TSE’s first trading day in MAI Expected positive investors’ response backed by growth potentials

TSE’s first trading day in MAI Expected positive investors’ response backed by growth potentials

Thai Solar Energy Public Company Limited, or TSE, started its securities trading in MAI for the first time on Oct 30st, 2014, being confident on positive investors’ responses backed by the company’s business potentials after it saw significant demand at the subscription price of 3.90 Bath/share. Executives emphasized on strengthening TSE, aiming for another government-sponsored solar energy project. Bualuang Securities PCL., TSE’s financial advisor, suggested a bright future for energy sector, supported by Thai government’s plan to generate additional solar power production of 3,000 MW by 2021.

Dr. Cathleen Maleenont, President and Chief Executive Officer of Thai Solar Energy PCL (TSE), a Thai solar-based power producer that supplies electricity to the government following the policy of Energy Policy and Planning Office, Ministry of Energy to encourage production and consumption of renewable energy, and distributes electricity to Provincial Electricity Authority (PEA) and Metropolitan Electricity Authority (MEA) revealed that the TSE stock will begin trading in MAI for the first time on October 30th, 2014 using the symbol “TSE” after it completed IPO for its 450 million shares with the par value of 1 Bath/share and the subscription price of 3.90 Bath/share between October 21st-24th, 2014, having confidence that TSE share will be warmly welcomed by the investors.

TSE’s vision is to be the leader of renewable energy with emphasis on solar power plants using the right technology on the proper location to ensure high and sustainable returns. It also aims to expand into other types of renewable energy, such as wind power, biomass, biogas, and waste-to-energy, and expand its investment in solar power plants to other regional countries in the forms of solar farms and solar rooftops in order to put itself at the forefront of renewable energy business both in Thailand and Asia region.

Currently, TSE is a solar-based electricity producer and distributor with 25 projects in operation, totaling 98.5 MW. The projects are divided into 2 categories: solar thermal energy (STE) plants and photovoltaic (PV) plants. One STE plant, with its electricity production capacity and sale volume of 4.5 MW, has commercially operated. For PV plants, the company co-invested with Global Power Synergy Co., Ltd. (GSPC), a company specialized in electricity production in the PTT Group, to construct 10 PV projects with total capacity of 80 MW in Kanchanaburi province and Suphanburi province. All 10 projects have now commercially operated. Furthermore, TSE also co-developed 14 commercial rooftop PV solar projects with its business alliances, HomePro Group and The Mall Group. The projects, each producing 1 MW and totaling 14 MW of electricity generated, have started to commercially operate and are expected to reach CODs within this year. This results in the company being the biggest solar rooftop producer and distributor in Thailand.

“We are highly confident in the growth potentials of our company. Our capability to expand in solar power business following the government policy will place us at the top of renewable energy industry both in Thailand and Asia.”, stated Dr Cathleen.

The capital raised from IPO at around 1,755 MB will be used to expand TSE’s business both in Thailand and abroad, such as investment in solar power plants and other renewable energy plants and EPC business for solar power plants. Part of the funds will also be used to repay TSE’s existing long-term debts and to support the company’s working capital needs.

Mr. Pichet Sithi-Amnuai, President of Bualuang Securities PCL and TSE’s financial advisor and underwriter, stated that renewable energy business in Thailand is looking at a bright future supported by Thai government’s policy to encourage participation from private sector in the production of renewable energy. Thai government increased the production target of renewable energy in its Alternative Energy Development Plan 2012-2021 to 25% of total electricity generation, and recently gave approval to increase the production target of renewable energy in 2021 by 4,726 MW to 13,927 MW. This will benefit solar-based electricity sector, which currently has target production of 3,000 MW by 2021, as it is expected that the government may raise its solar electricity purchase from private producers.

TSE’s solid foundation in solar power business in Thailand and its plan to expand into Asia region clearly reflect its unmatched potential and unequivocal determination to seize the leading position in renewable energy business both in Thailand and Asia. This will secure investors’ trust and assurance towards the company’s business direction, performance and future growth.

SSE 1 Official Launch Photovoltaic Solar Power Plants

SSE 1 Official Launch Photovoltaic Solar Power Plants

Dr. Cathleen Maleenont (CEO) and Management Team of Siam Solar Energy 1 Company Limited and Mr. Jakchai Barlee, President Global Power Synergy Company Limited, a subsidiary of PTT Group have joined the grand opening ceremony at Siam Solar Energy 1 Company Limited at the branch of SSE1-PV4 and SSE1-PV5 at Tambon Nongkrathum, Amphur Doembangnongbuat , Suphanburi Province from 10 photovoltaic solar power plants with combined output of 80MW ac in the provinces of Kanchanaburi and Suphanburi with investment worth more than 7 billion baht. At present, 7 photovoltaic solar power plants have been commercial operating and all will be completely operating within June 2014.

Siam Solar Energy 1 Company Limited is the joint venture between Thai Solar Energy Company Public Company Limited and Global Power Synergy Company Limited, a subsidiary of PTT Group. This will be developing and creating clean energy to both domestic consumption and likewise those within the Southeast Asian region. Thoroughly, there will be the opportunity to expand the business and to be the leader of renewable energy business in the near future.

Siam Solar Energy 1 Co., Ltd. won two awards at the Asian Power Awards 2013

Siam Solar Energy 1 Co., Ltd. won two awards at the Asian Power Awards 2013

Siam Solar Energy 1 Co., Ltd. won two awards at the Asian Power Awards 2013:

1. Fast Track Power Plant of the Year
2. Power Utility of the Year (Thailand)

Asian Power Awards 2013 hails outstanding power companies in Asia

Nearly 100 executives from power companies gathered for the awards night.

Now on its 9th year, Asian Power Awards 2013 recognized the best initiatives and projects in Asia. The ‘Oscars’ of the power industry held in Bangkok, Thailand was graced by nearly 100 key executives from exceptional companies in the industry who relentlessly strive for great quality and excellence in their respective categories.

The judges were John Goss, Managing Director at Ceejay International; Narayan Bhat, Head, Power Asia at Lloyd´s Register Group; and John Yeap, Partner and Head of Energy – Asia at Pinsent Masons.

Addressing the winning companies during the awards night, Yeap said, “We are always impressed by your nominations every year and the projects have been improving significantly. Congratulations to all the winners.”

Asian Power congratulates the companies who made it to this year´s Asian Power Awards. The winning companies

Solar Power Project of the Year:

Gold – Pratapghar 9 MWp Solar Power Plant powered by Integrated Coal Mining Limited

Silver – 100kW Offgrid Hybrid Inverter HITC for island electrification powered by Zigor HK Ltd.

Bronze – SPP2, SPP3, SPP4, and SPP5 Tracking Solar Power Plants powered by Electricity Generating Public Company Limited [EGCO]

Hydro Power Project of the Year:

– SON LA HYDROPOWER PROJECT powered by Alstom Hydro China Co., Ltd & Vietnam Electricity Group (EVN)

Biomass Power Project of the Year:

– Metso

Wind Power Project of the Year:

– Longyuan Offshore Demonstration Wind Farm – Jiangsu Longyuan Offshore Wind Power Co.Ltd

Coal Power Project of the Year:

Gold – Hubei Xisaishan Power Project powered by Meiya Power Company

Silver – Trouble free operation for 5,000 days of Boryeong thermal power plant unit #3 powered by KOMIPO

Bronze – Mong Duong II, Vietnam powered by Victaulic

Gas Power Project of the Year:

Gold – Dangjin 3 CCPP – More than 60 percent efficiency for the first time in Asia – GS EPS Co. Ltd.

Silver – Paju Co-Generation Combine Cycle Power Plant Korea District Heating Corp. (KDHC) powered by EMERSON PROCESS MANAGEMENT ASIA PACIFIC PTE LTD

Fast-Track Power Plant of the Year:

Gold – SON LA HYDROPOWER PROJECT powered by Alstom Hydro China Co., Ltd & Vietnam Electricity Group (EVN)

Silver – Siam Solar Energy 1 Co., Ltd.

Bronze – Mong Duong II, Vietnam powered by Victaulic

Environmental Upgrade of the Year:

Gold – Hubei Xisaishan Power Project powered by Meiya Power Company

Silver – NOx Emission Reduced Project of the Gas-Fired Combined Cycle unit at NanPu Power Station powered by Taiwan Power Company

Bronze – GE

Transmission & Distribution Project of the Year:

Gold – Chui Ling Road 132KV Substation: A Showcase of Stakeholder Participative Model and Sustainable Design in Hong Kong powered by CLP Power Hong Kong Ltd.

Silver – Integrated Call Centre with SAP BCM Support powered by Tata Power Delhi Distribution Ltd.

Bronze – A Successful Case in Preventive Maintenance Management powered by Taiwan Power Company

Power Plant Upgrade of the Year:

Gold – Eco-friendly and high-efficiency Energy Complex for Yeongheung Units 5 and 6 powered by Korea South-East Power Co.

Silver – Shinincheon Combined Cycle Power Plant Improvements powered by Korea Southern Power Co., LTD

Bronze – ZhuZhou Power Plant, China powered by Victaulic

Innovative Power Technology of the Year:

Gold – Achievement of trouble-free operation during 3,000days powered by Korea Southern Power Co., LTD

Silver – Ongrid/Offgrid Three Phase Hybrid System HITD powered by Zigor HK Ltd.

Bronze – Improving power system efficiency with Fast Flexible Power – Case Thailand. Powered by Wärtsilä

Smart Grid Project of the Year:

– Development and Establishment of A Data-Management Platform for Monitoring of Lightning Arresters powered by Taiwan Power Company

Information Technology Project of the Year:

Gold – Origin’s Information Technology Project of the Year – Origin

Silver – Load Forecasting Solution powered by Reliance Infrastructure Ltd

Bronze – Integrated Call Centre with SAP BCM Support powered by Tata Power Delhi Distribution Ltd.

Power Utility of the Year:

(Thailand) Siam Solar Energy 1 Co., Ltd.

Power Utility of the Year:

(Vietnam) SON LA HYDROPOWER PROJECT powered by Alstom Hydro China Co., Ltd & Vietnam Electricity Group (EVN)

Power Utility of the Year:

(China) Hubei Xisaishan Power Project powered by Meiya Power Company

Power Utility of the Year:

(India) 382.5 UNOSUGEN CCPP – TORRENT POWER LIMITED

Power Unitility of the Year:

(Korea) Trouble free operation for 5,000 days of Boryeong thermal power plant unit #3 powered by KOMIPO

Independent Power Producer of the Year:

Gold – SINGRAULI SUPER THERMAL POWER STATION powered by NTPC Limited (Govt. of India Enterprise)

Silver – 382.5 UNOSUGEN CCPP – TORRENT POWER LIMITED

Bronze – Rays Solar Park powered by Rays Power Experts Private Limited

CEO of the Year

Mr. Lee, Sang Ho, Korea Southern Power Co., LTD.