New biomass plant in Pattani expected to be a big contributor
SET-listed TPC Power Holding (TPCH), the renewable power generation arm of the construction firm Thai Polycons Plc, expects revenue to grow by 30-40% in 2023, from 2.7 billion baht last year, thanks to increased management of power plants.
Net profit should exceed the record high of 359 million baht in 2019, said president Cherdsak Wattanavijitkul.
In 2022, net profit was 173 million baht.
The main source of earnings is from the Pracharat Biomass Mae Lan power plant, which started commercial operations on June 1, Mr Cherdsak said.
The…
