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BGRIM defies Covid-19 impact with 21% profit leap in 2020

published : 3 Mar 2021 at 11:03 Pursuing strategic partnerships in all businesses to drive future growth B.Grimm Power PCL (BGRIM), Thailand’s leading industrial power producer, posted a 21% increase in net operating profit in 2020 despite the adverse impact of the Covid-19 pandemic on the global economy. Dr Harald Link, Chairman and President of BGRIM, said the 2,617 million baht in earnings attributable to its parent company was largely due to the increase in generating capacity and power sales to industries in Thailand. BGRIM last year added 162 MW in capacity which ramped up its output by 6% to 14,451 gigawatt-hours. Power demand of BGRIM s industrial clientele in the kingdom rebounded strongly between September 2020 and January 2021 over the same period of the previous year, he pointed out. The company has seen the continued broadening of its customer base with new industrial clients with a total requirement of 15 MW being connected to BGRIM s sup

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