Bangkok--Apr 4--124 Communications
Glow Energy Plc’s CEO, Peter Termote (third from right) recently signed a contract with Vinythai Plc’s Managing Director, Vincent De Cuyper (third from left). Glow Energy will sell and supply additional 40 MW to Vinythai’s new plants under a 15 years contract and extend the term of the existing electricity sales and steam supply agreements for Vinythai’s existing plants for 10 years.
About Vinythai
Vinythai is listed on the Stock Exchange of Thailand. Its major shareholders, as at end of December 2004, are the Belgium based Solvay ( 46.40%) and the Thai group Charoen Pokphand (25.69%). Vinythai’s principal business is manufacturing and trading of Polyvinyl Chloride and Sodium Hydroxide (caustic soda). For more information about Vinythai visit the company’s website at www.vinythai.co.th.
About Glow
Glow Energy group is a major energy player in Thailand. Its combined installed capacities include 1,670 MW of electricity and 897 ton per hour of steam. The group posted, in 2004, consolidated Net Earnings of Baht 4.0 billion on Baht 27.3 billion of consolidated Revenues.
Glow Energy owns power producers and utility providers which generate and supply electricity to the Electricity Generating Authority of Thailand (EGAT) under Thailand's SPP (Small Power Producer) and IPP (Independent Power Producer) programs, as well as electricity, steam, industrial water and services to large industrial customers principally located in the Map Ta Phut area.
SUEZ Energy International is Glow Energy’s major shareholder and is a business division of the SUEZ group, one of the largest international industrial and services groups in the world.
For more information about SUEZ or SUEZ Energy International, please visit the companies’ websites at www.suez.com, www.suezenergyint.com. For more information about the Glow Group please go to www.glow.co.th.
For more information, please contact
Ravipim Kingwattananant/ Tongchan Boonyapataro
124 Communications
Tel. 0-2662-2266 ext. 211
E-mail: [email protected]
Click for photo release at www.thaipr.net End.