B.Grimm announces joint venture Singha Estate to invest in 3 power generating projects

The report informs that B.Grimm Power Public Company Limited or BGRIM and Singha Estate Public Company Limited or S have officially reached an agreement. In a shareholding transaction in two electricity companies, after it previously acquired a stake in one power company last month. Last July, B. Grimm Power holds 70% and Singha Estate holds 30% in the three power plants. which is located in S Angthong Industrial Estate

For the three power generation companies The company has a total power generation capacity of 403 megawatts (MW) consisting of B.Grimm Power (Angthong) 1 Company Limited, which operates a combined cycle power plant project with a capacity of 123 megawatts and 2 new power generating projects, which are B.Grimm Power (Angthong) 2 Co., Ltd. and B.Grimm Power (Angthong) 3 Co., Ltd. are the license owners. Each has a capacity of 140 megawatts and has a power purchase agreement (PPA) of 90 megawatts with the Electricity Generating Authority of Thailand (EGAT) for 25 years.

Dr. Harald Link, Chairman of B.Grimm and Chief Executive Officer of B.Grimm Power Public Company Limited said It will use its expertise to be a Utilities Solution Provider to increase the potential of cooperation towards becoming a SMART Eco Industrial Estate, which consists of the following developments: 1. Power business, including electricity transmission and distribution systems, as well as preparation for digital platforms, 2. Gas transmission and distribution system, 3. Smart Solution including use of solar rooftop and solar floating to increase efficiency and energy efficiency of industrial customers (IU), 4. Energy trading for P2P, 5. Renewable Energy Production Credit (REC) certificates to support IU customers’ greenhouse gas emission reduction plans towards sustainability goals; and 6. Energy storage systems. to enhance the stability and efficiency of renewable energy by the joint venture of these three companies It is expected to generate income of at least 7,800 million baht in 2017.

Mrs. Thitima Rungkwansirirot Chief Executive Officer of Singha Estate Public Company Limited said This business is a business with attractive returns and most importantly. It is a business that will join forces to promote each other with the main business of Singha Estate. which consists of Commercial real estate, residential, resort and hotel as well.

“In the year 64, we have continued to join forces with business partners that complement each other with our core real estate business.
by focusing on alliances with leaders in various businesses related With the determination to move forward with strategic goals without worrying about the Covid-19 situation. to complement our long-term growth.”