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BUSINESS

Renewables scheme targets new firms

Business, Yuthana Praiwan, Published on 08/04/2023

» The Energy Regulatory Commission (ERC) is encouraging companies not selected for power projects under its 5.2-gigawatt renewables scheme to participate in the second phase after the general election.

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BUSINESS

Demco keen on expansion in renewable energy sector

Business, Yuthana Praiwan, Published on 08/04/2023

» SET-listed Demco, a contractor and engineering service provider, is expanding its clean energy business following diversification into this sector by joining the government's promoted renewable power development scheme.

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BUSINESS

Avaada wins solar farm bid

Business, Yuthana Praiwan, Published on 11/04/2023

» Global Power Synergy Plc (GPSC), the power generation arm of national oil and gas conglomerate PTT Plc, continues to grow its renewable business in India after its subsidiary Avaada Energy Private (Avaada) won an auction for a 421-megawatt solar farm project in the country.

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BUSINESS

BCPG spends $260m on US power stake

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

» SET-listed BCPG Plc, the power generation arm of Bangchak Corporation, will acquire shares worth US$260 million in Hamilton Holdings II LLC to further expand its gas-fired power plant business in the US.

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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.

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BUSINESS

UAC sells 70% share to Italy's Icap-Sira

Business, Yuthana Praiwan, Published on 29/03/2023

» UAC Global Plc, a chemical trader and clean power operator, is steering away from its chemical business by selling a 70% share, worth 101.2 million baht, in its UAC Advance Polymer and Chemical Co to an Italian firm expanding its business into Asean.

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BUSINESS

Egco completes US power acquisition

Business, Yuthana Praiwan, Published on 28/03/2023

» Electricity Generating Plc (Egco), the power generation arm of Electricity Generating Authority of Thailand, has completed the acquisition of a 49% stake from the operator of a gas-fired power plant in Rhode Island as it grows its energy business in the US.

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BUSINESS

SPCG expects solar panel revenue to reach B1bn

Business, Yuthana Praiwan, Published on 24/03/2023

» Costly electricity bills are expected to cause more households and businesses to use renewable energy by installing rooftop solar panels, says SET-listed SPCG, a pioneer in solar farm development in Thailand.

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BUSINESS

BCPG allots B39bn in capital spending

Business, Yuthana Praiwan, Published on 25/03/2023

» BCPG Plc, the power generation arm of energy conglomerate Bangchak Corporation Plc, plans to allocate 39 billion baht in capital spending to fund its domestic and overseas businesses and asset acquisitions, including those affected by ongoing banking problems in the US and Switzerland.

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BUSINESS

Bangchak doubles down on oil and gas

Business, Yuthana Praiwan, Published on 25/03/2023

» The age of renewable energy, with electric vehicles (EVs) predicted to dominate the transport sector, has not swayed energy conglomerate Bangchak Corporation Plc from the oil and gas business.