RATCH-GPSC-NNCL Commence the COD of Nava Nakorn PP, Expecting to Recognize Income in 4Q20

Ratch Group Public Company Limited (RATCH) announced that on October 31, 2020, Nava Nakorn SPP Power Plant (Expansion) has commenced commercial operation and recognized its income under the Power Purchase Agreement. As a result, the total electricity generating capacity of Nava Nakorn Electricity Generating Company Limited, a joint-venture company among Ratchaburi Electricity Generating Company Limited (RATCH’s wholly owned subsidiary), Nava Nakorn Public Company Limited (NNCL) and Global Power Synergy Public Company Limited (GPSC) by the proportion of 40%, 30% and 30% respectively, is approx. 185 megawatts and the total stream generating capacity is approx. 40 tons per hour (inclusive of the original capacity). 

The COD of  Nava Nakorn SPP Power Plant (Expansion) enables RATCH to recognize the increased revenue in proportion to the increased proportion.