SUPEREIF to Make Its First Debut Today, Promoting at Least 90% Dividend Payment of Profit

Today, Wednesday, August 21, 2019, Super Energy Power Plant Infrastructure Fund (SUPEREIF) will debut its first trading day in the Stock Exchange of Thailand (SET) with 515 million units and a par of 10.00/unit, divided by the offering price per unit (฿10.00/unit).

The Fund will make an investment in the Right of Net Revenue being generated from a total number of 19 projects of VSPP-typed ground-mounted solar power plant businesses (VSPP: very small power producer) belonging to 17AYH and HPM, both of which operate businesses of production and distribution of electricity to PEA or MEA (upon a case-by-case basis). As per Power Purchase Agreement, the total maximum generation capacity accounts for 118 Megawatts.

the remaining contractual period on average of the Power Purchase Agreements upon the Investment Closing Date of the Fund is around 21 – 22 years, the basic details of which, in relation to the Power Purchase Agreements between 17AYH or HPM and the PEA or the MEA. The FiT buying rate will be Thai Baht 5.66 per unit.

SUPEREIF any proposed payment of dividend will be made to all unitholders from the adjusted net profit, in aggregate for each financial year, at a rate of no less than 90% of the adjusted net profit.