MOU between “AMATA - B.GRIMM Power” paves way for AMATA European Smart City on the area of 200 rai to Welcome Hi-tech Investment from Europe
AMATA joins hands with B.GRIMM Power to study the project of an "AMATA European Smart City" in the compound of AMATA City Chonburi Industrial Estate, preparing a space of 200 rai (32hectares) to accommodate the relocation of investment in high technology industries from European investors, in addition to the existing zones of Japan, China, Korea, and Taiwan. The collaboration is intended to support smart city and investment in the EEC area, with an intention to extend such cooperation to CLMVT.
Mr. Vikrom Kromadit, Chairman of Amata Corporation Public Company Limited, or AMATA, revealed that today (9 February 2023) AMATA signed a Memorandum of Understanding (MOU) with Dr. Harald Link, President of B.Grimm Power Public Company Limited, or BGRIM, to jointly develop the project of "AMATA European Smart City" in AMATA City Chonburi Industrial Estate, with an area of 200 rai in order to support investment in high-technology industries or so called s-curve industries from European countries, which are likely to expand their production bases to Asia. Thailand is also one of the key targets of this relocation and this project is expected to gear up the growth of investment in Eastern Economic Corridor (EEC).
“Asia nowadays is considered a potential emerging market with high purchasing power. We are always looking for cooperation not only in Thailand but also in CLMVT. These countries are having the promising economic growth and they are attracting European investors to relocate their production base to this region,” said Mr. Vikrom.
Thailand is one of the targets for investment thanks to the privilege and comprehensive infrastructure.
AMATA Group, the largest private developer of industrial cities in Thailand, has more than 1,000 customers, most of whom are investors from overseas companies. The industrial estates cover an area of approx.. 80 square kilometers; furthermore, AMATA City Chonburi Industrial Estate, which is being transformed towards a " Smart City”, designed to maximize the synergies of the key S-curve industries under Thailand 4.0, and being located at the heart of the EEC, to contribute towards accelerating Thailand and the EEC’s ongoing transformations of a leading innovation-driven economic powerhouse in ASEAN. Therefore, this collaboration is expected to enhance the potential of AMATA Smart City, in which there are different zones to accommodate the investment groups from various countries, i.e., Japan, China and Korea.
“This MOU will lead to the implementation of future projects, and it is also regarded as the progress of smart city, in which 15 projects are on the advancement, e.g., smart energy, smart mobility, smart manufacturing, etc. We are conducting the study on the allocation of the zone for European countries so that we will be well prepared to support entrepreneurs from Europe who have advanced technology and innovations and tend to expand their production bases to Southeast Asia, especially Thailand. This is because Thailand has advantages in terms of geography with high potential as it is recognized as the center of ASEAN. Not only that, Thailand is also ready in terms of labor force, modern public utilities like logistics, waterworks, electricity, etc., and information technology systems,” said Mr. Vikrom.
The development of smart city is one of the main strategies to enhance industrial town, which is expected to become the low-carbon city in the long run and in compliance to the green economy. This is also in line with AMATA Group's business commitment to promote the entrepreneurs who manufacture non-polluting products. In addition, the company is determined and ready to move towards the goal of zero emissions by 2040.
Dr. Harald Link, Chief Executive Officer of B.Grimm Power Public Company Limited said, “AMATA is B.Grimm's first business partner, and we have jointly studied and pioneered the private electric power industry in Thailand since 1993. At present, B.GRIMM is operating 10 combined cycle power plants in Amata City Chonburi Industrial Estate and Amata City Rayong Industrial Estate, with total capacity of 1,321 megawatts. Additionally, we also encourage the use of clean energy in the industrial sector of Thailand by producing and distributing electricity generated by solar rooftop for industrial customers within these two industrial estates. This is corresponding to B.Grimm's “GreenLeap – Global and Green” strategy, aiming to become a leader in sustainable and safe energy development with social and environmental responsibility based on B.GRIMM Power's business commitment to ‘Empowering the World Compassionately'."
“Referring to this MOU, B.GRIMM shall play an important role in the development of utilities and energy innovations. We will promote the use of renewable energy, increase clean energy storage with efficient technology and modern innovations, and strengthen business competitiveness for the customers in AMATA European Smart City. This will also bring about more confidence among foreign investors and meanwhile expand the growth in Eastern Economic Corridor (EEC), leading to Thailand’s economic enhancement and achievement of greenhouse gas reduction as well as the target of Net-Zero Carbon Emissions by 2050,” added Dr. Harald Link.
The aforementioned MOU shall be effective for two years, ending on 9 February 2025. The two parties will join force to develop the area of 200 rai so as to accommodate investment from European countries, including the high-potential industrial clusters. This project, thus, will have a very significant role in attracting more foreign direct investment (FDI) to Thailand.
For more information, please contact Ms. Jutikul Net-aroon, Public Relations Executive, Amata Corporation Public Company Limited.