B.Grimm Power Public Company Limited (SET: BGRIM) has announced that B.Grimm Power (AIE-MTP) Limited (BGPM1R), a subsidiary of B.Grimm Power (holding 70.0% of total shares), commenced its commercial operation of new combined-cycle cogeneration power plant with an installed capacity of 140 megawatts for the replacement of existing power plant and started supplying electricity to the Electricity Generating Authority of Thailand (EGAT) since 31 December 2022.
BGPM1R project, located in WHA Eastern Industrial Estate (Map Ta Phut) in Rayong province, has entered into 25-year power purchase agreement with EGAT with contracted capacity of 30 megawatts while the remaining capacity is used for supplying electricity and steam to industrial users in WHA Eastern Industrial Estate (Map Ta Phut) under the long-term agreements.
BGPM1R project is the fourth power plant operated under the SPP Replacement program with higher efficiency from new technology and lower gas consumption per unit. B.Grimm Power commercially operated with a total capacity of 3,338 megawatts from total secured Power Purchase Agreement (PPA) of 4,055 megawatts which are under construction and development.
The remaining SPP Replacement project, BGPM2R, with an installed capacity of 140 megawatts will commence its commercial operation within the first quarter 2023.