Thailand's Ratchaburi Raises Capacity Target to 10,000 MW

Thailand's Ratchaburi Raises Capacity Target to 10,000 MW

Thailand's Ratchaburi Electricity Generating Holding Pcl said on Tuesday
(09/08) it has raised its 2023 capacity target by 3 percent to 10,000
megawatts (MW) as it wanted to invest more in renewable energy to boost
growth.

Of the target, 20 percent or 2,000 MW will come from renewables, which has
strong growth prospects, Rum Herabat, the utility's chief executive officer
told a news conference.

The revision is part of Ratchaburi's new business plan, which calls for the
country's largest private power producer to diversify into energy-related
investments in neighboring countries and around Asia Pacific, Rum said.

Ratchaburi has a current generating capacity of 6,980 MW, with just over 70
percent produced by domestic power plants and nearly 30 percent coming from
foreign operations.

Renewables account for 12.85 percent of Ratchaburi's generating capacity,
and include stakes in solar and wind energy projects in Australia, and
hydropower plants in Laos.

The new business strategy, which will include fuel and water supply, mining
and logistics, should generate about one-third of its long-term revenue, Rum
said.

In Thailand, the utility recently joined with partners to bid for the yellow
and pink lines of a monorail electric train project. Ratchaburi was also
keen to invest in an electric car project and in solar and biomass power
plants, Rum said.

Ratchaburi is considering investing in new markets as well, in Myanmar,
Cambodia, Indonesia, the Philippines and others in Asia Pacific, Rum said.

In Indonesia, Ratchaburi recently joined with utility PT Medco Power to bid
in coming weeks to build a $350 million gas-fired power plant in the Riau
Islands, and will this month submit a bid for a 30 percent stake in a
coal-fired power plant in Sumatra with capacity of 600 MW, Rum said.

Earlier, the utility reported a 3.8 percent drop in second quarter net
profit of 1.1 billion baht.

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Ref:
http://jakartaglobe.beritasatu.com/international/thailands-ratchaburi-raises
-capacity-target-10000-mw/

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John Diecker
APT Consulting Group Co., Ltd.

www.aptthailand.com