EPC Contract Signing for a 1.6MWe Biogas Power Project

June 3, 2011

Prime Agri Energy Co., Ltd. (“PAE”) a development and investment group formed with industry leaders in the renewable energy sector and a subsidiary of Nollen Group, today announced the signing of Engineering, Procurement & Construction contracts with TOPEC W2E b.v. and Annex Power Ltd for a 1.56MW biogas project (“Project”) to be located in Phayao Province, Thailand.

The Project will use the latest technology from the Netherlands and Germany to turn wastewater and solid waste from the sweet and baby corn processing plant of Agro-on (Thailand) Co., Ltd. into electricity for sale into the national grid.  This Project fully supports Thailand’s drive to increase energy production from renewable sources as well as reducing waste and providing jobs to the local community.

PAE was formed specifically for this Project by a consortium comprising Prime Energy Investments Ltd, EJ Business Partners Co., Ltd. and Annex Power Ltd.  The group has extensive experience in the renewable energy industry, bringing together technical and financial expertise from across the globe.

The Project is expected to start construction in the 3rd quarter of 2011 and be commissioned in the 2nd quarter of 2012.

“This Project represents the first of, we hope, many projects for PAE in Thailand”, says Bart Nollen, Director of Prime Energy Investments and CEO of Bangkok-based Nollen Group.  “We are very pleased to be working with a consortium of experienced partners and co-investors to bring the latest technology to Thailand and play a part in the country’s sustainable development”.

“This project will utilize best-of-class European technology which we believe has great potential for Thailand and the rest of Southeast Asia,” commented Daniel Gaefke, Managing Director of Annex Power.

“There’s no doubt that this international consortium anchored by the highest knowledge and technology will bring the project to a successful conclusion”, says Kazuo Yakata, President of EJ Business Partners. “We are pleased to be able to participate in the project as a Japanese company and we would like to contribute to further RE project promotion in Thailand”.

 

Further information

Prime Energy Investments

Prime Energy Investments is an investment vehicle based in Hong Kong dedicated to investing in renewable energy projectsin the emerging markets, with a focus on biogas and biomass technologies.  It is a joint venture between Nollen Group and TOPEC W2E.

Nollen Group

Nollen Group, founded in the Netherlands in 1973 as International Consultancy Europe BV before being recently rebranded, is a family-owned business that has specialized in developing and financing infrastructure-related projects in the emerging markets for over 30 years.

Over the past four years, the group has focused on the environmental sectors, namely the renewable energy, water and biodiversity areas.  Nollen Group is headquartered in Bangkok with other offices in Phnom Penh, San Francisco, Cape Town and Rotterdam.  More information is available at www.nollengroup.com.

TOPEC W2E

TOPEC W2E specialises in providing end-to-end engineering, procurement and construction services in the renewable energy sector, having delivered hundreds of small- to mid-sized stand-alone power plants globally.  The company is a wholly-owned subsidiary of the Pon Group.  Pon is an international trading and service company in the power and automotive sectors with revenues of over Euro 5 billion. More information is available at www.pon.nl and www.tw2e.nl.

Annex Power

Annex Power, recently spun out of a large European company, is a leading provider of services in the renewable energy sector in the Asia Pacific region.  Annex focuses on biogas systems and solar power as a turnkey EPC contractor and developer. Annex Power built the first ever commercial-scale solar power plant in Thailand and has a proven track record of successful project execution and references in the region.  More information is available at www.annexpower.com.

EJ Business Partners

EJ Business Partners is the technical oriented investment arm of EJ Holdings, a leading engineering consulting group in the waste management and infrastructure sectors in Japan.  The group has over 50 years of experience and over 700 engineers with offices throughout Japan. More information is available at www.ejbp.ej-hds.co.jp.

 

Media contacts:

Bart Nollen, Nollen Group, + 66 (0) 2 251 4602, gijsbert@nollengroup.com

Daniel Gaefke, Annex Power, + 66 (0) 2 660 6801, daniel@annexpower.com

Taisuke Odera, EJ Business Partners, oodera-ta@ej-hds.co.jp

Paul Selders, TOPEC W2E, pselders@tw2e.nl