UWC sells 3 biomass power plants

UWC signed a share purchase agreement (SPA) with Absolute Clean Energy Public Company Limited or (ACE) as selling shareholders of 3 power plants consist of

1. UWC Komen Biomass Company Limited (UKB), Nakhon Ratchasima Province, total  capacity of 9.9 MW.
2. UWC Amphan Biomass Company Limited (UAB), Buriram Province, total capacity of 9.5 MW.
3. Satuk Biomass Company Limited (SBM), Buriram, total capacity of 7.5 MW.

All 3 power plants have a total capacity of 26.9 MW. The total price is 851 million baht. UWC will hold the extraordinary general meeting of shareholders for approval on 20 August 2020 and the transaction will be completed on 21 August 2020.