BGRIM “ABPR5” 25% IRR, Books ฿500M. in 4Q18!!
BGRIM, today, feted the commercial start-up of its latest co-generation power plant, completed within the budget and schedule. 
3 ต.ค. 2561

Mrs. Preeyanart Soontornwata, president and director of B.GRIMM Power Public Company Limited (BGRIM), told “Kaohoon Online” that the 133-megawatt facility, operated by subsidiary Amata B. Grimm Power (Rayong) 5 Ltd, or ABPR5, a joint venture with Amata Corporation Public Company Limited (AMATA) and Sumitomo Corporation Company Limited, and is located in Amata City Industrial Estate, Rayong, began feeding its output to the Electricity Generating Authority of Thailand (EGAT), the buyer under a 25-year supply contract on the basis of Small Power Producer (SPP).
 
ABPR5 has an internal rate of return (IRR) at 15-25%, which will add about 500-550 million baht by estimation to BGRIM’s revenue this year, while the estimation of 2019 would be around 2,000-2,100 million baht. ABPR5 became BGRIM’s third co-generation facility built in Amata City Rayong which was successfully brought on line so far this year with a total installed capacity of 399 MWs. With ABPR5, BGRIM current has a total of five co-generation power plants in operation at Amata City Rayong for a total of 646.7 MW.
Meeting the commercial operation date (COD) for ABPR5 allows the SET-listed BGRIM to achieve its revenue and profit projection as well as consolidating the group’s overall capacity now reaches 2,045 MWs. It also means that ABPR5 is helping to strengthen the security of power supplies for the country.
 
The addition of ABPR5 raises the number of power plants operating on the commercial basis under BGRIM in Thailand and abroad to 33, 15 of which are co-generation, 15 solars, two hydropower and a diesel-fuelled.
Development of additional power plants, with a combined installed capacity of 1,081 MW, is underway. BGRIM has to date secured long-term contracts to deliver 3,126 MW to buyers.
 
Meanwhile, BGRIM has set up a subsidiary in Malaysia known as B.Grimm Power (Malaysia) Sdn Bhd with a registered capital of RM 1 million. The subsidiary will pursue power business opportunities in the country which is gearing up its energy sector.
 