Super Energy Power Plant Infrastructure Fund
SSET:SUPEREIF6.30
THB
0.00
(0.00%)
ISIN
TH9294010003
Return %
Stock
S&P 500
1Y
16.67
14.20
3Y
-11.27
81.12
5Y
-47.06
68.34
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.Company Description
- CEO
- Natthapachara Chiarawongse
- Sector
- Finance
- Industry
- Financial conglomerates
- Address
- Bangkok BM Thailand
- IPO Date
- Aug 21, 2019
- Website
- supereif.com
- Similar Companies
- Business
- Super Energy Power Plant Infrastructure Fund Super Energy Power Plant Infrastructure Fund (SUPEREIF) is a Thailand-based closed-end infrastructure fund that raises capital from public investors to invest primarily in infrastructure businesses related to power plants and alternative energy; its core asset is the Right of Net Revenue from 19 solar power plant projects under the Very Small Power Producer (VSPP) scheme owned by subsidiaries 17 Aunyawee Holding Co., Ltd. (17AYH) and Health Planet Management (Thailand) Co., Ltd. (HPM), which are indirectly controlled by Super Energy Corporation Public Company Limited (SUPER), featuring a total maximum generation capacity of 118 megawatts across provinces including Sa Kaeo, Saraburi, Prachinburi, Samutsakhon, Samutprakarn, Pathumthani, Phichit, and Petchabun; these projects sell electricity to the Provincial Electricity Authority (PEA) and Metropolitan Electricity Authority (MEA) under long-term Power Purchase Agreements expiring between 2040 and 2041, with the Net Revenue Transfer Agreement commencing on 14 August 2019 and lasting approximately 22 years until 26 December 2041. The Fund, established on 7 August 2019 and first investing on 14 August 2019 with registered capital of THB 5,150 million (subsequently reduced multiple times to THB 4,892 million after four capital reductions), is managed by BBL Asset Management Company Limited and supervised by Kasikornbank Public Company Limited, headquartered in Bangkok, Thailand, with operations focused exclusively on domestic renewable energy revenue streams generating sustainable income through net revenue transfers after project expenses such as operation, maintenance, land rental, and spare parts. Recent developments include multiple capital reductions starting in 2021 to return excess capital to unitholders alongside semi-annual dividend distributions totaling THB 3.10 per unit since inception through FY2023; ongoing principal repayments reducing long-term loan outstanding balance from financial institutions (originally THB 3,000 million from Bangkok Bank) to THB 2,032 million as of 31 December 2023, lowering leverage to 0.40 times net asset value; appraisal value adjustments downward to THB 6,738 million in 2023 from higher prior levels due to shorter projection periods, revised electricity units, and elevated insurance premiums following unrelated SUPER group incidents, with efforts underway for 2024 insurance renewals to segregate Fund-related risks; and steady operational performance with FY2023 electricity sales of 172.75 million units at an average rate of THB 5.55 per unit (excluding VAT), yielding net investment income of THB 632 million despite higher finance costs from rising MLR rates.