BGrimm Power looks to 15% rise in revenue, M&A talks underway
BGrimm Power Plc, a major private power producer in Thailand, targets revenue growth of 10 per cent to 15 per cent this year, from Bt44.660 billion last year, said president Preeyanart Soontornwata on Friday (March 6).
Two new power plants will begin commercial operation this year, with the 16-megawatt Bo Thong wind farm in Mukdahan province set to start in September.
She said the company was in talks on merger and acquisition (M&A) deals of several power plants. Targeted facilities are small power plants (SPP) with combined capacity of 400MW and a natural gas plant in Malaysia with a capacity of 250MW.
The company has also studied plans to invest in a wind power plant in South Korea, a liquefied natural gas (LNG) power plant in Vietnam, and a solar farm in the Philippines.
Nopadej Karnasuta, Chief Financial Officer, said BGrimm Power may issue debentures worth not more than Bt8 billion in the middle of this year, depending on interest rate trend.
