Message from Chairman

Instilled with pioneering spirit, B.Grimm has been at the forefront of Thailand’s health, infrastructure and industrial development for over 140 years. The first producer of modern medicine in 1878 B.Grimm soon developed with the Snidwongse family Southeast Asia’s largest irrigation system, 1,500 kilometers of wide canals, to make central Thailand the rice chamber of the region. Later this was followed by telegraph concessions, pioneering telecommunication systems, power plants and B.Grimm branded imports of a great variety of goods and more recently building the airport rail link.

B.Grimm’s Philosophy has always been to do business with compassion for the development of civilization in harmony with nature. Community work, educational and environmental engagement as well as support for culture, sport and all religions has always been an integral part of B.Grimm’s activities since 1878.

Over 20 years ago when the electricity sector opened for private investments B.Grimm partnered with Amata Corporation in their industrial estates to establish industrial power plants helping to bring them into Thailand massive private foreign industrial investments looking for stable, reliable electricity and steam.

B.Grimm Power’s initial vision was to become a world class energy company. We built all our industrial and solar power plants in time, below budget, with higher output and higher efficiencies than contracted for. We are also operating them with the same availability and efficiencies as the best in the world and even just celebrated a world record in overhaul time of the Siemens turbine.

So having had achieved our first vision with our core values of positivity, professionalism, partnership and pioneering spirit we are now following our B.Grimm Power’s new vision “Empowering the World Compassionately”.

Following this vision we have established strong partnerships in Thailand, Laos, Cambodia, Vietnam, South Korea, Malaysia and the Philippines. Our capacity from plants under operation and development has reached 3,245 megawatts.

Renewable power by the end of 2019 in line with our climate and sustainable development goals will reach 30% of that, based on committed pipeline.

Outside of Thailand we will then have 25% of our installed capacity, based on committed pipeline.

One financial first achieved in 2018 was to issue Thailand‘s first real sector green bond wholly bought by the Asian Development Bank.

On behalf of our board of directors, management and entire staff we wish to extend our heartfelt gratitude to all our stakeholders and on the occasion of our annual general meeting especially to all our shareholders.

With kind regards,

Harald Link