Banpu Power’s profit jumps 67% in the first half of the year, plans to invest $600 million

Mr. Kiron Limpapayom, Chief Executive Officer of Banpu Power Public Company Limited, said that in the first half of 2022, Banpu Power had a net profit of 3,604 million baht, an increase of 67% compared to the same period last year. Has EBITDA 5,083 million baht

This reflects the ability to stabilize the power generation and distribution of all power plants. as well as being able to effectively manage energy cost risks resulting in stable cash flow

The company continues to focus on expanding its business portfolio according to the Greener & Smarter strategy by successfully investing more in the renewable energy business in Vietnam. and energy technology business in Thailand including entering the free market of electricity in the United States has increased the chances of making a profit for the company When there is a higher demand for electricity in the market The company aims in 2025 to generate 5,300 megawatts of electricity.

If looking at the results in the second quarter of 2022, mainly from the efficient operation of the HPC power plant (HPC) in Lao PDR and the BLCP power plant (BLCP) in Thailand, which The Equivalent Availability Factor (EAF) is up to 91 and 94% respectively, enabling continuous and stable power generation and distribution.

It also recognizes revenue from Temple I natural gas power plants in the United States. Due to the increase in electricity demand during the beginning of the summer season. As a result, the purchase price of electricity increased. Meanwhile, the three combined heat and power (CHP) power plants in China saw higher sales volumes and steam prices. The demand from some industrial customers has recovered.

For the renewable power business, in the third quarter of 2022, additional revenue is expected to be realized from the 15-megawatt Chu Ngoc Solar Power Plant and the Nhon Hai Solar Power Plant. Capacity 35 megawatts, Vietnam due to the completion of the trading process Including the opportunity to increase megawatts from solar rooftop business in response to the policy to support the installation of solar panels on the roof of the local government in Zhengding Province, China

Banpu Power continues to strive to grow its energy technology business through its investment in Banpu NEXT, most recently having signed a cooperation agreement with Cherdchai Motor Sales. and Dura Power Build a lithium-ion battery assembly plant in Thailand We aim for 1 gigawatt hour (GWh) of capacity by 2026.”

“In the first half of the year we only spent about $50 million in investment. We still have $500-600 million left to invest in a new project that we’re closing the deal soon, this money we need to use up within 1-2 years. Our goal is to invest in the business. A power plant that is a free electricity market like we invest in the US We look at opportunities in all 8 countries where we are investing. like renewable energy Petition energy, both Vietnam, Japan, and in Thailand, if the future is open to the private sector to produce other energy, we are happy to consider it.”