22nd August 2018, Nakhon Ratchasima – As part of its ESG (Environmental, Social and Governance) principles, Constant Energy and its affiliate Nakorn Ratchasima Solar Co., Ltd. (“NRS”) financed the THB 933,000 renovation of an access road near its NRS solar farm. The opening ceremony was organised today. Constant Energy is a signatory to PRI principles, UN-backed principles for responsible investments.
Constant Energy, the Tambol Takien Aor Bor Tor (municipality), the local community, and Guest of Honor Khun Paitoon Mahacheaunjai, Governor of Dan Khun Thot district, attended the opening ceremony for the newly renovated 1 km long and 5 m wide stretch of road. After years of erosion, the access road lately became impracticable, making mobility of local farmers and dwellers uneasy. The Tambol Takien Aor Bor Tor supported Constant Energy in selecting a capable road renovation contractor in the province.
As part of the opening ceremony, Constant Energy invited representatives of the local community (a total of 40 people including chiefs of local villages) to the presentation and the ribbon cutting ceremony. Thai drinks and local sweets prepared by a local business owner in Dan Khun Thot were served, and a lunch at a nearby restaurant organized.
David Cabrera, Head of Asset Management, said: “We have been here for 7 years and we like to think that we are part of the community. We work closely with local people and are happy to share and invite everyone to use this road. We hope it will make things easier for our neighbors and the nearby farmers”.
The Tambol Takien Aor Bor Tor’s representative stated: “NRS is one of the companies that move local people, gives them jobs apart from farming, and supports the community through taxes and CSR activities such as today’s event. We are very happy to have them and their solar development within our municipality boundaries”.
Guest of Honor Khun Paitoon Mahacheaunjai added: “We are a family and NRS and we are part of it. They don’t only take money arising from this solar development but share and take care of the local community. We live here together happily.”
The NRS farm is a 7.5 MW ground-mounted solar photovoltaic power plant that entered Commercial Operation on 8th March 2012. Featuring thin-film modules from First Solar and central inverters from Ingeteam, it supplies electricity to PEA (Provincial Electricity Authority of Thailand). The NRS farm was built by CH Karnchang Public Company Limited and delivered 69,248,640 kWh of green solar energy to the national grid from Commercial Operation Date, resulting in 46,844 Tons of CO2 emissions avoided to date.
About Constant Energy
Constant Energy is a renewable electricity generation and storage investment platform which invests in and manages high-quality power assets in selected countries. As a solar developer and Independent Power Producer (IPP), we develop, design, finance, build, own and operate utility-scale and large industrial rooftop-based solar PV power plants. Our team is specialized and experienced, and directly manages its international assets with a long-term outlook. We firmly believe that only a local and active asset management can achieve the targeted return on a long-term basis. For more information, please visit www.constantenergy.net