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BGRIM signs a cooperation agreement with PEA and PEA ENCOM to study and promote opportunities for technical-financial cooperation. Hoping to increase the efficiency of private entrepreneurs Expand the reach of SPP customers and increase development opportunities for IPS power plants to support the opportunity to expand the smart microgrid system. Hoping to reduce costs of no less than 1 billion baht, along with the green light board’s resolution to sell 5% shares worth more than 200 million baht of B. Grimm Power (IEA-MTP ) (“BPAM”) to PEA ENCOM
B.Grimm Power Public Company Limited or BGRIM, led by Dr. Harald Link, Chairman of B.Grimm and Chairman of B.Grimm Power Group, and Mrs. Priyanat Sunthornwada, CEO. It has signed a memorandum of cooperation. (MOU) with Mr. Sompong Preeprem, Governor of the Provincial Electricity Authority (PEA) and Mr. Khemarat Sartprecha, Acting President of PEA ENCOM International Company Limited (“PEA ENCOM”) (company in PEA Affiliates) to study the feasibility of doing business together
Dr. Harald Link, Chairman of B.Grimm and Chairman of B.Grimm Power Group, said he was honored. It is a great pleasure to have signed a Memorandum of Understanding with a strong partner like PEA. The aim of the cooperation is to study the possibilities of cooperation. Both technical and financial. To expand the business together, such as Expanding the reach of small power producer (SPP) industrial customers AND increasing the efficiency of private power generation projects that produce electricity for their own use or sell it to customers directly without being sold to the utility power system (Independent Power Supply – IPS). Including the microgrid system and the smart microgrid system, which enhances the potential of B.Grimm Power to be a leader in electric power. Increase competitiveness Have the opportunity to save money on investments in transmission lines and other equipment in the future with a total value of not less than 1 billion baht, initially part of the B.Grimm Power (IEA) power plant project -MTP) Co., Ltd., amounting to 315 million baht. And serve customers in different areas more efficiently.
In addition, B.Grimm Power Service (Laem Chabang) Company Limited (a subsidiary of B.Grimm Power) has a 75% interest in B.Grimm Power (AEI-MTP) Company Limited (“BPAM”). “) (Formerly Glow SPP 1 Company Limited) and Asia Industrial Estate Company Limited also has another 25% stake in BPAM B. Grimm Power recognizes the importance of having a potential business partner. Strong Especially Power Transmission System Promote competition in the Map Ta Phut area.
On September 30, 2020, B.Grimm Power Service (Laem Chabang) Co., Ltd. has transferred 5% of the shares of BPAM to PEA ENCOM with the total share sale of 200 million baht. Consequently, B.Grimm Power Service (Laem Chabang) Co., Ltd. holds 70% of the shares of BPAM, this share is in accordance with the resolution of the Board of Directors No. 10/2020 of August 13, 2020.
However, such cooperation is a vital force for the Company in expanding its business for stable and sustainable long-term growth. Help drive the company’s goal of expanding 7,000 MW power generation capacity as planned. This will help consistently generate profits and dividends for shareholders.
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