Glow Energy Public Company Limited (Glow Energy), through its wholly-owned subsidiary Glow Company Limited (Glow), has today entered into a Share Sale and Purchase Agreement (SPA) with B. Grimm Power Service (Laem Chabang) Limited for the sale of all of the issued shares in Glow SPP1 (SPP1), for a total consideration of Baht 3.30 billion.
SPP 1 is a cogeneration plant located in the WHA Eastern Industrial Estate (Map Ta Phut, Rayong Province). The plant has a production capacity of 124 MW of power, 90 t/hr of steam, and 190 cu.m./hr of demineralized water. It has been operating under the Small Power Producer (SPP) scheme since 1998, and is eligible for the SPP Extension and Replacement program, which was approved by National Energy Policy Council (NEPC) on 24 January 2019.
About Glow Energy
Glow Energy is a member of the Glow Group who is a major energy player in Thailand. Glow Group combined installed capacity is 3,084 MW (Glow’s stake is 2,268 MW) of electricity and 1,116 tons per hour of steam.
Glow Group generates and supplies electricity to the Electricity Generating Authority of Thailand (EGAT) under Thailand's SPP (Small Power Producer) and IPP (Independent Power Producer) programs, as well as electricity, steam, industrial water and services to large industrial customers principally located in the Map Ta Phut area and nearby.
Global Power Synergy Public Company Limited (GPSC), the power flagship of PTT group, has been a major shareholder of Glow Energy since 14 March 2019.
For more information about the Glow Group please visit www.glow.co.th. For more information about GPSC please visit the company’s website at www.gpscgroup.com.
For further details, please contact:
Prapon Chinudomsub
Glow Energy Plc.
Tel. 02-670-1500-1
Email: prapon.c@glow.co.th
