The economic loss from tropical storm Pabuk on January 4 in southern Thailand may reach Bt5 billion (US$156 million) according to local authorities. The country’s most powerful storm in three decades disrupted flights and businesses while damaging more than 1,400 homes. The storm claimed three lives and forced over 34,000 people to evacuate as strong […]

PTT Group’s Global Power Synergy has secured the approval to acquire a 69.11 per cent interest in Glow Energy, the Thai unit of French energy major Engie while Thanachart Bank and TMB Bank are in talks for a merger. PTT’s $4b acquisition of Glow Energy approved The Thai energy watchdog has approved the $4-billion takeover […]

An advocacy group is planning to ask the Energy Ministry to revise its Power Development Plan draft, which it says has failed to raise people’s awareness on energy saving and may ultimately burden consumers with high electricity charges. The call for a revision comes as Thailand gears up to launch its national Power Development Plan […]

BANGKOK, 28 December 2018 (NNT) – B.Grimm Power Plc (BGRIM)’s solar power development projects have made headway according to plans to consolidate  its capacity build-up. Three out of the seven ground-mounted solar farms sponsored by BGRIM for government agencies and agricultural cooperatives in Thailand, with a total installed capacity of 10.8 megawatts, were brought on line […]

BANGCHAK will invest US$50 million in startups within the next five years in order to expand their core business and technologies with the goal to emerge as the leading innovative group of its kind in the Asean bloc. The firm expects to generate revenue growth to more than double in the next five years. The […]

Laos and Thailand will target new heights in deepening their relations as they head toward setting up a strategic partnership for growth and sustainable development. The direction of deepening relations and enhancement of bilateral cooperation was agreed on at the Third Lao-Thai Joint Cabinet Retreat (JCR) held in Vientiane yesterday co-chaired by Prime Minister Thongloun […]

Singapore — Thailand’s energy ministry has awarded the renewed production sharing contracts for two major gas fields to PTT Exploration and Production Public Co Ltd, boosting the state-run oil company’s gas production and reserves profile at a time when the country’s output has been flagging. PTTEP’s auction wins for the Erawan and Bongkot natural gas […]

The Asian Development Bank (ADB) will invest 5 billion baht (US$155 million) in the maiden green bonds by B.Grimm Power Public Company of Thailand, representing the first certified climate bonds to be issued in Thailand. These details were announced on December 11. The transaction comprised of two tranches – five years and seven years – […]

BANGKOK — The power generating arm of Thailand’s oldest industrial group, B. Grimm, has issued 5 billion baht ($152 million) in “green bonds” to raise funds for further investment in its renewable energy business. “We invested a lot in Vietnam, and we are now looking for business opportunities in Malaysia, Laos, Cambodia and the Philippines,” said Preeyanart Soontornwata, president of […]

PTT’s Global Power Synergy wants to obtain Engie Group’s Glow Energy Plc, but regulators have turned down the proposal on anti-trust grounds. The Energy Regulatory Commission (ERC) is likely to adhere to its recent resolution to derail a takeover effort made by PTT’s unit Global Power Synergy Plc (GPSC) for Glow Energy Plc. ERC chairman […]