Gen prepares to sell debentures of 1,085.5 million baht, raising interest at 6.50%. Subscription opens 5-7 July. This is it.

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Mr. Wansaeng Vannawong, Managing Director of Lao Electricity Generating Public Company Limited or EDL-Gen Lao PDR, a leading producer and distributor of clean energy, revealed that the overall performance of EDL-Gen in 2022 is likely to grow continuously. After the first quarter of this year can generate income from selling electricity (in kip currency USD and Thai Baht), totaling 1,072.8 million baht, an increase of 35% and a net profit from operations of 66.2 million baht, an increase of 46% compared to the same period last year. (Exchange rate quoted from Bloomberg on June 2, 2022)

It has been continuously benefited from the La Niña phenomenon since 2021, causing the amount of rainfall and water mass flowing through the dam (in flow) in the first five months of 2022 to 5,306.80 million cubic meters. 202.70% higher than expected and 166.44% compared to the first 5 months of 2021, resulting in increased power generation capacity. including the recognition of profit sharing from operationspower plant projectin which the joint venture with the private sector (IPP) has increased significantly

In the first quarter of 2022, profit sharing from Theun Hinboun project increased by 30%, Don Sahong project 49%, Houay Ho 59% project and Xayaburi 100% project.

the rest of this year The company estimates that there will be approximately 15,626 million cubic meters of water mass flowing through it. 131.96% higher than the same period last year, helping to support more power generation capabilities. EDL-Gen It has the potential to produce electricity to meet the energy demand in Lao PDR. and sell to more ASEAN countries

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In addition, the financial statements for the year 2021 can be seen that the company There is a proportion of revenue from electricity sales, mostly in foreign currency. (Approximately 34% kip, about 51% USD and about 15% Thai baht), making it less affected by foreign exchange fluctuations. cash flow from operations of EDL-Gen therefore have good stability

EDL-Gen has set a strategy to focus on increasing foreign currency revenue by expanding electricity exports to more foreign countries. which in addition to increasing the opportunity to sell electricity will help the company Reduce the risk of foreign exchange rate fluctuations to some extent as well. The projects that export electricity to foreign countries that will start selling commercial electricity (COD) in 2022, such as the project jointly invested with the private sector (IPP) Nam Thuen 1 with a total installed capacity of 650 megawatts, which will transmit electricity. All come to Thailand, 80% of the installed capacity. and the Private Sector Investment Project (IPP) Xekaman3 with a total installed capacity of 250 megawatts, which will supply 90% of the total installed capacity to Vietnam.

Including the project owned by EDL-Gen (HPP) Nam Chiane, which is currently in the final curve of preparation. This is the company’s first project. It is expected to start exporting 104 MW of electricity directly to Vietnam by August. this
In addition, EDL-Gen’s revenue has an opportunity to grow. from the new hydroelectric power plant project that is expected to recognize revenue from the hydroelectric power project Both self-owned projects (HPP) and joint investment projects (IPP) totaling 760.3 megawatts by 2030, making the business potential stronger. EDL-Gen is currently the owner and shareholder of the power plant project. A total of 27 projects with a total installed power generation capacity of 1,692.22 megawatts, of which 10 projects are self-invested (HPP) by EDL-Gen, with a total power generation capacity of 699 megawatts, and 993.22 megawatts in joint investment with the private sector (IPP). Watts, which is divided into 16 hydropower projects with a total generating capacity of 974.02 megawatts and one from solar power, totaling 19.20 megawatts.

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“In addition to EDL-Gen, there will be a 30-year power supply contract to EDL and can be renewed for 10 years each time, with the terms of the contract being able to increase the price of electricity by 1% per year. Signed an MOU with Thailand, where EGAT is the main contracting party, 10,500 megawatts, Cambodia 6,000 megawatts, Vietnam 5,000 megawatts, which will start selling the first lot of electricity to Vietnam within 2022, helping to drive revenue. and the stability of the electricity distribution to neighboring countries in the second half of EDL-Gen increases”

The company also attaches great importance to investment management. and financial costs for Strengthen your financial status Control the financial ratios to an appropriate level, so EDL-Gen has filed a bond offering statement. and draft prospectus to the Office of the Securities and Exchange Commission. and the Stock Exchange of Thailand (SEC) to offer name-bearing debentures Unsubordinated, unsecured, and has a shareholder’s representative No. 1/2022, credit line 1,085.5 million baht, 1 set, 4 years 6 months old, fixed interest rate 6.50%, maturity year 2027, paying interest every 3 months to The proceeds from this fundraising will be used to refinance the existing debentures due in 2022 with a credit rating of the debentures. and debenture issuers at BBB- “stable” outlook.

The said bonds will be offered to institutional investors and/or large investors At the offering price of 1,000 baht per unit, minimum reservation of 100 units. Those interested can subscribe to the debentures through a total of 4 bond underwriters, namely KTBST Securities Public Company Limited, Go Securities Company. Blake Co., Ltd., Phillip Securities (Thailand) Public Company Limited and UOB Kay Hian Securities (Thailand) Company Limited by allowing investors to subscribe on 5-7 July 2022.

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Proofreading….Suree Silawong

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