210
Annual Report
2013
Ratchaburi Power Plants
2013
2012
Thermal Power Plant Unit 1
MO : Oct 27 - Dec 22, 2013
-
Thermal Power Plant Unit 2
MO : Aug 4 - Sep 29, 2013
-
Combined Cycle Power Plant Block 1
MI
: Jan 2 - Jan 27, 2013
MO : Sep 23 - Nov13, 2012
CI
: Jan 13 - Jan 27, 2013
Combined Cycle Power Plant Block 2
MO : Jun 2 - Jul 23, 2013
CI : Dec 2 - Dec 11, 2012
MI
: Jun 28 - Jul 23, 2013
Combined Cycle Power Plant Block 3
MI
: Feb 3 - Feb 28, 2013
CI : Jan 1 - Jan 10, 2012
CI : Feb 14 - Feb 28, 2013
The operating result according to the consolidated
financial statements of the Company and its subsidiaries
for the year 2013 showed the profit of Baht 6,186.85
million or Baht 4.27 per share, decreasing by Baht
1,539.42 million or 19.92 per cent, compared to the
profit of Baht 7,726.27 million or Baht 5.33 per share
of the year 2012. The significant transactions in this
period were as follows:
2.1 Revenue received from the Availability
Payment (“AP”)
Revenue received from the AP for the year
2013 was Baht 13,492.29 million, decreasing by Baht
1,155.65 million or 7.89 per cent from Baht 14,647.94
million in the year 2012. The main reasons were, in June
2012, RATCH-Australia Corporation Company Limited
(“RAC”), a subsidiary in Australia, terminated Power
Purchase Agreement of Collinsville Power Station as
well as Australian Dollar depreciated comparing to the
previous year, resulting in the decrease in the AP of RAC
in the total amount of Baht 984.25 million. In addition,
the revenue received from AP of Ratchaburi Electricity
Generating Company Limited (“RG”), a subsidiary,
decreased in the amount of Baht 171.40 million since
there were shutdowns for planned maintenance more
than in the previous year. The maintenance schedules
are as follows:
Planned Maintenance
MO = Major Overhaul, MI = Minor Inspection, CI = Combustion Inspection
2.2 Cost of sales (excluded fuel costs)
Cost of sales (excluded fuel costs) for the year
2013 were Baht 7,300.43 million, decreasing by Baht
195.27 million or 2.61 per cent from Baht 7,495.70
million in the year 2012. The main reasons were the
termination of Power Purchase Agreement of Collinsville
Power Station and the depreciation of Australian Dollar,
as specified in Section 1, decreased the cost of sales of
RAC in the amount of Baht 506.87 million. On the other
hand, the operating and maintenance expenses as well
as spare part expenses of RG increased in the amount of
Baht 162.45 million and Baht 191.85 million, respectively,
since there were shutdowns for planned maintenance
more than in the previous year. (as specified in Section 2.1)
2.3 Gain on termination of power purchase
agreement
In June 2012, with the acceptance of an offer
to terminate the Collinsville Power Station Power
Purchase Agreement, RAC recorded a compensation
fee in total amount of AUD 99.57 million (equivalent to
Baht 3,202.57 million) and recorded expenses relating to
the termination in the amount of Baht 2,133.13 million.
As a result, RAC recognized gain on the termination in
the amount of Baht 1,069.44 million.
