BGRIM and Xuan Cau ink JV pact for ASEAN#s largest solar power plant

Energy Press Releases Tuesday June 19, 2018 10:05
Bangkok--19 Jun--BGRIM
The plan to set up the largest solar power house in Southeast Asia has advanced towards realisation with two sponsors - Thailand's B.Grimm Power and Xuan Cau of Vietnam - signed a partnership accord.

The landmark agreement for the 420-megawatt facility in Tay Ninh, south-west of Vietnam, was concluded by executives of the Companies in Bangkok and witnessed by Thai Prime Minister Prayut Chan-o-cha and his Vietnamese counterpart Nguyen Xuan Phuc.

The accord underscores the joint venture partners' commitment to start commercial operation from the Tay Ninh project next year.
The project got off to a good start and we are on track to meet the COD (commercial operation date) in June 2019," said Preeyanart Soontornwata, CEO of SET-listed B.Grimm Power Plc (BGRIM).
The joint venture has recently finalised a deal with a contractor to perform engineering, procurement and construction (EPC) for the project.
Talks are also underway with several local and international financial institutes for project funding, she said.
For BGRIM, the Vietnamese solar power venture will contribute significantly to the group's revenue and earnings growth.
In particular, it will help driving revenues from its overseas power projects committed by BGRIM to account for 30% of its overall income in 2022 from 6% currently.

The Tay Ninh scheme is a robust collaboration between BGRIM, a leading private power producer in Thailand, and Xuan Cau Co, Ltd, one of the largest conglomerates in Vietnam, whose diverse businesses range from real estate to trading & service, and from energy to infrastructure.


Latest Press Release

SC ASSET and BCPG launch Sun Share Project, the collaboration between the two leading companies in using blockchain to manage solar roof system for household consumption and electricity transaction for the first time at Neighbourhood Bangkadi.

SC ASSET and BCPG launch "Sun Share Project", the collaboration between the two leading companies in using blockchain to manage solar roof system for household consumption and electricity transaction for the first time at "Neighbourhood Bangkadi". The...

Sterlite Power Signs Concession Agreement for the Pampa Project in Rio Grande do Sul

Sterlite Power announced the signing of the Concession Agreement for batch 13, won in auction No. 04/2018. The Director General, ANEEL and authorities representing the Brazilian Government were present for the signing. The agreement was finalized during...

Sasol Officially Opens Another Coal Mine, Sustaining Jobs

Sasol has officially opened yet another colliery in its host province of Mpumalanga, where it beneficiates coal into high value fuel and chemical products at world scale. Meaning 'success' in isiZulu, Impumelelo is one of three world-class mines Sasol...

Envision and Thai Energy Giant PTT Sign MOU to Collaborate on New Energy and Digital Transformation

On April 8th, 2019, Envision signed Memorandum of Understanding (MOU) with PTT Public Company Ltd to collaborate on multiple initiatives revolving around new energy and digital transformation. Headquartered in Bangkok, PTT is the largest conglomerate in...

JinkoSolar Hosted Thailand Technical Roadshow

JinkoSolar Holding Co., Ltd. ("JinkoSolar" or "Company"), (NYSE code JKS), a reputable solar module manufacturer in the world, today announced it hosted a Technical Roadshow in Bangkok, Thailand with over 140 attendees including EPCs, developers,...

Related Topics