VISION AND STRATEGY ON EGCOMP'S PROJECT DEVELOPMENT

No. EGCO 310/472 Date: September 26, 2000 Attn: President of the Stock Exchange of Thailand Subject: Vision and Strategy on EGCOMP's Project Development According to the Board of Directors Meeting No. 10/2000 on September 25, 2000,EGCOMP Executive acknowledged the Board of Directors on Vision and Strategy on Electricity Generating Public Company Limited (EGCOMP)'s project development as follows: Vision To be a leading, locally owned and integrated electric power company with comprehensive energy service offerings in Thailand and in the ASEAN region. Corporate Objective Target to increase market share to 5,000 MW Equity Capacity by 2003 Strategy on Project Development - Existing Projects: Total equity capacity of 2,200 MW EGCOMP has invested in IPPs and SPPs as follows: Rayong Electricity Generating Company Limited, Khanom Electricity Generating Company Limited, Amata EGCO Power Limited, Gulf Electric Public Company Limited, Conal Holdings Corporations - Potential Future Projects 1. EGCOMP will acquire IPP and SPP Projects in Thailand and neighboring countries with cross-border sales to Electricity Generating Authority of Thailand (EGAT) 2. EGCOMP will participate in bidding of EGAT's privatized assets and other projects such as re-powering EGAT's old generating units. Yours sincerely, Sitthiporn Ratanopas Managing Director