See More on Facebook

Business, Economics

B Grimm alots 38.5 billion Baht till 2022 in Asean

The company has earmarked the money for investment.


Written by

Updated: September 10, 2019

B Grimm Power Plc has set aside more than Bt38.5 billion for investment in its power projects with the aim of achieving 5,000 megawatts by 2022, the company’s chief executive officer Preeyanart Soontornwata said after opening its largest solar farm electricity plant in Tay Ninh, Vietnam in last week.

“We will focus on green energy such as solar, wind and hydropower in Thailand and others countries in Asia,” she said.

The company is currently developing renewable energy in Thailand, Vietnam, Laos, Cambodia, South Korea, and the Philippines through 17 co-generation plants, 24 solar PVs, three hydro-power plants, one industrial waste-to-energy project, and a diesel generation with a total capacity of 2,896 megawatts.

The company is looking to expand investment in Malaysia, Cambodia, South Korea, and the Philippines by focusing on green energy such as wind, solar, and gas.

In Vietnam, the company aims to expand the capacity of its solar energy production of Dau Tieng 1 and Dau Tieng 2 with Dau Tieng 3. The Dau Tieng 3 plant will have production capacity of 120 megawatts. In South Korea, the company is looking to invest in wind energy by collaborating with a South Korea firm to invest in a wind energy project, while its interest in Malaysia includes investment in a combined cycle gas electricity plant in collaboration with its Malaysian partners.

Meanwhile, the company has continued to expand its investment in green energy in Thailand covering solar farm, wind, and waste.

Following the investment plan, the company expects revenue from overseas will increase from 25 per cent to 30 per cent of total revenue in 2022, with the next 70 per cent coming from the domestic market.

She added that the company’s investments will come from both the company’s cash flow and loans from both commercial banks and the bond market with a debt-to-equity ratio of not over than 2:1.

“We now have debt-to-equity ratio about 1.6:1 that has room enough to find the funding to serve our investment plan,” she said.

With the plant in Vietnam now in operation, the company believes that revenue in 2019 will grow between 15 per cent and 20 per cent compared to the same period of last year, she said.

The company reported total revenue Bt37.22 billion and net profit Bt1.86 million for 2018 and Bt21.29 billion and Bt1.15 billion respectively for the first half of this year.



Enjoyed this story? Share it.


The Nation (Thailand)
About the Author: The Nation is a broadsheet, English-language daily newspaper founded in 1971 and published in Bangkok, Thailand.

Eastern Briefings

All you need to know about Asia


Our Eastern Briefings Newsletter presents curated stories from 22 Asian newspapers from South, Southeast and Northeast Asia.

Sign up and stay updated with the latest news.



By providing us with your email address, you agree to our Privacy Policy and Terms of Service.

View Today's Newsletter Here

Business, Economics

China, US in constant touch to resolve trade issues

China and the United States are in constant touch to resolve pending trade and economic issues, the Ministry of Commerce said on Thursday. The comment came ahead of Sunday’s US deadline for another scheduled round of tariff increases on Chinese imports worth almost $160 billion. If a trade deal is not struck by Sunday, computer monitors and toys will be among the Chinese export items likely to be affected. Gao Feng, a ministry spokesman, said the Customs Tariff Commission of the State Council has already worked out tariff exemptions on some soybean, pork and other products shipped from the US — the latest sign of tensions easing in the protracted trade conflict. The US seems to resort to brinkmanship by using a tariff deadline to pressure China in the ongoing trade talks for a phase one, preliminary deal, said Chen Wenling, chief economist at the China Center for International Economic Exchanges


By China Daily
December 13, 2019

Business, Economics

Report: US officials lied about Afghanistan

Civilian, military officials misled public for nearly two decades about status of war, Washington Post review of documents finds. For nearly two decades, senior US civilian and military officials didn’t tell the truth about the war in Afghanistan, The Washington Post reported on Monday after reviewing more than 2,000 pages of government documents. The officials made pronouncements they knew to be false and hid evidence that the war had become unwinnable, the newspaper said interviews with those officials show. John Sopko, the head of the federal agency that conducted the interviews, acknowledged to the Post that the documents show “the American people have constantly been lied to”. The newspaper said that two major claims in the documents are that US officials manipulated statistics to suggest to the American public that the war was being won and that successive


By China Daily
December 11, 2019

Business, Economics

7 of 10 Filipinos worried by presence of Chinese workers

China has increased its presence in the archipelago. The rising presence of Chinese workers in the country worry seven out of 10 adult Filipinos, according to the latest Social Weather Stations (SWS) survey, as the government recently launched a crackdown against Philippine offshore gaming operators (Pogos) which mostly employ Chinese nationals. The noncommissioned survey, conducted from Sept. 27 to 30, found that 31 percent “worried a great deal,” while 39 percent are “somewhat worried.” Highest in Metro Manila The proportion of those who were worried about the increasing number of Chinese workers in the country was highest in Metro Manila at 75 percent, followed by the Visayas at 71 percent, Luzon outside Metro Manila (69 percent) and Mindanao (67 percent.) About half of the respondents agree that the rising number of Chinese workers is a threat to national secur


By Philippine Daily Inquirer
December 6, 2019

Business, Economics

Pakistan to launch Digital Pakistan Vision

Imran hopes to unleash ‘potential of youth and women’ with new venture. Prime Minister Imran Khan on Thursday said that with the introduction of the ‘Digital Pakistan Vision’, the full potential of the contribution of youth and the women to the economy will be unleashed. According to a press release from the Prime Minister Office: “The Vision sets Pakistan’s digital ambition and has been designed for the government and the private sector to work towards a digitally progressive and inclusive Pakistan.” Speaking at the launch ceremony of the initiative, the prime minister regretted not having launched it at the very beginning when his government was formed. “I should have given attention to Digital Pakistan earlier. This is the most important thing for Pakistan right now, especially its youth. The whole world is moving forward digitally and we have been l


By Dawn
December 6, 2019

Business, Economics

Huawei asks US court to overturn ban

The company is suing the FCC, the latest in a series of legal tussles. The legal battle between Huawei Technologies Co and United States government intensified on Thursday. The Chinese tech heavyweight announced a legal challenge to the US Federal Communications Commission, seeking to overturn the latter’s order that bans telecom carriers from buying the company’s equipment via federal subsidies. The move is the latest push by the world’s largest telecom equipment maker to pursue fair competition and treatment amid a slate of restrictions from Washington. Analysts said the FCC ban would have very limited impact on Huawei’s financial performance, but labeling the company as a national security threat would cause far-reaching reputational harm. In a petition filed in the US Court of Appeals for the Fifth Circuit on Thursday, Huawei asked the court to declare the FCC order un


By China Daily
December 6, 2019

Business, Economics

Thailand looks to become LNG hub

Energy Minister Sontirat Songtijirawong declared at a conference. The Energy Policy Administration Committee today (December 4) acknowledged the guidelines for turning Thailand into the regional trading hub of liquefied natural gas (LNG). The guidelines came about from a study assigned by the government-appointed energy reform committee to PTT. Energy Minister Sontirat Songtijirawong said that the move was estimated to generate Bt165 billion for Thailand’s economy between 2020 and 2030. The country is expected to start full commercial trading late next year or early in 2021. Thailand has potential to become the regional hub due to its high demand of LNG and its geographical location as the centre of countries with high LNG demand, namely China, India, Japan, Cambodia, and Vietnam. Moreover, Thailand has a supportive infrastructure to serve regional LNG tradi


By The Nation (Thailand)
December 5, 2019