Korat REnergy

Phase 1: Data Validation & Provincial Structuring

(Completed / Ongoing)

• Collection and validation of official biomass data (rice straw & sugarcane leaves) from provincial agricultural authorities

• Clusterization of the province into five operational biomass clusters, optimized for logistics, feedstock density, and grid access

• Preliminary sizing of power generation capacity, composting plants, and biomass logistics infrastructure

• Initial estimation of community income, PM2.5 reduction, and GHG mitigation potential

Outcome:
A province-wide, data-backed project structure suitable for investor screening and policy alignment.

Phase 2: Stakeholder Alignment & Project Framing

(Next 6–12 months)

• Engagement with district-level stakeholders, farmer groups, and community enterprises within each cluster

• Alignment with provincial clean-air, climate, and agricultural sustainability objectives

• Definition of feedstock aggregation mechanisms and community participation framework

• Refinement of project scope into bankable modules (power, compost, logistics)

Outcome:
Clear stakeholder buy-in and social license to operate at cluster level.

Phase 3: Feasibility & Pre-Investment Development

(12–18 months)

• Technical and commercial feasibility studies for:

  • Biomass power generation assets

  • Cluster-scale composting plants (500,000 tons/year each)

  • Selective biomass warehousing (30–50 km service radius)

• Grid interconnection and preliminary permitting assessments

• Development of environmental, social, and governance (ESG) baseline and MRV framework

Outcome:
Investment-ready project packages aligned with DFI and climate-finance requirements.

Phase 4: Financing & Structuring

(18–24 months)

• Finalization of SPV and holding structure at cluster and provincial level

• Engagement with DFIs, climate funds, and strategic partners

• Structuring of blended finance (equity, concessional debt, climate-linked instruments)

• Preparation of term sheets, investment memoranda, and climate impact documentation

Outcome:
Financial close readiness with diversified revenue and risk-sharing structure.

Phase 5: Phased Construction & Commissioning

(24–48 months)

• Phased development starting with priority clusters based on readiness and grid access

• Construction and commissioning of:

  • Biomass power plants

  • Composting facilities

  • Essential biomass storage and logistics hubs

• Progressive integration of digital MRV and operational monitoring systems

Outcome:
Incremental capacity build-out with early revenue generation and impact delivery.

Phase 6: Full Operation & Scale-Up

(Post-Commissioning)

• Stable operation across all five clusters

• Delivery of renewable electricity, organic compost, and verified climate benefits

• Carbon credit readiness and participation in voluntary or compliance markets

• Replication of the Korat model to other agricultural provinces in Thailand and ASEAN

Outcome:
A fully operational provincial biomass infrastructure platform with long-term scalability.