B.Grimm Power Public Co Ltd (BGRIM) and Lao PDR’s EDL-Generation Public Company (EDL-Gen) have reached an agreement to collaborate on wide-ranging power-related ventures in Southeast Asia.
Dr Harald Link, President of BGRIM and Duangsy Pharanhok, CEO of EDL-Gen, signed a memorandum of understanding (MOU) to jointly explore the feasibility of developing hydropower, wind power, solar energy, transmission system and power trading in domestic and overseas markets to meet the demand for clean energy in the ASEAN region.
Vientiane-based EDL-Gen is part of state power enterprise Electricite du Laos (EDL) established in 2010 and being listed on the Lao Stock Exchange in 2017.
EDL-Gen has a total installed capacity of 1,949 megawatts with 1,683 MW deriving from 27 powerhouses in operation.
The production comes from 10 hydropower stations which are wholly-owned by EDL-Gen and 16 plants under the Independent Power Producer (IPP) joint-private partnership scheme.
Thailand is a major buyer of electricity from EDL-Gen, accounting for up to 42% of the firm’s total installed electricity generation.
EDL-Gen’s development of hydroelectric power projects is geared towards joint investment with IPPs as a means to attract foreign investment in Lao PDR.
By 2029, EDL-Gen aims to have a total of 42 power plants with a combined installed capacity of 2,435 MW.
On the other hand, BGRIM is one of Thailand’s leading power producers and a member of B.Grimm group, a diversified conglomerate active in sectors like energy, building and industrial systems, healthcare, real estate, shipping and digital technology.
BGRIM operates 56 power plants and has targeted to ramp up its power sale contracts to 7,200 MW by 2025 and further to 10,000 MW five years later.
BGRIM has sought to expand investment in power plants both at home and abroad and pursuing joint ventures with various partners to become one of leading global energy producers.
At the top of BGRIM’s long- term objectives is achieving Net-Zero carbon emissions by 2050.