Page 290 - PWA_2023_Annual_Report

288 การประปาส่วนภูมิภาค รายงานประจำาปี 2566

8. Private Joint Venture Projects (Cont.)

Period of
Project Private joint venture Private company
No. contract contract jointly invested Conditions in the contract
Year/Dated

- The company shall place an initial guarantee
of 6 million baht. At the date of one year, the
company has to place the new collateral
with 5% of water bill value according to the
minimum water quantity. PWA then shall return
the previous collateral to the company.

10 Chonburi Water Supply 20 years Universal Utilities - The contract commenced from 1 December
Project (BOO) 3 June 2009 Co., Ltd. 2009 to 30 November 2029.
- All investment was the cost of the company.
- PWA shall pay compensation to the companies at
the rate according to the minimum water
quantity purchased determined. In case the
quality is lower than the standard, and the
company is unable to deliver the water supply
to the specified quantity of each period (except
for force majeure according to the contract),
the company has to pay compensation to
PWA. The rate is of 10% of the quantity of
water supply needed to buy per day at the
time multiplied by the rate of water tariff
including VAT, and then multiplied by the number
of days since the date that the water supply is
found to be of lower quality to the date of
complete maintenance throughout the contract
period.
- The company shall place a contract collateral
at the rate of 10% of the investment value,
when the company uses the collateral of a
bank guarantee in the new version in the
first year since the first date of water supply
purchase and sale in the following years, not
less than 5% of water bill value including VAT,
based on the total minimum water quantity
that PWA has to buy, to replace the original
existing contract and/or terminate contractual
obligations.

9. Approval of Financial Statements
This financial statements was approved by Governor of PWA as at 14 March 2024.