ASEAN Distributed Power Project (ADB-50410-001)

Countries
  • Thailand
Where the impacts of the investment may be experienced.
Specific Location
Cambodia, Indonesia, Lao People’s Democratic Republic, Myanmar, the Philippines, and Viet Nam.
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • Asian Development Bank (ADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
May 17, 2017
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
B.Grimm Power Public Company Limited
The holder of the loan, grant, or other investment.
Sectors
  • Construction
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Equity, Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 95.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 20.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 95.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ ADB website

Updated in EWS Jan 31, 2019


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Project Description

According to the project document, the expected outcome will be the sustained operation of private sector renewable power projects in the ASEAN region. The project will impact regional progress ensured in increasing substantially the share of renewable energy in the global energy mixby 2030; and (ii) the energy mix diversified through the addition of alternative energy capacity and more electricity consumption from renewable sources.

B.Grimm currently operates 12 distributed gas-fired cogeneration plants and 15 solar power plants. B.Grimm has partnered with an experienced solar power plant developer in Thailand for development of these solar power projects.
 
Investment Description
  • Asian Development Bank (ADB)

Canadian Climate Fund for the Private Sector US$ 20.00 million

Ordinary capital resources                            US$ 75.00 million

Private Actors

B.Grimm Power Public Company Limited operates as a renewable energy company. The Company focuses on the development, financing, construction, and operation of green field power plants. B.Grimm Power also renders electricity distribution, operations, and maintenance services. The company sells electricity to the Electricity Generating Authority of Thailand (EGAT), the Provincial Electricity Authority (PEA) and industrial users. Electricity generated by its gas-fired cogeneration plants is sold to EGAT under the SPP program. It sells electricity generated by its solar power plants to the PEA under the Very Small Power Producer (VSPP) program. B.Grimm is a part of B.Grimm Group, Thailand’s oldest infrastructure and industrial group in operation, which was founded in 1878.

 

Contact Information

Project Officer

Hong, Won Myong

*There is no other contact information available of the project*

ACCOUNTABILITY MECHANISM OF ADB

The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main