Kudun and Partners represented B.Grimm Power Public Company Limited on a cross-border investment transaction on acquiring 100% shares in a project company that has obtained the right to develop the first-ever ground-mounted solar photovoltaics (PV) project in Cambodia with the power purchase agreement for 30 Megawatts with Electricite Du Cambodge (EDC) for a period of 20 years.
B.Grimm is one of the oldest and largest infrastructure developers in Thailand. Upon completion of the acquisition, we continue to assist the client on the project development phase including preparation and finalization of the Construction and Supply Agreements.
This project is the first large ground-mounted solar photovoltaics (PV) project in Cambodia and an important project to increase the share of renewable energy generation in the country. Cambodia has been grappling with an ever-increasing demand for electricity.