Information Memorandum of Glow Energy Public ... - Investor Relations

Attachment 4Glow Energy Public Company Limited and its subsidiaries are one of the largest privateelectricity generators and providers of industrial utilities in Thailand and neighboring country.GLOW ENERGY operate IPP and cogeneration facilities (most of which operate as SPPs under Thailand’s SPPprogram) and GLOW ENERGY’s core business is to produce and supply electricity to EGAT and electricity andsteam to industrial customers in the MIE1 Area. As of March 31, 2011, we had a total generating capacity of 1,945 MWof electricity and 1,046 tons per hour of steam.RevenueGLOW ENERGY derive revenues primarily from sales of electricity to EGAT and sales of electricity, steam andclarified and demineralized water to industrial users in the MIE Area. The following table breaks down revenues bysource for the periods indicated:Q1 2011 2010 2009 2008Revenues from Sales of Goods and Rendering of ServicesElectricitySales to EGAT by IPPs 2,715.4 11,709.2 11,314.4 10,859.5Sales to EGAT by SPPs 2,317.1 8,738.9 9,279.0 10,337.8Sales to Industrial Customers 2,637.8 10,488.1 9,188.4 7,954.1Total 7,670.3 30,936.2 29,781.8 29,151.4Steam 1,149.2 4,373.4 4,366.2 4,244.7Process water 94.9 347.4 356.1 327.7Total 8,914.4 35,657.0 34,504.1 33,723.8Other Income 42.5 2,221.8 1,021.0 130.2Total Revenue 8,956.9 37,878.8 35,525.1 33,854.0GLOW ENERGY’s revenues are in part driven by the volumes of electricity and industrial utilities that GLOWENERGY produce and sell to industrial customers in MIE Area. The following table sets out GLOW ENERGY’svolumes of electricity and industrial utilities sold for the periods indicated:Q1 2011 2010 2009 2008Electricity dispatch (GWh)To EGAT by IPPs 1,287.00 5,697.40 5,226.50 5,054To EGAT by SPPs 882.5 3,394.5 3,476.4 3,879.0To Industrial Customers 990.4 3,897.5 3,404.1 3,193.0Total 3,159.9 12,989.4 12,107.0 12,126.0Steam (Thousand of tons) 1,422.3 5,372.0 5,309.9 5,372.0Processed water (Thousand of cubic meters) 3,109.4 11,156.4 11,433.3 10,798.0Electricity Sales to EGATGLOW ENERGY sell electricity to EGAT under our EGAT power purchase agreements. GLOW ENERGY arecurrently party to 2 IPP power purchase agreements, in respect of 713 MW of electricity located in Thailand and 128MW of electricity located in Lao PDR in which 126 MW sales to EGAT and 2 MW to Electricite Du Laos (EdL) and atotal of 8 SPP power purchase agreements, in respect of an aggregate of 590 MW of electricity.Electricity Sales to Industrial CustomersGLOW ENERGY sell electricity to industrial customers under power supply agreements. As of March 31, 2011,GLOW ENERGY were party to a total of 42 power supply agreements with 31 industrial customers in respect of anaggregate of 616 MW of electricity.Steam SalesGLOW ENERGY sell steam to industrial customers under steam supply agreements. As of March 31, 2011, GLOWENERGY were party to a total of 24 steam supply agreements with 18 industrial customers in respect of an aggregateof 805 tons per hour of steam.Attachment 4_Information Memorandum of Glow Energy Public Company Limited_clean.doc Page 15 of 18