The share price of B.Grimm Power Public Company Limited (SET: BGRIM) extended gains by another percent to THB21.20 per share at the closing of the morning session following the announcement of its success in importing LNG cargo to supply its own SPPs.
BGRIM also settled 1% higher on Monday despite being an ex-dividend date for an interim dividend of THB0.18 per share.
B.Grimm Power has marked a new milestone after being Thailand’s first private LNG shipper to successfully import its LNG cargo for sale to small power producers (SPPs) with an initial focus on supplying gas to 19 power plants within the group.
For this first shipment, B.Grimm LNG Limited, which is a subsidiary of BGRIM, purchased LNG from Sumitomo Corporation (Japan). The LNG cargo of approximately 65,000 tons was delivered, stored, and regasified at the Map Ta Phut LNG Terminal 1 (LMPT1) which is owned and operated by PTT LNG Company Limited (PTTLNG).
Dr. Harald Link, President of B.Grimm Power Public Company Limited, stated that BGRIM is poised to expand its gas customer base, targeting both BGRIM’s power plants and other industrial customers. In the long run, this will help reduce energy costs, benefiting the overall Thai economy.
BGRIM is actively expanding its renewable energy portfolio. The company has set an ambitious target of increasing its renewable energy generation to over 50% by 2030, up from the current 25%. This demonstrates BGRIM’s unwavering commitment to providing clean and affordable energy to communities and industries across Thailand.
With a long-term vision of becoming a global energy leader, BGRIM is determined to achieve net-zero carbon emissions by 2050.
