CK Power Plc is ramping up investment in renewable energy in 2022 to foster steady growth as it recorded a total revenue of 2.54 billion baht, an increase of 442 million baht or 21.0% year-on-year.
Thanawat Trivisvavet, Managing Director of CK Power, one of the region’s largest producers of renewables-based electricity, said the company posted net profit of 38.7 million baht in the first quarter.
The principal contributor to the revenue growth in Q1/2022 was the sharp increase in gas prices in the global market, which not only caused the revenue from Bangpa-in Cogeneration Power Plant to rise but also resulted in a 627.6 million baht or 39.9% increase in operating expenses of Bangpa-in Cogeneration Power Plant. Despite the volatility of natural gas prices, the year-on-year 29.2…
