BGRIM Advances in IPS Business, Expecting to Implement LNG Imports for Future Integration

Mr. Harald Link, President of B.Grimm Power Public Company Limited (BGRIM), stated that the company is preparing to advance in an entity of Independent Power Supply (IPS) to provide power to its customers in commercial buildings and community malls, which are a new customer base for BGRIM.

 

The company saw that the market penetration in IPS is a great opportunity as mix-used projects were storming the market as of late, which has high electricity cost and will seek an alternate channel to lower the cost.

Primarily, the company has 5-6 potential mix-used projects showing interest in IPS. BGRIM expected to announce more details regarding the deal within 2021.

 

Moreover, BGRIM has acquired an LNG License last year, which enables the company to import LNG to produce its own electricity, resulting in lower production cost. The company is projected to import LNG for IPS uses in the future as well.