The Industrial Estate Authority of Thailand (IEAT) collaborates with four major energy companies to explore the feasibility of co-investing in collaborative ventures and establishing an affiliated utility management company under the IEAT. The primary objective is to deliver energy management services, while integrating a smart utility system into the Smart Park Industrial Estate, all in alignment with the criteria for achieving the status of a smart industrial estate.

Following the signing of a memorandum of cooperation to explore the feasibility of jointly investing in intelligent utility initiatives within the Smart Park Industrial Estate, Mr. Weris Amrapal, Governor of the Industrial Estate Authority of Thailand (IEAT), shared insights. The collaborative effort includes four prominent companies: B.Grimm Power Public Company Limited, Global Power Synergy Public Company Limited, Earth Electric Supply Company Limited, and Triple P Technology Company Limited.

IEAT recognizes that all four of these companies possess expertise in innovation and sustainability within the energy and electricity sectors. They are committed to establishing energy and public utility security to facilitate the growth of the domestic industry and ensure the sustainable development of the country. This collaboration aims to foster integration among the five organizations involved in this cooperative effort across various aspects. These include: 1) Green Energy and Reliable Energy Systems, 2) Smart Data and Communication System, 3) Smart Energy and Microgrid Network, 4) Retail Mixed-Use Community, 5) Smart Energy Factory, 6) Integrated Operation Center, and the exploration of guidelines for establishing a utility management company, in the form of a joint venture or affiliated company under IEAT.

Under this cooperation, the entity referred to as "UMC" will assume responsibility for the management and provision of energy services, as well as the implementation of the smart utility system within the Smart Park Industrial Estate. Additionally, it will serve as a facilitator of coordination between land lessors and tenants within the Smart Park Industrial Estate, offering a one-stop service approach.

The signing of this Memorandum of Cooperation marks a significant initial step in consolidating our collaborative efforts to explore the feasibility and co-investment opportunities in smart utility projects within the Smart Park Industrial Estate. These initiatives are designed to meet the criteria for becoming a smart industrial estate, facilitating the growth of future industries such as the New S-Curve, encompassing robotics, aviation and logistics, biofuels and biochemicals, digital, and medical hub industries. Additionally, it aims to bolster the potential of existing industries within the First S-Curve, aligning with IEAT's mission to foster the development of industrial estates, oversee, and provide vital public utility systems and facilities necessary for industrial operations. He also emphasized that IEAT places recognition and emphasis on the advancement of smart utility systems.

“This commitment underscores the significance of actively developing intelligent utility systems to support emerging New S-Curve industries that are reliant on state-of-the-art technology. This initiative is aligned with the goal of elevating the status of a modern, environmentally conscious industrial city within the Eastern Special Development Zone (EEC), while working towards a low-carbon society. It also aligns with the government's BCG Economy concept and is in accordance with the Ministry of Industry's MIND policy." stated Mr. Weris.

Dr. Harald Link, President of B.Grimm Power Public Company Limited (BGRIM), expressed great satisfaction with this significant collaboration involving IEAT and three other partner organizations. He highlighted that this synergy aims to amplify the potential for introducing advanced technology and contributing to the development of the New S-Curve industries. Moreover, this collaboration aims to fortify the position of a modern eco-industrial city while promoting the utilization of clean energy within the Smart Park Industrial Estate. This includes developments like the establishment of a smart network (Smart Energy and Microgrid Network) and an industrial energy management system (Smart Energy Factory), which support a wide range of energy sources, including natural gas and renewable options like Solar Roof, Solar Farm, Solar Floating, Energy Storage, and energy-efficient REC-certified buildings. It's a significant step toward advancing Thailand's transition to a low-carbon society in the future, all while maintaining a commitment to ongoing environmental conservation. These efforts resonate with B.Grimm Power's longstanding commitment to supplying power to the global community, guided by a tradition of generosity maintained by B.Grimm Company for over 145 years.

Worawat Pittayasiri, CEO and President of Global Power Synergy Public Company Limited (GPSC), an innovative power flagship of PTT Group, emphasizes GPSC's extensive experience in managing a wide range of power plants, including those powered by conventional sources like the Map Ta Phut facility in Rayong Province, known for its robust electricity infrastructure and operational flexibility, as well as renewable energy sources such as water energy, solar power, and RDF fuel, both at home and abroad, GPSC boasts a proven track record in pioneering electric power innovations. These include cutting-edge advancements in energy storage technology and the efficient management of microgrids. GPSC stands ready to craft forward-thinking solutions by harnessing technology and an efficient digital operating system to create modern network services. These solutions are customized to meet the specific requirements of entrepreneurs within the Smart Park Industrial Estate, providing them with a competitive edge while harmonizing with the evolving global energy landscape. Our initiatives align seamlessly with the objectives of the Eastern Economic Corridor Development Project (EEC) and underscore our unwavering commitment to sustainability, as we work towards realizing a Net Zero Emissions society.

Mr. Jirasak Phukanthasom, the authorized director of Earth Electric Supply Company Limited said the company is delighted and honored on this occasion to contribute its available potential and resources for further development in support of the future industry, which will continue to meet the standards of a smart industrial estate as envisioned by IEAT.

Mr. Suriya Rattakorn, the authorized director of Triple P Technology Company Limited, emphasized that the preparation of energy services and utility systems, focusing on modern technology innovation, sustainability, and environmental friendliness, is a top priority for IEAT in the development of smart industrial estates that cater to investors' needs. Triple P Technology Company Limited is well-prepared and possesses the expertise and practical experience necessary to actively contribute to achieving these goals.

In this cooperation framework, IEAT will provide vital information to support the study and enhance the operational aspects of this memorandum of cooperation. It will actively foster collaboration among relevant government and private agencies, as well as all signatories involved.

Simultaneously, all four companies will actively support and assess the feasibility of delivering services within the Smart Park Industrial Estate. They will collaborate by providing essential information to IEAT and relevant working committees. This collaboration will extend to the examination of procurement, investment, and service delivery model guidelines, encompassing technical, financial, and legal aspects, all aligned with the project development phases outlined in the Smart Park Industrial Estate Development Plan (Smart Park). Additionally, these companies will contribute valuable insights and recommendations to IEAT regarding the establishment of the UMC.

This memorandum of cooperation is valid for a duration of two years from the date of signing.

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