Electrifying expansion: Demco sparks digital tech and renewable energy growth

Demco yesterday announced expansion plans focusing on diversifying the company’s business into digital technology and enhancing its renewable energy portfolio. As stock exchange of Thailand (SET)-listed contractor and engineering service provider, the company acknowledges not getting involved in the state renewable development scheme during its first phase.

Pongsak Sirikupt, the company’s chief executive and managing director, revealed that Demco’s expansion plan aims to invest 150 million baht in boosting its rooftop solar power business. Demco’s electricity generation capacity is projected to rise from the current 10MW to 40 megawatts by 2025. The company is currently engaged in discussions with renewable power plant operators in an effort to acquire assets, with an expected conclusion in early 2023.

Presently, Demco operates solar and wind farms with a…