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BUSINESS

GPSC plans to inject capital into Avaada Energy Private

Business, Yuthana Praiwan, Published on 29/06/2023

» Global Power Synergy Plc (GPSC), the power generation arm of national oil and gas conglomerate PTT Plc, plans to inject 19.1 billion rupees (8.28 billion baht) of capital into India-based Avaada Energy Private to expand its renewable energy business amid growing electricity demand in India.

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BUSINESS

Gas supply on an upward trajectory

Yuthana Praiwan, Published on 29/06/2023

» Thailand’s domestic gas supply has increased as production from the Erawan gas block in the Gulf of Thailand has risen to 400 million standard cubic feet per day (MMSCFD) from 210 MMSCFD earlier this year, according to the Department of Mineral Fuels.

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BUSINESS

BPP keen on free power trade pipeline

Business, Yuthana Praiwan, Published on 01/07/2023

» Costly electricity bills create a financial burden for the public, but also accelerate momentum for the establishment of free power trade in Thailand.

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BUSINESS

Eppo prepping hydrogen pilot project

Business, Yuthana Praiwan, Published on 01/07/2023

» Energy officials plan to push ahead with hydrogen fuel development in an effort to make it one of the main fuels used in the power, transport and industrial sectors, with the aim of becoming less dependent on fossil fuels, says the Energy Policy and Planning Office (Eppo).

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BUSINESS

PSP Specialties to list on stock market

Business, Yuthana Praiwan, Published on 20/06/2023

» PSP Specialties Plc, Thailand's largest lubricant producer by capacity, plans to raise funds through an initial public offering (IPO), with the expectation that the listing on the Stock Exchange of Thailand would support its plan to further grow the business.

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BUSINESS

GGC anticipating 20% increase in annual sales

Business, Yuthana Praiwan, Published on 20/06/2023

» SET-listed Global Green Chemicals Plc (GGC), the biochemical arm of PTT Global Chemical (PTTGC), expects sales to increase by 20% this year, driven by palm-oil based products, although revenue will remain unchanged due to a drop in prices.

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BUSINESS

Prime Road Power looks to Indonesia

Business, Yuthana Praiwan, Published on 21/06/2023

» SET-listed Prime Road Power, an operator of solar farms and provider of solar panel installation services, is planning to embark on a renewable energy business in Indonesia next year to benefit from Jakarta's efforts to speed up its clean energy development.

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BUSINESS

Electricity bills poised to decrease

Yuthana Praiwan, Published on 22/06/2023

» Electricity bills are expected to be slightly lower during the last four months of this year, with the power tariff decreasing by about 20 satang baht per kilowatt-hour (unit) in line with cheaper gas prices.

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BUSINESS

Demco keen on new acquisitions

Business, Yuthana Praiwan, Published on 16/06/2023

» SET-listed Demco, a contractor and engineering service provider, plans to diversify into digital technology businesses and continue to grow its renewable energy portfolio, although it admits missing an opportunity to join the state renewable development scheme.

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BUSINESS

WP Energy revenue set to rise by 9.4%

Yuthana Praiwan, Published on 12/06/2023

» WP Energy Plc, Thailand's second-largest liquefied petroleum gas (LPG) trader by sales volume, expects revenue to increase by 9.4% to 17 billion baht this year, up from 15.5 billion baht in 2022, though the government's LPG price subsidy is scheduled to expire at the end of this month.