Overview
Summary
Work History
Education
Skills
Timeline
Ashish Kumar
Head of Commercial and Transactions

Ashish Kumar

Power Systems & Solutions Co. Ltd.
Bangkok,BK
15
Years of experience
18
years of post-secondary education

Summary

  • Senior managerial position with 15+ years of post qualification experience of working in cross-border platforms and projects on Solar PV / RE Sector since 2011.
  • Experience in technical, commercial and financial analysis, negotiation and execution of transactions.
  • Lead BD team and signed 100+ MWp Solar PV C&I projects in Thailand and 127+ MWp in India with combined pipeline of 300+ MWp.
  • Experienced in raising senior debt ( non-recourse, project finance) in Thailand and India.
  • Experience in end-to-end M&A process of Solar PV projects in India, Thailand, Philippines and Cambodia.
  • Experience in dealing with large international developers ( such as ibvogt Gmbh, Amarenco France and ISquarred Capital US) to work closely on the development platform in Thailand and SEA.
  • Experience in overall asset management of large multi sites portfolio along with DD process and documentation.

Work History

Head of Commercial and Transactions

5 Years 9 Months
Power Systems & Solutions Co. Ltd. | Bangkok, 10 | 01.2021 - Current
  • Key Management Position in the Pss Group, responsible for all large commercial negotiations, agreements and transactions done by the company. Focused high lights of the work;
  • Played a major role in JV of Pss Thailand with Amarenco Group, France and developed Pss Aamarenco Solar C&I platform based in Singapore and focused in Thailand, Vietnam, India and Philippines. Developed 20+ MWp of greenfield Solar PV C&I project. Closed finacing of Solar PV projects by TTB Bank in Thailand. Lead BD Team and commercial negotiations and signed Corporate PPA of 30 + MWp in Thailand along with 100+ MWp in tangible pipeline. Supported Pss and Amarenco Group in demerger in 2024.
  • Key person in the JV with I Squarred Capital and Pss Thailand and creating Berde-Pss platform in Singapore which focused on Thailand. Lead BD Team and Transactions Team and done commercial negotiations and signed Corporate PPA of 107+ MWp in Thailand along with tangible pipeline of 200+ MWp in Thailand.
  • Played an important role in JV between Orange Circle Energy, India and Pss Thailand and establish the platform PssOrange Pte. Ltd. in Singapore for projects in India and developed and Commissioned 55 MWp ground mounted intra-state C &I project in Punjab, India and funded by IREDA. Supported Indian team to build a pipeline of 300+ MWp and signed PPA of 127 MWp.
  • Major activities at work is PPA Negotiation, Commercial Negotiations on M&A and Other Transactions. Leading the Asset Management of the portfolio. Business Development, Senior Debt, Oversee the complete Due Diligence process.

Project Development Manager (CLMVT)

1 Year 11 Months
ibvogt Gmbh | Bangkok, 10 | 01.2019 - 12.2020
  • Heading the APAC Business and Project Development (CLMVT) for Solar PV Business.
  • Acquisition of large projects. Transaction Management, Financial Modeling, Corporate Structuring and Documentation. Worked as Country Manager for CLMVT market. Overseeing BD, Project Development, M&A Transactions and Tenders.
  • Completed the M&A ( Sell Side) of 5 MWp project in Krabi Thailand with public listed company of Thailand.
  • Managed 144 MWp International Solar Tender ( Mayanmar).
  • Executed 116 MWp project in Malaysia and Tender for 100 MWp project in Malaysia (LSS3).
  • Key member of the JV between ibvogt and Pss Thailand.

Head of Project Development

2 Years 2 Months
BB Star Energy Co. Ltd. | Bangkok Noi, 10 | 10.2016 - 12.2018
  • Major responsibility was to oversee company's and its group's interests in investment in Solar PV and other green energy technologies in Thailand, Cambodia and Hong Kong.
  • Took lead in the complete tendering / proposal process with feasibility, commercial negotiation on following projects.
  • 50 MWp Solar PV Plant, Kandal Cambodia.
  • 18 TPD Pyrolysis Plant, Bangphli, SamutPrakan, Thailand
  • 500 TPD MSW Management Plant, Phnom Penh, Cambodia.
  • 10 MWp Solar PV Plant, Udon Thani, Thailand,
  • Worked in Thailand and Cambodia during this time.

Sr. Project Manager

2 Years 8 Months
nv-vogt Solar Pte. Ltd. | Manila, Philippines | 01.2014 - 09.2016
  • Major responsibilities was to manage the projects from concept to commissioning. Which includes tendering process, EPC selection and negotiation, equipment selection, on-site / off-site project management in India and Philippines.
  • Build engineering and execution team in India and Philippines, managed the projects in both the countries.
  • Contributed as the project manager of 6.25 MWp Solar PV Project in Surallah, Socoteco, Philippines, 24 MWp Solar PV Project in Telengana, India and 4 MWp OA Solar PV Project in Tirupur, TN, India.
  • Oversee the design and construction activities of 19.20 MWp Solar PV Project in Essex UK along with the German and English Team.
  • Worked in India, UK and Philippines during this time

Manager, Projects

2 Years 6 Months
APCA Power Pvt. Ltd | Gurgaon, INDIA | 06.2011 - 12.2013

Major Responsibilities is to manage the Solar PV Projects allotted to the company in Gujarat and Rajasthan, India.On-site Project Management and Commissioning, Post-Commissioning Work and O&M and AM.

Contributed as Project Manager for 5 MWp Solar PV Project in Rajkot, Gujarat. Oversee complete construction, installation and commissioning of the project.

Contributed as Technical Consultant for commissioning of 2 MWp Solar PV Project in Bhilai CG, India.

Education

Masters of Technology - Renewable Energy Engineering And Management

TERI University | New Delhi, INDIA | 07.2010 - 06.2012

First Class : CGPA A+

  • Thesis: Performance Ratio Calculation and Analysis of Solar PV Plants.

Bachelors in Engineering - Electrical Engineering

Shri Vaishnav Institute of Technoloy And Science | Indore, INDIA | 08.2005 - 06.2009

First Class, CPA 7.40

  • B.E. Project: Alternate Sources of Power Generation

CLASS 12, CBSE - PCM

Kendriya Vidyalaya | Danapur Cantt, Patna | 07.2001 - 06.2003

First Class, CPA 7.50

CLASS 10, CBSE - Maths, Science

Kendriya Vidyalaya | Danapur Cantt, Patna | 07.1991 - 06.2001
  • 93% in Science and Maths

Chartered Engineer - Solar PV Engineer

Institution of Engineers (India) | New Delhi, INDIA | 01.2013 - 06.2013

Empanelled as Chartered Engineer in Ministry of New Ministry of New and Renewable Energy Ministry of New and Renewable Energy, Govt. of India and Renewable Energy and can work as and advisor for Solar PV Developers.

Skills

Commercial Negotiations
Asset Management
M&A Transactions
Due Diligence Process
Supervision and Leadership
Problem Solving and Deal Closure

Timeline

Head of Commercial and Transactions
Power Systems & Solutions Co. Ltd.
01.2021 - Current
Project Development Manager (CLMVT)
ibvogt Gmbh
01.2019 - 12.2020
Head of Project Development
BB Star Energy Co. Ltd.
10.2016 - 12.2018
Sr. Project Manager
nv-vogt Solar Pte. Ltd.
01.2014 - 09.2016
Institution of Engineers (India)
Chartered Engineer from Solar PV Engineer
01.2013 - 06.2013
Manager, Projects
APCA Power Pvt. Ltd
06.2011 - 12.2013
TERI University
Masters of Technology from Renewable Energy Engineering And Management
07.2010 - 06.2012
Shri Vaishnav Institute of Technoloy And Science
Bachelors in Engineering from Electrical Engineering
08.2005 - 06.2009
Kendriya Vidyalaya
CLASS 12, CBSE from PCM
07.2001 - 06.2003
Kendriya Vidyalaya
CLASS 10, CBSE from Maths, Science
07.1991 - 06.2001
Ashish KumarHead of Commercial and Transactions