THURSDAY, March 28, 2024
nationthailand

B Grim Power clears financing for expansion

B Grim Power clears financing for expansion

B Grim Power shareholders have approved dividends of Bt0.30 per share to be paid on May 11 and a Bt50-billion debenture within five years to prepare for the company’s overseas business expansion.

Chief executive Priyanart Sunthornwatam said the company plans to boost production by at least 25 per cent, from 1,646 megawatts to 2,091. 
Overseas production is expected to grow from 8 to 30 per cent, while power from renewable energy is targeted at 30 per cent, up from 12 per cent.
“We have set up joint ventures with many allies in Vietnam for solar farms with production of over 400 megawatts, and we are also in negotiations for factory rooftop solar panels with capacity of 70 megawatts,” she said.
BGRIM plans to invest over Bt40 billion (Bt8 billion-10 billion per year) during the next five years to build power-generating plants. 
It has a target of 52 plants with total production of 2,518 megawatts by 2022.

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