C05117-2022

SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)
Jul 8, 2022
2. SEC Identification Number
CS201308147
3. BIR Tax Identification No.
008-521-690
4. Exact name of issuer as specified in its charter
RASLAG CORP.
5. Province, country or other jurisdiction of incorporation
Metro Manila, Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
1905 Robinsons Equitable Tower, ADB Ave. cor. Poveda St., Ortigas Center, Pasig City Postal Code 1605
8. Issuer's telephone number, including area code
(02) 8636-6488
9. Former name or former address, if changed since last report
N/A
10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA
Title of Each Class Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common Shares 1,500,000,000
11. Indicate the item numbers reported herein
9

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

Raslag Corp.ASLAG

PSE Disclosure Form 4-30 - Material Information/Transactions References: SRC Rule 17 (SEC Form 17-C) and
Sections 4.1 and 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Raslag-3 Solar Power Plant Project Energized
Background/Description of the Disclosure

Please be informed that the testing and commissioning of the 18.011 MWp Raslag-3 Solar Power Plant Project in Pampanga of RASLAG CORP. (“ASLAG”) have started today. This is ASLAG’s third operating solar power plant.

The above milestone commenced after ASLAG’s receipt from the National Grid Corporation of the Philippines (NGCP) of the Provisional Approval To Connect for the energization of the Raslag-3 solar power plant project, approving in effect the connection of ASLAG’s User System to the Grid for feedback power/load purposes and as Generator Customer. Please see attached copy of the said approvals from the NGCP.

Given the foregoing approvals and with the anticipated full swing of Raslag-3 operations, Raslag-3 is expected to generate 13.5 gigawatt-hours (GWh) for the rest of 2022 and 27.0 GWh in 2023. Assuming an average Wholesale Electricity Spot Market (WESM) Settlement Price of Php 5.30/kWh, Raslag-3 can potentially contribute revenues of around Php 71.6 Million in 2022 and Php 142.9 Million in 2023.

Shown below is the table of projected financial highlights of Raslag-3 in the next 3 years at WESM Settlement Price of Php 5.30/kWh.

Year Sales (in kWh) Sales (in Peso)

1 (2nd half of 2022) 13,525,080 71,682,924.00
2 (2023) 26,969,010 142,935,753.00
3 (2024) 26,888,102 142,506,940.60


Notably, the above projection may go higher considering that the average WESM Settlement Price is on the upward trend these recent months as shown by the table below:

2022 Average WESM Settlement Price (Peso/kWh)
January 7.86
February 6.41
March 7.73
April 6.68
May 6.59
June 9.88


Thank you.



Forward Looking Statement. This report contains forward-looking statements based on current expectations of future events and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Forward-looking statements are subject to risks and uncertainties that may change at any time; hence, ASLAG’S actual results may differ materially from those expressed in any such statements. The forward-looking statements are made only as of the date hereof, and ASLAG assumes no obligation to update such forward- looking statements as a result of new information, future events, or other circumstances.
Other Relevant Information

Please see attachment.
Filed on behalf by:
Name Lyra Gracia Lipae-Fabella
Designation Investor Relations and Compliance Officer