Khao Hoon and IQ news - Tuesday, May 26, 2015 09:47:23 AM.
Dr. Attawut Laohapakdee, Senior Executive Vice President for the operation unit two of The International Engineering (IEC) has announced that the Board of Directors on 25 May 2015 passed a resolution to approve the purchase of land for development and preparation for the construction of renewable energy power plant. The total purchase price including taxes and other transfers fee amounted to 131,719,282 bath. The Company will develop this land and resale to investors, who are interested to operate a renewable power plant.
The project is the purchase and sale of land in Nong Irun, Banbueng, Chonburi province, which will develop for the construction of renewable energy power plants. Thus, the land is considered to have the potential for further development in the construction of power plants. Since there are about 400 tons of material, such as municipal solid waste per day.
The Company considers that such land has the potential to develop into renewable energy plants such as Waste to energy, Biomass power plants. The company expects to sell such land within one year from the date of purchase. The total value of the transaction totaled 156,219,282 baht budget, including invested purchasing / hiring of taxes and other transfers fee. The company will sell the land the interested investors and expect the price of such land is worth about 186.21 million bath, which will make this project’s IRR not less than 19.20 percent.
The company also announced that the Board of Directors No. 8/2015 held on April 2015 has approved the investment in Waste Recycling Plastic (production of plastic raw materials, plastic contamination). The location of the project is situated in Chachoengsao province However, the BOD No. 11/2015 on 25 May 2015 has approved the change of the Waste Recycling Plastic Project to Pattananikon, Rayong province, where is considered to be the most benefit to the company to achieve its effective result.
Source: IEC Investor Relations
16/06/2015