"Together, towards
a sustainable future"
Form 56-1 One Report 2023 RATCH Group Public Company Limited
"Together, towards
a sustainable future"
Our responsibility to the world is to create a better world with green energy to sustainably achieve carbon neutrality in 2050.
004
V I S I O N
TO BECOME
A LEADING
VALUE-ORIENTED
ENERGY AND
INFRASTRUCTURE
COMPANY
IN ASIA PACIFIC.
S T R A T E G Y
Strength Strategy
Conduct business efficiently; Generate revenue and return for a strong foundation
for the future; Aim to develop the organization towards excellence. | S1 |
Synergy Strategy | S2 |
Conduct an integrative business and expand cooperation with leading domestic | |
and international partners; Increase opportunities for sustainable growth | |
in the Power Business and Non-Power Business with potential of the business chain; | |
Focus on innovation to expand and create added value in the future. | |
Sustainability Strategy | S3 |
Sustainability Strategy - Support renewable energy; Caring for | |
the environment, society, and corporate governance for sustainable security. |
Form 56-1 One Report 2023 | RATCH Group Public Company Limited | 005 |
M I S S I O N
To ensue | To achieve | To conduct | To raise employees' | To support | To seek new |
shareholders' | operational | business with | awareness and | Thailand's | opportunities |
value creation | excellence | fairness and | motivation of | electricity | and alternatives |
by generating | and enhance | strict compliance | self-development | security and | in related and |
sustainable | competitiveness. | with all | in preparation for | infrastructure. | other businesses |
financial returns | relevant laws | future business | to generate | ||
with governance | and regulations. | competition and | growth and | ||
and accountability | changes | expand business | |||
for the environment | base for | ||||
and society. | shareholders. |
LO N G - T E R M TA RG E T
F O R 2 0 2 7
T1
Generate returns from the business to increase EBITDA by accounting for the EBITDA ratio of non-power business greater than or equal to 5% by 2027.
T2
Expand investment in renewable energy to 25% of total capacity.
T3
Integrate and make the most of the wide range of businesses in operation.
T4
Support Carbon Neutrality and sustainable corporate growth by caring for the environment, society, and corporate governance.
C O R P O R AT E VA L U E
POWER OF PROFESSIONAL
Be Entrepreneurial
Commit to Integrity
POWER OF INNOVATION
Boost Agility
Encourage Innovation
POWER OF TEAMWORK
Excel Synergy & Collaboration
Strengthen Partnership
006
C O N T E N T
008
Definition
010
Board of Directors
014
Management Team
016
Message from Chairman
020
Audit Committee's Report
022
Human Resources and
Remuneration Committee's Report
024
Corporate Governance and
Sustainability Committee's Report
026
Investment Committee's Report
027
Risk Management Committee's Report
028
Major Shareholders
030
Financial Highlights
032
Awards and Achievements
PART 1
034 Business Operations and Performance
035 1. Structure and Operations | 102 3. Driving Business Towards Sustainability | ||||
035 | 1.1 | Policy and Business Overview | 102 | 3.1 | Sustainability Policy and Targets |
045 | 1.2 | Nature of Business | 103 | 3.2 | Managing Stakeholders Impacts on Business |
092 | 1.3 | Shareholding Structure of the Group | 111 | Value Chain | |
096 | 1.4 | Registered and Paid-Up Capital | 3.3 | Sustainability Management | |
096 | 1.5 | Issuance of Other Securities | 118 | in Environmental Dimension | |
3.4 | Sustainability Management | ||||
097 | 1.6 | Dividend Payment Policy | |||
in Social Dimension | |||||
098 2. Risk Management
098 2.1 Risk Management Policy
099 2.2 Risk factors for the Company's business operations
129 4. Management Discussion and Analysis
156 5. General Information and Other Important Information
156 5.1 General Information
- 5.2 Other Important Information
- 5.3 Legal Disputes
157 5.4 Secondary Market
157 5.5 Frequently Contacted Financial Institutions
Form 56-1 One Report 2023 | RATCH Group Public Company Limited | 007 |
PART 2
158 Corporate Governance
159 6. Corporate Governance Policy
159 6.1 Overview of Corporate Governance Policies and Guidelines
159 6.2 Policies and Guidelines Relating to Shareholders and Stakeholders
179 6.3 Code of Conduct
179 6.4 Supervision of Subsidiaries, Affiliates and Joint Ventures
180 7. Corporate Governance Structure and Significant Information on the Board of Directors, Sub-Committees, Executives, Employees, and Others
- 7.1 Corporate Governance Structure
- 7.2 The Board of Directors
- 7.3 Information on Executives
- 7.4 Information on Employees
- 7.5 Other Significant Information
212 8. Internal Control and Related Party Transactions
212 8.1 Internal Control
218 8.2 Related Party Transactions
PART 4
321 Attachment
322 Attachment 1
Profile of the Board of Directors, Executives and Company Secretary
354 Attachment 2
Profile of the Board of Directors and Executives, Ratchaburi Electricity Generating Company Limited
365 Attachment 3
Details about Head of Internal Audit and Head of Compliance
-
Attachment 4
Details of Assets for Business Operations and Asset Valuation - Attachment 5
Corporate Governance Policy and Guidelines and Code of Conduct of the Company
382 Attachment 6
Audit Committee's Report
383 Information of Companies RATCH Invests in
PART 3
237 Financial Statements
- Report of the Board of Directors' Responsibilities for Financial Reports
- Financial Statements
008
D E F I N I T I O N
Full name | Abbreviation | |||
• RATCH Group Public Company Limited | The Company | |||
• RATCH Group Public Company Limited, subsidiaries and associates | The Group | |||
The Group's Power Plants | ||||
Domestic Power Plants | ||||
Conventional Power Plants | ||||
• Ratchaburi Power Plant, Ratchaburi Electricity Generating Company Limited | Ratchaburi Power Plant | |||
• Ratchaburi Power's Power Plant, Ratchaburi Power Company Limited | Ratchaburi Power's Power Plant | |||
• Hin Kong Combined Cycle Power Plant, Hin Kong Power Company Limited | Hin Kong Combined-Cycle Power Plant | |||
• Ratchaburi World Cogeneration Company Limited's SPP Power Plant | Ratchaburi World SPP Power Plant | |||
• Nava Nakorn Electricity Generating Company Limited's SPP Power Plant | Nava Nakorn SPP Power Plant | |||
• Nava Nakorn Electricity Generating Company Limited's SPP Power Plant (Extension) | Nava Nakorn SPP Power Plant (Extension) | |||
• Berkprai Cogeneration Company Limited's SPP Power Plant | Berkprai Cogeneration SPP Power Plant | |||
• RATCH Cogeneration Company Limited's SPP Power Plant | RATCH Cogeneration SPP Power Plant | |||
• RATCH Cogeneration Company Limited's SPP Power Plant (Extension) | RATCH Cogeneration SPP Power Plant (Extension) | |||
• RATCH Energy Rayong SPP Power Plant, RATCH Energy Rayong Company Limited | RATCH Energy Rayong SPP Power Plant | |||
• Independent Power Supply Project, R E N Korat Energy Company Limited | R E N Korat Energy Power Plant | |||
• Sahacogen (Chonburi) Public Company Limited | Sahacogen Power Plant | |||
Renewable Power Plants | ||||
• Solarta Solar Farm, Solarta Company Limited | Solarta Solar Farm | |||
• Solar Power Korat 3 Solar Farm, Solar Power (Korat 3) Company Limited | Solar Power Korat 3 Solar Farm | |||
• Solar Power Korat 4 Solar Farm, Solar Power (Korat 4) Company Limited | Solar Power Korat 4 Solar Farm | |||
• Solar Power Korat 7 Solar Farm, Solar Power (Korat 7) Company Limited | Solar Power Korat 7 Solar Farm | |||
• Huay Bong 2 Wind Farm, K. R. Two Company Limited | Huay Bong 2 Wind Farm | |||
• Huay Bong 3 Wind Farm, First Korat Wind Company Limited | Huay Bong 3 Wind Farm | |||
• Songkhla Biomass Power Plant, Songkhla Biomass Company Limited | Songkhla Biomass Power Plant | |||
Overseas Power Plants | ||||
• Hongsa Thermal Power Plant, Hongsa Power Company Limited in Lao PDR | Hongsa Thermal Power Plant |
- Xe-PianXe-Namnoy Hydroelectric Power Plant, Xe-PianXe-NamnoyXe-PianXe-Namnoy Hydroelectric Power Power Company Limited in Lao PDR
• Nam Ngum 2 Hydroelectric Power Plant, Nam Ngum 2 Power Company | Nam Ngum 2 Hydroelectric Power Plant |
Limited in Lao PDR | |
• Renewable Power Plant by EDL-Generation Public Company | Renewable Power Plant by EDL-Generation |
• Xekong 4A and 4B Hydroelectric Power Plants, in Lao PDR | Xekong 4A and 4B Hydroelectric Power Plant |
• RATCH-Australia Corporation Limited's power plants in Australia | RATCH-Australia Power Plants |
• Riau Combined-Cycle Power Plant, PT Medco Ratch Power Riau in Indonesia | Riau Combined-Cycle Power Plant |
• Asahan-1 Hydroelectric Power Plant, Fareast Renewable Development | Asahan-1 Hydroelectric Power Plant |
Pte. Ltd. in Indonesia |
Form 56-1 One Report 2023 | RATCH Group Public Company Limited | 009 |
Full name | Abbreviation | |
• Paiton Energy Thermal Power Plant in Indonesia | Paiton Energy Thermal Power Plant | |
• Thang Long Coal-Fired Power Plant in Vietnam | Thang Long Coal-Fired Power Plant | |
• Ecowin (Thanh Phong) Wind Farm in Vietnam | Ecowin (Thanh Phong) Wind Farm | |
• Nexif Energy Ben Tre Wind Farm in Socialist Republic of Vietnam | Nexif Energy Ben Tre Wind Farm | |
• Song Giang 1 Hydroelectric Power Plant in Vietnam | Song Giang 1 Hydroelectric Power Plant | |
• Song Giang 2 Hydroelectric Power Plant in Vietnam | Song Giang 2 Hydroelectric Power Plant | |
• Minh Luong Hydroelectric Power Plant in Vietnam | Minh Luong Hydroelectric Power Plant | |
• Calabanga Solar Farm in the Philippines | Calabanga Solar Farm | |
• NPSI Solar Farm in the Philippines | NPSI Solar Farm | |
The Group's Infrastructure Projects, Related and Other Businesses | ||
• Optic Fiber Network Project, Smart Infranet Company Limited | Optic Fiber Network Project | |
• Internet of Things Project, Things on Net Company Limited | Internet of Things Project | |
• Sandin Tap Water Project, Asia Water Company Limited in Lao PDR | Sandin Tap Water Project | |
• MRT Pink Line Project (Khae Rai - Min Buri), Northern Bangkok Monorail | MRT Pink Line Project | |
Company Limited | ||
• MRT Yellow Line Project (Lat Phrao - Samrong), Eastern Bangkok Monorail | MRT Yellow Line Project | |
Company Limited | ||
• Principal Capital Public Company Limited | PRINC | |
• Principal Healthcare Company Limited | PRINH | |
• Principal Healthcare - Sakon Nakhon Company Limited | PRINC Hospital Sakon Nakhon | |
• Principal Healthcare - Mukdahan Company Limited | PRINC Hospital Mukdahan | |
Other Organizations | ||
• The Securities and Exchange Commission | SEC | |
• The Stock Exchange of Thailand | SET | |
• Thailand Securities Depository Company Limited | TSD | |
• Thai Institute of Directors | IOD | |
• Metropolitan Electricity Authority | MEA | |
• Electricity Generating Authority of Thailand | EGAT | |
• Provincial Electricity Authority | PEA | |
• Mass Rapid Transit Authority of Thailand | MRTA | |
Technical Terms | ||
• A company whose ordinary shares are listed on the Stock Exchange of Thailand | Listed Company | |
• Power Development Plan | PDP | |
• Independent Power Producer | IPP | |
• Small Power Producer | SPP | |
• Very Small Power Producer | VSPP |
010
B OA R D O F D I R E C T O RS
01. | 02. |
Mr. Sutat Patmasiriwat | Mr. Praphaisith Tankeyura |
Chairman | Independent Director |
(Independent Director) | Chairman of the Audit Committee |
Chairman of the Investment Committee | Member of the Risk Management Committee |
01 | 02 |
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Ratchaburi Electricity Generating Holding pcl published this content on 18 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 March 2024 05:16:02 UTC.