B.Grimm Power Public Company Limited or BGRIM referred to the letter of B.Grimm Power Public Company Limited (“B.Grimm Power”) dated 27 May 2020 to inform that the Company B.Grimm LNG Co., Ltd. (a subsidiary in which B.Grimm Power owns 100%) has been licensed. To engage in the business of procuring and wholesale of natural gas (“LNG Shipper”) from the Energy Regulatory Commission (“ERC”) amounting to 650,000 tons per year for distribution to the combined cycle power plant project to replace the power plant that will The contract expires for 5 projects of the B.Grimm Power Group in 2022.
Most recently, on June 28, 2021, B.Grimm LNG Company Limited received approval from the ERC to increase the amount of liquefied natural gas (“LNG”) imports by not more than 550,000 tons per year and approved. To add to the list of customers for additional distribution to 13 power plant projects that are in operation of B.Grimm Power Group.
As a result, B.Grimm Power Group’s annual LNG import volume has increased to 1,200,000 tons per year, which is considered one of the largest private LNG importers to sell LNG to industrial power projects. “SPP”) and will also benefit in the management of natural gas fuel costs, which account for 65-70% of the cost of sales and services of B.Grimm Power.