PTT Public Company Limited realizes on renewable energy by acquiring a 40% stake in Thai Solar Energy Co.,Ltd. which holds 60% stake.

PTT Public Company Limited realizes on renewable energy by acquiring a 40% stake in Thai Solar Energy Co.,Ltd. which holds 60% stake.

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.

Bangkok Bank supporting “Thai Solar Energy” 10 Solar Power Plants

Bangkok Bank supporting “Thai Solar Energy” 10 Solar Power Plants

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.

Support cold water tanks to schools in rural areas.

Support cold water tanks to schools in rural areas.

In December 2011, Thai Solar Energy Public Company Limited has provided assistance and support the project of remediation and enhancing electricity consumption in rural areas in year 2011 of Customer Service Division, Provincial Electricity Authority (PEA), area 3 (central region), Nakhon Pathom Province.

By support two units of water tanks to Nong Pla Sew school in Kanchanaburi which are shortage of consumer goods that are necessary for students.

Support cold water tanks to schools in rural areas

Support cold water tanks to schools in rural areas

In December 2011, Thai Solar Energy Public Company Limited has provided assistance and support the project of remediation and enhancing electricity consumption in rural areas in year 2011 of Customer Service Division, Provincial Electricity Authority (PEA), area 3 (central region), Nakhon Pathom Province.

By support two units of water tanks to Nong Pla Sew school in Kanchanaburi which are shortage of consumer goods that are necessary for students.

EM ball (Effective Microorganisms)

EM ball (Effective Microorganisms)

TSE team make EM ball to bring this ball in waste water. The benefit of EM ball is able to adjust the pH and oxygen because microorganisms in the mass that degrade organic compounds in waste water. This ball is made from natural microbial organisms. No pathogenic microorganisms. No synthetic chemicals. And not cut jeans (GMOs).

EM ball (Effective Microorganisms)

EM ball (Effective Microorganisms)

TSE team make EM ball to bring this ball in waste water. The benefit of EM ball is able to adjust the pH and oxygen because microorganisms in the mass that degrade organic compounds in waste water. This ball is made from natural microbial organisms. No pathogenic microorganisms. No synthetic chemicals. And not cut jeans (GMOs).