REPORTS SIGNING OF LAND PURCHASE CONTRACT

Electricity Generating Plc. (EGCOMP) reported that Amata Eggo Power Co., Ltd. (in which EGCOMP hold 33.77% of the shares) has, on August 29, 1996, signed a contract with Bangpakong Industrial Park 2 Co., Ltd. to buy a piece of land worth Bt179,701,775 near Bangpakong Industrial Park on Bangna-Tran Rd., Km.57. The land, with an area of 65 rai 127 sq wah, will be used to construct a plant to produce electricity and steam to be sold to factories in Bangpakong Industrial Park 2 and 60 megawatts of the electricity produced will also be sold to the Electricity Generating Authority of Thailand (EGAT) according to its program to buy electricity from small power producers. The company will request the amount to be increased to 90 megawatts. The electricity plant will have a capacity to produce 180-190 megawatts of electricity and steam altogether in the form of combined cycle by using natural gas from the Petroleum Authority of Thailand as the main fuel. The exhaust from the gas turbine will be used to produce steam and electricity through the cogeneration process, which will help increase the systems efficiency.