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BUSINESS

Banpu profit soars 763% as energy prices surge

Business, Yuthana Praiwan, Published on 16/11/2021

» Banpu Plc, a non-oil energy conglomerate, saw its third-quarter net profit skyrocket by 763% to 3.49 billion baht, up from a loss of 516 million baht in the same period last year, due to a surge in the prices of coal and natural gas.

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BUSINESS

Banpu acquires $430m US power plant

Business, Yuthana Praiwan, Published on 03/11/2021

» Banpu Group, a non-oil energy conglomerate, has concluded a share purchase deal worth US$430 million (14.29 billion baht) to acquire a new power plant in the US as part of a move to adopt more "HELE" (high efficiency, low emission) technology.

BUSINESS

Ratch, Sahacogen ink deal

Business, Yuthana Praiwan, Published on 30/10/2021

» Ratch Group Plc, Thailand's largest private power generator by capacity, continues to expand its electricity generation capacity by acquiring a 51% share in Sahacogen (Chonburi) Plc, the power generation arm of Saha Group Plc, a major consumer goods distributor and manufacturer, at a cost of 3.4 billion baht.

BUSINESS

IRPC vows to stamp out corruption

Business, Yuthana Praiwan, Published on 28/10/2021

» IRPC Plc, a petrochemical arm of national oil and gas conglomerate PTT Plc, has announced zero tolerance of corruption, a major hindrance to national economic development and business progress in the private sector.

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BUSINESS

Post-Covid EV industry surge anticipated

Business, Yuthana Praiwan, Published on 26/10/2021

» Startups venturing into electric vehicle (EV) businesses expect to see rapid post-pandemic growth of the industry, with more charging facilities and EV-sharing service platforms to serve new urban lifestyles.

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BUSINESS

PTTGC pledges to reduce its emissions

Business, Yuthana Praiwan, Published on 22/10/2021

» PTT Global Chemical Plc (PTTGC), Thailand's largest petrochemical producer by capacity, has announced its commitment to cut greenhouse gas emissions by 20% within 2030 in a move to help the government fight climate change.

BUSINESS

B29bn budget to cap diesel

Business, Yuthana Praiwan, Published on 21/10/2021

» The Energy Policy Administration Committee has approved a budget worth around 29 billion baht to put a cap on the diesel price at below 30 baht per litre in line with an order from Prime Minister Prayut Chan-o-cha.

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BUSINESS

Egco completes first US renewables investment

Business, Yuthana Praiwan, Published on 08/10/2021

» SET-listed Electricity Generating (Egco) has made its first renewables investment in the US by indirectly acquiring a 17.4% share in Apex Clean Energy Holdings LLC, a leader in clean energy project development, sales and operation.

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BUSINESS

FPT offers pipeline service

Business, Yuthana Praiwan, Published on 25/09/2021

» Fuel Pipeline Transportation Co (FPT), an arm of Bangkok Aviation Fuels Service Plc, has offered to send oil through its pipeline from Ayutthaya to Lampang to replace oil trucks and help reduce carbon dioxide emitted by vehicles during transport.

BUSINESS

Eppo gauges input from public for net-zero draft

Business, Yuthana Praiwan, Published on 24/09/2021

» The Energy Policy and Planning Office (Eppo) is gathering ideas from public hearings to complete the draft of its master plan for Thailand's net-zero target.