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Alternative Energy Management Venture Capital Limited (AEMVCL) was founded by Tropical Asia Energy Company Limited, a joint venture between financial and energy expert from Thailand and international partners (the Founders). The registered capital of AEMVCL is Baht 200,000,000. AEMVCL was set up by a professional team in energy technology and investment banking, registered with the Securities and Exchange Commission (SEC) of Thailand under the Royal Decree 396, on January 10, 2006, managed by BVP Venture Capital Funds Management Securities Limited as the fund manager. The philosophy of this venture capital fund is to solve energy crisis nowadays, since the fund aims to utilize renewable sources of energy rather than conventional sources or fossil fuels for keeping sustainability in energy consumption in the country in the long run.
 
The Founders nominates 3 board representatives to AEMVCL, namely Mr.Li Xuexin, who experience in Energy Industry in China, nominated by the Tianjin Machinery Group (TMG) which is one of the largest State Enterprise of China, to take care of international investment in Thailand, Mr.Pisit Chantanont, who was the senior executive from CP Group and has strong relationship with Chinese Government that can provide good deals of machinery turnkey services to the Company,  Mr.Kiattipoom Siriphant, who has experience in power projects and investment banking for more than 15 years both in Thailand and internationally (see his CV in the management part), while the Venture Capital Management Securities and unit holder representatives shall nominate 2 board members, namely Mr.Piyabutr Cholvijarn and Mr.Kunakorn Makchaidee (see their CV in the management part). Board of Directors is working at policy level.
 
Investment Committee (IC) will be composed of Mr.Kunakorn Makchaidee (as Fund Manager), Mr.Kiattipoom Siriphant, and Mr.Trongjai Darbavasu ( President of Siam City Factoring Public Company Limited ). IC will be working as the executive board in the following scopes:
  1. Set up investment and divestment policies
  2. Determine business that AEMVCL may invest, and also the terms, conditions, and criteria for the investment in such business
  3. Monitor and evaluate AEMVCL’s operating performance and its investment performance
  4. Determine business that AEMVCL may divest and also the terms, conditions, and criteria for the divestment in such business
  5. Perform the benefits and costs analysis prior to investment decision and recommendation
  6. Recommend the projects to the Board of Directors

Main business is a holding company to generate investment policy by authorizing Investment Committee as the working group to study, analyze and recommend good potential projects to the Board of Directors.

 
BVP Venture Capital Funds Management Securities Limited is the first venture capital of Thailand who got the license of venture capital by The Securities and Exchange Commission (SEC) of Thailand no.0009/2545 on October 14, 2002.
 
BVP Venture Capital Funds Management Securities Limited, equipped with business specialists in many fields more than 15 years experience, was established since 1987 by assembly of six Thai commercial banks. BVP is supported by United States Agency for International Development (USAID) in the knowledge of venture capital. Its objective is to develop the social and economic by fund raising for investing in SMEs and to consult in management and finance.   
 
Venture Capital supports the strong of company’s finance by consulting in management and finance with transparency and good corporate governance. Moreover, Venture Capital aims to develop business and innovation for competition to international country.
 
 

OSMEP is another potential partner, who may participate in some biomass power projects with the Company and it aims to support the business until the Company gets listed in the Thai Stock Markets.
 
The Office of Small and Medium Enterprises Promotion shall formulate an action plan called “Action Plan for the Promotion of Small and Medium Enterprises” and propose the plan to the Board of Executives. The action plan, which will be publicized in the Royal Gazette after approval by the Minister, is formulated so as to implement SMEs promotion policies and plans.
 
In formulating the Plan, the OSMEP must cooperate with public related offices, government agencies, organizations and state enterprises, taking into account the outcome of research and development as well as social and economic conditions and necessities. Related public offices, government agencies and organizations and state enterprises must perform their duties in formulating the Plan, which may be prepared for short term and intermediate to long term implementation, for Bangkok and for other regions.