BAFS expands renewable energy business, invests budget to purchase Japanese solar power plants Value not more than 2,500 million yen
Mr. Prakobkiat Ninnat, President of Bangkok Aviation Fuel Services Public Company Limited or BAFS said that the Board of Directors meeting on August 9, 2021 considered and approved the BAFS Clean Energy Corporation Company Limited, a subsidiary of BAFS. Acquisition of solar power plants in Japan This is the purchase of 99.99% of PDI Energy Company Limited’s ordinary shares from Padaeng Industry Public Company Limited with a total value of not more than 2,500 million yen.
M.L. Natthasit Diskul, Chief Executive Officer, BAFS Clean Energy Corporation Company Limited It said that PDI Energy’s solar power plants, with a total capacity of 13 megawatts, have been commercially operational. This investment will give BAFS Clean more renewable energy capacity. and can recognize income from the first year of the acquisition This is in line with the Group’s main strategic plan to expand investment in renewable energy businesses both domestically and internationally. To strengthen the financial stability of the group of companies and to meet the corporate governance that focuses on sustainable business Support the government’s drive for clean energy policy
In this regard, the sale of such ordinary shares will be completed upon the fulfillment of the conditions that the Company Must be approved by the shareholders of the company. The said investment is expected to be completed by the fourth quarter of 2021. At present, BAFS Clean has 7 solar power plants with a total capacity of 36.4 megawatts. There are more solar power plants, totaling 9 plants with a total capacity of 49.4 megawatts.
sticks to every situation from
Line @Matichon here
