BGRIM acquires a 45% stake in UV’s Univentures BGP to expand its business opportunities in developing and managing energy-related projects. And cover a wide range of power, targeting 400-500 megawatts in 3 years
Mr. Harald Link, B.Grimm Chairman and Chief Executive Officer of B.Grimm Power Public Company Limited (BGRIM) revealed that the company has acquired 2.25 shares of Univentures BGP Company Limited (UVBGP). Million shares, par 10 baht per share, totaling 22.5 million baht, resulting in BGRIM holding a 45% stake in Univentures BGP Co., Ltd., a subsidiary of Univentures Public Company Limited (UV) to invest, develop, manage and operate related energy projects or support real estate development businesses. And cover various forms of energy such as rooftop solar power plants. Solar cell power generation project installed on a floating buoy Combined cycle power plant Hybrid power plant Biomass Power Plant, Energy Solution Service and Smart Grid Project With a target to produce 400-500 megawatts of electricity within a period of 3 years
The business alliance with UV, a real estate investment and development operator, offers a wide range of products and services. It will help expand the company’s business opportunities to invest, develop, manage and operate projects in related energy or support real estate development business through UVBGP in conjunction with UV.
Mr. Kampol Punsoni, President of Univentures Public Company Limited (UV), said in a significant synergies with BGRIM, which is the largest private power producer in South East Asia. This will develop the expertise of both business groups for sustainable growth in the future.
“This synergy is an opportunity to invest in a new business that has potential. Follow UV’s goal to create a balanced investment portfolio for future sustainable growth. At the same time, it is also consistent with the strategic plan for Diversification and Opportunistic Investment is the development of real estate business where UV has expertise in real estate for sale, office building for rent. And other real estate projects, ”said Kampol.
B.Grimm currently has 48 power plants in operation with a total capacity of 3,058 megawatts, with a team of expertise in both domestic and international management. And abroad The company aims to expand its power generation capacity to meet the 7,200 MW target in 2025.
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