Ratchaburi Electricity Generating Holding PCL.
27
Related Business
Power Plant Operations andMaintenance
Service
RATCH-Lao Services Company Limited
The Company has ensured that the operations
and maintenance services provided to Nam Ngum
2 Power Plant and electricity distribution to EGAT’s
system under the power purchase agreement were
efficient. It has also secured good understanding and
relationship with related government agencies in
Lao PDR in order to move forward the business and
create new opportunities for electricity generation
and related business expansion.
RATCH-Lao Services Company Limited also
entered into Personnel Providing Service for EGAT’s
Operation and Maintenance of Hongsa Mine Mount
Power Project with EGAT.
Gas TurbineMaintenance Facility Business
EGAT Diamond Service Company Limited
EGAT Diamond Service Company Limited
renovated and improved the parts of the plant
affected by the 2011 flood while enhancing its
capability to maintain and fix blade and vane. It has
also received a major international certification, ISO
9001: 2008, fromMitsubishi Heavy Industries for blade
and vane maintenance.
Management of the Company’s Affiliates
and Joint Ventures
The Company appointed its directors and
executives to be the directors and executives of
the businesses in which it has invested and jointly
invested both during the construction and after
commercial operations begins. This is to ensure that
the subsidiaries and affiliates operate in the same
direction and support the Company’s investment
policy.
Financial management
The Company has taken the following actions
to ensure that financial management result in
appropriate financial costs.
1. Managing loans between companies within
the group: The Company provided loans in different
currencies, such as US dollars, Australian dollars and
Thai baht, for affiliates and joint venture to invest
in various projects. This enables the Company to
manage and optimize cash balance and reduce the
Group’s cost related to loans granted to affiliates and
joint ventures.
2. Preparing short-term facilities and trade finance
facilities: The Company worked with domestic and
international financial institutions to arrange
Baht 10,000million facilities. This amount is sufficient
to support its affiliates and joint ventures’ business
operations, and for bid securities and performance
securities in bidding and guarantee for different
contracts. This allowed the Company to take
immediate response to request, ensure low fee and
become more competitive.
3. Seeking capital andmanaging financeof projects,
such as SPP by Ratchaburi WorldCogeneration
Company Limited, SPP by Nava Nakorn Electricity
Generating Company Limited, Xe-Pian Xe-Namnoy
Hydroelectric Power Project, Songkhla Biomass Power
