BCPG forges ahead with four new solar power projects in Thailand
Niwat Adirek, President and CEO of BCPG Public Company Limited, disclosed that on November 15, 2023, the Company signed Share Sale and Purchase Agreement with Green Tech Venture Public Company Limited (GTV) to acquire 12.95-MW solar power plants in Thailand through a 100% equity in BS Solar Energy Company Limited and Parabolic Solar Power Company Limited.
The four solar power plants, which have already started commercial operations, are located in four provinces; Udon Thani, Phetchabun, Nakhon Sri Thammarat and Songkhla. BCPG gained the feed-in-tariff of 4.12 Baht per unit.
“We expect to immediately recognize revenue from four new solar power plants after the completion of the agreement by the first quarter of 2024. The investment is in line with BCPG’s strategy to expand our core business – green power plants. In addition, we aim to develop the existing projects to enhance our portfolio’s performance”, Niwat said.