October 4, 2013
Dear Mr. Edward D. Ciofani (CEO)
We please to offer PPA (Power Purchase Agreement) for Solar Thermal total capacity 10MW as following detail.
Project Owner Capacity Province PPA Cost
Solar Garby Co., Ltd. 8 MW Kanjanaburi 80 million baht
Udon Wooden Trade 2 MW Udonthani 20 million baht
With the condition that investor will receive share holder 49% after paying cost of PPA. Project owner must maintain share holder 51% and will transfer share holder 51% to investor within 2 months after COD according to regulation.
Regards,
Chingchai Chonchewat