ADVANC has awarded GULF a 16.5MW solar PPA contract for Bt532m under 10-25 year period terms for data, contact, switching centers, base stations and transmission node buildings.

Comment: Well, this is becoming left pocket, right pocket.

B.Grimm weighs stake sale in Thailand  BANGKOK POST: LONDON – B.Grimm Group is considering selling a minority stake in its gas-fired power portfolio in Thailand that could be valued at about US$2 billion (72.48 billion baht) in a deal, according to people familiar with the matter. 

Comment: This is an interesting development, either its a great exit price offered, or management isn’t comfortable with the new government.

EV, battery demand to spur EA’s revenue  BANGKOK POST: Growing demand for commercial electric vehicles and batteries is expected to boost the total revenue of SET-listed Energy Absolute (EA), a renewable energy and EV developer and operator, to reach a record high of more than 41 billion baht this year, up from 27.5 billion baht in 2022. EV and battery sales represented 25% or 10.4 billion baht of total revenue in the first half of this year. 

Comment: Right…they are selling the batteries to their own subs/associate companies/”partners”

  1. Re; EA Bangkok Post: Comment: Right…they are selling the batteries to their own subs/associate companies/”partners”.

    Long standing Thai business practice. For instance: CP Group. Also I worked for Thai Battery (Boliden/ Trane), Thai lubricants and other subsidiaries. The Thai Chinese CEO would only deal with associated companies.

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