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Absolute Clean Energy Signs Power Plant Contract with Nakhon Phanom Municipality
Affected tickers
Per-ticker News Sentiment Indicator
- ACEother · positive · high
The company secured a 25-year contract for a 9.9 MW municipal solid waste power plant, expanding its operational portfolio and long-term revenue visibility.
- BEother · neutral · high
The article discusses Absolute Clean Energy (ACE) in Thailand, which is a different entity than the ticker BE (Bloom Energy Corp).
Article body
Absolute Clean Energy Public Company Limited (SET:
ACE
) has announced that its subsidiary had signed the project grant agreement with Nakhon Phanom Town Municipality under Build-Own-Operate (BOO) scheme for a period of 25 years.
The company has informed the Stock Exchange of Thailand that on July 21, 2026, Alliance Clean Power Company Limited (ALCP), a subsidiary which the company indirectly holds 100% shares who had won the e-bidding and had been selected to invest, develop, and operate a municipal solid waste (MSW) power plant project for Nakhon Phanom Town Municipality, Mueang Nakhon Phanom District, Nakhon Phanom Province (Nakhon Phanom MSW Power Plant Project), signed the project grant agreement with Nakhon Phanom Town Municipality.
The power plant project is expected to have an installed capacity and a power purchase agreement (PPA) capacity of 9.9 MW and 8.0 MW, respectively.
In addition to this, the company will have 11 MSW power plant projects in total, including the Nakhon Phanom MSW Power Plant Project, with a total installed capacity of 100.2 MW, which can be summarized according to the project status as follows:
Two projects currently in operation with a total installed capacity of 12 MW.
Two projects currently under development (project grant agreement and PPA have been signed). These projects have a total installed capacity of 18.9 MW.
Seven projects currently awaiting development (project grant agreement and PPA has not been signed). These projects have a total installed capacity of 69.30 MW.