BGRIM Adds ฿110M. to Laos’ “Nam Che 1” Hydro Power Project, Expecting COD 2Q19
BGRIM has reported an additional investment of $3.46 million or equivalent to ฿110.57 million in Nam Che 1 Hydro Power Project, Laos.
On January 14, 2019, the Board of Directors of B.Grimm Power Public Company Limited (BGRIM) approved an additional investment in Nam Che Hydro Power Co., Ltd., in which B.Grimm Power (Lao) Company Limited (wholly owned subsidiary of BGRIM) holds 72% of the shares.
B.Grimm Power (Lao) Company Limited will increase the capital of Nam Che Hydro Power Co., Ltd. by the amount of $3.46 million or equivalent to ฿110.57 million. BGRIM still maintains its shareholding in Nam Che Hydro Power Co., Ltd.
The company is expecting to earn benefits from project development and working capital for operating Nam Che 1 Hydro Power Project, which is expected to operate commercially in or around the 2nd quarter of the year 2019.