WIND ENERGY PROJECT
The Company has invested in companies that generate electricity from Wind Farm projects with a total installed capacity of 767 MW by supplying electricity to the Electricity Generating Authority of Thailand (EGAT).
The Company invested 25% in Aeolus Power Company Limited (Aeolus), in which Aeolus is a 60% shareholder in First Korat Wind Company Limited (First) and KR2 Co., Ltd. (KR2), where First and KR2 are the companies that operate the electricity generation project of Huay Bong 3 and Huay Bong 2 with installed capacity of 103.5 MW per project and signed the Contract supplying electricity to Electricity Generating Authority of Thailand at 90 MW per project. The project is located at Huay Bong Sub-district, Dan Khun Thot District. Nakhon Ratchasima. Currently, both projects have sold electricity to EGAT since November 2012 and February 2013 accordingly. The Company has been approved by the Extraordinary General Meeting of Shareholders No. 1/2013 dated May 30, 2013 to allow the Company to invest in the company, Wind Energy Holding Company Limited (WEH), which engages in the business of developing wind power generation projects. WEH has had 8 projects to be developed with installed capacity of 767 MW for 690 MW sold capacity of electricity according to the Contract.