An aerial view of a biomass-fired power plant operated by TGE in Surat Thani.
Thachang Green Energy (TGE), a SET-listed biomass power plant developer and operator, has been awarded contracts to develop three municipal solid waste-fired power plants as the firm aims to reach a revenue target of more than 3 billion baht in 2026.
Last year TGE’s revenue was 955 million baht.
The company signed power purchase agreements (PPAs) with the Provincial Electricity Authority, the state electricity distribution arm, to supply electricity to three administrative bodies in Ratchaburi, Sa Kaeo and Chumphon.
The PPAs are crucial for the business as they serve as collateral for loan applications from commercial banks, said Pongnarin…
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