Bangkok--13 May--Market-comms Mr.Visit Akaravinak, President of Electricity Generating Public Company Limited or EGCO Group, reveals that the company’s performance for the first quarter of 2008 ended March 31, was Baht 2,817 million a net profit or Baht 5.35 earnings per share, an increase of Baht 286 million or 11 percent compared to net profit of Baht 2,531 million in the same period of last year. The increase is resulted from the recognition of revenue from BLCP power plant and Kaeng Khoi 2 power plant — Unit 1 and 2 achieving COD in May 2007 and February 2008 respectively. “EGCO Group will emphasize on increasing investments in ASEAN markets such as Laos PDR, Vietnam, Cambodia, and Myanmar in order to ensure the future growth of the company. In terms of the electricity generating investment schemes, EGCO Group will maintain the 70:30 ratio investments for local and overseas. The company has already submitted a bidding document of USD 1.3 billion worth Nghi Son 2 power plant project in Vietnam. The investment ratio of such a 1,200 MW coal-fired power plant between EGCO Group, One Energy Thailand and its Vietnamese business partner will be 25:60:15 respectively.” Mr. Visit said. “We currently have 3 project investments in Laos PDR, comprise of Nam Theun 2 hydropower plant which is 85% complete and will commence commercial operations by the end of 2009. Nam Ou Hydropower Project is under negotiation with Sinohydro Corporation, China and the Lao Holding State Enterprise on the investment feasibility study. Initially, EGCO Group plans to invest 20 percent of the project along with 75 percent and 5 percent from China and Laos respectively. In case of Nam Theun 1 Hydropower project, the company is negotiating the PPA with EGAT, which expected to have conclusion within the end of this year. The construction will be started in the second quarter of the year 2009, and the revenue will be recognized by 2014 year end or the beginning of 2015.” Visit said. Besides the emphasis of investments in neighboring countries, EGCO Group also focuses on investment in a domestic project in Thailand relating to fuel storage and supply. As for renewable energy projects, EGCO Group will continue to pursue investment opportunities in prospective domestic projects wind, waste, and biomass as fuel sources. Recently, the company has signed a memorandum of understanding with PTT and TRC to conduct a feasibility study in 45 MW small power producer (SPP) project in Ladkrabang Industrial Estate. The investment is worth about Baht 1 billion with EGCO Group, PTT, and TRC owning 35:35:30 percent respectively. If the study shows that the project is feasible, the construction should be able to start by the fourth quarter of this year.” Mr. Visit finished. Currently, EGCO Group is owned 25.41 percent by EGAT, 22.42% by One Energy Thailand, and 52.17 percent by Thai and foreign investors.About EGCO Group The Electricity Generating Public Company Limited or EGCO Group is the leading Thai integrated power company which provides electricity generation and comprehensive energy services. With the corporate philosophy to grow business over a long term, EGCO Group efficiently runs our electricity generating business while taking care of the environment and the society to maintain the balance between economics return and social and environment contribution which will lead to national sustainable development. At present EGCO has a generation capacity of 3,876 MW from fourteen power plants For more information, please contact: Vilaiporn Su-angkha Tel. 08 1173 8233 Sarawut Burapapat Tel. 08 9897 8242 Market-comms Co.,Ltd. Fax: 0 2575 2418 Siriwan Jiravisitkul Corporate Communications Division of EGCO Group Tel: 0 2998 5137, 08 1240 6798 Fax: 0 2955 0956 ext 5137