Page 14 - AsiaElec Week 12 2021

AsiaElec NEWS IN BRIEF AsiaElec

which it is moving into the next phase of its
development by embracing businesses that
complement its three core property businesses
that are comprised of commercial property,
residential property, and resorts and hotels.
“We want a business that can become
huge, combining steady, consistent returns
with exciting growth opportunities. We will
leverage the synergies between our four
business platforms to give us great competitive
strength,” Mr. Bhirombhakdi said.

(CGN) and China Datang, are pushing a last year to power its fast growing economy,
similar agenda. according to the plan.
VIRTUAL POWER PL ANTS
Tesla launches virtual
GAS-FIRED GENERATION GENERATION
VinaCapital, GS Energy to Singha Estate secures power plant in Australia
Tesla has launched a new “Tesla Energy Plan”
invest $3bn in LNG power rights in 3 major power in South Australia to try to lower electricity
rates in a region notorious for high energy
plants in Vietnam plants costs.
The plan is backed by a Tesla Powerwall-
VinaCapital, one of the largest investment and Singha Estate Plc, a leading Thai property powered virtual power plant.
asset management firms in Vietnam, said on investment and development company, today, South Australia have had a lot of power
Monday it would jointly invest up to $3bn in announced that it has secured the exclusive issues over the years.
a LNG-to-power complex in the country with rights to acquire a 30% shareholding in three Tesla first got involved by supplying its
its South Korean strategic partner GS Energy. major co-generation power plants with total Powerpack in a large energy storage project
The first phase of the 3,000-megawatt capacity of 400 megawatts, at par value, and owned by Neoen that became known as the
complex in the southern province of Long with a total investment of Bht 1,392mn. “Tesla Big Battery.”
An should be operational from the end of The first of the plants is an operational While in the region during the launch of
2025, VinaCapital said in a statement, Reuters 123MW combined cycle co-generation power the big battery, Tesla CEO Elon Musk was
reported.. plant that is owned and operated by Angthong interviewed and presented with the significant
The company did not specify when it Power Company Limited and located in the hardship that Australia’s high electricity prices
would start building the complex, noting ‘World Food Valley’ industrial estate in Ang are putting on low-income families.
pending regulatory approvals were required. Thong, Central Thailand. The unstable grid and high electricity
It said the US, as a major producer of LNG, The second and third plants, each with costs result in some families having to decide
would be one “likely source” of LNG for the 140 MW capacity, are greenfield operations between keeping the lights on or going
complex. that are currently under construction and hungry.
LNG is growing more popular as a power will enter into service in 2023. They are also Musk was visibly emotionally affected by
generation fuel in Vietnam as coal falls out of located in the ‘World Food Valley’ industrial the issue and vowed that Tesla would “work
favour because of its emissions and climate estate. The licences for these power plants are harder” to help solve the problem.
impact, with the country ramping up plans for owned by B.Grimm Power (Ratchaburi) 1 He wasn’t kidding because a few months
LNG import terminals and power plants. Limited and B.Grimm Power (Ratchaburi) 2 later, Tesla announced that it reached a deal
Prime Minister Nguyen Xuan Phuc Limited. with the South Australian government to
welcomed GS Energy’s investment in The three acquisitions are subject to Singha install solar arrays and Powerwalls on up to
the province as he visited the site of the Estate’s shareholders’ approval at its Annual 50,000 homes – many of them homes of low-
planned complex in Long An on Sunday, the General Meeting on 23 April 2021. income families.
government said. Chutinant Bhirombhakdi, Chairman of Over the last few years, Tesla has been
Vietnam plans to raise the proportion of the Board of Directors of Singha Estate Plc, deploying more Powerwalls to grow the
gas-fired electricity in its power mix to 21% by said, “We have secured these rights under virtual power plant, which provides grid
2030 and to 24% by 2045 from 13% currently, very attractive terms. They are an important services to reduce cost and backup power in
according to a draft of the government’s part of the jigsaw that will make Singha Estate case of a power outage.
master power development plan expected to into one of Thailand’s foremost property, Last summer, Tesla had 1,000 Powerwalls
be officially released later this year. power generation, and engineering services on the network, and they were authorised for
The country required up to $128.3bn of companies, while tripling the size of our a new phase to add another 3,000 batteries.
investment in its electricity industry during business to Bht 20,000mn in revenues in three Now, Tesla is launching what it calls the
the 2021-2030 period to raise its total installed years.” “Tesla Energy Plan on the Tesla Virtual Power
power generation capacity to 137.2 gigawatt Singha Estate recently announced that Plant.”
(GW) by 2030 from 69 GW at the end of 2021 is a transition year for the company in

P14 www. NEWSBASE .com Week 12 •24 March•2021