Company's Business

The Company operates its core business as a holding company, engaging in production and sales of electricity from various types of energy, both in Thailand and overseas. The Company’s core revenue as shown in the consolidated financial statements is derived from revenue from sales of electricity and steam (including electricity tariff adders) and project management income. As at December 31, 2018, the Company has the total installed capacity of 2,167 MW, comprising 875 MW of commercially operational projects and 1,292 MW of projects under construction.

The Company classifies its investments in the electricity production and distribution business into three business sectors as follows:

1. Hydroelectric Power Projects:
   • Nam Ngum 2 Hydroelectric Power Project (“Nam Ngum 2 Project”)
   • Xayaburi Hydroelectric Power Project (“Xayaburi Project”)
2. Cogeneration Power Projects:
   • Bangpa-in Cogeneration Power Project 1 (“BIC1”)
   • Bangpa-in Cogeneration Power Project 2 (“BIC2”)
3. Solar Power Projects:
   • Bangkhenchai Solar Power Project (“Bangkhenchai Project”)
   • Chiangrai Solar Power Project (“Chiangrai Solar Project”)
   • Nakhon Ratchasima Solar Power Project (“Nakhon Ratchasima Solar Project”)
   • Phachi Solar Power Project in Phra Nakhon Si Ayutthaya Province (“Phachi Project”)
   • Banglen Solar Power Project in Nakhon Pathom Province (“Banglen Project”)
   • Phutthamonthon Sai 5 Solar Power Project in Nakhon Pathom Province (“Phutthamonthon Sai 5 Project”)
   • Mahachai Solar Power Project in Samut Sakhon Province (“Mahachai Project”)
   • Krathum Ban Solar Power Project in Samut Sakhon Province (“Krathum Ban Project”)
   • Khlong Preng Solar Power Project in Chachoengsao Province (“Khlong Preng Project”)