RATCH Loan

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IFC has provided US$130 million Sustainable Loan to RH International (Singapore) Corporation Pte. Ltd. (RHIS), a subsidiary of RATCH Group Public Company Limited (“RATCH” or “the Company”). RATCH will use the loan to increase their equity stake in Fareast Renewable Development Pte Ltd (“Fareast”) and to increase their indirect shareholding in PT Bajradaya Sentranusa (“BDSN” or the “Project Company”) respectively. (the “Project”). RATCH was established in 2000 and is a holding company with interests in a number of entities involving: mainly electricity generation with 10,814.83 MW installed capacity; other infrastructure (e.g. mass transit systems, optical fiber, water treatment and distribution, highway operation and maintenance (O&M) services); information technology services; energy-related services (e.g. power plant O&M services, gas turbine maintenance services, coal/lignite mining, wood pellet and biomass production and supply to power plants); and other businesses in Thailand and other countries.  Fareast is a joint venture company of RATCH and Fareast’s subsidiary, BDSN, owns and operates a 180 MW run of the river hydroelectric power plant (HPP), Asahan 1, which is located in North Sumatera Province of Indonesia. BDSN is an IFC investee company and Asahan 1 has been operational since January 2011. BDSN is Fareast’s subsidiary and Asahan 1 is the only operating asset in Fareast’s portfolio.