Prime Esco subsidiary Road Power secures private PPAs in Thailand

Prime Esco Company Limited, a subsidiary of SET-listed Prime Road Power Public Company Limited (PRIME), has inked significant agreements to bolster its renewable energy portfolio.

The company signed a 12-year Private Power Purchase Agreement (PPA) for two projects, totalling 0.82 MW, with S. Khonkaen Company Limited. Additionally, PRIME Esco secured a 15-year PPA for a 0.5094 MW project with Piya Parawood Company Limited.

These ventures, set to achieve commercial operation by January 2024, are poised to contribute approximately THB 4.90 million in annual revenue for PRIME. The agreements mark a strategic move towards sustainable energy practices and further solidify PRIME’s commitment to renewable projects.

Moreover, PRIME’s subsidiaries are actively engaged in negotiations for additional Private PPA projects, with an anticipated cumulative capacity of around 15.00 MW, expecting to reach the Letter of Award stage in the first quarter of 2024. These developments underscore PRIME’s dedication to expanding its renewable energy footprint and contributing to Thailand’s clean energy landscape.