BGrimm sees good prospects for business expansion despite virus outbreak
BGrimm Power Plc appears to have weathered the economic downturn and adverse impact so far brought about by the Covid-19 outbreak, the company said in press release.
“January 2020 figures show that while some industrial customers such as some auto parts manufacturers reduced their power off-take due to the economic condition, many other customers boosted their power purchases amid increasing demand,” BGrimm CEO Preeyanart Soontornwata said.
For instance, packaging firms such AJ Plast and Universal Polybag increased their power purchases in January by 20 per cent over the same period last year, according to Preeyanart. Air conditioner and home appliance producers including Toshiba Consumer Products (Thailand) and Toshiba Carrier (Thailand) raised their purchases in the month by 9 per cent, while new customer Tenma (Thailand) pushed overall delivery to the electronics group by 32 per cent.
BGrimm is on course to expand its clients’ long term contracts, with 31MW in additional power sales this year, the press release said. The company recently clinched a deal to supply 8MW to a new customer as part of the overall 31MW due for delivery to users in Rayong Industrial Estate in 2020.
Some 130 factories have signed up for energy supplies from 17 BGrimm facilities.
“There are industries including data centre businesses, petrochemical and steel which require quality and reliable power supply and which can well become our customers,” Preeyanart pointed out, adding that the company is regularly monitoring demand.
Regarding the drought situation, BGrimm has implemented water management measures to optimise water use and conserve resources in accordance with sustainability guidelines.
Most of the water used by BGrimm’s facilities comes from recycling or is treated wastewater from industrial plants.
The company is confident it will be able to continuously produce reliable power to meet the needs of customers throughout the year, she said.
