Message from Chairman

B.Grimm has a long history and we have been a part of Thai society for over 141 years, since 1878 when Bernhard Grimm and Erwin Mueller opened the first producer of European modern medicines as a German pharmacy in Thailand saving a great number of lives. B.Grimm than was awarded the “Dra Arm” of King Rama V as a purveyor to the Royal Court. The company soon ventured into other industries, and collaborated with the Snidvongse family to build Southeast Asia’s largest infrastructure project at the time, the 1,500 km Rangsit canals, followed by the operation of the first telegraph concession in the country. Over the years, B.Grimm has helped to develop Thailand’s infrastructure, such as telecommunication systems, the Airport Rail Link, and power plants, as well as importing high quality scientific and industrial equipment from many different countries.

B.Grimm Power was established 24 years ago and has since become one of the largest private power producers in Thailand. From the company’s first power project, a co-generation combined cycle plant in Amata Nakorn industrial estate, B.Grimm Power now develops and operates both conventional and renewable power plants in Thailand as well as Laos, Cambodia, Vietnam, South Korea and the Philippines to support the ever growing demand.

In 2019, B.Grimm Power under challenging conditions successfully developed 2 large-scale solar power plants in Vietnam, with a total capacity of 677 MW, one of which is the largest solar power plant in Southeast Asia with a capacity of 420 MW. This is an important achievement for B.Grimm Power and a demonstration of the company’s capabilities as a leader in the renewable energy sector. Furthermore, the consortium of B.Grimm Power and Energy China was selected by the Electricity Generating Authority of Thailand to develop the world’s largest floating solar project, with an installed capacity of 45 MW, at Sirindhorn Dam.

B.Grimm Power aims to reach the target capacity of 5,000 MW under development and operation by the year 2022, consisting of 70% combined cycle plants and 30% renewable energy plants, by continuing to invest in projects both domestically and abroad. At the end of 2019, the company has 46 power plants in commercial operation with a total capacity of 2,896 MW, comprising of 70% combined cycle plants and 30% renewable energy plants, an increase in capacity of 820 MW, or 40%, from the previous year. The total electricity generation was 13,082 GWh - a growth of 19% from 2018. This is a reflection of the company’s determination to continue to expand our business and we are confident of achieving our goals.

B.Grimm Power’s vision is to “Empowering the World Compassionately” and we are determined to grow our business in a sustainable way, with strict social and environmental responsibilities, good governance and professionalism, ready to adapt our business to the ever-changing world, committed to supporting and promoting the United Nations’ Sustainable Development Goals.

Under the philosophy of “Doing Business with Compassion for the Development of Civilisation in Harmony with Nature” and corporate culture of “Positivity, Professionalism, Partnership and Pioneering Spirit”, everybody at B.Grimm Power is dedicated to working together as a team towards a common goal. This is the key factor behind the company’s continuing success, and today B.Grimm Power is widely recognised as a leading power company with a robust and sustainable growth.

On behalf of the Board of Directors, the management and all staff members, I would like to extend my sincere appreciation for your continued trust and support. B.Grimm Power is committed to continue doing business with compassion in a manner that creates long-term value for all of our shareholders and stakeholders, including the economy, our society and the environment.

With kind regards,

Dr. Harald Link