Miss Siriwong Borvornboonrutai, President – Finance and Accounting at B.Grimm Power Public Company Limited (SET: BGRIM), disclosed that, due to the ongoing Iran-Israel war, the company has assessed concerns over the closure of the Strait of Hormuz—a vital route for exports of both natural gas and crude oil worldwide, accounting for 20% of global supply. Thus, it is expected that oil and gas prices on the global market would increase following the disruption.
Meanwhile, the government has announced policy measures to cope with potential increases in oil prices, including additional procurement of gas from the Gulf of Thailand and increasing the use of electricity from coal and hydropower to reduce LNG imports.
Additionally, the export of oil to neighboring countries has been suspended, and the Oil Fuel Fund mechanism has been used to manage energy prices during periods of volatility.
For BGRIM, the company is closely monitoring the situation and has adjusted its production plans, reallocating system customers to manage fuel for maximum production efficiency and reduce the use of primary fuels.
The company is also negotiating with industrial user (IU) customers to revise electricity pricing formulas to better reflect gas costs, and accelerate ongoing construction projects, particularly renewable power plants such as solar and wind, to promptly bring them into commercial operation (COD).
For 2026, BGRIM expects to recognize additional revenue from projects that will gradually reach COD, totaling 600 megawatts (MW). These projects include the Insee B.Grimm Solar Power Plant (80 MW); Zhongce Rubber Rooftop Solar Power Plant at Amata City Industrial Estate, Rayong Province (35 MW); Nakwol 1 Offshore Wind Power Plant (365 MW); Huong Hoa 1 Onshore Wind Power Plant (48 MW); and other projects totaling a maximum capacity of 30 MW. Currently, BGRIM has a COD electricity capacity of 4,664 MW and another 2,890 MW of projects under development, targeting 10,000 MW by 2030.
Regarding efficient capital allocation to support sustainable long-term growth—even as the company’s balance sheet tightens—various options are currently under consideration, including fuel and project investments with potential new partners.
This also includes creating added value from strategic partnerships, setting up an infrastructure fund, and executing asset monetization, currently under negotiation with several partners. At the same time, the company is exploring additional renewable energy opportunities and may seek further partnerships for new projects.
