‘Thachang Green Energy Public Company Limited’ shows vision of leading renewable energy power plant developer
Date 01 Mar 2022 time 22:01
‘Thachang Green Energy Public Company Limited’ shows vision of leading renewable energy power plant developer Highlighting strengths in production technology and raw material stability Expanding the renewable energy power plant business
Mr. Pongnarin Wansuwankul, Chairman of Executive Committee and Director of Tha Chang Green Energy Public Company Limited or TGE, a leader in the renewable energy industry that is friendly to the community and environment, revealed that the company has strengths from being one of the group. Tha Chang Industry A large palm oil mill operator in Surat Thani Province with a byproduct of production (by product) is a raw material from large amounts of palm biomass which can be used as raw materials used as fuel for electricity generation This made him see an opportunity to expand the business to the biomass power plant business. It has started to produce electricity for sale to the Provincial Electricity Authority since 2014 until 2019, thus expanding its growth to the community waste power plant business. which is a business that can be extended from the original business of the company and received support from the government from the policy of supporting renewable energy power plants continuously To create energy security according to economic growth in accordance with Green Energy or environmentally friendly energy.
Company’s business It is a business that is in the megatrends of the world. And in line with the country’s power development plan (PDP) that focuses on the development of renewable energy. According to the plan to increase electricity production from clean energy under the Electricity Development Plan of Thailand 2018, Revised No. 1 (PDP 2018 Revision 1), the latest edition, targets to increase power generation from renewable energy to 10,193 megawatts (MW). Emphasis is placed on the distribution of electricity from renewable energy power plants in accordance with the community power plant policy for the basic economy. Therefore, the proportion of electricity generation from renewable energy in Thailand will increase to 34.23% by 2030 to support the rising trend of electricity demand. The Ministry of Energy forecasts that domestic electricity demand will peak in 2037 at 53,997 MW, or 367.458 million units of electricity, which is a positive factor for the private power generation business. Especially electricity producers from alternative energy fuels such as municipal waste, biogas and biomass fuels, etc., that replace traditional energy sources such as coal or natural gas that tend to decrease in the future.
Mr. Pongnarin further said that the Company, as a leader in the production of electricity from renewable energy that is friendly to the community and the environment. Currently, the Company operates two types of renewable energy power plant projects, namely 1) biomass power plants from the main raw materials of empty palm bunch, palm fibers and from agriculture such as wood chips, tree roots, etc., and 2) community-waste power plants. Benefit from the growing trend of domestic energy demand and the policy to support renewable energy from the government in a concrete manner
The company aims to be a leading energy company. By using strengths and expertise in business operations, consisting of 1) cost effectiveness (Effectiveness) because all 3 biomass power plants of the group are located in Tha Chang District. Surat Thani Province which is an important palm plantation of the country together with the company It is in the Tha Chang industrial group that operates palm oil extraction business, which by product is a raw material used in biomass power plants. and purchase biomass raw materials from communities and farmers in the area resulting in economies of scale from raw material procurement and transportation costs and create fuel security in production. In addition to enabling communities and farmers to have better income and quality of life It also reduces the pollution and cost of biomass disposal. Along with creating energy security for the country as well
In addition, the Company’s 3 biomass power plants are located in close proximity to each other and use the same production technology. The Group can therefore manage the cost of spare parts storage. equipment for power plants This makes it flexible and creates a cost advantage as well. These are all increasing efficiency that makes Tha Chang more competitive and profitability. 2) Efficiency in production and management (Efficiency) The company has modern power plant management. and gain competitive advantages Make electricity generation high efficiency with low cost. by the Company’s biomass power plant can support a variety of fuels The fuel with high humidity 40-60% and can burn 100% of the empty palm bunch biomass feedstock makes the cost lower than the same type of power plant. As for the community waste power plant, the Company has adopted a technology that can incinerate high humidity solid waste. and use the electricity generation process from waste incineration without having to go through the sorting process. This reduces both the cost of electricity generation and the reduction of waste emissions. approaching the form of zero pollution or ‘Zero Waste’ and is committed to research and development that improves production processes. to increase efficiency and reduce production costs Including the implementation of strategies for operation and management of modern power plant projects To make the operation of the group of companies efficient, convenient, fast and enhance competitive advantage.
3) Experienced personnel and expertise in business operations (Experience) with good governance The company has personnel with high experience and expertise in both production and continuous development. for the maximum benefit to the organization Along with the emphasis on business operations that take into account the environment, society and good governance. It has announced a policy on sustainable organizational development (ESG: Environment, Social and Governance Policy), which aims to strive for sustainable organizational development. integrated with the creation of corporate values known as “TGE” (modern technology, high efficiency Emphasis on corporate governance, community, society and environment) and use it as a key tool in driving strategies and action plans to be connected. to create a balance in the dimensions of economy, society and environment throughout the value chain of business activities Strengthen the management system to continuously grow and develop into a stable organization covering all dimensions. To achieve excellence in sustainable renewable energy business bring wealth to shareholders as well as the maximum benefit to all groups of stakeholders
Dr. Sakda Siriphatsophon, Chief Executive Officer of Tha Chang Green Energy Public Company Limited or TGE, said that currently the company There are 3 biomass power plants that have commenced commercial power distribution (COD) projects, namely TGE, TPG and TBP power plants in Tha Chang District. Surat Thani Province The total installed capacity is 29.7 MW and the amount of electricity offered for sale to the Provincial Electricity Authority (PEA) under long-term contracts totaling 20.3 MW. Revenue will be recognized in the form of Feed-in Tariff (Fit) and will receive FiT Premium as During the first 8 years from the COD date, all 3 projects are VSPP-type power plants that use direct combustion technology (Direct Combustion) by using biomass raw materials that are waste materials from agricultural products such as palm bunches, palm fibers, and roots. Chopped wood, chopped palm trees, etc. as fuel to feed into the furnace.
In this regard, the Company has 3 other community-waste power plants, namely TES SKW Power Plant in Sa Kaeo Province, TES RBR Power Plant in Ratchaburi Province and TES CPN Power Plant in Chumphon Province, which have been selected by the local government organization (DOT) and are under development. It has a total installed capacity of 22 MW and a total contracted electricity supply of approximately 16 MW. It is expected that the Energy Regulatory Commission (ERC) will issue regulations on power purchases and power purchase agreements within the first quarter of 2022. and start COD within 2024, which will make the company with a total installed capacity of 51.7 MW and the total amount of electricity offered for sale with the Provincial Electricity Authority (PEA) totaling 36.3 MW
While the business expansion plan for long-term growth, the Company is preparing to bid for 4 more community waste power plants with the local government, namely TES PRI Power Plant in Prachinburi Province, TES CNT Power Plant in Chainat Province, and TES UBN Power Plant in Prachin Buri Province. Ubon Ratchathani and TES TCN Power Plant, Samut Sakhon Province, it is expected that if selected by the relevant local authorities to be a joint investor in the project in 2022, it will start commercial operation in 2026 and it is expected that the total installed capacity of The company in the next 4 years following all 4 projects have started operations. will increase the production capacity to 90 MW
“Aside from biomass power plants and community waste power plants We have a policy to expand investment to other types of renewable energy power plants with potential both domestically and internationally, such as solar energy, wind energy, hydropower and biogas. In order to achieve the long-term goal of increasing the installed capacity to more than 200 MW by 2032, as well as under study to expand additional businesses to businesses related to electricity generation. To create opportunities for sustainable business growth in the future by using the advantages of modern technology effective and environmentally friendly,” said Dr. Sakda.