BCPG Plc recently acquired 100 per cent of shares in Lom Ligor Co Ltd, with wind power facilities in Nakhon Si Thammarat capable of producing 10 megawatts of electricity.
President and CEO Bundit Sapianchai said the company on June 15 purchased the entire equity of Lom Ligor, operator of the project in Pak Panang, with the investment including share acquisition and construction not exceeding Bt825 million.
The project is under construction but expected to start commercial operations by the end of 2018.
The acquisition was in line with BCPG’s commitment in expand into other technologies of renewable energy in Thailand in addition to solar.
This was the first time the company had invested in wind energy in Thailand following its investment last year in PetroWind Energy Inc, which runs a 50MW project in the Philippines.
“I’m positive that the investment in this project will generate satisfactory returns, with electricity sales at approximately Bt7 per unit for 10 years,” Bundit said.
“While this is a good opportunity for BCPG to expand our renewable energy base in Thailand, it is also a great way to enhance our employees’ expertise in wind power business.
“Electricity produced in Pak Panang, a location with frequent and sustained winds, will help respond to the increasing electricity demand in southern Thailand.
This investment has been conducted taking into account all stakeholders, returns to shareholders, community care, and the ecosystem and environment, in line with the company’s sustainable-development policy,” he said.
“In addition to business expansion in renewable power plants, the company is now entering the retail business, using blockchain to enable peer-to-peer renewable-energy trading of the electricity generated from solar rooftops, providing consumers with more access to renewable energy, for long term and sustainable growth for the company.”