Electricity Generating : Annual Report 2010

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Electricity Generating

Transcript of Electricity Generating : Annual Report 2010

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  • 012

    Awards and RecognitionEGCO May 6th best listed companies in Thailand and 4th best public companies in energy and utility sector in a poll conducted by Finance and Banking Magazine 8th best listed companies in Thailand for being most committed to a strong dividend policy in a poll conducted by FinanceAsia. 8th best companies in the energy sector in a survey on 2010 Thailands most admired companies conducted by Thaicoon Magazine.August An excellent showcase for shareholder meeting with the full score of 100 in the quality assessment of 2010 Annual General Shareholders Meeting organized by the Thai Investors Association.November Being selected one of the 15 candidates for transparent organization in a contest hosted by the Office of the National Anti-Corruption Commission Corporate Social Responsibility Award for listed company with the market capitalization over 10,000 million baht from the SET Awards hosted by the Stock Exchange of Thailand (SET) and the Finance and Banking Magazine. December Excellent Corporate Governance Performance in 2010 by IOD with the score of 94 and full score in two categories being the rights of shareholders and role of stakeholders

    Khanom Electricity Generating Co., Ltd. (KEGCO)July 8 National Safety Awards for the 11th consecutive year, at the 24th National Work Safety Week by Ministry of Labor. August 27 Outstanding Establishment in the year 2010 for Achievement on Labor Relations and Welfare for the 4 consecutive years, by Ministry of Labor.

    Roi Et Green Co., Ltd. (Roi Et Green)July 8 National Safety Awards for the first year, at the 24th National Work Safety Week by Ministry of Labor. EGCOM Tara Co., Ltd. (EGCOM Tara)September 24 Certificate for Quality of Drinking Water by Ministry of Public Health for 8 consecutive years. October 7 Certificate for Drugs Free Workplace: Excellent Level 2010 by Ministry of Labor.October 18 Certificate audit for Environment Management System: EMS Stage II by Ministry of Industry.December 16 Excellent Healthy Workplace by Ministry of Public Health for the 4 consecutive years.

    2010 Highlights

    EGCO Groups philosophy is to conduct the business ethically for the benefits of the stakeholders namely shareholders, customers, suppliers, employees, communities and environment for sustainable development.

  • 013

    Business ActivitiesA. Incorporation/Acquisition/Business Transfer/New InvestmentJanuary 6 EGCO Engineering & Service Co., Ltd. (ESCO)s acquisition of additional ordinary shares in Egcom Tara Co., Ltd. (Egcom Tara), increasing its ownership interest from 70.07% to 74.19%.January 19 Power Generation Services Co., Ltd. (PGS)s business transfer and merging into BLCP Power Limited (BLCP) followed by PGSs liquidationMarch 4 Natural Energy Development Co., Ltd. (NED) signing a Power Purchase Agreement (PPA) with Electricity Generating Authority of Thailand (EGAT) to sell 55 MWs from solar power plant for a period of 5 years from the Commercial Operation Date (COD) April 30 Commercial Operation of Nam Theun 2 project, hydroelectric power plant with the installed capacity of 1,086.80 MWs (948 MWs of which is contracted to EGAT) located in the Lao PDR.July 16 Incorporation of North Pole Investment Company Limited in MauritiusSeptember 29 EGCOs acquisition of additional 450,000 shares or 10% of the outstanding shares in Nam Theun 2 Power Company Limited (NTPC) from Italian-Thai Development Public Company Limited, increasing its ownership interest in NTPC from 25% to 35%November 29 Incorporation of New Growth Cooperatief U.A. in the Netherlands.December 9 Incorporation of New Growth B.V.in the Netherlands.December 13 New Growth B.V.s execution of Sale and Purchase Agreement with Covanta Energy International Investments Ltd. for the acquisition of 100% of the outstanding shares of Ogden Power Development Cayman Inc and 100% of the outstanding shares of Covanta Philippines Operating Inc. providing EGCO with an indirect 52.125% and 100% beneficial ownership interest in Quezon Power (Philippines) Limited Company and Covanta Philippines Operating Inc. respectively.

    B. Accreditation of Standard Systems

    Rayong Power PlantMarch 16-18 Passing surveillance audit for ISO14001:2004 and TIS./OHSAS 18001:2007 by MASCI (Management System Certification Institute - Thailand) May 6 Passing surveillance audit for ISO9001:2008 by TUV NORDDecember 13-15 Passing re-assessment ISO14001:2004 and surveillance audit TIS./OHSAS 18001:2007 by MASCI (Management System Certification Institute - Thailand)

    KEGCOJanuary 19-22 Passing re-certificate audits for ISO 9001:2008 (Quality Management), TIS 18001:1999 & OHSAS 18001:2007 (Occupational Health and Safety Management), and ISO14001:2004 (Environmental Management) by TUV NORDNovember 23 Passing surveillance audit for ISO 9001:2008 by TUV NORD

  • 014

    EGCO Engineering and Services Co., Ltd. (ESCO)June 3 Passing surveillance audit no. 3 for ISO9001:2000 in the provision of Management of Operation and Maintenance of Power Plant and Factory by SGS November 4 Passing surveillance audit no. 4 for ISO9001:2000 in the provision of Management of Operation and Maintenance of Power Plant and Factory by SGS and was up graded to ISO 9001:2008 version

    EGCOM TaraFebruary 17 Passing surveillance audit no.1 for ISO14001:2004 by United Registrar of Systems (Thailand) Limited (URS : UKAS)April 1 Passing certificate audit for ISO9001:2008 (Upgrade version) by United Registrar of Syst