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BUSINESS

WHAUP solar panel business set to surge

Business, Yuthana Praiwan, Published on 08/03/2023

» SET-listed WHA Utilities & Power Plc (WHAUP), which provides utilities under WHA Corp, Thailand's biggest industrial land developer and operator, expects its rooftop solar panel installation service to grow by 24% to 300 megawatts this year, thanks to greater adoption of clean energy in the industrial sector.

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BUSINESS

PTTEP grabs 2 new licences in Gulf

Business, Yuthana Praiwan, Published on 08/03/2023

» PTT Exploration and Production Plc (PTTEP) was awarded exploration and production licences at two of three new petroleum blocks in the Gulf of Thailand, a move that should pave the way for more domestic oil and gas supply to strengthen the country's energy security.

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BUSINESS

TOP allots $1bn capex to support growth

Business, Yuthana Praiwan, Published on 09/03/2023

» Thai Oil Plc (TOP), the country's largest oil refinery by capacity, plans to allocate capital spending worth US$1 billion to grow its businesses between 2023 and 2025, with half the budget going to the Clean Fuel Project (CFP).

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BUSINESS

IRPC hopes margin will rise this year

Business, Yuthana Praiwan, Published on 28/02/2023

» IRPC, the petrochemical arm of national oil and gas conglomerate PTT Plc, expects to see gross integrated margin (GIM) in its oil refinery and petrochemical businesses grow to US$13-14 per barrel on average this year as the petrochemical industry downturn has passed.

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BUSINESS

Climate change bonanza

Business, Yuthana Praiwan, Published on 27/02/2023

» Global campaigns to cut carbon dioxide emissions not only alert businesses to new non-tariff barriers imposed as part of efforts to fight global warming, they can also lead to new opportunities in the clean energy sector.

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BUSINESS

Gulf completes purchase of US gas plant

Business, Yuthana Praiwan, Published on 01/03/2023

» Gulf Energy Development Plc, Thailand's largest power producer by market value, is set to rake in more revenue after becoming an owner of Jackson Generation, a 1,200-megawatt gas-fired power plant in the US.

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BUSINESS

B41.5bn set aside for renewables

Business, Yuthana Praiwan, Published on 01/03/2023

» SET-listed Super Energy Corporation, Thailand's largest operator of solar farms by capacity, plans to increase its revenue in 2024 and 2025 by allocating capital spending of 41.5 billion baht to fund renewable projects in Thailand and Vietnam.

BUSINESS

ADB, Monsoon Wind ink financing deal

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

» The Asian Development Bank (ADB) and Monsoon Wind Power Co have signed a financing agreement worth US$692.5 million to support the construction of a 600-megawatt wind power plant in southern Laos, the largest cross-border wind energy project in Asean.

BUSINESS

Gulf moves into UK with investment in offshore wind farm

Business, Yuthana Praiwan, Published on 04/03/2023

» SET-listed Gulf Energy Development, Thailand's largest power producer by market value, continues to seek new business opportunities overseas with its latest investment in the development of a 1,500-megawatt offshore wind farm project in the UK.

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BUSINESS

Gulf profits increase 37% to B12.1bn in 2022

Business, Yuthana Praiwan, Published on 18/02/2023

» Gulf Energy Development Plc posted revenue growth of 92% to 101 billion baht last year, driven by earnings from its power generation facilities, divestment and InTouch Holdings Plc, the parent firm of telecom operator Advanced Info Service (AIS).