Message From CEO
CV has laid down a secure foundation through our knowledge and expertise in developing renewable energy power plant projects and promote sustainable business growth by invest in clean energy value chain-related business. This will help strengthen the security of renewable energy in ASEAN which would leads to create a global sustainable living balance in every aspect.
We plan to operate through 3 main business groups, which are:
(1) Power Producer business: There are now 5 projects that have been operated commercially with a total installed capacity of 33.56 megawatts and another 3 biomass power plant projects under development in the country with the total installation of approximately 19.8 megawatts. There are also projects in the process of developing biomass power plants abroad with the total installed capacity around 60.0 megawatts. By 2023, we aim to achieve our target in developing renewable energy projects to reach 180 megawatts.
(2) Fuel Supply business: We focuses on renewable fuel development to control production costs and to build stability of fuel for biomass power plants as well as the waste-to-energy power plants. Moreover, we plan to invest in the biomass fuel pellet production business (Wood Pellets) to support the growth of biomass power plants abroad within 2023.
(3) Valued EPC business: Our engineering business focuses on the EPC service of renewable energy power plants from biomass, waste, and biofuels (Renewable Energy), Energy conservation, General construction service, as well as Modular construction; by providing services ranging from engineering design to machinery and equipment procurement and construction (Engineering Procurement and Construction: EPC turnkey) to the power plants of the Group and general customers for more than 14 projects operated under SBANG Corporation Limited and SBANG Engineering Limited, which are subsidiary companies.
On behalf of the Group, I would like to thank the Chairman, Board of Directors, executives, and all employees for taking part in the management, operation, and driving of the Company's business to prosperity. I would also like to thank the partners, investors, and all stakeholders from all sectors for trusting and believing in the direction of the Company's operations in order to expand the scope of business to deliver the value of renewable energy to global society and sustainability.