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Biomass Power Plant Seeking Loan in Nakhon Sawan City, Thailand

Biomass renewable power plant seeks funding to fulfill contracts and reclaim 100% ownership rights.
This Business is on a Premium Plan
Established 20-30 year(s)
Employees 100 - 500
Legal Entity Private Limited Company
Reported Sales USD 5 - 6 million
Run Rate Sales USD 5.6 million
EBITDA Margin 30 - 40 %
Industries Biomass Power Plants
Locations  Nakhon Sawan City
Local Time 7:21 PM Asia / Bangkok
Listed By Advisor / Business Broker
Status Active
Overall Rating
Seeking Loan
USD 18.5 million for 10.0% annual interest, 4 years (Native Currency: THB 600,000,000)
Reason: 1. The founder/owner is seeking a source of loan for buying out other partners who cannot go further... View More
Collateral Available: USD 28 million
Includes physical assets worth USD 28 million
Interested to connect with advisors
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Business Overview
1. Located in Nakorn Sawan, 250 km North of Bangkok, Thailand.
2. Founded, owned, and operated by a 56-year-old Thai engineer with extensive experience and a strong industry reputation.
3. The power plant capacity is 10 MW while the PPA is 9 MW. The tariff is composed of 3 components: base tariff, Ft, and the adder.
4. These make the total tariff as high as THB 7/kWh in the first 7 years which is so called the adder period.
5. After the adder period, the plant will enjoy a lifelong of selling the electricity due to no contract ending stated in the PPA.
6. Operation is held by the local Thai team of technicians and engineers.
7. ​ The​ capacity of​ the​ plant can​ make​ sales of upto THB 450 million/year and​ the​ projected net profit is​ THB 220 million​/year. ​ Due to​ the​ obstruction from​ other shareholders, the​ figure is​ below the​ target. ​ That's the​ reason for​ seeking a loan​ to​ buy the​m out. Due to this the sales have declined and are expected to make a recovery upon receiving the funding.
Products & Services Overview
1. The business sells power to the national grid under a Power Purchase Agreement (PPA) with the Provincial Electricity Authority of Thailand as the contract counterpart.
2. The power plant uses Refuse-Derived Fuel (RDF), primarily composed of plastic sorted from Municipal Solid Waste (MSW). MSW, collected from municipalities across the country, is sorted by operators and then sold and transported by truck to the power plant.
Assets Overview
Tangible assets:
1. The land - 153 Rais (53.4 acres).
2. The buildings and infrastructure.
3. Machinery (mainly consisting of the boiler and the steam turbine generator).
These assets are crucial for operations and cannot be liquidated.
Facilities Overview
Operates from an owned facility spanning 153 Rai (53.4 acres), featuring: Building, all infrastructure and machinery, including a boiler and steam turbine generator.
Capitalization Overview
1. ​No​ bank loan​ outstanding. Only debt lending from another​ shareholder.
2. There are​ 3​ shareholders. ​ The founder​ and​ owner​ is​ the​ major shareholder with 70% shares. ​
Recent Activity
  • Earlier than 15 days
    Owner, Bronxville, Financial Consultant connected with the Business
  • Earlier than 15 days
    Founder & CEO, Mumbai, Financial Consultant connected with the Business
  • Earlier than 15 days
    CEO, Taipei City, Financial Consultant connected with the Business
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Contact Business
2 Investors contacted this Business this month. Register below to connect now!
Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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