PRIME is preparing to issue debentures The total value does not exceed 2 billion baht, interest is 5.20% per annum, sold to institutional investors. and large investors Most of the money raised is for investment in new projects in Thailand, Taiwan, Cambodia and other countries. Subscriptions are available between 29-30 November and 1 December 22.
Mr. Somprasong Panjalak, CEO of Prime Road Power Public Company Limited or PRIME, a leading developer of solar and renewable energy projects in Thailand. And the Asia-Pacific region revealed that PRIME is preparing to issue debentures worth 2 billion baht in preparation for business expansion to achieve its goals. Increase commercial production and sales capacity (COD) to reach 1,800 megawatts within 2027 or within the next 5 years. Term of 3 years, fixed interest rate of 5.20% per annum, payable every 3 months throughout the life of the debentures The minimum subscription is 100,000 baht, sold to institutional investors. and large investors Open for subscription between 29 – 30 November and 1 December 2022.
Contact for information or to reserve bonds at Blue Bell Securities Tel: 02-249-2999 Line Officer : @BlueBellFin / Asia Plus Securities Tel: 02-680-4004 / Nomura Phatthana Securities Sin Tel: 02-638-5500 Line Officer : @ nomuradirect / Dao Securities (Thailand) Tel : 02-351-1800 / Krungthai Securities X Spring Tel : 02-695-5000 / KG Securities I (Thailand) Tel: 02-658-8888 and 02-658-8945 / CGS -8945 Securities (Thailand) Tel: 02-846-8675 / Asia Wealth Asset Management Co., Ltd. Tel : 02-207-2124 Line Officer : @awam / Globlex Securities Tel: 02-687-7159
PRIME is a specialist company with more than 10 years of experience in developing solar power projects. Including being a distributor and providing installation services for solar cells. At the end of the third quarter, PRIME has an installed power generation capacity of 300.4 MW, with operations in four countries in the Asia-Pacific region, namely Thailand, Japan, Taiwan and Cambodia, which is the largest solar power plant in Cambodia with 77 MW scheduled to COD by Q4 2022.
from which countries Emphasis is placed on using renewable energy to replace existing energy from fossils or crude oil and natural gas. In order to reduce greenhouse gas emissions, PRIME intends to play a role in pushing for more renewable energy. It has set a goal to increase electricity production from renewable energy to 1,200 megawatts by 2025 and to 1,800 megawatts by 2027.
As mentioned above, PRIME plans to use most of the proceeds from the debentures to develop solar power projects in Thailand, Taiwan, Cambodia and other countries. And use the rest of the money as working capital for the Company’s business operations.
In addition to the solar power generation business, PRIME also invests in other renewable energy projects such as wind energy, bio-gas energy. biomass energy and energy from waste In addition, PRIME has expanded its business to businesses related to renewable energy such as engineering services. procurement of equipment and a contractor for the installation of solar power systems on the roof (Solar Rooftop Engineering, Procurement, and Construction (EPC), which offers complete energy saving and energy efficiency management services (one-stop services) and a private power purchase agreement rooftop solar (PPA) to expand the customer base to a growing group of individual users in the past year.
From the successful sale of 1 billion baht worth of debentures in March 2022, together with PRIME’s strong fundamentals, the company expects this debenture sale to be well received by investors as before.