With the latest addition from those seven solar farms, the SET-listed firm closed 2018 with combined capacity equity to 2,076 MWs, up by 26% from the previous year, and strengthening BGRIM’s position as one of Thailand’s leading private power producers, BGRIM President Preeyanart Soontornwata pointed out.
In view of the start-up of various new power generation projects in 2019 including the solar farms in Vietnam, the Nam Che hydropower scheme in Laos and the waste-to-energy scheme, BGRIM’s capacity portfolio will become more notable with 2,737 MW, a 34% jump from 2018.That will also enable BGRIM to achieve the targeted revenue of 42 billion baht in 2019. Mrs Preeyanart noted.
With the various power sale agreements in hand which will push BGRIM’s installed capacity to surpass the 3,000-MW mark in 2021, the Company is exploring new investment opportunities in South Korea, Taiwan, Vietnam, Malaysia and the Philippines.The quest constitutes BGRIM’s aim to grow its total installed capacity to 5,000 MW in 2022.
BGRIM currently operates an aggregate of 36 power stations comprising 15 co-generation plants, 18 solar farms, two hydropower plants, and one diesel generator in Thailand and abroad, altogether capable of producing over 2,056 MWs. More than 1,070 MWs in incremental capacity are slated for development during 2019 and 2022.