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To be recognized as a pioneer Asian power company with a strong reputation for sustainable development, friendly community relations, and respect for the natural environment.

Banpu Power was established in Thailand in December 1996. The Company was created to become the group’s flagship company in relation to power business investments, holding all power assets in Thailand, Laos, China, and Japan. BPP’s management has a proven track record of over 20 years of experience while co-investing with prominent partners across its assets. In operating BPP’s assets, it emphasizes on meeting and exceeding the required emission standards as well as involvement within the community through corporate social responsibilities.

Banpu Power intends to continue growing regional portfolio to increase installed equity capacity to reach 5,300 MWe by 2025 include based-load capacity of 4,500 MWe and renewable business through its 50% stake in Banpu NEXT of 800 MWe . BPP continue to develop the committed projects to achieve COD as planes, seek for investment opportunity to secure more projects and expand capacity, to strengthen the company’s operational and growth plan while emphasize on the sustainable benefits to all stakeholders.

Banpu Power expect to continue expanding into the renewable energy sector and plan to expand our renewable energy portfolio beyond solar power to capture hydro, wind and biomass power. We aim to have renewable energy in our portfolio through the expansion of Banpu NEXT business.

Hongsa Power Company Limited received a 25-year concession (2016-2041) from the Government of Laos to build a mine-mouth power plant consisting of three units, each having a production capacity of 626 megawatts of electricity. The COD (Commercial Operation Date) of the Unit 1-3 had successfully made on June 2, 2015, The COD of the Unit 2 on 2 November 2015 and the COD of the Unit 3 on 2 March 2016 and with the full capacity of 1,878 megawatt, Hongsa Power will secure energy supply of Thailand and Laos along 25 years.

Consistent with market practice in the PRC, BPP’s China CHP plants sell power generated under annual PPAs and are subject to renewal every year. The annual PPAs typically provide an amount of power to be sold for the year, but actual amount may be adjusted based on factors such as additional steam load generation or the grid requiring more dispatch. Power tariff is a fixed tariff determined by NDRC and adjusted periodically in accordance with prevailing coal price and other relevant factors stated in the contract.

Banpu Power operated in many countries where each of the projects has different fuel supply contract structure. For BLCP, there will be the fuel pass-through mechanism. For Hongsa, which is a mine-mouth power plant, coal from the mine will be supplied directly to the power plant; however the fuel pass-through mechanism will be applied to the oil price that used for mining operations in Hongsa which can be fluctuated followed the world commodity market. While in China CHP operations, as a market practice, each CHP plant has to purchase coal on Spot market, however the electricity tariff and steam price will be adjusted to reflect the change in cost of fuel or coal price in the country.

We have a policy to pay dividends at the rate of not less than 50.0% of our consolidated net profits after deducting any reserve funds as required by law or as we may establish where appropriate. However, our dividend payment policy may be subject to changes, depending on our cash flows and our investment obligations, including any limitations under law and other necessity.

Banpu power's shareholders ARE NOT entitled to dividend tax credits because the dividends or sharing of profits are already exempted from corporate income tax calculation.

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