THE PICTURE above is of a sea of solar panels recently installed by Singapore-listed Anwell Technologies in Thailand in setting up a solar power plant for a client.
Built under an EPC (Engineering, procurement and construction) contract, the project had a total contract value of 780 million Baht (approximately US$25 million).
Anwell's wholly-owned subsidiary, Sungen, provided one-stop solutions, including the design of installation, procurement of materials, and construction.
The solar power polant has been tested to comply with the standards set by the Provincial Electricity Authority of Thailand, said Anwell.
It has commenced commercial operation, added Anwell, which is a solar panel manufacturer, in an announcement posted on the SGX website on Friday (Oct 26).
This is the first solar power project completed by Sungen in Thailand.
This comes about two years after Anwell started mass-production of solar panels in China.
It has developed its own production line using proprietary technologies and tapping on its expertise in its original core business of developing manufacturing equipment for optical discs.
Anwell executive chairman Franky Fan said: "The project is testament to the Group’s expertise and technological capability in this promising market.
"Going forward, the Group will continue to exploit new opportunities of large-scale solar power projects through various business models."
The completion of the project will contribute positively to the Group’s earnings for the financial year ending 31 December 2012.
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