224
Annual Report
2013
2.2Station service power and power for
water supply system
In 2013, expense is Baht 190.28 million
As at 31 Dec 2013, connected
transactions are as follows:
- Account payable – Nov 2013
Baht 11.45 million
- Accrued expenses – Dec 2013
Baht 22.48 million
EGAT
(agreement signed
on 24 Jul 2001)
190.28 Ratchaburi Electricity Generating
Co., Ltd. had to buy electricity
from EGAT to maintain its station
service power and electricity for
water supply system. The power
price is the same as other
companies buying electricity
from EGAT.
2.3Power Plant Operation and
Maintenance Agreement
Ratchaburi Electricity Generating Co.,
Ltd., commissioned EGAT to provide
power plant operation and major and
general maintenance services
In 2013, total expenses is Baht
1,242.83 million, including:
- Monthly retainer of Baht 1,034.61 million
- Other expenses of Baht 208.22 million
As at 31 Dec 2013, related
transactions are as follows:
- Account payables Baht 79.05 million
- Accrued expenses Baht 6.90 million
EGAT
(agreement signed
on 7 Jan 2008)
1,242.83 EGAThasexperienceandexpertise
in power plant operations and
maintenance. Service fees are
adjusted according to Thailand’s
annual consumer price index,
which is a normal practice in
business standard.
2.4Management service agreement
2.4.1 Ratchaburi Electiricity Generating
Co., Ltd., leases to Ratchaburi Power
Co., Ltd., a plot of 143 rai of land.
In 2013, income is
Baht 11.56 million
As at 31 Dec 2013, unearned
revenue is Baht 1.45 million
Ratchaburi Power
Co., Ltd.
(agreement signed
on 7 Jun 2004)
11.56
Ratchaburi Power Plant has
comprehensive facilities and
infrastructure that support power
generating business. Ratchaburi
Electricity Generating Co., Ltd.’s
charge for the lease will be
increased every 5 years in
accordancetoThailand’sconsumer
price index, which is a normal
business practice standard.
Connected Transactions
Related Parties
Value
(Million baht)
Necessities
and Reasons
