Bangkok - 'BWG -ETC -GULF' joins in signing an investment contract for 12 industrial waste power plants and 3 SRF fuel production plants, with a total investment value of 20,800 million baht, reinforcing being the number 1 industrial waste power plant project operator in the country. Mr. Supawat Kunworavinit, Acting Managing Director of Earth Tech Environment Public Company Limited or "ETC", revealed that the Company's Board of Directors meeting There was a resolution to approve the company. Participated in signing the shareholders' agreement with Gulf West Two Energy Holdings Company Limited "GWTE", a subsidiary of Gulf Energy Development Company Limited. Public Company Limited 'GULF' to jointly develop 12 industrial waste power plant projects and 3 SRF fuel production plant investment projects, with a total investment value of 20,800 million baht, as follows: 1. Signing of the shareholder agreement between ETC' and 'GWTE' to invest in Get Green Power Company Limited 'GGP', 10 industrial waste power plant s to sell a total of 80 megawatts of electricity in the ownership percentage. 50:50% shares, investment approximately 15,000 million baht 2. Signing of a shareholder agreement between 'BWG' and 'GWTE' to participate in investing in Circular Camp Company Limited ('CC'), the developer of 3 industrial waste fuel (SRF) production plants. Project in a 50:50 shareholding ratio with a total project value of 2,600 million baht to sell SRF. for all 12 industrial waste power plants 3. Signing of a shareholder agreement between ETC and GWTE and Westech Exponential Company Limited ('WTX') in order for ETC to become a shareholder in the Industrial Waste Power Plant Project 2. Project under Suntech Innovation Power Company Limited ('SIP') by purchasing additional shares, which GWTE and WTX currently hold 51.00 percent and 49.00 percent of shares, respectively. After the capital increase, Said to make ETC's shareholding in SIP at 33%, GWTE at 34% and WTX at 33%, SIP currently operates both industrial waste-to-energy power projects, total project value 3,200 million baht, electricity production capacity. According to the contract, a total of 16 megawatts, which has already entered into a power purchase agreement with the Provincial Electricity Authority for a period of 20 years, on October 16, 2023. Mr. Suwat Luengviriya, Chief Executive Officer and Managing Director of Better World Green Public Company Limited or 'BWG' said that this cooperation with GULF reinforces our position as the number 1 industrial waste power plant project operator. of the country by operating a fuel production plant from industrial waste of BWG as well as an industrial waste power plant project of ETC and its subsidiaries is considered an investment priority that creates opportunities for the growth of the circular economy according to government policy. Bio-Circular-Green Economy (BCG) by processing industrial waste for energy. It will help reduce the amount of greenhouse gas emissions. To effectively reduce the amount of waste Including in line wit h government policy that aims to achieve sustainable development in the field of green energy. and reduce long-term environmental impacts 'BWG has more than 20 years of experience in providing industrial waste management services. (industrial waste) completely and related businesses Including the processing of non-hazardous industrial waste to be used as fuel for electricity production (SRF) and ETC is an expert in producing electricity from industrial waste and garbage. A community with high standards.' Recently, the BWG board approved the issuance and offering of additional common shares of the company. General Mandate form for 540,000,000 shares with a par value of 0.25 baht per share (Par) for sale to a limited number of persons (Private Placement) and to approve the issuance and offering of warrants to purchase common shares. of the Company No. 6 ('BWG-W6') in the amount of 900,199,539 units offered to existing shareholders To use the money to support investment in industrial waste power plant projects with other joint venture partners, 10 projects and 2 projects. Source: Thai News Agency