Thailand: TWZ to invest Bt500m in solar farms

Thailand: TWZ to invest Bt500m in solar farms

TWZ CORPORATION Plc has set aside Bt500 million to invest in 10 megawatts of
solar farms in Khon Kaen and Buri Ram by collaborating with the Khon Kaen
Agricultural Cooperative and Buri Ram Fisher Cooperative.

According to the company, its subsidiary Gear Corporation Co will buy a
major stake in Beam Corporation Co and Shin Energy Co, who support solar
farms of Khon Kaen Agricultural Cooperative and Buri Ram Fisher Cooperative
respectively, chief executive officer Piyanuj Rungkasiri said yesterday.

The investment in the solar farms is part of its expansion into alternative
energy to sustain its income.

The company is also expanding in real estate by developing a Bt500-million
condominium called Pazer Pattaya. It will be booked as revenue at the end of
this year, she said.

In the telecom business, the company has continued to develop its products
to serve the demand of 4G customers. It is confident its total sales will
record strong growth this year, she said.

TWZ Corporation earned Bt5.86 million on revenue of Bt1.07 billion in the
first quarter of this year. It reported net profit of Bt99.98 million on
total revenue of Bt4.24 billion last year.

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John Diecker
APT Consulting Group Co., Ltd.

www.aptthailand.com