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. 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. 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.
Under the management of Siam Solar Energy 1 Co., Ltd. which is the joint management between Thai Solar Energy Co., Ltd. and PTT Public Company Limited., the representatives from both parties will incorporate into business management which means will set up the policy, direction and guidance by getting approval from the management committees.
Dr. Pailin Chuchottaworn, Chief Executive Officer and President of PTT Public Company Limited has acquired a 40 per cent stake in Thai Solar Renewable (TSR) which owns 100 per cent of Siam Solar Energy 1 (SSE1).
This joint venture will build the business opportunities and support business expansion in order to strengthen in solar power plant business and be a leader in other renewable energies to sustainable energy in the future .
Mr. Somphop Prompanapitak, Chief Operating Officer, Thai Solar Energy Co., Ltd. stated that the company is considering fund raising by preparing for the registration in The Listed Companies in The Securities Exchange MAI in next 12 months. The company also studies the other fund raising from other sources such as Infra-structure fund. Besides, the company is interested to expand the business for renewable projects such as wind, biomass, napier grass which the government encourages at the moment.
Mr. Vic Kichodhan, Chief Technical Officer, Thai Solar Energy Co., Ltd. stated that the company has invested in the building of photovoltaic solar power plants in Thailand using technologies from world leading suppliers from Europe and America which different from the previous project at Huai Krachao. However, the 10 photovataic solar power plants projects under construction are all expected to be finished by June 2013.