Ratchaburi Electricity Generating Holding PCL.
13
Mr. Kurujit Nakornthap
Chairman of the Board of Directors
Apart from stable base in Thailand, the Company has firmly established its business and continuously
increased production capacity in Lao PDR and Australia. These overseas investments have strengthened
the Company’s financial position. The initial assets of Baht 36,947 million in 2000 when the Company was
established have now increased by approximately 2.41 times to Baht 88,903 million this year. Its market
capitalization has also increased from Baht 18,850 million at inception to Baht 71,050 million at present.
Considering power generation capacity, the total volume grew by 5,073 MW from 1,470 MW in 2000 to
6,543 MW or 4.45 times.
Considering themore intense competition, the Company finds a great challenge tomaintain its leadership
in the power generation business. To succeed in this circumstance, the Company has reviewed and adjusted
its strategic business plan to drive sustainable growth. In late 2013, the Company prepared a 10-year strategic
business plan (2014-2023) through brainstorming sessions among its employees across all levels, fromdirectors
to the management and operation level staff members.
The new strategic business plan has been considered and agreed by the Board of Directors. Under this
plan, the Company’s vision is “to be a leading value-oriented integrated energy company in Asia-Pacific”.
To materialize the vision, the Company has to optimize current projects’ capacity, increase investment in
Lao PDR and Australia which are its existing business bases, and will continue to expand its investment
in the power business in other countries in ASEAN as well as the Asia-Pacific. The Company will also seek
investment opportunities in power generating related businesses, from upstream to downstream, including
fuel sourcing for power generating business, distribution system business, power sales business, etc. The plan
will be implemented in 2014 and the Company is confident that it will be able to successfully maintain
leadership in the power generating business, thanks to its corporate capability and employees’ competence
as well as strong financial position.
In terms of management and operation, good corporate governance principle and responsibility towards
its stakeholders, society and the environment have remained in focus. In 2013, the Company has improved
its operation process within sustainable development framework and has started to prepare Corporate Social
Responsibility Report according to the Global Reporting Initiative guideline.
Our ability to drive continuous growth throughout these years is a clear testimony for our capability, hard
work and contribution fromeveryone, fromthedirectors to themanagement andemployees. Great support and
cooperation from shareholders and stakeholders are also crucial to the achievement we have enjoyed today.
On behalf of the Board of Directors, I wish to thank all of you for bringing Ratchaburi Electricity Generating Public
CompanyLimitedtothis success andstrengtheningour leadership in theelectricitygeneratingbusiness inThailand.
Sincerely yours,
