BCPG secures financing for 10 MW Lomligor wind project in Pak Panang

Asian Development Bank, Kasikorn Bank, and BCPG Public Company Limited signed a financial facility agreement to finance the 10 MW Lomligor Project, BCPG’s wind power plant located in Pak Panang district, Nakhon Si Thammarat province. The Lomligor Project will be the first wind farm in Thailand to apply Energy Storage System, with a total production capacity of 1.88 MWh, to energy production. The Energy Storage System serves as an energy backup storing the excess energy and supplies it back to the system at an appropriate time. This system ensures the stability and reliability of renewable energy sources, as well as enhancing energy security for communities and supporting economic growth across the country in the long run. The Lomligor Project has also been selected by the Office of Energy Regulatory Commission to be included in the ERC Sandbox Project to pilot the use of Energy Management System in wind power plants.

According to the agreement, BCPG will gain the total financial support of THB616.1 million (US$19.2 million) from three financial institutes – Asian Development Bank (THB235.6 million or US$7.3 million), Clean Technology Fund (THB144.9 million or US$4.5 million), one of the two trust funds comprising the Climate Investment Funds, established in 2008 to provide financial support for climate-related development efforts, and Kasikorn Bank (THB235.6 million or US$7.3 million).