Constant Energy Held a Full Debt Repayment Ceremony with Krungthai Bank For Chang Rai Solar (CRS) Farm

THAILAND, June 24, 2022:  Constant Energy’s solar project in Thailand, Chiang Rai Solar (CRS) farm, has now paid off its last debt to Krungthai Bank (KTB). KTB is the largest State-owned bank in Thailand, operating for over fifty years. Chiang Rai Solar (CRS) plant has been developed, built, and managed by Constant Energy Solar (Thailand) Co., Ltd. since 2011. The total capacity of this solar farm is 8 MW.

Franck Constant, Founder, and CEO of Constant Energy, stated:

“We are grateful and happy to see how far we have come. It has been almost 11 years since the first day of this project, Chiang Rai Solar Farm. It has been an amazing experience working with Krungthai Bank, Sinar Mas, and CKPower on this endeavor. We appreciate the early vision of our partners and KTB to invest in this solar farm when it was a pioneering project with us ten years ago. We hope there will be more opportunities to work together on other green energy projects.”

[ About Constant Energy ]

Constant energy is a renewable energy generation and storage investment platform that invests in and manages high-quality power assets in selected countries. As a commercial solar panel developer and Independent Power Producer (IPP), we develop, design, finance, build, own, and operate utility-scale and commercial rooftop solar photovoltaic power stations to lead the way in alternative energy resources and renewable energy. Regionally headquartered in Bangkok, Constant Energy operates primarily in Southeast Asia. We produce long-term green and reliable electricity for our clients, using renewable energy sources and green energy fuels, enabling them to reduce their energy bills and increase profitability and enterprise value while focusing on their core business activities.

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[ About Krungthai Bank ]

Krungthai Bank is now growing together with Thai society by adapting to the change and competitive environment. The bank has transformed from “The Convenience Bank,” the current standard, to the concept of a “Growing Together for Sustainability” bank. With that concept, we dedicate ourselves to enhancing our human resources’ qualifications and creating value services that indeed support the growth and stability of the customers, contribute to shaping a better society and provide satisfactory sustainable yields to our shareholders.

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[ About CKPower ]

CK Power Public Company Limited (the “Company” or “CKP”) was founded by CH. Karnchang Public Company Limited Group (“CH. Karnchang Group”) registered its incorporation on June 8, 2011, with its registered capital of Baht 1,000,000 to become the center of CH. Karnchang Group’s focus is on investment in the business of production and distribution of electricity generated from various types of energy sources. The Company registered its conversion into a public company on February 6, 2013, and its ordinary shares were listed as listed securities and started trading on the Stock Exchange of Thailand (“Stock Exchange”) on July 18, 2013, with its registered capital of Baht 5,500 Million, fully paid-up. On April 10, 2015, the Company reported its capital increase to Baht 9,240 Million. Currently, the Company’s registered and paid-up capital amounts to Baht 8,129 Million.

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For inquiries regarding this press release:

Constant Energy
TEL: +66 (0) 89 206 4800

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