BANGCHAK SOLAR POWER PROJECT

The project involves construction of 2 solar power generation plants, a smaller 8 MW plant (net capacity with Provincial Electricity Authority offtake) and a larger 30 MW plant (net capacity with Electricity Generating Authority of Thailand offtake) in the Ayutthaya Province. The first plant has a gross capacity of 10 MW and will operate under the Very Small Power Producer (VSPP) program and the second plant has a gross capacity 34.5 MW and will operate under the Small Power Producer (SPP) program. The site has approximately 480 rai (76.8 hectares) of relatively flat land. The two plants are being implemented under a 5-year automatically renewable (on a continual basis) Power Purchase Agreement (PPA) with the Electricity Generating Authority of Thailand (EGAT) under the SPP and with the Provincial Electricity Authority (PEA) under the VSPP programs.