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          Electricity Generating Public Company Limited or EGCO Group announced its operating performance for the first quarter of 2019 of 2,915 million baht. EGCO Group is also ready to develop the site of Rayong Power Plant to be ECC industrial estate.

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          Mr. Jakgrich Pibulpairoj, the President of EGCO Group, revealed the operating performance for the first quarter of 2019 that its profit before the effects of foreign exchange, deferred income tax, and lease income was 2,915 million baht, decreasing from the first quarter of 2018 by 13,223 million baht. When the profit from capital selling of 14,162 million baht is excluded, the company’s profit before the effects of foreign exchange, deferred income tax, and lease income increased by 939 million baht or 47% compared with the same quarter of 2018. The profit from electricity business increased by 1,028 million baht.

          The three projects under construction include Xayaburi and Nam Theun 1 Power Plants in Lao PDR and San Buenaventura Power Plant in the Philippines. According to the plan, they are targeted to be in commercial operation at the end of the year 2019 and 2022 respectively.

          “For the investment progress, EGCO Group is conducting environmental impact assessment to develop the site of Rayong Power Plant in Rayong Province to be EEC smart industrial estate in order to support the investment in Eastern Economic Corridor Development zone. Moreover, the company is seeking an opportunity for new investment relating to core business, namely LNG business both in Thailand and overseas,” said Mr. Jakgrich.

          As of April 30, 2019, EGCO Group owns 27 power plants that are now in commercial operation with the total contract capacity of 5,154 MW located in Thailand, Lao PDR, the Philippines, Indonesia, Australia, and South Korea. Three projects under construction has the contract capacity of 544 MW. The fuel use for power generation includes natural gas, coal, biomass, hydropower, solar, wind, and geothermal.