31 Jan 2020
B.Grimm Group - Thailand was honored by International Finance Magazine (IFM) as "The best developer of power plant projects in Vietnam" in 2019. This is the only award from Vietnam awarded. from before to now. The award ceremony took place on January 31, 2020 in Thailand.
IFM is a magazine specializing in finance and banking, headquartered in London - UK, the award chosen by IFM is a prestigious award in the business world, the candidate companies are in the top in areas such as banking, investment, insurance, foreign exchange, asset management ...
B.Grimm Group with a total investment of 80% capital for the Hoa Hoi Solar Power Plant project with a capacity of 257MWp, invested by Phu Yen TTP Joint Stock Company, the project officially went into commercial operation on June 10th, 2019, annually generating about 367.64 million Kwh on the national grid, contributing over 80 billion VND in tax to the local budget. The project has been highly appreciated by IFM experts on capital investment efficiency, human resources, and confirmed that in Vietnam this is the largest independent development project, reaching a record of rapid construction most with only 180 construction days.
(Photo: Board of Directors received awards at awards ceremony.)
At the IFM awards interview, Mr. Nguyen Anh Tuan - CEO of Phu Yen TTP Joint Stock Company, on behalf of B.Grimm Group and Phu Yen TTP Company, spoke about the upcoming prospects of B.Grimm Power for Renewable energy sector (RE) in the next decade: “Setting out a portfolio development strategy up to 10,000MW, B.Grimm has been making efforts to plan and build a portfolio in the region. Southeast Asia is expected to grow to 25,000MW in the next five years, with growth and GDP growth of nearly 5%, of which Vietnam has the highest growth rate of 6.5% -7%. Based on the capacity to commercially operate 677MWp of solar power with only under 12 months of construction in Vietnam, B.Grimm Group has been facilitated by the Government of Vietnam to develop large RE projects. In the future, for example, B.Grimm has successfully signed a memorandum of understanding with the Vietnam Oil and Gas Group to jointly develop the 3,000MW LNG gas power plant project. Strategic goal in the next 2 years, by 2022 B.Grimm will achieve a portfolio of electricity up to 5,000MW”.
(Photo: Mr. Nguyen Anh Tuan, CEO of Phu Yen TTP Joint Stock Company at the awards ceremony)
Hoa Hoi Solar Power Plant Project is the only solar power project in Vietnam to receive the prestigious international award from International Finance Magazine out of 96 projects with commercial operation before 30 / In June 2019, B.Grimm Power Group and Phu Yen TTP Joint Stock Company once again proved their capabilities in the field of project investment and development, highly appreciated in the international market./.