Page 74 - PSTC - One Report 2023 (EN)

Annual Report 2023 (Form 56-1 ONE REPORT)
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5.2.3 Summary of key points in contracts:
1.Space lease for rooftop solar power generation projects.
1.1 Solar Green Co., Ltd., a subsidiary of the Company, has entered into a long-term lease agreement for use in the solar PV rooftop project in Samut Songkhram Province. The details are as follows:
Contract Party Date
Lease Term
Land Address
Lease Fee
Lease Fee Adjustments
: Maeklong Fishery Cooperative Ltd.
: 9 September 2013
: 25 years from the date the lessee commences with power sales
to the Provincial Electricity Authority. The lessee is required to notify the lessor of the start date of the lease term within 30 days from the date of commencement of power sales.
: 207/18 Moo 5 Laem Yai Subdistrict, Muang District, Samut Songkhram Province
: Space lease fee of 90,000 baht per month
: The lessor has the right to adjust the monthly lease fee upon the expiration of the
lease terms at the 5th, 10th, 15th and 20th years, with each adjustment being at the rate of 10 percent of the original lease fee.
1.2 Power We Green Co., Ltd., a subsidiary of the Company, has entered into a long-term lease agreement for use in the solar PV rooftop project in Nonthaburi Province. The details are as follows:
Contract Party Date
Lease Term
: Precast Company Engineering Co., Ltd.
: 8 April 2014
: 25 years from the date after this lease agreement is made.
After entering into this lease, the lessor affirms that,
within a period of 52 days from the date of this agreement,
the lessor shall not collect the lease fee from the lessee because the lessor will grant the lessee a period of time to proceed with
the construction and complete the installation of electrical power generation equipment on the leased area.