03 Dec 2018 07:52:00
Commercial Operation Date (COD) of Nari Aizu Solar Power Plant in Japan
0161/251 3rd December 2018 -Translation- Subject: Commercial Operation Date (COD) of Nari Aizu Solar Power Plant in Japan To: President of the Stock Exchange of Thailand Banpu Public Company Limited ("Banpu") would like to inform the Stock Exchange of Thailand that its subsidiary Banpu Power Public Company Limited ("BPP") had been notified that Nari Aizu Solar Power Plant Project, which BPP has invested under TK* structure has successfully achieved Commercial Operation Date (COD) on 1st December 2018. The project is located in Fukushima prefecture with capacity of 20.46 MW (15.35 MW on Equity-base capacity). It has entered into Power Purchase Agreement with Tohoku Electric Power Co., Inc. for a period of 20 years with Feed-in- Tariff (FIT) of JPY 36 per Kilowatt-Hour. Inclusive of this project, BPP currently holds interest in 13 Solar Power Plant Projects in Japan with total generation capacity of 358.76 MW (233.57 MW on Equity-base capacity), under which had been COD for total of 58.86 MW (37.42 MW on Equity-base capacity). BPP will continue to seek investment opportunities in both conventional and renewable power projects to achieve growth target of 4,300 MW with renewable portion of at least 20% in portfolio by 2025, focusing on markets with attractive growth and supportive government policy. Please be informed accordingly and kindly disseminate the herein information to investors. Sincerely yours, (Mrs. Somruedee Chaimongkol) Chief Executive Officer *TK structure is governed by contract between investors and a business operator under which the investors make certain contributions (in the form of cash or other things of value) in return for the rights to receive profit distributions generated from the partnership's business. ______________________________________________________________________ This announcement was prepared and disseminated by listed company or issuer through the electronic system which is provided for the purpose of dissemination of the information and related documents of listed company or issuer to the Stock Exchange of Thailand only. The Stock Exchange of Thailand has no responsibility for the correctness and completeness of any statements, figures, reports or opinions contained in this announcement, and has no liability for any losses and damages in any cases. In case you have any inquiries or clarification regarding this announcement, please directly contact listed company or issuer who made this announcement.