Sermsang Power Corporation Public Company Limited (SSP) filed to go public by the end of 2017 under Market for Alternative Investment. Kasikorn Securities is the financial advisor of SSP. The Securities and Exchange Commission has approved SSP an initial public offering (IPO) of more than 276 million shares. The shared issued will be 30% of SSP’s post IPO paid-up ordinary shares.
The Asset, under Asia Infrastructure Awards, honored Sermsang Solar project of Sermsang Palang Ngan Co., Ltd (SPN) with the Best energy/Renewable energy deal of 2015. The crucial value infrastructure plays in driving growth in Asia inspires Asia Infrastructure Awards. The award aims to recognize private corporations’ relentless effort to push for economic growth via infrastructure investment.
Sermsang Palang Ngan Co., Ltd (SPN), which is now a subsidiary of Sermsang Power Corporation Public Company Limited, has completed Sermsang Solar project (SS), its first and flagship project of 40 MW (52 MW installed) solar farm in Lopburi, Thailand. SS is under contract with Electricity of Generating Authority of Thailand on a Non-Firm basis that renews every five years. SS will sell electricity with an adder of 6.50 baht per kwh for ten years from commercial operation date.