Dr. Harald Link Chairman of B.Grimm and Chief Executive Officer of B.Grimm Power Public Company Limited or BGRIM Revealed that, according to B.Grimm Solar Power 1 Company Limited (a subsidiary in which B.Grimm Power holds 100% stake) has acquired 100% stake in Ray Power Supply Company Limited, which is the right holder of Development of a solar farm project on the ground (Solar Farm), located in Srisophon, Banteay Meanchey Province (or Bontia Mean Chey), Cambodia. Installed capacity 39 megawatts
It has a 20-year Power Purchase Agreement (PPA) with the Electricity Authority of Cambodia (Electricite Du Cambodge (EDC)) and has been approved for the Commercial Power Distribution (COD) on 15 December 2020. The Company received an official confirmation letter from the Electricity Authority of Cambodia. Is completed
BGRIM is the first Thai company able to make a history of investing in the development and construction of a Solar Farm project under the Power Purchase Agreement (PPA) between Ray Power Supply Co., Ltd. and the Electricity Authority of Cambodia. The agreement is under guarantee by the Government of Cambodia. BGRIM has been able to successfully execute the project in accordance with the goals and timeline that the utility Cambodia Has set a full development plan
B.Grimm Power currently has 48 power plants in operation, with an installed capacity of 3,058 MW and a number of projects under development that will increase the production capacity to 3,682 MW. B.Grimm Power is ready to continue to expand its investment towards the 7,200 MW target by 2025 by adhering to the principle of stable and sustainable growth.
In the first quarter of 2021, B.Grimm Power is scheduled to launch a commercial operation of a 16 MW wind power plant project in Mukdahan Province. Reiterates the support of B.Grimm Power