West Holdings Forms Energy JV in Thailand

2016/09/27 20:09
Kenji Kaneko, Nikkei BP CleanTech Institute
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A mega solar power plant that the West Group built in Japan (source: West Holdings)

West Holdings Corp (Hiroshima City) announced Sept 23, 2016, that it has established West International (Thailand) Co Ltd in Thailand for installing solar power generation facilities and providing consulting services concerning energy saving in Southeast Asia.

West International will offer all of the services related to (1) energy saving such as LED lighting and improvement of air conditioning, (2) energy creation including solar power generation and (3) energy storage such as storage batteries and EMSes (energy management systems) as "West's Esco Service," targeting at Japanese companies in Thailand as a starter.

The capital of West International is ¥30 million (approx US$297,295). It is financed 49% by West Holdings, 17% by J-Will International (Thailand) Co Ltd (a company affiliated with J-Will Co Ltd), 10% by Bangkok BTMU Ltd (a company affiliated with The Bank of Tokyo-Mitsubishi UFJ Ltd) and 8% by TDC, SBCS Co Ltd and MHCB Consulting (Thailand) Co Ltd, respectively.

In Japan, the West Group has thus far constructed 213 mega (large-scale) solar power plants, about 6,000 industrial solar power generation systems and about 55,000 residential solar power generation systems. It also runs the business of leasing roofs to local governments for solar power generation in 82 locations and offers the service of installing LED lighting systems and devices for saving the power consumption of air conditioning systems.

The group plans to make use of such comprehensive knowhow in energy management in Southeast Asia.

In Thailand, it is said that electricity rate will be doubled in seven years due to the potential exhaustion of natural gas and continuing tight power supply-demand balance unless appropriate measures are taken to procure electricity. Amid such circumstances, Thailand's Ministry of Energy aims to actively introduce LED lighting systems and shift from natural gas-fired thermal power generation to coal and renewable energy.