PUBLISHED : 18 Dec 2023 at 05:15
Multinational conglomerate B.Grimm Power Plc is aiming for growth in the renewable energy sector.
For its latest business expansion, B.Grimm Power, in collaboration with Ratch Group Plc, invested in a hydroelectric power plant project in Laos.
The move aligns with the company’s “GreenLeap” strategy as B.Grimm Power has ambitions to become a leading global energy producer.
Harald Link, president of B.Grimm Power, said the company, Ratch Group and Lao World Engineering and Construction Co established a new entity named Xekong 4 Power.
The company is registered in Laos.
B.Grimm Power holds a 20% stake in the registered capital, amounting to an investment of 3.28 billion Lao kip (roughly 5.6 million…
