B Grimm signs MoU for power line in Cambodia

B Grimm signs MoU for power line in Cambodia

B GRIMM Power recently signed a memorandum of understanding with Poipet PP
SEZ Co, one of the largest industrial-estate operators in Cambodia, to
develop a power-transmission line at its industrial park in the western city
of Poipet.

This will be the company's starting point in expanding its power business in
Cambodia, include the generation and distribution of electricity in the
future.

B Grimm Power has been making significant investments in Laos and Vietnam.
The company says it will also explore business opportunities in many other
markets, including Myanmar, Cambodia, Malaysia, Indonesia and the
Philippines.

Company president Preeyanart Soontornwata said the proportion of revenue
contributed by its operations outside Thailand would increase from 10 per
cent currently to 30 per cent within five years.

Preeyanart will be in Paksong, Champasak province, Laos, today for a press
visit to B Grimm Power's first hydropower plant in Laos. The 20-megawatt
plant will go into operation in May.

She said the company would next year open its second hydropower plant in
Laos at Nam Che, Xaisomboun province, with capacity of 15MW. The plant will
cost about Bt1.7 billion.

B Grimm Power yesterday also revealed its 2018 plan to start the operation
of three small power production (SPP) plants with combined capacity of 399MW
at Amata City Industrial Estate in Thailand's Rayong province; they cost
Bt17 billion to develop.

Preeyanart said B Grimm Power had one operating diesel-based power plant in
Bian Hoa, Vietnam, with more than 150 industrial customers.

"Power business currently represents about 70 per cent of B Grimm Group's
turnover. About 90 per cent of our power business comes from supporting
industries with stable and reliable electricity and steam. Renewable energy
now represents only 10 per cent [of its power plants' fuel sources], but
will increase to 25-30 per cent within the next five years," she said.

Harald Link, B Grimm's chairman, said that SPP power plants were of the
highest importance for industries and therefore for industrial estates.

"We highly appreciate that the Thai government realises this importance and
continues to support the development of industrial power plants in
industrial estates, and approved the replacement of retiring industrial
power plants," he said.

B Grimm Power has 1,626MW of generating capacity in operation, with 12 gas
and 15 solar-power plants in Thailand and the single diesel plant in
Vietnam, with a total of nearly 300 industrial customers.

Five more plants are under construction. These consist of three gas-fuelled
plants in Amata City Rayong, and two hydropower plants in Laos.

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John Diecker
APT Consulting Group Co., Ltd.

www.aptthailand.com