International Finance has awarded Phu Yen TTP Joint Stock Company, a subsidiary of B.Grimm Power Public Company Limited (BGRIM), the Best Power Plant Project Developer award in solar sector in International Finance Utility Awards 2019.
BGRIM holds 80% stake in Phu Yen TTP Joint Stock Company in Phu Yen Province, Vietnam, which operates a power plant with a capacity of 257 MW.
Moreover, BGRIM still have plans for its future investments in wind and solar energy in Vietnam, and solar energy in Malaysia, the Philippines, and Cambodia for a total of 300-400 MW.
The company has an objective of increasing its total capacity to 5,000 MW from the current capacity of 3,245 MW along with a stable financial status. Amid interest rate cut, it would benefit the refinancing.
In addition, International Finance is a premium business and finance magazine published by UK’s International Finance Publications Limited. International Finance Awards recognises industry talent, leadership skills, industry net worth and capability on an international platform. After careful consideration of nominations by a qualified research team, winners are declared on the strength of their application and past accomplishments. These winners are felicitated at a glittering awards gala, held at a premium five-star venue in a major business hub.