Page 77 - PSTC - One Report 2023 (EN)

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Power Solution Technologies Public Company Limited
4. Liquefied Natural Gas (LNG) Purchase Agreement
Biggas Technology Co., Ltd., a subsidiary of the Company, entered into an LNG purchase agreement with PTT Public Company Limited
Contract Party : Date : Performance Period :
Collateral :
PTT Public Company Limited 6 March 2018
The 10-year period started from 1 August 2018 onward with the buyer having the right to renew the contract for another 5 years.
Starting at 5,000,000 baht; incases where the monthly LNG
value is greater than half the payment collateral value, the buyer is required to place at least twice the collateral.
5. Power Purchase Agreement (PPA)
PST Power Joint Venture, a subsidiary of the Company, has entered into a contract for the sale of energy products with PTT Public Company Limited with the following details:
Contract Party
Date
Performance Period
Collateral Processing Fee
: PTT Public Company Limited
: 4 March 2020
: The term is 10 years; the buyer has the right to renew the contract for another
5 years.
: Starting at 12,500,000 baht.
: The contract value is 250,000,000 baht (VAT not included).
6. Contract to establish an NGV service and trade station.
6.1 JN Energy Corporation Limited, a subsidiary of the Company, entered into a contract for the establishment of NGV natural gas service and trading station No. 1/58/A.1 with PTT Public Company Limited. The details are as follows:
Contract Party
Date
Performance Period
Collateral
: PTT Public Company Limited
: 22 January 2018
: The Contract is effective from the date on which both parties have properly and
fully signed it and will end upon the expiration of the period of 20 (twenty) years
from the date specified in the Contract.
: ThebuyeragreestopurchasePTTgasinanamountnotexceeding1millionkilograms,
and the buyer agrees to place collateral in the form of a bank guarantee agreement at no less than twice the monthly gas value in the amount of 23,400,000 baht with PTT for compliance with the contract.