The Company is a power plant operator in Thailand which owns the largest municipal solid waste power plant in the country (according to the information of AWR Lloyd), located in Saraburi Province. It has a total installed capacity of 440 megawatts and is the largest producer of electricity and energy from solid waste disposal in the ASEAN region. Its main business involves disposing of community solid waste to be used as solid waste fuel, and it is a producer of electricity for sale to the Electricity Generating Authority of Thailand (“EGAT”) and TPI Polene Public Company Limited.
Currently, the Company operates three types of power plants, including municipal solid waste power plants, waste heat power plants, and coal-fired power plants. The Company is in the process of transitioning from coal fuel to alternative fuels derived from community solid waste and other renewable sources. It is anticipated that the use of coal will be phased out by 2025.
As of December 31, 2023, a total of 8 power plants operated by the Company are open for commercial operation, with a combined installed capacity of 440 megawatts. This capacity is divided into 40 megawatts generated from waste heat energy produced during the cement production process, 250 megawatts from municipal solid waste fuel, and 150 megawatts from additional coal and alternative fuel power plants. The Company is currently in the process of converting these power plants to alternative fuels, including municipal solid waste and other renewable sources, with the aim of completely replacing all coal fuel by 2025.