32
Annual Report
2013
of 219,584.33 ton/rai/year. The program also ensures
that the 109,792.16 rai of forest area will continue
to be in perfect condition and remain as the source
of food and water for the community that strongly
conserves such forest.
The investors can study further details on the
Company’s social and environmental responsibilities
in Sustainability Report 2013, which is published
separately from Annual Report 2013 and publicized
on the Company’s website (
.
Significant Changes and
Development
In 2013, Ratchaburi Electricity Generating Holdings
Public Company Limited revised its investment
structure to support sustainable growth and future
expansion under its 10-year strategic plan (2014-2023).
It has adjusted the Company’s Group’s generating
capacity increase goal to 9,700 MW in 2023 (from
earlier 7,800 MW by 2016) and shifted its focus to
overseas investment, such as member countries of
ASEAN Economic Community (AEC) and Australia,
and sought opportunities for additional investment
in the country through new project development
and acquisition. Limited resource will be optimized
to create the highest possible value to shareholders
and stakeholders.
Strategic business plan has been revised in
which investment direction has been clearly stated.
As a result, the Company has achieved greater
management efficiency, especially in terms of finance.
Future investment will be more flexible. At the
same time, fund mobilizing capability is enhanced in
order to effectively maintain an appropriate level of
financial cost and efficient management as well as
create a good balance between return on investment
and manageable risks. The Company has sought
opportunities to make overseas investment in order
to keep sustainable future business growth according
to the value-focused strategy development aiming
at increasing confidence among shareholders and
investors. Its investment structure comprises 4 groups
as follows:
1. IPPs and SPPs in Thailand,
including Ratchaburi
Power Plant, Ratchaburi Power’s Power Plant,
Tri Energy Power Plant, PTO-A Power Plant, Sao
Thian Power Plant, Ratchaburi World Cogeneration
Company Limited’s SPP projects and Nava Nakorn
Electricity Generating Company Limited’s SPP
projects.
2. Renewable Projects in Thailand,
including
Solarta Company Limited’s solar power plants, solar
power plants of Solar Power (Korat 3) Company
Limited, Solar Power (Korat 4) Company Limited, and
Solar Power (Korat 7) Company Limited, Huay Bong
2 and Huay Bong 3 Wind Farms, Songkhla Biomass
Power Plant and Khao Kor Wind Farm.
3. International Projects
including Nam Ngum
2 Hydroelectric Power Project in Lao PDR, Xe-Pian
Xe-Namnoy Hydroelectric Power Project in Lao PDR
and power plants in Australia as invested by RATCH-
Australia Corporation Limited.
4. Related Business
comprises operation and
maintenance service business, coal mine, gas turbine
maintenance facility business and other investment.
Investment in the four groups is made through the
Company’s subsidiaries namely Ratchaburi Electricity
Generating Company Limited, Ratchaburi Energy
Company Limited and RH International Corporation
respectively. Assets portfolio has been reviewed
based on the new investment structure. Invested
assets have been transferred to the three subsidiaries.
Firstly, the Company sold 16,080,000 million shares,
representing 40 per cent of the total shares, in Nava
Nakorn Electricity Generating Company Limited to
Ratchaburi Electricity Generating Company Limited
at 10 baht according to the paid registered capital
price, totaling Baht 160.80 million, on 4 December
2013. The Company then sold 100,000,000 shares,
representing 40 per cent of the total shares, in
Ratchaburi World Cogeneration Company Limited to
Ratchaburi Electricity Generating Company Limited at
