final proposal for bidding of the 200-MW gas-fired combined cycle power plant in Mandalay. The final result will be announced within October 2014,” Mr. Pongdith added.

For the Company’s operating performance in the first half of 2014, it recorded BHT 4.2 billion profit, or equivalent to the earnings per share of BHT 2.91. The total revenues amounted to BHT 27.02 billion which was received from sales and service revenue of BHT 21.6 billion. Meanwhile, the revenues from profit shared with jointly controlled entities were BHT 690.62 million. The interest received and dividend received amounted to BHT 120.22 million and BHT 145.66 million respectively.

For the financial status as of June 30, 2014, RATCH’s total assets amounted to BHT 98 billion and the retained earnings were BHT 45,584 million. On the part of credit rating, the Company was rated at Baa1 by Moody’s investors,   BBB+ by Standard & Poor's and AA+ by TRIS Rating which obviously reflected the solid financial status of the Company.   

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Public Relations Department
Wiwan Phayakvichien
Tel. 0 2794 9941
e-mail: wiwanp@ratch.co.th

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