Sakol Energy revises 2023 revenue forecast due to RDF delays

Sakol Energy (SKE), a firm involved in the trade of compressed natural gas and the operation of biomass power plants, adjusted its revenue expectations for 2023 owing to a delay in commencing operations at a new refuse-derived fuel (RDF) production facility.

The publicly traded company had earlier predicted a revenue leap to nearly 1 billion baht in 2023, a significant increase from the 497 million recorded in 2022. However, due to unexpected technical hitches that caused a delay in the RDF factory operations, SKE now anticipates a more modest 10% revenue growth for 2023.

The RDF facility in question, located in Saraburi’s Kaeng Khoi district, encountered technical issues that pushed back its full-fledged operations, initially slated to commence in early 2022.

The company now projects that commercial operations should be underway by the end of…