Energy company insists on maintaining its investment in Thailand

0
224

BANGKOK, June 16 —  A private power generation company maintains its investment in Thailand and proposes the country buy electricity from Malaysia and Myanmar and transmit the power to the South where local generation is insufficient.

Herald Link, chairman of B.Grimm Power Co, said that from its experience doing business in Thailand for over a century, the company knows that Thailand is economically stable and the company would continue its investment here.

The Thai government is promoting economic expansion and energy security and depends on varied energy sources, he said.

Thailand build small power plants to support industrial growth, he advised, noting that wind power, solar and biogas generation would help feed power to industries.

Mr Link said his company bought two power plants worth Bt5.3 billion from Sime Darby PTA Energy of Malaysia.

The plants are in Laem Chabang area of Chon Buri province. The acquisition increases B.Grimm’s generation capacity by 163 megawatts, from 733 megawatts to 896 megawatts. The company plans to increase its generation capacity to more than 3,000 megawatts by 2019.

Regarding insufficient power generation in southern Thailand, the chairman of B.Grimm Power proposed the country buy power from Malaysia and Myanmar and improve its power transmission cables.