On 22 June 2022, Mr Somprasong Panjalak, Chief Executive Officer of Prime Road Power Public Company Limited (PRIME) signed a shareholders’ agreement with the Industrial Estate Authority of Thailand (IEAT) by Assoc. Prof. Dr. Veeris Ammarapala, the Governor. This agreement is aimed at implementing their joint investment in “Prime Industrial Energy Company Limited (PIE)”. The signing ceremony was held at the Industrial Estate Authority of Thailand, head office.
PIE has been established to engage in the business relating to renewable energy and energy efficiency improvement, such as installing solar panels, replacing and improving equipment or machineries in the factories to increase energy efficiency, installing energy management system (EMS) in order to achieve energy efficiency. This way, PIE can help factories in the industrial estates to attain the goal of IEAT in becoming Green Industrial Estate. IEAT is promoting eco-friendly manufacturing in order to reduce greenhouse gas emissions in its industrial estates by 2.5 million kilograms of carbon dioxide equivalent (kgCO2e) between 2021 and 2025, or around 500,000 kgCO2e per year (equivalent to planting forests of more than 400 rai per year). There are currently more than 5,000 factories in IEAT’s industrial estates.
PRIME is one of the leading energy companies in developing solar power plant projects in Thailand. The management team and staff have knowledge and competence in renewable energy, engineering, environment management. Currently, PRIME is operating power plants with production capacity of 145 MW, meanwhile we have plans to develop several other projects in various countries such as Japan, Cambodia, Taiwan, and etc. in a total of approximately 400 MW.
PRIME has used high-technology tool of Internet of Things (IoT) to manage energy efficiency in buildings and factories. In the future, PRIME plans to invest in other countries in Asia as it wishes to be a part for reducing greenhouse gases, reducing climate change, reducing global warming, and creating a better environment.