TPI Polene Power Public Company Limited Q1 2019 Opportunity Day 30 - - PowerPoint PPT Presentation

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TPI Polene Power Public Company Limited Q1 2019 Opportunity Day 30 May 2019 Strictly Private & Confidential Table of Content Section 1. Company & Business Overview 2. Financial Highlights 3. Key Operation Highlights Strictly Private

SLIDE 1 Strictly Private & Confidential

TPI Polene Power Public Company Limited

Q1 2019 Opportunity Day 30 May 2019

SLIDE 2 1 Strictly Private & Confidential

Table of Content

Section

1. Company & Business Overview
2. Financial Highlights
3. Key Operation Highlights

SLIDE 3 2 Strictly Private & Confidential Strictly Private & Confidential

Company & Business Overview

SLIDE 4 3 Strictly Private & Confidential

TPIPP’s Vision & Mission

The Company is determined to be a high quality and high standard leader in the business

f power generation using renewable energy sources, focusing on continuous development of

technology and staff to create highest benefits for shareholders and staff. The Company intends to operate its business by adhering to the principle of ethics and good corporate governance

Supporting municipal waste disposal for Local Administrations by converting waste to fuel

and energy properly and efficiently.

Handling waste disposal to the fullest utilization without disposal to the outside.
Developing production technologies suitable for waste conditions in Thailand.
Generating electric power from renewable energy by using fuel from refuse and waste

heat.

Vision Mission

SLIDE 5 4 Strictly Private & Confidential

TPIPP as TPIPL’s Flagship for Power Business

29.76% Public Power Plant Business 70.24% Concrete Business Cement Business EVA Business LDPE Business Remark : 1.Operating EBITDA of Q1 2019 excluding net foreign exchange gain 40 THBmm Unit: THBmm TPIPP (Q1 2019) Main Business Electricity generation from waste heat and refused derived fuel (RDF) power plants and operation in petrol and gas stations. Total Revenue 2,514 Operating EBITDA * 1,175 Net Profit 983 Total Asset 32,125 Total Liabilities 6,094 Registered and Paid-up Capital 8,400 Total Equity 26,031 Market Cap as of 29 Mar 2019 51,240

SLIDE 6 5 Strictly Private & Confidential

TPIPP at a Glance

Operates refuse derived fuel (“RDF”) fired & waste-heat

recovery power plants with off-take arrangements with EGAT and TPIPL

8 commercially operating power plants TG1-TG8-440MW.
Peripheral RDF production facilities to support its

RDF-fired power plant operations

Operates petrol stations and gas stations in Bangkok and other

provinces in Thailand

Currently owns and operates 8 petrol stations, 1 gas station

and 3 petrol and gas stations

Revenue derived from the sale of petrol, gas and

convenience store goods 93% Key Business Segments % of Q1 2019 Total Sales Revenue TPIPP is the largest operator of waste-to-energy (“WTE”) power plants in Thailand in terms of installed power generation capacity THB 2,248.3 mm THB 181.4 mm Energy & Utilities Petrol & Gas Stations Others 7%

SLIDE 7 6 Strictly Private & Confidential 60 40 70 70 40 40 80 80 70 70 150 80 180 180 2009 2015 2016 2017 2018 2019 Power Plant COD Installed Capacity Expiry Date Off taker In operation WHPP-40MW Jun 2009 40 MW Jul 2044 TPIPL RDFPP-20MW Jan 2015 20 MW Jul 2044 EGAT RDFPP-60MW Aug 2015 60 MW Jul 2042 EGAT WHPP-30MW (1) Jan 2016/Apr 2018 30 MW Jul 2042 TPIPL/EGAT RDFPP-70MW (1) Apr 2018 70 MW Dec 2045 EGAT Coal-RDF-PP-70MW Aug 2018 70 MW (3) Jul 2043 TPIPL Coal-PP-150MW Jan 2019 150 MW Dec 2043 TPIPL Notes: (1) After commencing commercial operations in January 2016, WHPP-30MW initially sold power to TPIPL to be used in TPIPL’s cement production process until RDFPP-70MW commences commercial operations. Since RDFPP-70MW commenced commercial operations in April 2018, WHPP-30MW, together with RDFPP-70MW, operated as a 100 MW RDF-fired power plant (RDFPP-100MW) and sold power produced from such plant, using RDF and waste heat, to EGAT. (2) Generates power by burning RDF and partially utilizing waste heat (3) Under an approved power generation capacity of 40 MW. TPIPP’s Q1 2019 Energy & Utilities Revenue Breakdown 120 150 440 MW

Summary of TPIPP’s Power Plant Operations

Total capacity in operation 440 MW Waste Heat RDF(2) Coal/RDF Coal TPIPP’s Power Plants (Operational & Under Construction) TPIPP’s Installed Capacity Breakdown by Fuel THB mm 150 751.8 33.4% 948.0 42.2% 538.6 24.0% 9.8 0.4% TPIPL Other EGAT-Base EGAT-Adder 2,248.3 290

SLIDE 8 7 Strictly Private & Confidential 17.3 14.7 14.4 3.6 3.5 3.6 2016 2017 2018 Q1 2018 Q4 2018 Q1 2019 31.4 25.7 22.7 6.0 5.4 5.8 2016 2017 2018 Q1 2018 Q4 2018 Q1 2019

Summary of TPIPP’s Petrol & Gas Station Operations

TPIPP primarily sells petrol and gas to retail customers under the “TPIPL” brand
The Company was granted the license to use the trademark of TPIPL in accordance with a 10-year trademark licensing agreement dated

March 7, 2016 between the Company and TPIPL (the “TPIPL Trademark Agreement”) in connection with the Company’s sales of certain petrol and gas products Breakdown of TPIPP’s Petrol & Gas Stations by Type and Location Location Number of petrol stations Number of gas stations Number of petrol and gas stations Total Bangkok 2

3 Saraburi province 4 1 1 6 Nakornsawan province 1

Ubonrajthani province

1 Samutprakan province 1

Total 8 1 3 12 Board of Investment Privileges Procurement of Petrol – From oil companies at market price on a spot basis Procurement of Petrol for Petrol Stations in the Saraburi province – Also purchases from TPIPL at cost. TPIPL regularly purchases petrol at large volumes and at discounted prices in the open market Procurement of Gas – Agrees to purchase a minimum amount of gas from PTT Public Company Limited every month, ranging from 700,000 kilograms to 1,200,000 kilograms per month Petrol Sales (litre in millions) Gas Sales (kg in millions) Supply of Petrol and Gas Historical Sales Volume

One of the gas stations has been granted

promotion certificates from BOI, which entitles it to a number of benefits including tax exemptions from certain taxes

Expiration of Full Income Tax Exemption:

– July 2017

Expiration of 50% Income Tax Reduction:

– July 2022

SLIDE 9 8 Strictly Private & Confidential 40 70 150 WH PP

40MW

Coal

RDF
70MW

Coal

PP
150MW

(2)

One of the leading cement manufacturers in the country

founded in 1987 and is listed on the Stock Exchange of Thailand since 1990

Primarily engages in the business of manufacturing and

selling cement & low-density polyethylene/ethylene vinyl acetate plastic resin as well as selling construction materials Waste Heat Supply & Power Sales Arrangements with TPIPL Sell waste heat Sell power generated Pursuant to the TPIPL Framework Agreement Notes : (1) PPAs do not specify a contracted power generation capacity (2) TG7 COD in August 2018.(under an approved power generation capacity of 40 MW) (3) TG8 COD in January 2019. Installed Power Generation Capacity (MW) with TPIPL as Offtaker TPIPP Utilizes Waste Heat Emitted from TPIPL’s Cement Production Process Kangkhoy, Saraburi Province As the power and cement plants are located in the same vicinity, waste heat can be obtained with minimal heat loss Backing and Continuing Support from Recognized Shareholder, TPIPL TPIPP sells power to TPIPL TPIPL sells waste heat to TPIPP Pursuant to the respective PPAs(1) TPIPP General Public TPIPL Shareholding Structure Post IPO ≥70% ≤30%

Mutually Beneficial Support Framework with TPIPL

Complementary Sale & Purchase Relationship with TPIPL Supports Continuing Development of Both Companies (3)

SLIDE 10 9 Strictly Private & Confidential Strictly Private & Confidential

Financial Highlights

SLIDE 11 10 Strictly Private & Confidential 372.1 395.8 95.5 96.9 94.3 321.5 306.2 77.0 77.7 85.4 6.5 5.6 1.4 1.3 1.7 700.1 707.6 173.9 175.9 181.4 2017 2018 Q1 2018 Q4 2018 Q1 2019 Petrol sales Gas sales Other sales 4,164.7 6,912.2 1,176.4 2,107.6 2,248.3 700.1 707.6 173.9 175.9 181.4 4,864.8 7,619.8 1,350.3 2,283.5 2,429.6 2017 2018 Q1 2018 Q4 2018 Q1 2019 Energy & Utilities Petrol & Gas Station

Revenue

Diversified Revenue Streams Led by Growing Revenues from Energy & Utilities Division

Total Revenue from Sales of Goods (THBmm) Revenue from Energy & Utilities (THBmm) Revenue from Petrol & Gas Station (THBmm) 3,550.1 6,033.9 930.0 1,841.1 1,699.8 570.3 832.1 233.0 254.8 538.6 44.4 46.2 13.4 11.6 9.8 4,164.7 6,912.2 1,176.4 2,107.6 2,248.3 2017 2018 Q1 2018 Q4 2018 Q1 2019 EGAT TPIPL Sales of shredded tires, Steam & Others

SLIDE 12 11 Strictly Private & Confidential Petrol 54% Gas 46% Others 0% Raw materials & Fuel 43% Labor 11% Maintenance 5% Electricity 5% Waste Heat 1% Depreciation 14% Others 20%

Cost of Sales & Gross Profit

Q1 Y2019 Cost of Sales Breakdown (THBmm) Gross Profit (THBmm) and Gross Profit Margin(1) (%) Energy & Utilities: Note: (1) Gross profit margin = Gross profit (loss) / Revenue from sales of goods x 100 Total: THB 1,179.3 mm Petrol & Gas Station: Total: THB 158.2 mm 2,550.7 3,888.4 676.1 1,116.2 1,069.0 86.5 80.0 21.7 15.9 23.2 2,637.3 3,968.4 697.9 1,132.1 1,092.2 54.2% 52.1% 51.7% 49.6% 45.0% 2017 2018 Q1 2018 Q4 2018 Q1 2019 Energy & Utilities Petrol & Gas station Gross Profit Margin

SLIDE 13 12 Strictly Private & Confidential 2,389.9 3,652.3 634.0 976.8 943.2 201.6 46.6 119.9 (2.5) 39.6 2,591.5 3,699.0 753.9 974.3 982.9 50.0% 46.7% 48.7% 41.8% 39.1% 2017 2018 Q1 2018 Q4 2018 Q1 2019 Operating NPAT FX gain (loss) NPAT Margin 2,777.9 4,148.2 724.8 1,137.6 1,174.9 57.1% 54.4% 53.7% 49.8% 48.4% 2017 2018 Q1 2018 Q4 2018 Q1 2019 Operating EBITDA Operating EBITDA Margin NPAT (THBmm) and NPAT margin(3) (%)

Cost & Expenses vs. EBITDA & NPAT

Cost & Expenses Items (THBmm) Operating EBITDA(1) (THBmm) and Operating EBITDA margin(2) (%) Notes: (1) Operating EBITDA exclude net foreign exchange gain(loss) and compensation from insurance claims. The Company considers EBITDA to be an important performance measure and the Company believes that EBITDA is used by many industries and investors as one measure of cash flow from operations. EBITDA should not be considered by an investor as an alternative to actual cash flow from operations as determined in accordance with TFRS, and is not a standard measure under TFRS. The Company’s calculation of EBITDA may differ from similarly titled computations of other companies. (2) Operating EBITDA margin = operating EBITDA / Revenue from sales of goods and services x 100 (3) Net profit margin = Profit (loss) for the year / Total Revenues x 100 2,227.5 3,651.4 652.4 1,151.4 1,337.5 63.8 66.6 17.9 17.4 16.1 188.8 318.8 61.1 144.9 106.5 40.9 19.0 0.8 15.8 40.1 2,521.0 4,055.7 732.2 1,329.5 1,500.2

500.0

1,000.0 1,500.0 2,000.0 2,500.0 3,000.0 3,500.0 4,000.0 2017 2018 Q1 2018 Q4 2018 Q1 2019 Cost of sales of goods Distribution cost Administrative expenses Finance costs

SLIDE 14 13 Strictly Private & Confidential

Comparing Profit and Loss Statement – YoY and QoQ

2017 2018 2018 2018 2019 12M 12M Q1 Q4 Q1 YoY (12M) YoY (Q) QoQ Income Revenue from base tariff 2,109.2 3,481.6 641.3 1,060.9 1,290.5 65.1% 101.2% 21.6% Revenue from power adder 2,011.2 3,384.4 521.6 1,035.1 948.0 68.3% 81.7%

8.4%

Other Sales Revenue 744.4 753.8 187.3 187.5 191.2 1.3% 2.1% 1.9% Other income 28.8 84.0 14.5 28.4 27.1 192.0% 87.2%

4.6%

Operating Revenues 4,893.6 7,703.8 1,364.8 2,311.9 2,456.7 57.4% 80.0% 6.3% Expenses Cost of sales of goods 2,227.5 3,651.4 652.4 1,151.4 1,337.5 63.9% 105.0% 16.2% Distribution & administrative expenses 252.6 385.3 79.0 162.3 122.6 52.5% 55.3%

24.5%

Operating expenses 2,480.1 4,036.8 731.4 1,313.7 1,460.1 62.8% 99.6% 11.1% Plus Depreciation & Amortization 364.4 481.1 91.5 139.4 178.3 32.0% 94.9% 27.9% Operating EBITDA 2,777.9 4,148.2 724.8 1,137.6 1,174.9 49.3% 62.1% 3.3% Compensation from insurance claims 20.6 115.7 45.1 0.0 0.0 460.7%

100.0%
100.0%

Net foreign exchange gain (loss) 201.6 46.6 119.9 (2.5) 39.6

76.9%
66.9%

1,659.0% Total EBITDA 3,000.2 4,310.5 889.8 1,135.1 1,214.6 43.7% 36.5% 7.0% Investment income 72.3 49.2 17.4 16.6 17.4

32.0%

0.4% 5.1% Finance costs 40.9 19.0 0.8 15.8 40.1

53.6%

4,712.8% 154.1% Income tax expense (75.6) (160.7) (61.0) (22.2) (30.7) 112.6%

49.7%

38.4% Less Depreciation & Amortization 364.4 481.1 91.5 139.4 178.3 32.0% 94.9% 27.9% Net Profit (loss) for the year 2,591.5 3,699.0 753.9 974.3 982.9 42.7% 30.4% 0.9% Compare (%) Unit :THBmm

SLIDE 15 14 Strictly Private & Confidential

Operating Statistic

70.2 65.2 89.5 101.7 181.4 178.3 134.4 180.4 197.1 209.7 184.8 233.0 259.3 301.3 354.4 392.4 478.9 Q1-15 Q2-15 Q3-15 Q4-15 Q1-16 Q2-16 Q3-16 Q4-16 Q1-17 Q2-17 Q3-17 Q4-17 Q1-18 Q2-18 Q3-18 Q4-18 Q1-19

Generated Amount of Electricity (M.KWh)

2018 2019 Diff %Change Q1 259.27 478.93 +219.66 +84.72% Q4 2018 Q1 2019 Diff %Change 3M 392.40 478.93 +86.53 +22.05%

SLIDE 16 15 Strictly Private & Confidential 0.18x 0.81x

0.02x

0.14x 0.13x 2015 2016 2017 2018 Q1 2019

Debt Profile and Leverage Ratios

Interest Bearing Liabilities (THBmm) Interest Coverage Ratio(2) (x) Net Debt(1) to Equity (x) 1,635.0 7,054.2 4,000.0 4,000.0 2015 2016 2017 2018 Q1 2019 Cash / Cash Equivalents and Current Investment (THBmm) 113.7 285.9 4,230.7 4,410.8 3,380.5 2015 2016 2017 2018 Q1 2019 Notes: (1) Net debt = Short-term loan from financial institutions + Short-term loan from related parties + Current portion of long-term loan from financial institutions + Long-term loan from financial institutions + Long-term loan from related parties + Debenture – Cash and cash equivalents (2) Interest coverage ratio = Cash generated from operating activities / finance cost paid 1.63x 14.29x 63.54x 199.01x 25.86x 2015 2016 2017 2018 Q1 2019 Increase in long-term loans from financial institution and related parties

SLIDE 17 16 Strictly Private & Confidential Strictly Private & Confidential

Key Operation Highlights

SLIDE 18 17 Strictly Private & Confidential

Summary of Key Operation Highlights

1 2 3 4

TPIPP’ S WTE Power Plant Situation MSW and RDF Raw materials management Government Policies for WTE Power Generation in Thailand

WTE Future Project TPIPP’ S Waste Management & WTE Renewable

SLIDE 19 18 Strictly Private & Confidential Capacity 2009 2016 & 2017 2018 2019 Power Plants with Electricity Sales to TPIPL 60 MW 70 MW 110 MW 260 MW Power Plants with Electricity Sales to EGAT

80 MW (PPA 73 MW)

180 MW (PPA 163 MW) 180 MW (PPA 163 MW) Total Power Capacity 60 MW 150 MW 290 MW 440 MW TG1 20 MW TG2 20 MW TG4 30 MW TG1 20 MW TG2 20 MW TG3 20 MW Capacity PPA TG3 20 MW 18 MW TG5 60 MW 55 MW Capacity PPA TG3 20 MW 18 MW TG5 60 MW 55 MW TG4 30 MW 90MW TG6 70 MW Notes: (1) TPIPP completed the installation of additional boilers at RDFPP-20MW and WHPP-40MW in December 2016 and January 2017, respectively (2) Can be a backup for sales to EGAT during maintenance period of TG5 and TG6 (3) TG7 COD in Aug 2018.(under an approved power generation capacity of 40 MW) (4) TG8 COD on Jan 25, 2019 RDF/WH WH Coal RDF supplement Note (1) TG1 20 MW TG2 20 MW TG7 (3) 70 MW(2) TG8 (4) 150 MW Capacity PPA TG3 20 MW 18 MW TG5 60 MW 55 MW TG4 30 MW 90MW TG6 70 MW TG1 20 MW TG2 20 MW TG7 (3) 70 MW(2)

TPIPP’ S WTE Power Plant Situation

SLIDE 20 19 Strictly Private & Confidential

Shutdown Plan Schedule for each plant in 2019

TPIPP’ S WTE Power Plant Situation

Plant SD Main Date Day Finished TG 2 Plan Turbine Mar 2019 35 Apr 2019 TG 5 Plan Boiler 2 Mar 2019 45 May 2019 TG 7 Unplan Turbine Feb 2019 90 May 2019

SLIDE 21 20 Strictly Private & Confidential

COD and BOI Schedule for each plant in 2018

TPIPP’ S WTE Power Plant Situation

TG Type Off taker BOI Approval TAX INCENTIVE COD TG 1-2 WH TPIPL OCT 2007 8 Y Jun 2009 TG 3 RDF EGAT OCT 2007 8 Y Jan 2015 TG 4 WH TPIPL/EGAT JUL 2013 8Y Jan 2016/Apr 2018 TG 5 RDF EGAT JUN 2013 8/5 Y Aug 2015 TG 6 RDF EGAT MAR 2015 8 Y Apr 2018 TG 7 Coal/RDF TPIPL

Aug 2018

TG 8 Coal TPIPL DEC 2016 8Y Jan 25, 2019

SLIDE 22 21 Strictly Private & Confidential

Overview of Power Plants (with PPA with EGAT)

RDF B9 RDF B1

RDF WHRP 20 MW

WHRP Power Plant 30 MW

INCINERATOR B11

RDF Power Plant 60 MW

G5 RDF B4

RDF Power Plant 70 MW

SPP1 – 55MW -2015 SPP2 - 90MW –Q2 2018 SPP3 -18MW -2015 RDF B3 RDF B5 RDF B2 G1,G2 WHB AQC ,SP 1 WHB AQC ,SP 2 WHB AQC ,SP 3 WHB AQC, SP 4 G6

RDF B10

TPIPP’ S Waste Management & WTE Renewable

INCINERATOR B12

SLIDE 23 22 Strictly Private & Confidential

Overview of Power Plants (with PPA with TPIPL)

WHRP Power Plant 20 MW

Power Plant 40 (70) MW

Power Plant 150 MW

Coal B8 WHB AQC ,SP 1 WHB AQC ,SP 2 WHB AQC ,SP 3 Coal B6 G8

TPIPP’ S Waste Management & WTE Renewable

INCINERATOR B13 INCINERATOR B14 INCINERATOR B15 Future Project

WHRP Power Plant 20 MW

SLIDE 24 23 Strictly Private & Confidential

Trend of FT Adjustment Sell for TPIPL

0.3729
0.2477
0.1590
0.1160
0.4
0.35
0.3
0.25
0.2
0.15
0.1
0.05

Jan 17 May Sep Jan 18 May Sep Jan 19 May Sep

SLIDE 25 24 Strictly Private & Confidential

0.4715
0.3477
0.3016
0.3195
0.2802
0.3058
0.2636
0.5
0.45
0.4
0.35
0.3
0.25
0.2
0.15
0.1
0.05

Trend of FT Adjustment Sell for SPP

SLIDE 26 25 Strictly Private & Confidential Extensive network of waste suppliers provides TPIPP with a steady supply of waste for the operation of its WTE power plants while good relationship with EGAT creates revenue visibility  MSW deposit and Un-sorted Land fill waste purchase agreements

80 8

Provinces  RDF Plant Na Dee-Samut Sakhon Ban Bueng-Chonburi Bang Sai-Ayutthaya ,Rayong

120

municipal governments and Waste companies Extensive Network of Suppliers for Waste delivered to Saraburi Plant Plants are invested by TPIPP O u t S i d e P l a n t  Semi Mobile Presorting Plant  Pre-Sorted Land Filled

10 2,000

(3,500)

Contracted Ton per Day

1,600

(3,000)

Nakhon Ratchasima (2) Rayong , Saraburi Ayutthaya, Pathumtani

In Operation Capacity ton per day

800 1,200 MSW and RDF Raw materials Management

Provinces

SLIDE 27 26 Strictly Private & Confidential

MSW and RDF Raw materials Management

SLIDE 28 27 Strictly Private & Confidential

Government Policies for WTE Power Generation in Thailand

SLIDE 29 28 Strictly Private & Confidential

4 Government Policies for WTE Power Generation in Thailand

SLIDE 30 29 Strictly Private & Confidential

น.ส.นฤภัทร อมรโฆษิต เลขาธิการส านักงานคณะกรรมการก ากับกิจการพลังงาน(กกพ.) ในฐานะ โฆษก กกพ. เปิดเผยว่า กกพ.เตรียมออกประกาศรับซื้อไฟฟ้าจากขยะเพิ่มเติม โดยต้องดูรายละเอียด ในแผนพัฒนาผลิตไฟฟ้าประเทศพ.ศ. 2561-2580 (PDP2018)ก่อน ที่มีมติขยายการรับซื้อไฟฟ้า

จากขยะชุมชนอีก 400 เมกะวัตต์ ในปี2580 จากแผนPDPเดิม ที่ก าหนดรับซื้อ 500 เม กะวัตต์ ในปี2579 และรับซื้อไฟฟ้าจากขยะอุตสาหกรรมอีก 44 เมกะวัตต์ จากแผนPDPเดิม

ก าหนดรับซื้อ 50 เมกะวัตต์ ทั้งนี้ กกพ.จะต้องน ามาพิจารณาร่วมกับหน่วยงานที่เกี่ยวข้อง เพื่อก าหนดว่าใน400 เมกะวัตต์ที่เพิ่ม ขึ้นมาจากเดิมนั้นจะแบ่งเป็นการรับซื้อในรูปแบบของโครงการผู้ผลิตไฟฟ้าเอกชนรายเล็ก(SPP) และโครงการผู้ผลิตไฟฟ้าเอกชนรายเล็กมาก(VSPP) ในปริมาณเท่าไหร่ และจะเริ่มทยอยเปิด โครงการรับซื้ออย่างไร

โดย กกพ.คาดว่าภายใน 1-2 เดือนนี้ จะสามารถออกประกาศรับซื้อไฟฟ้าขยะชุมชน ใน รูปแบบ SPP หรือ มีก าลังผลิตไฟฟ้าไม่ต ่ากว่า 10 เมกะวัตต์ได้ ซึ่งจะเป็นการรับซื้อ ไฟฟ้าตามสัดส่วนในแผนPDPเดิม และเบื้องต้น โครงการนี้จะได้รับอัตราเงิน สนับสนุนตามต้นทุนที่แท้จริง(FIT) อยู่ที่ 3.66 บาทต่อหน่วย ภายใต้สัญญาซื้อไฟฟ้า 20-25 ปี ส่วนการก าหนดพื้นที่รับซื้อไฟฟ้าและปริมาณการรับซื้อตามโครงการนี้ ยังต้องรอ

รายละเอียดจากระทรวงมหาดไทยและกระทรวงพลังงานก่อน ซึ่งเบื้องต้นในส่วนของพื้นที่ที่มี ศักยภาพจะด าเนินการในรูปแบบโรงไฟฟ้าSPPได้นั้น จะมีทั้งในเขตกรุงเทพฯ และต่างจังหวัด เช่น พื้นที่อ่อนนุช หนองแขม และจ.นนทบุรี เป็นต้น โดยโรงไฟฟ้าขยะ หลังจากออกประกาศรับซื้อ ไฟฟ้าแล้ว จะมีขั้นตอนด าเนินโครงการและก่อสร้างเสร็จต้องใช้เวลาประมาณ 3 ปี จึงจะผลิตไฟฟ้า เข้าสู่ระบบเชิงพาณิชย์(COD) ได้ “มติ กพช.ที่เห็นชอบให้เอกชนสามารถเสนอตั้งโรงไฟฟ้าขยะชุมชนในพื้นที่ของตัวเอง

หรือพื้นที่อื่นๆที่มีความเหมาะสมได้ จากเดิมที่ อนุญาตให้ตั้งอยู่ในพื้นที่ของเทศบาล หรือองค์กรปกครองส่วนท้องถิ่นนั้น ก็เพื่อรองรับการจัดตั้งโรงไฟฟ้าจากขยะใน รูปแบบ SPP ” น.ส.นฤภัทร กล่าว 4 Government Policies for WTE Power Generation in Thailand

SLIDE 31 30 Strictly Private & Confidential

Future WTE Project Schedule

Project MSW QTY ( Ton/day) MW. FIT (B/ton) Tripping Fee (B/ton) Status COD On Nut > 1,000 > 20 3.66 < 900 Waiting for Result 2021 Nong Khaem > 1,000 > 20 3.66 < 900 Waiting for Result 2021 Korat 500 10 5.78 <500 On TOR Process 2022 Songkhla 700 10 5.78 <500 On Approve Process 2022 WTE-PDP2019 400

WTE Future Project

SLIDE 32 31 Strictly Private & Confidential

Industry Update : Quick win PPA

SLIDE 33 32 Strictly Private & Confidential

Q & A