SIGNING ON CREDIT FACILITIES AGREEMENT AND RELATED AGREEMENT

No. EGCO 310/129 Date : March 14, 2001 Attn : President of the Stock Exchange of Thailand Subject: Signing on Credit Facilities Agreement and Related Agreement Reference is made to the letters continuously informing The Stock Exchange of Thailand (SET) regarding the Investment in Thai LNG Power Corporation Limited (TLPC) and TLP Cogeneration Company Limited (TLP COGEN). Presently, Electricity Generating Public Company Limited (EGCOMP) holds 100% stake in TLPC and jointly holds stake in TLP COGEN with Electric Power Development Company Limited (EPDC) in the proportion of 80% (40% stake is directly held and the other 40% stake is indirectly held through TLPC) and 20%, respectively. TLP COGEN is a 106 MW Combined Cycle Co-generation Power Producer in Rayong Industrial Park. The total project cost is approximately Baht 3,253,000,000. EGCOMP would like to additionally inform SET that the following agreements will be signed on March 14, 2000. 1. Credit Facilities Agreement TLP COGEN as the Borrower signed the Credit Facilities Agreement with the Lenders consisting of Krung Thai Bank Public Company Limited (KTB), Thai Military Bank, and The Industrial Financial Corporation of Thailand. KTB acts as the Facility Agent and Security Agent. The details are as follows: a. Loan amount : USD 29,400,000 Interest Rate : LIBOR + 2.75 to 3.00 b. Loan amount : Baht 1,228,200,000 Interest Rate : MLR + 0.25 to 0.50 2. Sponsor Support Agreement EGCOMP and EPDC as the sponsors and TLP COGEN as the borrower signed the Sponsor Support Agreement with KTB acting as the Security Agent. This agreement is one of the conditions precedent to the availability of the facilities under the Credit Facilities Agreement. The sponsor amount is not exceeding Baht 250,000,000. 3. Shareholders Undertaking Agreement EGCOMP, TLPC and EPDC as the Shareholders and TLP COGEN as the Borrower signed the Shareholders Undertaking Agreement with KTB acting as the Security Agent that individually or together with any one or more Shareholders shall maintain a minimum shareholding percentage of not less than 51% of the total registered capital. In addition, on January 9, 1998, TLP COGEN signed the Power Purchase Agreement with EGAT to sell 60 MW for a period of 21 years. The commercial operation date will be by January 2003. Yours sincerely, Sitthiporn Ratanopas Managing Director