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Buriram Sugar Group Power Plant Infrastructure Fund (BRRGIF) was established with the key objective of investing in infrastructure businesses, mainly Power Plant, which have capability to generate sustainable income for the fund so that the fund is able to pay long-term return on investment to the unitholders. The Fund has initially invested in the right of net revenue. The term of the Net Revenue Transfer Agreement has commenced since the completed investment date, to the termination date of the Net Revenue Transfer Agreement, on August 10, 2028 for BEC, and April 6, 2035 for BPC, thus the periods of net revenue sale and purchase are approximately 11 years* for BEC and 18 years* for BPC.

* From August 2017

BEC
BRRGIF
BPC

Objective of the proceeds from first offering

The total proceeds which the Fund received from the first offering, the Management Company shall use as following objectives:

To invest in the Right of Net Revenue that will occur in the future from BEC and BPC Biomass Power Plant in accordance with the Net Revenue Transfer Agreement, and
For the remaining will be used as the Fund’s working capital and administration expenses including cost to set up fund which is the part of the fund’s responsibility.

Plans for utilizing the proceeds from the issuance and first offering of investment units mentioned above in accordance with the Management Company's current intention and best estimate of the amount of money to be received.