Ratchaburi invests in a biofuel company
Ratchaburi Electricity Generating Holding Plc has invested in a 40 per cent stake in Songkhla Biofuel Co Ltd, in its quest to boost revenue from renewable energy.
In a statement released on Thursday, the company said that the other shareholders are Precise Power Producer Co Ltd and Assiddeek Savings Cooperative Ltd, which hold 40 per cent and 20 per cent, respectively.
Currently capitalised at Bt1 million, Songkhla Biofuel will supply biofuel for RATCH's Songkhla Biomass power station located in Chana District, Songkhla Province. It guarantees the supply of approximately 300-370 tonnes biomass residues per day to the power plant. The residues including rubber wood slabs and roots are abundant in most southern provinces where most areas are rubber plantation.
Noppol Milinthanggoon, CEO of RATCH, said that the venture would guarantee no fuel shortage to the power plant. He said that a study shows that residues can support the facility's generation through the end of the project.
"We are confident that fuel source of the Songkhla Biomass power plant will be secured, while power generating is more stabilised and consistent. In addition, it helps reduce use of fossil fuel for power generation in accordance with the government's policy. More importantly, the project has been accepted and gained cooperation from the communities because they are aware of benefit not only to the community, but also to the country as a whole," he said.
The 9.9 MW Biomass power station has been granted Bt1.30 adder tariff per unit from the Power Department Fund Management, Energy Regulation Commission for 7 years. This project value is around Bt600 million.
