Thailand’s B.Grimm Power, a unit of B.Grimm, has signed a memorandum of understanding with Austrian-based Innio to collaborate on building new LNG power plant projects in Thailand.
Olaf Berlien, president and CEO of Innio, and Harald Link, chairman of the board of B.Grimm signed the deal on August 4 in Bangkok, according to a statement by Innio.
The memorandum lays out the framework for a collaboration of the two companies to build projects in the period 2022 to 2024 within the LNG and natural gas segment.
Within the MoU, the two firms will explore the development of “decentralized and highly efficient” power plants with Innio’s Jenbacher engines.
Also, the two companies would focus on jointly developing the LNG and natural gas segment in Thailand with the possibility of future projects, Innio said.
B.Grimm Power currently delivers more than 2.8 GW of power to Thailand.
“As Thailand has increased its climate change commitments, we are now aiming to reduce carbon emissions with the support of companies that can provide proven expertise in highly efficient green technology, such as Innio,” Link said in the statement.
“As Thailand’s electrical energy demand continues to grow, it will require power generation technologies that run not only on natural gas, but also on future fuels such as hydrogen and deliver sustainable grid support as well for the higher share of fluctuating renewable power like sun and wind in our portfolio,” he said.
Earlier this year, a unit of B.Grimm Power signed a deal with a unit of state-owned oil and gas firm PTT to use that latter’s Map Ta Phut 1 LNG import terminal in Rayong province.
Under the deal, PTT’s 11.5 mtpa Map Ta Phut facility will process 500,000 tonnes of LNG per year for B.Grimm LNG for a period of seven years starting in 2023.
With this deal, B.Grimm Power, a unit of B.Grimm, will become the first private firm to import LNG into Thailand.
