Saturday, September 19, 2020

BCPG set to take over solar power plant operator

Aug 03. 2020
BCPG president Bundit Sapianchai
BCPG president Bundit Sapianchai
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By The Nation

BCPG Pcl, a leader in the renewable energy business in Thailand and the Asia-Pacific region, has signed an agreement with Eternity Power Pcl for the acquisition of 99.99 per cent shares in RPV Energy Co Ltd, an operator of four solar power plants in Thailand, with a total production capacity of 20 megawatts.

The four solar power plants, which have already started commercial operations, consist of a 5MW solar power project in Lopburi province, a 5MW solar power project in Prachin Buri province, and two solar power projects with a total production capacity of 10MW in Kanchanaburi province.

The revenue recognition for all projects is expected to be within this quarter.

"The acquisition is in line with BCPG's five-year plan, which aims to expand into various types of renewable energy businesses and develop the existing green energy projects to achieve the company's business performance goal," BCPG president Bundit Sapianchai said.

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