RATCH Annual Report 2013 - page 223

Ratchaburi Electricity Generating Holding PCL.
223
1.3.1 The Company contracted RATH-
Lao Services to recruit personnel
and operate the business under
Construction Service Contract (CSC)
for the Xe-Pian Xe-Namnoy
Hydroelectric Power Project
In 2013, CSC expense is Baht
0.11 million
As at 31 Dec 2013, other
creditor- service for CSC
Project is Baht 0.11 million
RATCH-Lao
Services Co., Ltd.
(agreement signed
on 1 Dec 2013)
0.11 RATH-Lao Services has capability
to recruit the right personnel
for the Project under the
Construction Service Contract,
e f f ec t i ve f rom Dec 2013
to Mar 2019.
2.1Power PurchaseAgreement –Ratchaburi
Power Plant
2.1.1 Ratchaburi Electricity Generating
Co., Ltd. signed a 25-year power
purchase agreement with EGAT
In 2013, power sales income is
Baht 47,945.49 million
As at 31 Dec 2013, related parties’
transactions are as follows:
- Trade account receivables
Baht 8,300.68 million
- Accrued income
Baht 13.72 million
EGAT (agreement
signed on
9 Oct 2000)
47,945.49 Ratchaburi Electricity Generating
Co., Ltd. has to supply power
from its plant to EGAT and
will receive income from EGAT
according to the Power Purchase
Agreement according to the
normal business practice.
1.3 Contracting subsidiaries for service
2. Ratchaburi Electricity Generating Co.,Ltd.
Connected Transactions
Related Parties
Value
(Million baht)
Necessities
and Reasons
2.1.2 Ratchaburi Electricity Generating
Co., Ltd. contracted EGAT as fuel
oil suppier
In 2013, fuel oil cost is
Baht 989.11 million
As at 31 Dec 2013, total trade
payable is Baht 32.32 million
EGAT
(agreement signed
on 9 Oct 2000)
989.11 EGAT supplies fuel oil at market
price according to Power
Purchase Agreement.
Connected Transactions
Related Parties
Value
(Million baht)
Necessities
and Reasons
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