Dr. Cathleen Maleenont, Chief Operating Officer, as well as the management team, both of Thai Solar Energy Co., Ltd. (TSE) which generates electricity using heat power from the solar energy.
The company has realized at present the effects of the global warming, as well as an increase in energy consumption within the country (Thailand) in the future in line with the Provincial Electricity Authority’s (PEA) plan to purchase electricity from the so-call rotating energy; therefore, the company has made investment in the area of photovoltaic solar power plants, in process directly converting and making use of the solar energy into electricity power, whereby Siam Solar Energy 1 Co., Ltd. (SSE1) has been founded accordingly and working in 10 projects together, with the total production capacity of 80 megawatts.
The said investment has been divided into two (2) phases, each boasting its own production capacity of 40 megawatts. In light of this investment in particular, the company has received financial support from Bangkok Bank Public Co., Ltd. up to 5,400,000,000 (5.4 billion) Baht.
Phase 1 consists of 5 projects with production capacity of 8 megawatts, in both Suphanburi province and Kanchanaburi province. Project subcontractors are Conergy (Thailand) Co., Ltd. and SunEdison Energy (Thailand) Co., Ltd. It is expected that through these projects, electricity should be distributed to Provincial Electricity Authority from anytime in February or March 2013 onwards. Phase 1’s construction is nearly finished for the time being.
Phase 2 consists of 5 projects, each with production capacity of 8 megawatts, thus equal to 40 megawatts in total, likewise in both Suphanburi province and Kanchanaburi province. The projects under construction, are all expected to be finished by June 2013.
However, 10 projects together, with production capacity of 80 megawatts, worth more than 7,000,000,000 (7 billion) Baht in investment value, are expected to generate more than 1,000,000,000 (1 billion) Baht in annual income.
Mr. Chartsiri Sophonpanich, President of Bangkok Bank Public Co., Ltd., has revealed that Bangkok Bank is very pleased to provided financial support for Siam Solar Energy 1 Co., Ltd.’s solar power plant projects, backing up the latter’s investment in total of 5,400,000,000 (5.4 billion) Baht worth of loans. This great success indeed reflects upon trust and faith embedded in the overall project, as well as the company’s management team as a whole, as it signifies one of several major projects implemented under the energy policy by which substitute energy is to be substantiated; the said policy has also garnered warm welcome and support by the Thai government in every possible format to such an extent that it has been determined as national agenda. Moreover, this substitute-energy policy should be of importance to Thailand’s stability in terms of energy as a result of diversifying the use of electricity-generating in long term. It is therefore another opportunity for Bangkok Bank proudly to become part of the said (overall) project; this truly serves as an epitome of Bangkok Bank’s ongoing support for Thailand’s energy stability and energy development from here to the future.