REPORTS ON ESTABLISHMENT OF EGCO MINING CO LTD

Electricity Generating Plc. (EGCOMP) reported on company's information as follows: 1. EGCOMP has joined hands with Asia Energy Development Co., ltd., J. B. Energy Co., Ltd., and SCF Finance & Securities Plc. to establish EGCO Mining Co., Ltd. on November 7, 1996. The new company was registered with a capital of Bt50 million, split into 5 million common shares with a par value of Bt10 apiece. The shareholding is as below: EGCOMP 40% Asia Energy Development Co., Ltd. 40% J. B. Energy Co., Ltd. 10% SCF Finance & Securities Plc. 10% Initially, 50% of the share price has been called for paid-up. The remaining will be paid later. EGCO Mining Co., Ltd. was set up to explore and develop coal sources. It will joinly invest with P.T. Borneo Indobara Co, a concessionaire in Kotabaru in the south of Kalimantan Island of Indonesia. EGCO will invest at 75% stake while P.T. Borneo Indobara will hold the other 25%. 2. EGCO Engineering & Service Co., Ltd. (ESCO), a company 99.99% owned by EGCOMP, has signed in a Memorandum of Understanding with John Wood Group B.V. and Mr. Pichit Tiyavudhiroj to found a plant to repair turbine gas generators' parts. The shareholding structure is show as below: ESCO 45% John Wood Group B.V. 45% Mr. Pichit Tiyavudhiroj 10% 3. ESCO has signed in a Memorandum of Agreement with CMS Energy Asia Pte. Ltd. to form up a company to give operating and maintenance services for a medium-sized power plant, with a capacity of 170 megawatts, of Amata- EGCO Power Co., Ltd. at Bangpakong Industrial Park 2. The shareholding is as below: ESCO 50% CMS Energy Asia Pte. Ltd. 50% Translated by The Nation