"TRANSLATION"
RH 309 /2010
5th August 2010
Subject: The Entering into Finance Documents of Hongsa Thermal Power Plant Project
Attention: The President of the Stock Exchange of Thailand
Reference:
1. Letter No. RH 50/2009 dated 5th February 2009 entitled "The Shareholder Agreements for the Development of Hongsa Power Plant Project in Lao People's Democratic Republic"
2. Letter No. RH 240/2009 dated 14th May 2009 entitled "Progress Development of Hongsa Power Plant Project"
3. Letter No. RH 486/2009 dated 27th October 2009 entitled "The Establishment of Hongsa Power Company Limited and Phu Fai Mining Company Limited"
4. Letter No. RH 540/2009 dated 30th November 2009 entitled "Notification of Progress Development of Hongsa Thermal Power Plant Project"
5. Letter No. RH 113/2010 dated 2nd April 2010 entitled Notification of the Power Purchase Agreement of Hongsa Thermal Power Plant Project"
Reference is made to the notifications respectively released as such mentioned above by Ratchaburi Electricity Generating Holding Public Company Limited ("the Company") to the Stock Exchange of Thailand ("the SET") about its investment in Hongsa Thermal Power Plant Project that is located in Lao People's Democratic Republic.
The Company would like to inform the SET that on 5th August 2010, the Hongsa Power Company Limited; the operator of the Hongsa Thermal Power Plant Project ("the Project"), has successfully achieved the Project's financing through the signing of the Finance Documents with 9 Thai financial institutions. The Finance Documents include facility agreements of the total amount of 2,783 million USD or 94,620 million Baht approximately. The debt to equity ratio of the Project is 75:25.
The 1,878 MW. Hongsa Thermal Power Plant Project is using lignite as its primary fuel. The Project value is at 3,710 million USD and its location is in Hongsa District, Xayaboury Province, Lao People's Democratic Republic. The shareholders are Ratchaburi Electricity Generating Holding Public Company Limited (40 per cent), Banpu Power Company Limited (40 per cent), and Lao Holding State Enterprise (20 per cent). The commercial operation for Unit 1 and 2 are scheduled in 2015 and Unit 3 in 2016.
Please be informed accordingly and kindly disseminate the information herein to investors.
Sincerely yours,
Mr. Noppol Milinthanggoon
President
Corporate Secretary Office
Tel. 66(0) 2794 9510
66(0) 2794 9515-6
Fax 66(0) 2794 9929
Attachments