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BUSINESS

Egat to spend B300bn on solar development

Business, Yuthana Praiwan, Published on 02/05/2023

» The Electricity Generating Authority of Thailand (Egat) aims to increase its power generation capacity from floating solar farms at its nine hydropower plants to 10 gigawatts by 2037, with investment of almost 300 billion baht.

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BUSINESS

PTTEP set to miss sales target

Business, Yuthana Praiwan, Published on 04/05/2023

» PTT Exploration and Production (PTTEP) expects its oil and gas sales in 2023 to tally 456 kilo-barrels of oil equivalent per day (KBOED), down from a target of 470 KBOED, because of various factors including a production decrease at some petroleum sites.

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BUSINESS

GPSC allots B2.5bn for Indian solar firm

Business, Yuthana Praiwan, Published on 28/04/2023

» Global Power Synergy Plc (GPSC), the power generation arm of national oil and gas conglomerate PTT Plc, plans to inject 2.5 billion baht of capital into Avaada Energy Private, an Indian solar power developer, in a move to boost renewable power generation.

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BUSINESS

Power bills set to stay put amid Egat losses

Business, Yuthana Praiwan, Published on 26/04/2023

» State-run Electricity Generating Authority of Thailand (Egat) says it is unable to shoulder more financial burdens until 2025 as it needs funds from electricity bills to help it deal with current losses of 136 billion baht.

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BUSINESS

Offo sees slight dip in global oil prices

Business, Yuthana Praiwan, Published on 27/04/2023

» Global oil prices are expected to fall slightly as central banks continue to raise interest rates to tame high inflation, says the Oil Fuel Fund Office (Offo).

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BUSINESS

Fuel consumption surges during Q1

Business, Yuthana Praiwan, Published on 28/04/2023

» Fuel consumption in the first quarter increased to a level greater than usage in 2019, following a drop for two consecutive years when Thailand endured the impact of the pandemic, according to the Department of Energy Business (DOEB).

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BUSINESS

Power bills set to fall for rest of 2023

Business, Yuthana Praiwan, Published on 29/04/2023

» Electricity bills are likely to decline during the last four months of this year, with the power tariff expected to reach 4.3 or 4.4 baht per kilowatt-hour (unit), according to the Energy Policy and Planning Office (Eppo).

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BUSINESS

Bangchak intensifies energy logistics push

Business, Yuthana Praiwan, Published on 19/04/2023

» SET-listed energy conglomerate Bangchak Corporation aims to expand its energy logistics business after shareholders approved a plan to take over Esso (Thailand) Plc.

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BUSINESS

Sharge seeks partners as EV demand increases

Business, Yuthana Praiwan, Published on 17/04/2023

» Sharge Management Co, a provider of charging systems for battery-powered vehicles, is planning to expand and adjust its business by forging new partnerships or raising funds as demand for electric vehicles (EVs) grows.

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BUSINESS

Prime Road targets 1,800MW renewable power by 2027

Business, Yuthana Praiwan, Published on 06/04/2023

» SET-listed Prime Road Power, an operator of solar farms and provider of solar panel installation services, aims to increase its renewable power generation capacity to 1,800 megawatts by 2027, up from 304MW, thanks to campaigns for fossil fuel reduction to fight global warming across Asia-Pacific.