Page 33 - PSTC - One Report 2023 (EN)

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Power Solution Technologies Public Company Limited
4. PST Energy Co., Ltd. (“PSTE”)
PSTE Energy Co., Ltd. was established founded on 6 March 2015 to operate an investment business with a registered and paid-up capital of 1,082.7 million baht.
5. PST Energy 1 Co., Ltd. (“PSTE 1”)
PST Energy 1 Co., Ltd. was established founded on 21 September 2015 to invest or generate and distribute electricity in the renewable energy business or to accept contracts to construct power plants or enter into joint ventures with a registered capital of 100 million baht and a paid-up capital of 76.50 million baht. The company operates one electricity generation project to generate electricity from renewable energy as an SPP Hybrid Firm with a generation capacity of 23.42 megawatts.
6. PST Energy 2 Co., Ltd. (“PSTE 2”)
PST Energy 2 Co., Ltd. was established founded on 14 September 2015. The company is engaged in the solar power plant business to generate and distribute electricity to the PEA. Currently, PST Energy 2 Co., Ltd. has a registered and paid-up capital of 65.7 million baht. PST Energy 2 Co., Ltd. has a power purchase/sale agreement for purchases from very small power producers (VSPP) who generate electricity from solar panels installed on the ground for government agencies and agricultural cooperatives with the Provincial Electricity Authority (PEA). The agreement is for a generation capacity of 4.999 megawatts with a feed-in tariff of 5.66 baht per kilowatt-hour for 25 years frm the commercial operation date (COD). The aforementioned solar power plant is located in Ampawa, Samutsongkram, and was connected to the power grid to begin distribution on the commercial operation date (COD) on 12 January 2017.
7. Global Solar Energy Co., Ltd. (GSE) (formerly PST Energy 4 Co., Ltd. (“PSTE 4”))
Global Solar Energy 4 Co., Ltd. was established founded on 25 September 2015 to invest or generate and distribute electricity in the renewable energy business or accept a contract to construct power plants or enter into joint ventures with a registered capital of 60 million baht and a paid-up capital of 30 million baht. Currently, the company has no commercial operations.
7.1 PSTC 1 Company Limited ( “PSTC 1”) was established on March 3, 2023, to invest in or produce and distribute electricity in the renewable energy business, and undertake the construction of power plants. The registered capital is 50 million baht and a paid-up capital of 12.50 million baht, held by Global Solar Energy Limited, a subsidiary of the company, at 100%.
7.2 PSTC 2 Company Limited (“PSTC 2”) was established on September 15, 2023, to invest in or produce and distribute electricity in the renewable energy business, and undertake the construction of power plants. The registered capital is 1 million baht and a paid-up capital of 1 million baht, held by Global Solar Energy Limited, a subsidiary of the company, at 100%.