Gunkul Engineeering Public Company Ltd :Investment in Solar Power Plant, Kentos Project, Utsunomiya City, Tochigi Province, Japan
Refer to Board of Directors Meeting no. 6/2016 of Gunkul Engineering Public Company Limited (the Company) held on 25th August 2016, the Meeting approved the investment in solar power plant, Kentos Project, Utsunomiya City, Tochigi province, Japan with capacity at 66.78 MW in Power Purchase Agreement and 72.80 MW installation, and total project value approximately at JPY 24,017 million or THB 8,391 million1 . The Company invested through Gunkul International (Mauritius), one of the Company’s subsidiaries, at 100% shareholding, and has appointed Future Asset Management to support the operation in TK Structure. Kentos project is the third solar power plant project by the Company in Japan. This transaction, however, considered as acquisition of assets according to the Disclosure of Information and Other Acts of Listed Companies Concerning the Acquisition and Disposition of Assets, 2004 by the Stock Exchange of Thailand.
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