Ratchaburi Electricity Generating Holding PCL.
179
Ratchaburi Electricity Generating Holding Public Company Limited and its subsidiaries
Notes to the financial statements
58
Investment in Solar Power (Korat 4) Company Limited
At the extraordinary shareholders’ meeting of Solar Power (Korat 4) Company Limited, a jointly-
controlled entity, held on 7 June 2013, the shareholder approved to increase the authorised share
capital from Baht 175 million
(comprising 17.50 million ordinary shares at par value of Baht 10 per
share)
to Baht 199.25 million
(comprising 19.925 million ordinary share at par value of Baht 10 per
share)
by issuance of ordinary shares totalling 2.425 million shares at par value of Baht 10 per share.
Such jointly-controlled entity called for the share capital at Baht 6 per share amounting to Baht 5.82
million, in the proportion of investment of 40%. As at 31 December 2013, the Company had
commitment for the remaining unpaid share capital of Baht 3.88 million.
Investment in Solar Power (Korat 7) Company Limited
At the extraordinary shareholders’ meeting of Solar Power (Korat 7) Company Limited, a jointly-
controlled entity, held on 7 June 2013, the shareholder approved to increase the authorised share
capital from Baht 162.50 million
(comprising 16.25 million ordinary shares at par value of Baht 10
per share)
to Baht 188.75 million
(comprising 18.875 million ordinary share at par value of Baht 10
per share)
by issuance of ordinary shares totalling 2.625 million shares at par value of Baht 10 per
share. Such jointly-controlled entity called for the share capital at Baht 6 per share amounting to Baht
6.30 million, in the proportion of investment of 40%. As at 31 December 2013, the Company had
commitment for the remaining unpaid share capital of Baht 4.20 million.
Investment in Songkha Biomass Company Limited
At the Board of Directors meeting of Songkha Biomass Company Limited, a jointly-controlled entity,
held on 13 March 2013, the Board approved to call for the additional paid-up share capital totalling
1.65 million shares at par value of Baht 100 per share of Baht 50 per share. The Company paid for the
share capital amounting to Baht 33 million, in the proportion of investment of 40%. As at 31
December 2013, the Company has commitments for the remaining unpaid share capital of Baht 33
million.
Investment in Xe-Pian Xe-Namnoy Power Company Limited
On 23 March 2012, the Company and the joint developer had completed the registration of Xe-Pian
Xe-Namnoy Power Company Limited (a jointly-controlled entity) in order to jointly operate a power
plant under the policies and laws of Lao People’s Democratic Republic. The registered capital of such
company was U.S. Dollars 50 million
(comprising 500,000 ordinary shares at par value of U.S.
Dollars 100 per share)
. Such jointly-controlled entity called for the paid-up shares capital of 1,000
shares at U.S. Dollars 100 per each. The Company paid amounting to U.S. Dollars 0.025 million, in
the proportion of investment of 25%.
During 2013, Xe-Pian Xe-Namnoy Power Company Limited, a jointly-controlled entity, called for the
additional paid-up share capital. The Company converted project development cost, short-term loan
and its accrued interest receivable to investment amounting to U.S.Dollars 16.86 million or equivalent
to Baht 531.40 million.
Notes to the financial statements
Ratchaburi Electricity Generating Holding Public Company Limited and its subsidiaries
