Power generating
The Nation March 23, 2012 3:39 pm
Under the share purchase agreement signed on Friday, Egco will acquire 4.5 million shares of G-Power Source Co Ltd (GPS), the developer of 4 solar power plants. While the shares cost Bt630 million, Egco is earmarked another 108 million for the construction cost.
According to Sahust Pratuknukul, president of Egco, GPS has struck the power purchase agreements with the Provincial Electricity Authority for the four power plants, which has the combined capacity of 26 megawatt. They require a total investment of Bt3.1 billion. GPS will enjoy special tariff of Bt8 per unit for the solar power, of which supply from three plants started in March.
Two of the three plants are located in Nakhon Sawan and one in Chai Nat. The fourth power plant is scheduled for operations in December 2012.
"The investment is in line with EGCO Group?s strategies to expand its business towards the renewable energy and also responds to the company's responsibility towards society and the environment as well as the government?s policy regarding renewable and green energy." Sahust said.
Earlier this week, Ratchaburi Electricity Generating Holding Plc also teamed up with SPCG Plc to develop 3 solar farms in Nakhon Ratchasima.
Egco Group currently has 28 operating and developing plants with total installed capacity of 5,029 MW which 110 MW is from 12 renewable power plants comprising of Roi-Et Green (Rice Husk), Yala Green (Parawood), Lopburi Solar, SPP 3 and SPP4 (Solar), Theppana Wind Farm and 6 solar power projects developed by Yanhee EGCO Holding Co Ltd.
Latest stories in this category
Source: http://www.nationmultimedia.com/business/Egco-Group-expands-interest-in-solar-energy-30178604.html
heart shaped box lucid 2012 ncaa tournament bracket anthony davis matterhorn chris harrison braveheart
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.