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Banpu NEXT, Tribeca Enterprise sign solar-energy deal for LK-Rich in Rayong
Nov 06. 2020
By The NationBanpu NEXT, a Banpu subsidiary and leading clean energy solution provider in Asia-Pacific, signed a pact with Tribeca Enterprise on Friday to set up a floating solar panel with a total capacity of 16 megawatts.
Tribeca is the developer of the LK Rubber Industrial City Hub (LK-Rich) in Rayong.
The solar energy set-up, the largest privately-owned development of its kind in Thailand, will power up LK-Rich and support its endeavour to become an eco-industrial town. The installation of the panel is scheduled to begin in February.
Somruedee Chaimongkol, chief executive officer of Banpu Pcl and Banpu NEXT, said the floating panel will be set up in a reservoir covering more than 4 million square metres.
Dr Luckchai Kittipol, chief executive officer of Tribeca, said: “Tribeca Enterprise has a vision to develop LK-Rich as the hub of the rubber industry where processed rubber is turned into value-added products, such as tyres and auto parts, as well as an eco-industrial estate where tenants, their employees and surrounding communities can lead a good quality of life.
“We aspire to be a hi-tech industrial estate that adopts advanced technology to assure high quality products using minimal time.”
He said this will require high energy, which is why Tribeca has been exploring opportunities to bring clean energy to LK-Rich.
“The installation work will begin in February, with completion planned within the same year,” he added. “Once operational, this solar floating panel will play a key role in boosting our energy efficiency. With the 20-year contract, we will be able to save more than Bt200 million in electricity cost, reduce pollution and bring added value to LK-Rich and its tenants,” Luckchai said.
“We plan to expand this industrial estate with an additional 3,000-rai development for S-curve industries. This clean energy project and our positioning as a high-tech industrial estate will help bring Thai and foreign investors to LK-Rich.”
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