QTC Energy’s solar panel business is expected to gain momentum this year because of costly electricity bills.
QTC Energy Plc, a Thai power transformer manufacturer, expects revenue to grow by almost 15% to 1.4 billion baht this year, up from 1.23 billion in 2022, despite a loss in the first quarter.
The company believes it can earn more revenue from higher demand for transformers and solar power panels throughout the rest of this year.
The good business prospects in 2023 are also attributed to an electric vehicle (EV) charger business, co-operated by QTC Energy’s partner UAC Global Plc.
Poonphiphat Tantanasin, managing director of QTC Energy, expects the company to win bids to sell transformers worth 500 million baht to the…
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.