Bangkok--15 Feb--Four Hundred
Thai Solar Energy Co., Ltd. (TSE) joins hand with Bangkok Bank Public Co., Ltd.(BBL), whereby BBL provides financial support worth more than 5.4 billion Baht for TSE to invest in the construction of two (2) phases of the 10 projects of photovoltaic solar power plants, with production capacity of 80 mega watts. The total investment is said to be amounting to more than 7,000,000,000 (seven billion) Baht and expected to generate the annual income of over 1,000,000,000 (one billion) Baht.
Dr. Cathleen Maleenont, Chief Operating Officer of Thai Solar Energy Co., Ltd. (TSE),has revealed that Thai Solar Energy Co., Ltd., founded in 2008, with head office located in Bangkok, Thailand, is the number one industrial leader in Southeast Asian region, using solar thermal parabolic trough technology to produce clean electricity. The company has also cooperated with several world-renowned energy institutes in many countries around the world, as well as with energy specialists, in aims to develop and create clean renewable energy to cope with Thailand’s increasing domestic consumption demand as well as those within the Southeast Asian region. The first solar plant is situated in Amphur (district) Huay-Krachao, Kanchanaburi (province), Thailand, covered more than 150 rais of land, with a production capacity of 5 mega watts, and an investment of over 900 million Baht.TSE realizes that, at present, the effects of the global warming, as well as an increasing demand on energy consumption in Thailand in the future, are in line with the Provincial Electricity Authority’s (PEA) plan to purchase electricity from the so-called renewable energy. Therefore, the company has made an investment in solar power plants using PV (Photovoltaic) technology, through Siam Solar Energy 1 Co., Ltd. (SSE1). SSE 1 comprises of 10 solar power projects, with the total production capacity of 80 megawatts. The investment is divided into two (2) phases, each phase has the production capacity of 40 megawatts. In light of this very investment in particular, the company has received financial support from Bangkok Bank Public Co., Ltd. up to 5,400,000,000 (5.4 billion) Baht.
Mr. Chartsiri Sophonpanich, President of Bangkok Bank Public Co., Ltd., has revealed that Bangkok Bank is very pleased to provide financial support for Siam Solar Energy 1 Co., Ltd.’s solar power plant projects, backing up the latter’s investment in total of 5,400,000,000 (5.4 billion) Baht worth of loans. This great success indeed reflects upon trust and faith embedded in the overall project, as well as the company’s management team as a whole, as it signifies one of several major projects implemented under the energy policy of the country by which renewable energy is to be substantiated; the said policy has also garnered warm welcome and support by the Thai government in every possible format to such an extent that it has been determined as a national agenda. Moreover, the policy for renewable energy should be of importance to Thailand’s energy stability as a result of diversifying the use of electricity-generating in long term. It is therefore another great opportunity for Bangkok Bank to become part of the said (overall) project. This truly serves as an epitome of Bangkok Bank’s ongoing support for Thailand’s energy stability and energy development from here to the future.
Dr. Cathleen Maleenont has also added that Phase 1 consists of 5 projects, with production capacity of 8 megawatts, in both Suphanburi (province) and Kanchanaburi (province). Project subcontractors are Conergy (Thailand) Co., Ltd. and SunEdison Energy (Thailand) Co., Ltd. It is expected that through these projects, electricity should be distributed to Provincial Electricity Authority within February or March 2013 (2556) onwards. Phase 1’s construction is for the time being nearly completed.
Phase 2 consists of 5 projects, each with production capacity of 8 megawatts, thus equal to 40 megawatts in total, likewise in both Suphanburi (province) and Kanchanaburi (province). The projects, under construction, are all expected to be finished by June 2013.
Dr. Cathleen Maleenont has summarized that both phases, 10 projects together, with production capacity of 80 megawatts, worth more than 7,000,000,000 (7 billion) Baht in investment value, are expected to generate more than 1,000,000,000 (1 billion) Baht in annual income; the said projects have been garnering financial support up to 5,400,000,000 (5.4 billion) Baht from Bangkok Bank.