Ratchaburi Electricity Generating Holding PCL.
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In addition to the Company, the subsidiaries and
affiliates that EGAT is a shareholder and operate
electricity generation and distribution business are
Electricity Generating Public Company Limited,
a listedcompanyonTheStock Exchangeof Thailand,
and EGAT International Company Limited. This
sometime creates competition among EGAT
subsidiaries and affiliates, especially in some
project development, such as the IPP bidding in
early 2013. To reduce such problem EGAT has
adjusted its future direction by synergizing affiliates
and subsidiaries in large scale overseas project
investment in order to increase the Group’s
competitiveness against other players in the
industry.
EGAT has appointed its representatives to be
directors in its subsidiaries and affiliates according
to its shareholding portion in each company
while subsidiaries and affiliates can formulate
their own policy, manage and make decision
related to investment as deemed appropriate.
In Ratchaburi Electricity Generating Holding
Public Company Limited, EGAT appointed seven
representatives to sit in its 15-member Board
of Directors. In addition of being a major
shareholder, holding 45 per cent stake in the
Company, EGAT is the major electricity purchaser,
representing 14 per cent of Thailand’s total
electricity generating capacity, under the same
terms and conditions and as EGAT purchases
electricity from other companies, using the
same source of energy and distribute power
to EGAT’s distribution system at the same
period of time. Agreements and contracts made
between the Company and EGAT are power
purchase agreement; Ratchaburi Electricity
Generating Company Limited’s power plant
operation and maintenance service, which is
made between Ratchaburi Electricity Generating
Company Limited, a subsidiary that the Company
holds 99.99 per cent stake, and EGAT; and the
power plant operations and maintenance for
the Hongsa Thermal Power Plant owned by
RATCH-Lao Services Company Limited which is
99.99-percent-own subsidiary of the Company.
These businesses are conducted under general
trade conditions.
The Company and EGAT also have shared
intention to work together with responsibility
towardssocietyandenvironmentthroughpromoting,
preserving and optimizing the limited natural
resources available in order to drive the organization
growth and responsibility towards the society and
environment.
Investors can study details on this issue from
the Form 56-1 as published on the Company’s
website
) and SEC’s website
)
