Earth Tech Environment Public Company Limited (ETC) won the auction for 10 industrial waste power plant projects with a total capacity of 99 MW, ready to sell electricity to commercial operation (COD) in 2025 etc. Go Confident in Strong Business Potential There is a high amount of waste fuel to support the generation of electricity. Expected to drive strong performance growth in line with the Company’s strategic plan
Mr. Ekarin Luengwiriya, Chief Executive Officer and Managing Director of Earth Tech Environment Public Company Limited (ETC), revealed that ETC affiliates have won the bid for renewable energy power purchase projects in the form of Feed-in. Tariff (FiT) 2022 – 2030 for industrial waste fuels (2026) 2022 officially A total of 10 selected projects sell electricity to the Provincial Electricity Authority in the amount of 80 megawatts at a rate of FiT 6.08 baht/unit and a special FiT rate of 0.70 baht per unit for the first 8-year industrial waste projects for a period of 20 years.
“The company is ready to operate in all aspects. Both fuel security, finance and technology. because the company It is a subsidiary of Better World Green Public Company Limited, Thailand’s No. 1 industrial waste manager. Mr. Ekarin said
and stating that winning this auction will allow ETC to increase the amount of electricity sold to 96.5 MW, an increase of almost 500% from the current ETC has 3 industrial waste power plants and has a contract to sell electricity of 16.5 MW by winning the bid This will enable ETC to remain the leader among industrial waste-to-fuel power plants with the highest capacity.
In addition, this project is a project that yields a high rate of return on investment. Because there is a high electricity sales rate of 6.08 baht/unit and there is also a special FiT rate of 0.70 baht per unit for the first 8-year industrial waste project per unit, which is the highest electricity sales rate. This will help ETC achieve very high performance in the near future.
However, there is a schedule to sign a power purchase agreement (PPA) within 180 days from the date the selected candidates acknowledge. and agree to the conditions of signing the power purchase agreement The commercial operation date (COD) is scheduled within 2026 and the Company expects to be the power plant construction (EPC) and power plant operator (O&M) all by itself.
Mr. Ekarin said that from the success of winning the bidding for the said power plant project. according to the company’s strategic plan Which will focus on expanding investment in the industrial waste power plant business to create stable growth by using the potential in terms of readiness and experience in the implementation There are also affiliated companies with high potential. Supports increasing efficiency in power generation It also receives investment support from leading financial institutions in the country. for the construction of future projects that will occur
For Earth Tech Environment Public Company Limited (ETC), is a leader in integrated waste-to-energy power plants, namely, there are 3 industrial waste-to-energy power plants in Saraburi Province. Phra Nakhon Si Ayutthaya Province and Phichit Province The total production capacity is 20.4 megawatts, and there is a power purchase agreement of 16.5 megawatts with the Provincial Electricity Authority for a period of 20 years.
ETC is a company in the Better World Green Group (BWG), which is the country’s largest industrial waste management group. And there is a waste briquette factory for industrial waste fuel (SRF), which is a supporting factor that makes ETC have fuel security. as well as quality advantages and fuel costs. The company is also open to partners who will join in the operation of industrial waste supply. to continue sustainable growth
By InfoQuest News Agency (06 Apr. ’23)
Tags: ETC, Thai stocks, Ekarin Luangviriya, Earth Tech Environment, Waste-to-energy power plant
