BGRIM’s solar energy projects proceed without a hitch

[rooster59]

BGRIM’s solar energy projects proceed without a hitch

Tarin Angskul

 

 

BANGKOK, 28 December 2018 (NNT) - B.Grimm Power Plc (BGRIM)’s solar power development projects have made headway according to plans to consolidate  its capacity build-up.

 

Three out of the seven ground-mounted solar farms sponsored by BGRIM for government agencies and agricultural cooperatives in Thailand, with a total installed capacity of 10.8 megawatts, were brought on line commercially and synchroised with the Provincial Electricity Authority (PEA)’s grid during December 3 and 25.The remaining four solar farms, with a combined capacity of 20 MWs, were successfully synchronised with the Metropolitan Electricity Authority (MEA)’s system and due for commercial delivery on December 28.

 

With the latest addition from those seven solar farms, the SET-listed firm closed 2018 with combined capacity equity to 2,076 MWs, up by 26% from the previous year, and strengthening BGRIM’s position as one of Thailand’s leading private power producers, BGRIM President Preeyanart Soontornwata pointed out.

 

Meanwhile, BGRIM’s on-going solar energy projects in Vietnam, with a total installed capacity of 677 MWs, have progressed satisfactorily in construction.The Dau Tieng 1 and Dau Tieng 2 Solar Plants in Tay Ninh, south-west of Vietnam, and whose combined capacity of 420 MWs will make them the largest facility of its kind in Southeast Asia, has advanced by 42%.The 257-MW solar photovoltaic power project in Phu Yen province, south central coast of Vietnam, has completed by 36% with commercial start-up in mid-2019 has been confirmed.

 

In view of the start-up of various new power generation projects in 2019 including the solar farms in Vietnam, the Nam Che hydropower scheme in Laos and the waste-to-energy scheme, BGRIM’s capacity portfolio will become more notable with 2,737 MW, a 34% jump from 2018. That will also enable BGRIM to achieve the targeted revenue of 42 billion baht in 2019. Mrs Preeyanart noted.

 

With the various power sale agreements in hand which will push BGRIM’s installed capacity to surpass the 3,000-MW mark in 2021, the Company is exploring new investment opportunities in South Korea, Taiwan, Vietnam, Malaysia and the Philippines.The quest constitutes BGRIM’s aim to grow its total installed capacity to 5,000 MW in 2022.

 

BGRIM currently operates an aggregate of 36 power stations comprising 15 co-generation plants, 18 solar farms, two hydropower plants, and one diesel generator in Thailand and abroad, altogether capable of producing over 2,056 MWs.More than 1,070 MWs in incremental capacity are slated for development during 2019 and 2022.

 

 

-- nnt 2018-12-30

[Srikcir]

2 hours ago, rooster59 said:

Three out of the seven ground-mounted solar farms sponsored by BGRIM for government agencies and agricultural cooperatives in Thailand, with a total installed capacity of 10.8 megawatts, were brought on line commercially and synchroised with the Provincial Electricity Authority (PEA)’s grid during December 3 and 25.The remaining four solar farms, with a combined capacity of 20 MWs, were successfully synchronised with the Metropolitan Electricity Authority (MEA)’s system and due for commercial delivery on December 28. 

Just in the "nick of time?"

April 2018:

• Thailand’s Minister of Energy recently announced a limit on purchases of electricity from renewable energy over the next five years.
• B Grimm Power will be unaffected by the freeze, said CEO Preeyanart Soontornwata, as its main revenue stream is from SPP power plants dominated by natural gas which comprise 2,200 megawatts of installed capacity from the company’s total capacity of 2,518 megawatts.

http://www.nationmultimedia.com/detail/Corporate/30342748

Coincidence the timing of BGRIM to get its plants operational before the freeze?

It appears that the freeze contradicts the 2018 Power Development Plan wherein renewable energy would play a 20% larger role in power generation.

The Energy Policy and Planning Office (EPPO) which drafted the PDP said the PDP was revised to reflect shifting conditions, in which renewable energy, especially solar photovoltaic (PV) energy, has become much cheaper and more widely accessible to all.

http://www.nationmultimedia.com/detail/national/30360098

[xtrnuno41]

Well if the name is B Grimm, you get things done and of course more money in the pocket. One of the multimillionaire foreigners who made it in Thailand.