No. EGCO 110/398
Date: | April 17, 2020 |
Attention: | President of the Stock Exchange of Thailand |
Subject: | Completion of the investment in Yunlin Holding GmbH |
Reference is made to the letter of Electricity Generating Public Company Limited ("EGCO") No. EGCO 110/1251 dated December 20, 2019 informing the Stock Exchange of Thailand ("SET") that Greenwing Energy B.V., a wholly owned subsidiary of EGCO, entered into a share purchase agreement to acquire a 25% ownership interest in Yunlin Holding GmbH ("Yunlin") owned by Taiwan Offshore Holding GmbH (the "Transaction") on December 19, 2019. This investment was approved by the Board of Directors of EGCO in the Meeting No.12/2019 held on November 22, 2019.
Yunlin is a holding company which owns 100% of Yunneng Wind Power Co., Ltd. of Taiwan (the "Project Company"). The Project company is constructing a 640MW offshore wind farm which will be situated in the Taiwan Strait approximately 8 km west of the coast of Yunlin County in Taiwan. Commissioning of the project will occur in phases, with phase 1 comprising 352MW scheduled for completion in Q4 2020, and phase 2 comprising 288MW scheduled for completion in Q3 2021.
Herewith, EGCO would like to notify the SET that the Transaction was completed on April 17, 2020.
Please be informed accordingly and kindly disseminate the information herein to investors.
Yours sincerely,
Gumpanart Bumroonggit
Senior Executive Vice President - Strategy & Asset Management and
Acting President
Corporate Secretary Division
Tel. 0 2998 5020 - 27
Attachments
- Original document
- Permalink
Disclaimer
EGCO - Electricity Generating pcl published this content on 17 April 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 April 2020 10:21:05 UTC