Page 36 - PSTC - One Report 2023 (EN)

Annual Report 2023 (Form 56-1 ONE REPORT)
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17. PSTC International Co., Ltd. (“PSTC Inter”)
PSTC International Co., Ltd. was established founded on 17 May 2017 to support business growth in investment or generation and distribution of electricity in the renewable energy business or to accept power plant construction contracts with a registered and paid up capital of 5.80 million baht. Currently, the company has no commercial operations.
18. JN Energy Corporation Co., Ltd. (“JN”)
In January 2018, Big Gas Technology (a subsidiary), invested by purchasing common shares of JN Energy Corporation Co., Ltd. Currently, JN has a registered and paid up capital of 317.50 million baht. JN Energy Corporation Co., Ltd. is engaged in the business of LPG and NGV stations with two NGV stations. One station is located in Kaeng Khoi, Saraburi, and began operations in May 2016. Another station is located in Nam Phong, Khon Kaen, and began operations in March 2018.
19. Thai Pipeline Network Co., Ltd. (“TPN”)
Thai Pipeline Network Co., Ltd. was established on 1 October 2015 with a registered and paid up capital of 2,450.00 million baht. Big Gas Technology Co., Ltd., a subsidiary of Power Solution Technology Public Co., Ltd., has a ratio of investment in TPN at 55.4 percent to operate a project to expand oil pipeline systems and depots in the northeastern region with pipelines connecting the Saraburi oil depot of Thai Petroleum Pipeline Co., Ltd. to the Khon Kaen oil depot of TPN in Ban Pai, Khon Kaen, which has a capacity of 157 million liters. The pipeline has a total length of 342 kilometers with a pipeline oil transportation capacity of 5,443 million liters per year which can be expanded to a maximum of 7,330 million liters per year. The Khon Kaen depot first received oil on 5 September 2022. The Company is currently testing oil depot systems and expects to launch commercial services of the entire TPN network in Quarter 1/2023.
The project aimed at expanding the oil transportation system into the Northeast region promises substantial long-term benefits for both the company and Thailand. This is primarily due to the efficiency of pipeline transportation, which surpasses other methods in terms of speed and reliability. With a singular pipeline capable of accommodating various oil types, energy consumption for transportation and vehicle maintenance costs are significantly reduced, while transportation times are streamlined. Moreover, pipeline transport operates seamlessly regardless of weather conditions, offering unparalleled security against loss or theft. The system’s fixed transportation schedule minimizes the need for extensive labor, thereby reducing associated costs. By alleviating traffic congestion and mitigating accidents inherent in road transportation, the pipeline system not only enhances operational efficiency but also underscores the company’s commitment to social and environmental responsibility by curbing pollution.
20. BGT Logistics Co., Ltd. (“BGT”)
BGT Logistics Co., Ltd. was established founded on 20 January 2015 with a registered capital of 20 million baht and a purpose to operate in the business of transporting natural gas for vehicles, fuel oil and all types of flammable and hazardous materials.