Biomass Power Plant

Chang Raek Biopower Company Limited (“CRB” or “Core Company”)

capacity of 9.2 mw

Incorporated on 1 December 2008 to operate the biomass-fuelled electricity generation and distribution business with the installed capacity of 9.2 MW for sale, located at Tambon Napho, Amphoe Thung Song, Nakhon Si Thammarat. CRB signed the Power Purchase Agreement (PPA) for very small power producer with the Provincial Electricity Authority (“PEA”) on 18 November 2011 for a 5-year contract term effective on the Commercial Operation Date (“COD”). The PPA would be automatically renewable every 5 years up to the contract termination. Under the Agreement, the PEA agreed to purchase electricity from CRB with a maximum capacity of 9.2 MW. According to the consideration result of the PEA on power purchase on 12 July 2011, CRB was subsidized with an adder of THB 0.30 per KWh for 7 years upon the Commercial Operation Date (15 March 2013).

Biomass from rubber tree is a core fuel of CRB, and biomass from palm oil may be used as an alternative fuel. CRB has engaged VSPP, a major shareholder holding 16.87 percent of shares in CRB, to operate this biomass power plant, and to supply the adequate fuel for it. As of 31 March 2013, CRB had the registered capital of THB 200 million, comprising 20,000,000 ordinary shares with a par value of THB 10 per share. The paid-up capital of CRB was THB 200 million. TPCH, VSPP, and EnBW held shares in CRB for 73.1 percent, 16.88 percent, and 10.0 percent of the registered capital respectively.

Mahachai Green Power Company Limited (“MGP”)

capacity of 8.0 mw

Incorporated on 7 March 2011 to operate the biomass-fuelled electricity generation and distribution business with the installed capacity of 8.0 MW for sale, located at Tambon Chaimongkol, Amphoe Muang, Samut Sakhon. MGP signed the Power Purchase Agreement (PPA) for very small power producer with the Provincial Electricity Authority (“PEA”) on 26 March 2013 for a 5-year contract term effective on the Commercial Operation Date (“COD”). The PPA would be automatically renewable every 5 years up to the contract termination. Under the Agreement, the PEA agreed to purchase electricity from MPG with a maximum capacity of 8.0 MW. According to the consideration result of the PEA on power purchase on 9 July 2012, MPG was subsidized with an adder of THB 0.30 per KWh for 7 years upon the COD. MGP received the Permit for Factory Operation (Ror.Ngor.4) on 9 December 2013. At present, the power plant of MGP is under construction, and it is anticipated that the construction period approximately takes 18 months upon receiving the Notice to Proceed on 12 December 2013. It is anticipated that the COD will be within the fourth quarter of 2015, which is delayed from the Scheduled Commercial Operation Date (SCOD) as specified in the PPA. In November 2014, MGP submitted a request to the PEA for an extension of SCOD. The Management of MGP has confidence that the MGP project will be approved by the PEA for an extension of SCOD due to 4 aspects of preparedness considered by the PEA, e.g. land, technology, financial source, and applying for permission of licenses according to other related laws. Biomass from coconut tree is a core fuel of MPG, and biomass from wood chips and sawn dust from neighboring industrial plants may be used as alternative fuels. The MGP project is the first project in which TPCH decides to develop its personnel for the power plant operations instead of employing an external power producer. Currently, TPCH has engaged a team of engineers with experience in operating biomass and other renewable power plants to work for this project since the beginning of power plant construction so they have good understanding since the initial phase of project operation. The planned workforce involves 48 engineers, who will be gradually engaged when the construction is nearly completed. MGP has made the Fuel Purchase Agreement with Coco Biofuel Management Company Limited (“Coco FMC”), a related company, to supply the fuel for power generation.

As of 30 September 2014, MGP had the registered capital of THB 210 million, comprising 2,100,000 ordinary shares with a par value of THB 100 per share. The paid-up capital of MGP was THB 124.5 million. TPCH, EnBW, GPPG, and NC held shares in MPG for 46.0 percent, 46.0 percent, 5.0 percent, and 3.0 percent of the registered capital respectively.

On 26 January 2015, MGP had the registered capital of THB 210 million, comprising 2,100,000 ordinary shares with a par value of THB 100 per share. The paid-up capital of MGP was THB 207.435 million.

Thungsung Green Company Limited (“TSG”)

capacity of 9.2 mw

Incorporated on 11 November 2011 to operate the biomass-fuelled electricity generation and distribution business with the installed capacity of 9.2 MW for sale, located at Tambon Thung Sung, Amphoe Thung Yai, Nakhon Si Thammarat. TSG signed the Power Purchase Agreement (PPA) for very small power producer with the Provincial Electricity Authority (“PEA”) on 19 December 2012 for a 5-year contract term effective on the Commercial Operation Date (“COD”). The PPA would be automatically renewable every 5 years up to the contract termination. Under the Agreement, the PEA agreed to purchase electricity from TSG with a maximum capacity of 9.2 MW. According to the consideration result of the PEA on power purchase on 1 November 2012, TSG was subsidized with an adder of THB 0.30 per KWh for 7 years upon the Commercial Operation Date. TSG received the Permit for Factory Operation (Ror.Ngor.4) on 8 July 2014. At present, the biomass power plant of TSG is under construction, and it is anticipated that the construction approximately takes 16 months, and the COD will be the first quarter of 2016, which is delayed from the Scheduled Commercial Operation Date (SCOD) as specified in the PPA. In November 2014, TSG submitted a request to the PEA for an extension of SCOD. The Management of MGP has confidence that the TSG project will be approved by the PEA for an the extension of SCOD due to 4 aspects of preparedness as considered by the PEA, e.g. land, technology, financial source, and applying for permission of licenses according to other related laws. Biomass from rubber tree is a core fuel of TSG, and biomass from palm oil may be used as alternative fuel. TSG has made the Operation and Maintenance Agreement for the biomass power plant of TSG with VSPP (not a related company), and the scope of service includes the sufficient supplies of fuel for the biomass power plant.

As of 30 September 2014, TSG had the registered capital of THB 200 million, comprising 2,000,000 ordinary shares with a par value of THB 100 per share. The paid-up capital of TSG was THB 155 million. TPCH and EnBW held shares in TSG for 65.0 percent and 35.0 percent of the registered capital respectively. On 5 March 2015, the paid-up capital of TSG was THB 200 million to be used in construction, purchase of machines and operation.

Chang Raek Biopower Company Limited (“CRB” or “Core Company”)

capacity of 9.2 mw

Incorporated on 1 December 2008 to operate the biomass-fuelled electricity generation and distribution business with the installed capacity of 9.2 MW for sale, located at Tambon Napho, Amphoe Thung Song, Nakhon Si Thammarat. CRB signed the Power Purchase Agreement (PPA) for very small power producer with the Provincial Electricity Authority (“PEA”) on 18 November 2011 for a 5-year contract term effective on the Commercial Operation Date (“COD”). The PPA would be automatically renewable every 5 years up to the contract termination. Under the Agreement, the PEA agreed to purchase electricity from CRB with a maximum capacity of 9.2 MW. According to the consideration result of the PEA on power purchase on 12 July 2011, CRB was subsidized with an adder of THB 0.30 per KWh for 7 years upon the Commercial Operation Date (15 March 2013).

Biomass from rubber tree is a core fuel of CRB, and biomass from palm oil may be used as an alternative fuel. CRB has engaged VSPP, a major shareholder holding 16.87 percent of shares in CRB, to operate this biomass power plant, and to supply the adequate fuel for it. As of 31 March 2013, CRB had the registered capital of THB 200 million, comprising 20,000,000 ordinary shares with a par value of THB 10 per share. The paid-up capital of CRB was THB 200 million. TPCH, VSPP, and EnBW held shares in CRB for 73.1 percent, 16.88 percent, and 10.0 percent of the registered capital respectively.

Mahachai Green Power Company Limited (“MGP”)

capacity of 8.0 mw

Incorporated on 7 March 2011 to operate the biomass-fuelled electricity generation and distribution business with the installed capacity of 8.0 MW for sale, located at Tambon Chaimongkol, Amphoe Muang, Samut Sakhon. MGP signed the Power Purchase Agreement (PPA) for very small power producer with the Provincial Electricity Authority (“PEA”) on 26 March 2013 for a 5-year contract term effective on the Commercial Operation Date (“COD”). The PPA would be automatically renewable every 5 years up to the contract termination. Under the Agreement, the PEA agreed to purchase electricity from MPG with a maximum capacity of 8.0 MW. According to the consideration result of the PEA on power purchase on 9 July 2012, MPG was subsidized with an adder of THB 0.30 per KWh for 7 years upon the COD. MGP received the Permit for Factory Operation (Ror.Ngor.4) on 9 December 2013. At present, the power plant of MGP is under construction, and it is anticipated that the construction period approximately takes 18 months upon receiving the Notice to Proceed on 12 December 2013. It is anticipated that the COD will be within the fourth quarter of 2015, which is delayed from the Scheduled Commercial Operation Date (SCOD) as specified in the PPA. In November 2014, MGP submitted a request to the PEA for an extension of SCOD. The Management of MGP has confidence that the MGP project will be approved by the PEA for an extension of SCOD due to 4 aspects of preparedness considered by the PEA, e.g. land, technology, financial source, and applying for permission of licenses according to other related laws. Biomass from coconut tree is a core fuel of MPG, and biomass from wood chips and sawn dust from neighboring industrial plants may be used as alternative fuels. The MGP project is the first project in which TPCH decides to develop its personnel for the power plant operations instead of employing an external power producer. Currently, TPCH has engaged a team of engineers with experience in operating biomass and other renewable power plants to work for this project since the beginning of power plant construction so they have good understanding since the initial phase of project operation. The planned workforce involves 48 engineers, who will be gradually engaged when the construction is nearly completed. MGP has made the Fuel Purchase Agreement with Coco Biofuel Management Company Limited (“Coco FMC”), a related company, to supply the fuel for power generation.

As of 30 September 2014, MGP had the registered capital of THB 210 million, comprising 2,100,000 ordinary shares with a par value of THB 100 per share. The paid-up capital of MGP was THB 124.5 million. TPCH, EnBW, GPPG, and NC held shares in MPG for 46.0 percent, 46.0 percent, 5.0 percent, and 3.0 percent of the registered capital respectively.

On 26 January 2015, MGP had the registered capital of THB 210 million, comprising 2,100,000 ordinary shares with a par value of THB 100 per share. The paid-up capital of MGP was THB 207.435 million.

Thungsung Green Company Limited (“TSG”)

capacity of 9.2 mw

Incorporated on 11 November 2011 to operate the biomass-fuelled electricity generation and distribution business with the installed capacity of 9.2 MW for sale, located at Tambon Thung Sung, Amphoe Thung Yai, Nakhon Si Thammarat. TSG signed the Power Purchase Agreement (PPA) for very small power producer with the Provincial Electricity Authority (“PEA”) on 19 December 2012 for a 5-year contract term effective on the Commercial Operation Date (“COD”). The PPA would be automatically renewable every 5 years up to the contract termination. Under the Agreement, the PEA agreed to purchase electricity from TSG with a maximum capacity of 9.2 MW. According to the consideration result of the PEA on power purchase on 1 November 2012, TSG was subsidized with an adder of THB 0.30 per KWh for 7 years upon the Commercial Operation Date. TSG received the Permit for Factory Operation (Ror.Ngor.4) on 8 July 2014. At present, the biomass power plant of TSG is under construction, and it is anticipated that the construction approximately takes 16 months, and the COD will be the first quarter of 2016, which is delayed from the Scheduled Commercial Operation Date (SCOD) as specified in the PPA. In November 2014, TSG submitted a request to the PEA for an extension of SCOD. The Management of MGP has confidence that the TSG project will be approved by the PEA for an the extension of SCOD due to 4 aspects of preparedness as considered by the PEA, e.g. land, technology, financial source, and applying for permission of licenses according to other related laws. Biomass from rubber tree is a core fuel of TSG, and biomass from palm oil may be used as alternative fuel. TSG has made the Operation and Maintenance Agreement for the biomass power plant of TSG with VSPP (not a related company), and the scope of service includes the sufficient supplies of fuel for the biomass power plant.

As of 30 September 2014, TSG had the registered capital of THB 200 million, comprising 2,000,000 ordinary shares with a par value of THB 100 per share. The paid-up capital of TSG was THB 155 million. TPCH and EnBW held shares in TSG for 65.0 percent and 35.0 percent of the registered capital respectively. On 5 March 2015, the paid-up capital of TSG was THB 200 million to be used in construction, purchase of machines and operation.

Maewong Energy Company Limited (“MWE”)

capacity of 8.0 mw

Incorporated on 3 December 2007 to operate the biomass-fuelled electricity generation and distribution business with the installed capacity of 8.0 MW for sale, located at Tambon Wang San, Amphoe Mae Wong, Nakhon Sawan. MWE signed the Power Purchase Agreement (PPA) for very small power producer with the Provincial Electricity Authority (“PEA”) on 7 July 2008 for a 5-year contract term effective on the Commercial Operation Date (“COD”). The PPA would be automatically renewable every 5 years up to the contract termination. Under the Agreement, the PEA agreed to purchase electricity from MWE with a maximum capacity of 8.0 MW, and required that MWE sell electricity to the PEA within 1 December 2010. However, the construction of MWE power plant has not yet begun so the PPA had to be terminated. MWE received the Permit for Factory Operation (Ror.Ngor.4) on 13 January 2009. On 28 October 2013, MWE re-submitted the application for electricity distribution and connection system to the PEA. At present, MWE waits for the consideration result on power purchase from the PEA as well as the Notice to the power plant operator to enter into the PPA with it.

Biomass from rice husk and woodchip is a core fuel of MWE, and biomass from cassava may be used as alternative fuel. On 10 July 2014, MWE has made the Operation and Maintenance Agreement for the operations of MWE biomass power plant with Green Power Plant Company Limited (“GPP”), a related company, and the scope of service includes the sufficient supplies of fuel for the biomass power plant.

As of 30 September 2014, MWE had the registered capital of THB 200 million, comprising 2,000,000 ordinary shares with a par value of THB 100 per share. The paid-up capital of MWE is THB 161 million. TPCH, GPP, and Ch. Prommaruk Limited Partnership held shares in MWE for 85.0 percent, 10.00 percent, and 5.0 percent of the registered capital respectively. On 22 January 2015, the paid-up capital of MWE was THB 194.150 million.

Bangsapan-noi Biomass Company Limited (“BBRP”)

capacity of 8.0 mw

Incorporated on 18 December 2008 to operate the biomass-fuelled electricity generation and distribution business with the installed capacity of 8.0 MW for sale, located at Tambon Pak Praek, Amphoe Bang Saphan Noi, Prachuap Khiri Khan. BBRP signed the Power Purchase Agreement (PPA) for very small power producer with the Provincial Electricity Authority (“PEA”) on 9 December 2009 for a 5-year contract term effective on the Commercial Operation Date (“COD”). The PPA would be automatically renewable every 5 years up to the contract termination. Under the Agreement, the PEA agreed to purchase electricity from BBRP with a maximum capacity of 8.0 MW. According to the consideration result of the PEA on power purchase on 10 June 2009, BBRP was subsidized with an adder of THB 0.30 per KWh for 7 years upon the Commercial Operation Date.

However, on 31 July 2014, in the Extraordinary Meeting of Shareholders of BBRP, No. 2/2014, the shareholders passed a resolution on BBRP’s business disruption, and on studying the guideline, steps and impacts of business winding-up before making decision on closing down it in the future. On 22 August 2014, the Extraordinary Meeting of Shareholders of BBRP, No. 3/2014 approved the capital decrease of BBRP by cancelling three-fourths of shares from 1,000,000 shares to 250,000 shares with a par value of THB 10 per share. The reduction amount was proportionate to the number of shares held by each shareholder. On 13 February 2015, the Meeting of the Board of Directors of BBRP, No. 1/2015 passed the resolution on the winding-up of BBRP, which would be further proposed to the Meeting of Shareholders for approval.

Pattalung Green Power Company Limited ("PGP")

capacity of 9.2 mw

Incorporated on 31 October 2013 to operate the biomass-fuelled electricity generation and distribution business with the installed capacity of 9.2 MW for sale, located at Tambon Pa Bon, Amphoe Pak Phayun, Phatthalung.

PGP submitted an application for electricity distribution and connection system to the PEA on 13 November 2013. On 25 October 2014, PGP had the registered capital of THB 60 million, comprising 6,000,000 ordinary shares with a par value of THB 10 per share. The fully paid-up capital of PGP was THB 60 million. On 26 December 2014, PGP had the registered capital of THB 250 million and the paid-up capital of THB 107.5 million. TPCH and WWE held 80.00 percent and 20.00 percent of registered capital in PGP respectively. Currently, TPCH is negotiating with a potential equity partner, which may result in less proportion of shares held by TPCH in PGP. However, TPCH has a policy to retain its shareholding for not less than 50.00 percent. On 2 February 2015, PGP submitted an application to cancel the power purchase in the Adder system before submitting an application to the Office of the Energy Regulatory Commission for Feed in Tariff (FIT), a new system of power purchase on 10 February 2015.

 

 

 

 

Satun Green Power Company Limited ("SGP")

capacity of 9.2 mw

Incorporated on 25 March 2014 to operate the biomass-fuelled electricity generation and distribution business with the installed capacity of 9.2 MW for sale, located at Tambon Khuan Kalong, Amphoe Khuan Kalong, Satun.

PGP submitted an application for electricity distribution and connection system to the PEA on 15 May 2014. As of 28 October 2014, SGP had the registered capital of THB 250 million, comprising 25,000,000 ordinary shares with a par value of THB 10 per share. The fully paid-up capital of PGP was THB 77.5 million. TPCH, WWE and GPP held 51.00 percent, 40.00 percent, and 9.00 percent of registered capital in SGP respectively. On 2 February 2015, SGP submitted an application to cancel the power purchase in the Adder system before submitting an application to the Office of the Energy Regulatory Commission for Feed in Tariff (FIT), a new system of power purchase on 10 February 2015.

 

 

 

Pattani Green Power Company Limited ("PTG")

capacity of 42.0 mw

Incorporated on 23 August 2013 to operate the biomass-fuelled electricity generation and distribution business with the net capacity of 42.0 MW for sale, located at Tambon Lipa Sa-ngo, Amphoe Nong Chik, Pattani. PTG was subsidized with an adder of THB 1.30 per KWh, which is higher than the adder paid to other biomass power plants of TPCH because the power plant location is in the area of 3 southern border provinces where the power plants are granted for another THB 1.0 KWh.

On 30 September 2014, PTG had the registered capital of THB 10 million, comprising 1,000,000 ordinary shares with a par value of THB 10 per share. The fully paid-up capital of PGP was THB 10 million. TPCH, Naraphara Company Limited, and Green Power Plant Company Limited held 65.00 percent, 25.00 percent, and 10.00 percent of registered capital in PTG respectively.

On 29 August 2014, PTG submitted an application on electricity distribution and connection system to the Electricity Generating Authority of Thailand (“EGAT”) to sell electricity by the first power plant of PTG with a maximum capacity of 21 MW. PTG is now preparing to submit an application on electricity distribution and connection system to EGAT for an addition sale of 21 MW by the second power plant of PTG. Both power plants are located in the same area. At present, PTG has conducted the Environmental Impact Assessment or “EIA”, and prepared the summary report on the first public hearing already. On 26 November 2014, PTG prepared the summary report on the second public hearing to be used in the EIA.