Home Business BGRIM expects continuous growth in H2/64 – closes Vietnam gas power plant deal | RYT9

BGRIM expects continuous growth in H2/64 – closes Vietnam gas power plant deal | RYT9

by news dir

Mr. Harald Link, Chairman of B.Grimm and Chief Executive Officer of B.Grimm Power Public Company Limited (BGRIM) revealed that the trend of operating results in the second quarter of 2021 still has growing demand for electricity from industrial estate customers in Thailand. continuously It is about 10-15% and there are still new customers coming in at least 40 megawatts.

Meanwhile, in the second half of this year The company will also supply commercial electricity (COD) to the wind power project Bo Thong Wind Farm 1&2 with an installed capacity of 16 megawatts. Currently, construction has progressed 93.5%. COD is expected in July 21. And at the end of this year, COD will be a hybrid power plant project for electricity and cold water systems at U-Tapao Airport in the solar sector with a capacity of 15 megawatts, which will be fully realized in the following year.

“This year, there will be a full year of revenue recognition from solar farm projects in Cambodia. If compared to the previous year, there is still a direction that has increased quite a lot. While the price of natural gas will increase. But compared to before, it’s still about 1% cheaper, so we see that the outlook for 2Q21 and 2H10 is still in a strong direction,” Mr Harald said.

for acquisitions (M&A) both domestically and internationally In the present country, the company In the process of negotiating to buy 2-3 natural gas power plants with a total capacity of 600-700 megawatts, it is expected to see clarity in the second half of this year. and is in the process of studying the acquisition of several power plant projects abroad, including 2 wind power projects in Korea with a total capacity of 170 megawatts, which are expected to be concluded in the second half of the year, wind power projects Vietnam, with a capacity of 200 megawatts, including a solar farm project In Malaysia, the production capacity is 200-250 megawatts and there are more than 150 megawatts of expansion, which is expected to become clear in the second half of the year.

The company is also investigating investments in energy projects in Europe and the United States. and study the solar rooftop project in the Philippines and Oman However, it is expected that this year there will be a power purchase agreement (PPA) of not less than 1,000 megawatts, with an investment budget of approximately 17 billion baht this year, which the company still plans to expand its power production capacity of 7,200 megawatts in 2018. From the end of this year, there will be The power generation capacity is 3,089 megawatts.

Mr. Harald said the progress of investment in liquefied natural gas (LNG) power plant projects (LNG to Power) in Vietnam. Expect to see clarity in the second half of this year, the number of 1 deal from around 2-3 projects, which the project is divided into two phases. The first phase will be concluded in the second half of the year. The capacity of 1,200 megawatts, the second phase, the capacity of 1,700 megawatts, is still under study.

The company is also preparing to issue debentures worth 10 billion baht in the next 1-2 months, divided into approximately 8 billion baht in debentures and 2 billion baht in green shoes. Invest in future projects and used to repay the original loan to reduce the cost of interest burden including used as the company’s revolving capital In the second half of the year, the company has prepared a cash flow of more than 20 billion baht.

–InfoQuest by Phacharathon Phoomkham/Pacharathorn/Sasithon Tel.02-2535000 ext.345 Email: [email protected]


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