Mr Link at the ceremony in Laem Chabang for the company’s gas-fired power plants.
B.Grimm Power (BGRIM), an energy firm with the largest capacity in the small power producer (SPP) segment, has allocated 45-50 billion baht in capital spending this year to expand its business across Asia, mainly through asset acquisitions.
More than half of the budget will go to power generation asset purchases, based on both renewable resources and fossil fuel, said Harald Link, BGRIM’s president.
In 2021, the company plans to add 900 megawatts to its existing power generation capacity of 3,682MW, including 624MW from facilities under construction.
The company targets 7,200MW by 2025.
BGRIM expects earnings before interest, taxes, depreciation, and amortisation will grow 30% this year, compared with 29% last year.
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